市场调查报告书
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工业氧气市场规模、份额、成长分析、按产品类型、最终用途 - 产业预测,2024-2031 年Industrial Oxygen Market Size, Share, Growth Analysis, By Product(Compressed Oxygen Gas, Liquefied Oxygen), By Type(On-Site Type, Bulk Type), By End Use(Steel Production, Chemical) - Industry Forecast 2024-2031 |
2022年全球工业氧气市场规模为426亿美元,从2023年的456.5亿美元成长到2031年的793.1亿美元,复合年增长率预计为7.15%。
全球工业氧气市场在从金属加工到医疗保健应用的各个领域中发挥着至关重要的作用。氧气不仅对维持人类生命具有根本重要性,而且在许多工业过程中充当反应物、氧化剂和载气。该市场的成长受到多种因素的推动,包括製造业,尤其是金属加工行业需求的增加,因为氧气对于氧燃料焊接、切割以及金属和化学品生产至关重要。此外,建筑、汽车和医疗保健等行业也对这一增长做出了重大贡献,其中医用氧气对于呼吸治疗和麻醉至关重要,而这种需求是由于COVID-19 对医用氧气的需求激增而推动的流行病突出。低温精馏、变压式吸附等氧气生产和供应技术的进步,正在提高供应链的效率和可靠性,确保工业氧气的稳定供应。
Global Industrial Oxygen Market size was valued at USD 42.60 billion in 2022 and is poised to grow from USD 45.65 billion in 2023 to USD 79.31 billion by 2031, growing at a CAGR of 7.15% during the forecast period (2024-2031).
The global industrial oxygen market plays a vital role across various sectors, serving as a crucial element from metalworking to healthcare applications. Beyond its fundamental significance in sustaining human life, oxygen functions as a reactant, oxidizer, and carrier gas in numerous industrial processes. Growth in this market is propelled by several factors, including increasing demand from manufacturing, particularly in metal fabrication, as oxygen is indispensable for oxy-fuel welding, cutting, and the production of metals and chemicals. Additionally, sectors like construction, automotive, and healthcare significantly contribute to this growth, with medical oxygen being pivotal for respiratory therapy and anesthesia, a necessity underscored by the COVID-19 pandemic's surge in demand for medical oxygen. Advancements in oxygen production and distribution technologies, such as cryogenic distillation and pressure swing adsorption, have enhanced supply chain efficiency and reliability, ensuring a steady provision of industrial oxygen.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Industrial Oxygen Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Industrial Oxygen Market Segmental Analysis
The Global Industrial Oxygen Market is segmented based on product, type, end use, and region. Based on product, the market is segmented into compressed oxygen gas, and liquefied oxygen. Based on type, the market is segmented into on-site type, bulk type, cylinder type. Based on end use, the market is segmented into Steel Production, Chemical, Copper and Aluminum, Glass Industry, Wastewater Treatment, Pulp and Paper Industry, Food & Beverage, Plastic Industry, Semiconductors, and Other. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global Industrial Oxygen Market
The commercial oxygen market is primarily propelled by the healthcare sector, where oxygen plays a critical role in various scientific applications such as respiratory therapy, anesthesia, and emergency care. With the rising prevalence of respiratory diseases and an aging global population, there has been a significant increase in the demand for medical oxygen. The COVID-19 pandemic has further emphasized the crucial role of oxygen supply in healthcare, leading to a surge in demand.
Restraints in the Global Industrial Oxygen Market
One significant constraint in the industrial oxygen market pertains to the susceptibility of its delivery chain. Oxygen production typically involves intricate processes like cryogenic distillation or pressure swing adsorption (PSA), which rely on sophisticated infrastructure and technology. Any disruptions along the delivery chain, whether due to natural disasters, equipment malfunctions, or logistical hurdles, have the potential to trigger shortages and disrupt market stability.
Market Trends of the Global Industrial Oxygen Market
A prominent trend in the industrial oxygen sector is the growing demand for medical-grade oxygen, largely spurred by the heightened necessity for oxygen in healthcare facilities emphasized by the COVID-19 pandemic. This surge in demand has prompted oxygen suppliers and manufacturers to adjust their operations to meet this shift in demand, potentially influencing the broader industrial oxygen market landscape.