The Business Research Company’s latest report Oxygen Global Market Report 2020 covers Oxygen market drivers, Oxygen market trends, Oxygen market segments, Oxygen market growth rate, Oxygen market major players, and Oxygen market size. The report provides in-depth analysis of the impact of COVID-19 on the Oxygen industry, along with revised market numbers due to the effects of the coronavirus.
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Oxygen Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global oxygen market reached a value of nearly $27,741.8 million in 2019, having increased at a compound annual growth rate (CAGR) of 6.1% since 2015. The market is expected to decline from $27,741.8 million in 2019 to $27,548.0 million in 2020 at a rate of -0.7%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is also restrained due to uncertain demand from the industrial sector due to uncertain demand. The market is then expected to recover slightly and grow at a CAGR of 0.11% from 2021 ad reach $27,482.3 million in 2023. The market is expected to reach $30,052.0 million in 2025, and $ 36,553.2 million in 2030.
The report covers the Oxygen market’s segments-
1) By Oxygen Type: Medical Oxygen, Industrial Oxygen, Others
2) By Application: Mineral Processing, Automobiles, Healthcare, Cosmetics, Mining, Pharmaceuticals, Others
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