What is Industrial Oxygen - Global Market?
The global market for industrial oxygen, valued at US$ 38,300 million in 2023, is on a trajectory of significant growth, with projections estimating it to reach US$ 59,040 million by 2030. This expansion reflects a compound annual growth rate (CAGR) of 6.3% throughout the forecast period spanning from 2024 to 2030. Industrial oxygen, a crucial commodity across various sectors, has seen its demand surge, underpinned by its diverse applications. The market's dynamics are influenced by a few key players, with the top three industrial oxygen producers collectively holding around 75% of the global market share. This concentration underscores the competitive nature and the strategic importance of industrial oxygen production on a global scale. Furthermore, when dissecting the market based on the type of industrial oxygen supplied, the Bulk Type segment emerges as the predominant category, accounting for approximately 32% of the market. This segment's dominance highlights the scale at which industrial oxygen is consumed, necessitating large-volume deliveries that bulk supply methods are best equipped to handle. The market outlook for industrial oxygen not only reflects the growing industrial demand for this essential gas but also indicates the strategic movements within the industry aimed at catering to this demand efficiently.
On-Site Type, Bulk Type, Cylinder Type in the Industrial Oxygen - Global Market:
English: #IndustrialOxygen #GlobalMarket #MarketGrowth #CAGR #BulkTypeOxygen #IndustrialDemand #MarketDynamics #StrategicImportance #SupplyChain #MarketForecast
Steel Industry, Chemical Industry, Copper and Aluminium, Glass Industry, Waste Water Treatment, Pulp and Paper Industry, Food & Beverage, Plastic Industry, Semiconductors, Others in the Industrial Oxygen - Global Market:
Japanese: #産業用酸素 #グローバル市場 #市場成長 #CAGR #バルクタイプ酸素 #産業需要 #市場動向 #戦略的重要性 #供給チェーン #市場予測
Industrial Oxygen - Global Market Outlook:
Korean: #산업용산소 #글로벌시장 #시장성장 #CAGR #벌크타입산소 #산업수요 #시장동향 #전략적중요성 #공급망 #시장예측
| Report Metric | Details |
| Report Name | Industrial Oxygen - Market |
| Forecasted market size in 2030 | US$ 59040 million |
| CAGR | 6.3% |
| Forecasted years | 2024 - 2030 |
| Segment by Type: |
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| Segment by Application |
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| By Region |
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| By Company | Linde Plc, Air Liquide, Air Products and Chemicals, Taiyo Nippon Sanso, Air Water, Messer, Yingde Gases, SOL, Norco, Gulf Cryo |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
