Global High Purity Oxygen Market Outlook

The global high purity oxygen market is expected to foray ahead on a positive growth trajectory, at a CAGR of 6% across the forecast period (2020-2030). Growth is attributed to increasing demand for high purity oxygen for a range of end uses, including, but not limited to, the steel industry, metal fabrication, welding, healthcare, chemicals, and paper.

The steel industry has driven the consumption of high purity oxygen during the historical period, and is poised to lead demand over the forecast period too, accounting for near half of the global market share by 2030. Apart from steel industry, high purity oxygen is highly utilized to manufacture other metals, especially copper and lead. These factors are set to drive the expansion of the global high purity oxygen market size, allowing it surpass a market valuation US$ 44 Bn by 2030.

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Key findings of the Global High Purity Oxygen market study:

·         Regional breakdown of the Global High Purity Oxygen market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Global High Purity Oxygen vendors in detail.

·         Region-wise and country-wise fragmentation of the Global High Purity Oxygen market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Global High Purity Oxygen market.

Competitive Landscape

As per Fact.MR, the Global High Purity Oxygen is expected to be consolidated in nature. Tier-1 players are expected to dominate the global market, accounting for nearly 60%-70% of the market share.

These leading players are aiming for organic and inorganic strategies such as mergers, acquisitions, and product development to gain competitive edge in the industry. For instance,

  • In June 2020, Peak Gas Generation, leading brand of Peak Scientific and global leader in on-site gas generation for manufacturing and processing industries, announced the launch of its very first oxygen gas generator, the i-Flow O2, to add to its already successful i-Flow range of nitrogen gas generators.

Key Players in the High Purity Oxygen Market Include:

  • SOL Spa
  • Taiyo Nippon Sanso Corporation
  • Messer Group GmbH
  • Yingde Gases Group
  • Iwatani Corporation
  • Linde PLC
  • Air Liquide
  • Air Products and Chemicals Inc.
  • Others

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Queries addressed in the Global High Purity Oxygen market report:

·         Why are the Global High Purity Oxygen market players targeting region for increased product sales?

·         What patented technologies are the players utilizing in the global Global High Purity Oxygen market?

·         Which regions are displaying the fastest growth in the Global High Purity Oxygen market?

·         What are the underlying micro- macroeconomic factors affecting the global Global High Purity Oxygen market?

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