산업용 산소 시장 규모, 점유율, 성장 분석 : 제품 유형별, 산소 순도별, 형태별, 용도별, 최종사용자별, 지역별 - 산업 예측(2025-2032년)

Industrial Oxygen Market size was valued at USD 53.1 billion in 2023 and is poised to grow from USD 59.26 billion in 2024 to USD 142.58 billion by 2032, growing at a CAGR of 11.6% during the forecast period (2025-2032).

The global industrial oxygen market is critical across various sectors, including metal fabrication and healthcare, where it acts as a reactant, oxidizer, and fuel gas. Growth within this market is largely driven by rising demand from the manufacturing industry, particularly in steel production and fabrication processes like oxy-gas welding. Major industries such as construction and automotive also significantly contribute to oxygen consumption. The healthcare sector emerged as another key player, particularly during the COVID-19 pandemic, as the demand for medical oxygen surged for critical treatments. Advancements in oxygen production and distribution technologies, including cryogenic distillation and on-site generation systems, have further enhanced the efficiency of supply chains, ensuring a reliable flow of industrial oxygen to meet escalating needs.

Top-down and bottom-up approaches were used to estimate and validate the size of the 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.

Industrial Oxygen Market Segments Analysis

Global Industrial Oxygen Market is segmented by Product Type, Oxygen Purity, Form, Usage, Application, End User and region. Based on Product Type, the market is segmented into Compressed Oxygen Gas and Liquefied Oxygen. Based on Oxygen Purity, the market is segmented into 99.9%, 99.99%, 99.995% and 99.999%. Based on Form, the market is segmented into Gas and Liquid. Based on Usage, the market is segmented into Primary Oxygen and Secondary Oxygen. Based on Application, the market is segmented into Steelmaking, Glass Production, Chemical Processing and Medical Use. Based on End User, the market is segmented into Automotive & Aerospace, Chemical Processing and Energy. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Industrial Oxygen Market

The healthcare sector serves as a key catalyst for the industrial oxygen market, given that oxygen plays an essential role in various scientific applications, including respiratory therapy, anesthesia, and emergency medical care. The rising incidence of respiratory diseases, alongside the aging global population, has led to an increasing demand for medical oxygen. Additionally, the COVID-19 pandemic has highlighted the critical need for a reliable oxygen supply in healthcare settings, significantly enhancing demand. This escalation underscores the vital importance of oxygen in medical practices and the overall growth trajectory of the industrial oxygen market.

Restraints in the Industrial Oxygen Market

A significant constraint affecting the industrial oxygen market is the fragility of its supply chain. The production of oxygen typically relies on sophisticated processes such as cryogenic distillation or pressure swing adsorption (PSA), necessitating advanced infrastructure and technology. Any disruptions within this supply chain, whether stemming from natural disasters, equipment failures, or logistical hurdles, can lead to shortages, thereby destabilizing the market. Such vulnerabilities highlight the importance of resilience in the supply chain to ensure a consistent and reliable flow of industrial oxygen to meet demand, as interruptions can significantly impact operational efficiency and overall market dynamics.

Market Trends of the Industrial Oxygen Market

The industrial oxygen market is experiencing a notable trend driven by the escalating demand for medical oxygen, a shift significantly amplified by the COVID-19 pandemic. As healthcare systems worldwide recognized the critical need for oxygen in treating respiratory ailments, there was a substantial uptick in the consumption of medical-grade oxygen. This surge prompted oxygen manufacturers and suppliers to pivot their operations, innovating technologies and enhancing distribution networks to meet the newfound demands. Consequently, this shift not only reflects the urgent requirements of healthcare but also indicates a broader impact on the overall industrial oxygen market dynamics, potentially reshaping future industry strategies and investments.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies
• Technological Advancement

Global Industrial Oxygen Market Size by Product Type & CAGR (2025-2032)

• Market Overview
• Compressed Oxygen Gas
• Liquefied Oxygen

Global Industrial Oxygen Market Size by Oxygen Purity & CAGR (2025-2032)

• Market Overview
• 99.9%
• 99.99%
• 99.995%
• 99.999%

Global Industrial Oxygen Market Size by Form & CAGR (2025-2032)

• Market Overview
• Gas
• Liquid

Global Industrial Oxygen Market Size by Usage & CAGR (2025-2032)

• Market Overview
• Primary Oxygen
• Secondary Oxygen

Global Industrial Oxygen Market Size by Application & CAGR (2025-2032)

• Market Overview
• Steelmaking
• Glass Production
• Chemical Processing
• Medical Use

Global Industrial Oxygen Market Size by End User & CAGR (2025-2032)

• Market Overview
• Automotive & Aerospace
• Chemical Processing
• Energy

Global Industrial Oxygen Market Size & CAGR (2025-2032)

• North America (Product Type, Oxygen Purity, Form, Usage, Application, End User)
  • US
  • Canada
• Europe (Product Type, Oxygen Purity, Form, Usage, Application, End User)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Product Type, Oxygen Purity, Form, Usage, Application, End User)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Product Type, Oxygen Purity, Form, Usage, Application, End User)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product Type, Oxygen Purity, Form, Usage, Application, End User)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Linde plc (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Liquide (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Messer Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Products and Chemicals, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Taiyo Nippon Sanso Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Air Water Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yingde Gases Group Company Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hangzhou Hangyang Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gulf Cryo (Kuwait)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SOL Group (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SIAD Group (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nippon Gases (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ellenbarrie Industrial Gases Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• INOX Air Products Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bhuruka Gases Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Praxair (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Matheson Tri-Gas, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Goyal MG Gases Pvt. Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Southern Industrial Gas Sdn Bhd (Malaysia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations