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Industrial Oxygen Market Size, Share Global Analysis Report, 2020–2026

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Industrial Oxygen Market By Type (Compressed Oxygen, Refrigerated Liquid, and Others) and By Application (Combustion, Oxidation, Ferment, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026

Industry Insights

The Industrial Oxygen market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Industrial Oxygen market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Industrial Oxygen industry. The report analyzes and declares the historical and current trends analysis of the Industrial Oxygen industry and subsequently recommends the projected trends anticipated to be observed in the Industrial Oxygen market during the upcoming years.

Industrial Oxygen Market Size

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logoKey Insights from Primary Research

  • It was recognized from primary research that the Industrial Oxygen market was valued at around USD 11 Billion in 2019
  • Based on segmentation by type, “Refrigerated Liquid” was the leading revenue-generating category in 2019.
  • Based on segmentation by application, the “Industrial” category was the leading revenue-generating in 2019.
  • The Asia Pacific held the largest market share of industrial oxygen in terms of revenue around USD 11 Billion in 2019 owing to investors' prefer to invest in the manufacturing, chemical, and industrial companies of Asia Pacific.
  • According to our primary respondents, the Industrial Oxygen market is projected to grow at a rate of around 7%

logoKey Recommendations from Analysts

  • Refrigerated Liquid is expected to hold the largest market share in the forecasted time owing to the wide use of liquid industrial oxygen. Industrial oxygen is used in the industrial as well as in the medical field. The Middle East and African market are estimated to have moderate demand due to the average GDP growth rate.
  • The industrial category is expected to fetch maximum revenue owing to the momentous demand for oxygen by the industries. The steel industry generates predominant demand for industrial oxygen.
  • North America is expected to remain in the second rank followed by Europe. Latin America and the Middle East are expected to grow at a moderate to lower rate owing to moderate investment growth of the Industrial and infrastructure sector.
  • As per our analysts, Asia Pacific is expected to have a momentous demand for Industrial Oxygens in the forthcoming time due to investors preferring to invest in the manufacturing, chemical, and industrial companies of Asia Pacific.

logoIndustrial Oxygen Market Share in 2019, by Type

Industrial Oxygen Market

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The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Industrial Oxygen industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Industrial Oxygen industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Industrial Oxygen market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Industrial Oxygen industry. The Industrial Oxygen market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the Industrial Oxygen sector. Key strategic developments in the Industrial Oxygen market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Industrial Oxygen market are appropriately highlighted in the report.

The Industrial Oxygen market research report delivers an acute valuation and taxonomy of the Industrial Oxygen industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Industrial Oxygen industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Industrial Oxygen industry is provided for the leading economies of the world.

The Industrial Oxygen market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into Compressed Oxygen, Refrigerated Liquid, and Others. In terms of Application segmentation, the market is bifurcated into Combustion, Oxidation, Ferment, and Others.

logoReport Scope

Report Attribute


Market Size in 2019

USD 10.84 Billion

Projected Market Size in 2026

USD 187.11 Billion

CAGR Growth Rate

7.09% CAGR

Base Year


Forecast Years


Key Market Players

Air Products and Chemicals Inc., Norco, Linde AG, SOL Group, Southern Industrial Gas Berhad, Praxair, Air Liquide, Gulf Cryo, Matheson Gas, Nexair LLC, Messer Group, Taiyo Nippon Sanso, and Others.

Key Segment

By Type, By Application, By Segmentation

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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logoCompetitive Players

Some of the essential players operating in the Industrial Oxygen market, but not restricted to include :

  •  Air Products and Chemicals Inc.
  •  Norco
  •  Linde AG
  •  SOL Group
  •  Southern Industrial Gas Berhad
  •  Praxair
  •  Air Liquide
  •  Gulf Cryo
  •  Matheson Gas
  •  Nexair LLC
  •  Messer Group
  •  Taiyo Nippon Sanso

The taxonomy of the Industrial Oxygen industry by its scope and segmentation is as follows:

logo By Type Segmentation Analysis (Customizable)

  • Compressed Oxygen
  • Refrigerated Liquid
  • Others

logo By Application Segmentation Analysis (Customizable)

  • Combustion
  • Oxidation
  • Ferment
  • Others

logo Regional Segmentation Analysis (Customizable)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Industry Major Market Players

  •  Air Products and Chemicals Inc.
  •  Norco
  •  Linde AG
  •  SOL Group
  •  Southern Industrial Gas Berhad
  •  Praxair
  •  Air Liquide
  •  Gulf Cryo
  •  Matheson Gas
  •  Nexair LLC
  •  Messer Group
  •  Taiyo Nippon Sanso