Oxygen, the life-sustaining gas, is essential for all aerobic organisms. Constituting about 21% of Earth’s atmosphere, it supports respiration and combustion. In medical settings, oxygen therapy aids patients with respiratory issues. Additionally, oxygen’s role in various chemical processes, including combustion and oxidation, underlines its significance in energy production and diverse industrial applications.
As per the recent research conducted by a leading market insights provider FMI, the global Oxygen market size will expand at a healthy CAGR over the forecast period between 2022 and 2027. The aim of this study is to analyze key market dynamics affecting the sales of Oxygen and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Oxygen Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Oxygen market.
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Key Oxygen Market Takeaways and Projections
- The US will lead the North America Oxygen market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across the technology industry and studies their impact on demand-supply forces in the Oxygen market. It also profiles a list of prominent companies including
- The Linde Group
- Air Liquide
- Praxair Technology, Inc.
- TAIYO NIPPON SANSO
- Airgas, Inc.
- AIR WATER INC
- Yingde Gases
- Baosteel Metal Co., Ltd.
- Guangdong Haute Gas Co., Ltd.
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Key Segments Profiled in the Oxygen Industry Survey
The global oxygen market can be segmented on the basis of the form of oxygen:
- Gaseous
- Liquid
- Solid
It can also be segmented on the basis of applications:
- Pharmaceutical
- Cosmetics
- Mining and mineral processing
- Automobiles
The global oxygen market can also be segmented on the basis of end use industries:
- Medical
- Industrial
- Scientific
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Oxygen market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Oxygen market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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