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Global Oxygen Market Opportunities And Strategies To 2030: COVID 19 Impact and Recovery
Including: By Type: Industrial Oxygen; Medical Oxygen; Others
By Application: Cosmetics; Pharmaceuticals; Automobiles; Mining; Mineral Processing; Healthcare; Others
Covering: Air Liquide; The Linde Group; Mitsubishi Chemical Holdings Corporation; Air Products and Chemicals Inc.; Yingde Gases
Oxygen Global Market Opportunities And Strategies To 2030: COVID 19 Impact and Recovery from provides the strategists, marketers and senior management with the critical information they need to assess the global oxygen market.
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Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
Identify growth segments for investment.
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Gain a global perspective on the development of the market.
Where is the largest and fastest growing market for the oxygen market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global oxygen market opportunities and strategies to 2030 report from Company answers all these questions and many more.
The report covers the following chapters
Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
Report Structure - This section gives the structure of the report and the information covered in the various sections.
Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by type, and segmentation by application.
Market Characteristics - The market characteristics section of the report defines and explains the oxygen market. This chapter includes different services covered in the report and basic definitions.
Supply Chain - The supply chain section of the report defines and explains the key players in the oxygen market supply chain.
Product Analysis - The product analysis section of the report describes the leading products/services in the market along with key features and differentiators for those products/services.
Customer Information- This chapters covers recent customers’ trends/preferences in the global oxygen market.
Trends And Strategies - This chapter describes the major trends shaping the global oxygen market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
Impact of COVID-19 - This section describes the impact of COVID-19 on the oxygen market.
Global Market Size And Growth - This section contains the global historic (2015-2019) and forecast (2023F, 2025F, 2030F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
Regional Analysis - This section contains the historic (2015-2019), forecast (2019-2023F, 2025F, 2030F) market value and growth and market share comparison by region.
Market Segmentation - This section contains the market values (2015-2019, 2019-2023F, 2025F, 2030F) and analysis for segment by type in the market.
Regional Market Size And Growth - This section contains the region’s market size (2019), historic and forecast (2015-2019, and 2023F, 2025F, 2030F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
Competitive Landscape - This section covers details on the competitive landscape of the global oxygen market, estimated market shares and company profiles of the leading players.
Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for pharmaceuticals providers in terms of product offerings, geographic expansion, marketing strategies and target groups.
Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
The global oxygen market is segmented into -
By Type: Industrial Oxygen; Medical Oxygen; Others
By Application: Cosmetics; Pharmaceuticals; Automobiles; Mining; Mineral Processing; Healthcare; Others
Companies Mentioned: Air Liquide; The Linde Group; Mitsubishi Chemical Holdings Corporation; Air Products and Chemicals Inc.; Yingde Gases
Countries: China, Japan, India, Australia, Indonesia, South Korea, USA, Brazil, UK, Germany, France, Russia
Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This report describes and evaluates the global oxygen market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.
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.
Growth in the historic period resulted from emerging markets growth, increased prevalence of disease, and rising air pollution levels. Factors that negatively affected growth in the historic period were safety, and changing regulations.
Going forward, increasing demand for oxygen due to COVID-19 effect, applications of oxygen in healthcare, and increased demand for portable oxygen for homecare will drive the growth. Factors that could hinder the growth of the oxygen market in the future include reduction in free trade, and uncertain demand from industry.
The oxygen market is segmented by type into industrial oxygen, medical oxygen, and others. The industrial oxygen market was the largest segment of the oxygen market segmented by type, accounting for 77.4% of the total in 2019. Going forward, the medical oxygen segment is expected to be the fastest growing segment in the oxygen market, at a CAGR of 5.0% during 2019-2023.
The oxygen market is segmented by application into mineral processing applications, automobiles, healthcare, cosmetics, mining, pharmaceutical, food and others. The others market was the largest segment of the oxygen market segmented by application, accounting for 27.6% of the total in 2019. Going forward, the healthcare segment is expected to be the fastest growing segment in the oxygen market, at a CAGR of 5.0%.
Asia Pacific was the largest region in the global oxygen management market, accounting for 40.0% of the total in 2019. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the oxygen market will be the Middle East, and Africa, where growth will be at CAGRs of 3.5% and 3.4% respectively during 2019-2023. These will be followed by Eastern Europe, and South America, where the markets are expected to grow at CAGRs of 2.2% and 1.3% respectively.
The global oxygen market is highly concentrated, with small number of large players. The top ten competitors in the market made up to 49.8% of the total market in 2019. Major players in the market include Air Liquide, The Linde Group, Mitsubishi Chemical Holdings Corporation, Air Products and Chemicals Inc. and Yingde Gases.
The top opportunities in the oxygen market segmented by type will arise in the medical oxygen segment, which will gain $851.6 million of global annual sales by 2023.The top opportunities in the oxygen market segmented by application will arise in the healthcare segment, which will gain $851.6 million of global annual sales by 2023. The oxygen market size will gain the most in the China at $880.3 million
Market-trend-based strategies for the oxygen market include acquiring smaller companies to increase the market share, partnering with respirator product manufacturers to develop innovative products, developing customized air separation plants, and increasing the production capacities for pulp and paper industry oxygen gases. Player-adopted strategies in the oxygen market include investing in expanding manufacturing operations, improving infrastructure and in acquisitions and mergers to strengthen their service offerings.
Amidst the unprecedented outbreak of corona virus, governments across the world are advising people to stay indoors and practice social distancing, to reduce the spread of the pandemic. This has increased the short-term potential growth opportunities for the oxygen industry.
To take advantage of the opportunities, recommends the oxygen companies to focus on customized air separation plants, invest in IoT technology, invest in pulp and paper, expand in emerging markets, increase domestic production, provide competitively priced offerings, and collaborate with government organization.
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