The most common occurrence of oxygen in nature is in the form of a colorless gas. It is the life sustaining element found on earth with atomic number 8 and one of the basic chemicals with symbol O. Oxygen is a highly reactive oxidizing agent and nonmetal because it readily forms oxides with many compounds and other elements. It constitutes 21% of the earth’s atmosphere. The common commercial method of preparing almost 99% pure oxygen oxygen is air separation by vaccum swing adsorption process or cryogenic distillation process. Electrolysis of water is another method of producing pure oxygen but it is not economical for large volume of production.
Oxygen is available in gas cylinders, spray cans and containers etc. The base containers for liquid oxygen are available in various quantities varying from 31 to 41 litres. The oxygen market contributes to the growth of various related markets as well such as air-oxygen blenders, medical oxygen generators, stationary and portable oxygen concentrators.
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Oxygen Market: Segmentation Overview
Oxygen is used for medical hyperbaric therapies done in an hyperbaric oxygen chambers for treatment of soft tissue infections, thermal burns, crush injuries, diabetes related wounds, delayed radiation injuries, certain skin grafts and flaps etc. Oxygen gas is used to treat patients with carbon monoxide poisoning. Breathing apparatus made up of oxygen are used in hospitals to treat patients, also by mountaineers and scuba divers while diving and trekking. Oxygen is used in combination with acetylene for metal cutting, melting and welding purposes.
It is also used by mining companies to blast off the rocks. Liquid oxygen is used in launching bipropellant vehicles and gaseous oxygen is used to support rocket fuel combustion in spaceships. Oxygen is also used as an assist gas for laser and plasma cutting. It is also added in small quantities to shielding gases. Oxygen is used to increase the production capacity of oxidation processes and in its purest form, oxygen is used to manufacture many useful chemicals such as titanium dioxide and ethylene oxide. In glass manufacture, oxygen is used to enhance combustion in glass furnance and reduce emissions of NOx.
Oxygen is used to enhance or replace air in industries for ferrous as well as non-ferrous production of metals. In biotechnology, oxygen is critical for applications related to the cell growth. In pharmaceuticals, oxygen is used in fermenters and bioreactors. Oxygen is used in many refineries in order to enhance the capacity of Sulphur Recovery Units (SRU) and Fluid Catalytic Cracking plants (FCC), which improve waste water treatment operations.
Oxygen Market: Regional Outlook
The global oxygen market geographically is segmented as North America, Eastern Europe, Western Europe, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. The APEJ region, holds a significant market share of oxygen owing to the growth of healthcare and manufacturing sector. Furthermore, the growth in mining and mineral processing, wherein oxygen is a key catalyst, aids in boosting growth of oxygen market in the region. The market in North America and Europe, is more inclined towards increasing consumption of oxygen because of the increasing scientific and waste recycle applications.
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Oxygen Market: Prominent Players
Some of the prominent players in the global oxygen market are:
- 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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
Oxygen Market: Segmentation
The global oxygen market can be segmented on the basis of 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
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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