Industrial Oxygen Market Estimated to Expand at a Double-Digit CAGR ~ 6% through 2019-2029 - PowerPoint PPT Presentation

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Industrial Oxygen Market Estimated to Expand at a Double-Digit CAGR ~ 6% through 2019-2029

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Title: Industrial Oxygen Market Estimated to Expand at a Double-Digit CAGR ~ 6% through 2019-2029


1
Industrial Oxygen Market
  • July 2019

Report Id REP-GB-10071 Published On
July-2019 Category Chemicals and Materials
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
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anecdotes, technology inputs, valuable growth
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Industrial Oxygen Market Analysis
  • A Staggering CAGR 6 Projected for Industrial
    Oxygen Market During 2019-2029
  • VALLEY COTTAGE -- Future Market Insights (FMI),
    in its new publication, offers a perspective on
    the future trajectory of the global industrial
    oxygen market for the period between 2019 and
    2029. As per the report, global sales of
    industrial oxygen reached 380 million tons in
    2018, equaling revenues worth US 45 Mn. With
    rapid growth in steel production to meet the
    demand from upcoming infrastructural projects,
    industrial oxygen manufacturers are hard-pressed
    to adopt advanced technologies, to enhance their
    production capacities.
  • Demand for high-grade industrial oxygen is
    rapidly expanding in healthcare industry. As
    governments continue to put emphasis on greater
    healthcare access in rural communities, the FMI
    study finds that key market players are working
    on installing small- and medium-sized separate
    oxygen generation plants for hospitals in remote
    areas, to avoid any shortage in critical
    situations.
  • Market players have been strategically
    establishing air separation unit (ASU) production
    facilities, especially in developing countries,
    in partnership with local manufacturers. The
    report suggests that these partnerships aim to
    address the bulk requirements of industrial
    oxygen and other industrial gases in a whopping
    number of steel projects. However, industrial
    oxygen manufacturing uses tremendous amount of
    electricity and requires large and sophisticated
    equipment to separate, purify, and store these
    gases, which represent a threat to the steady
    growth of the market.

5
Industrial Oxygen Market Analysis
  • Key Players Explore Untapped Markets to Drive
    Sales Opportunities
  • FMI's study finds that the industrial oxygen
    market is likely to grow at a CAGR of 6 through
    2029. One of the recent trends in the market is
    cracking the code of MA activities with regional
    stakeholders to reduce transportation expense and
    supply loads, which in turn, reduces the overall
    cost for end users. With variation in the demand
    from different end users, compressed oxygen gas
    in single cylinders, which continues to be a
    low-cost, versatile method of oxygen supply, are
    likely to witness significant sales even in
    cost-sensitive markets. However, liquefied oxygen
    will continue to gain momentum in a multitude of
    industries, attributing to its high convenience
    quotient in terms of transportation and storage,
    irrespective of volume.
  • According to the study, innovations have been
    forthcoming for application of high-purity (gt99)
    industrial oxygen in a number of non-traditional
    areas. The market has been benefiting from rising
    demand for food-grade industrial gases that not
    only comply with the food grade standards but
    also help maintain the freshness of end products.
    Further, considering the limiting features of
    conventional stationary oxygen concentrators for
    patients with chronic obstructive pulmonary
    disease (COPD), market players mainly operating
    in medical gases sector are working on portable
    oxygen concentrators.

6
Industrial Oxygen Market Analysis
  • As industrial oxygen remains critical to the
    successful operations of a variety of
    manufacturing processes in steel and chemical
    industries, significant focus has been placed on
    the development of large-scale cryogenic air
    separation technology. Representing revenue share
    of 70, cryogenic air separation process of
    industrial oxygen continues to witness higher
    investments and innovations, according to the
    study.
  • The study opines that as manufacturing base of
    the world continues to shift towards developing
    countries in Asia Pacific where operational costs
    are relatively low, market stakeholders are
    directing their investments in setting up
    production facilities catering to steelmaking and
    other manufacturing industries. In Asia Pacific,
    demand for industrial oxygen keeps cropping up in
    various sectors including pharmaceutical
    biotechnology and water wastewater treatment,
    providing an added advantage to manufacturers,
    looking to reach newer consumer bases.
  • As per the study, ongoing consolidation of key
    players are creating entry barriers for local
    players. With the similarities of core
    businesses, there has been no significant
    obstacles to mergers for leading stakeholders.
    However, lack of funding and minimal technology
    upgradation have restricted the competitive
    advantage for smaller players. Moreover,
    manufacturers and suppliers of industrial oxygen
    will remain focused on establishing long-term
    supply agreements with end users to stay ahead of
    the pack.

7
Industrial Oxygen Market Analysis
  • Press-release Source - https//www.prnewswire.com/
    news-releases/industrial-oxygen-market-is-expected
    -to-grow-at-a-cagr-of-6-during-the-forecast-period
    -of-2019-to-2029--future-market-insights-300887288
    .html
  • Request for covid19 Impact Analysis
    https//www.futuremarketinsights.com/covid19/rep-g
    b-10071
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8
Industrial Oxygen Market Analysis
  • About Us
  • Future Market Insights (FMI) is a leading market
    intelligence and consulting firm. We deliver
    syndicated research reports, custom research
    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.
  • Contact UsMr. Abhishek Budholiya616 Corporate
    Way, Suite 2-9018Valley Cottage, NY 10989United
    StatesT 1-347-918-3531F 1-845-579-5705T
    (UK) 44(0)20-7692-8790

9
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