Industrial oxygen is produced by air separation processes. The application of oxygen stem is mainly on its oxidizing and life-sustaining properties.
Scope of the Report:
Industrial gases are used in a variety of purity grades and for a wide range of purposes, including food gases and medical gases. Industrial gases can make production processes safer and more cost-effective and improve product quality. They often contribute to environmental protection. Some processes and applications would even be inconceivable without the chemical properties of gases. Oxygen is one of the most widely used gases. Among various applications, the steel industry accounts for the largest consumption share of industrial oxygen, which was 47.56%.
According to its production process, industrial gases can be dived into atmospheric gases and process gases. For atmospheric gases, the raw material is air and the key production unit is air separation plant. Oxygen is mainly produced via an air separation plants. When considering the industry oxygen supply mode, three modes are preferred: on-site, bulk/merchant and packaged/cylinder. Each supply mode has its own characteristics and all industrial gas manufacturers operate their gas business under the three modes. Globally, on-site type oxygen accounts for about 50%.
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The report forecasts the global Industrial Oxygen market to grow to reach $$ Million USD in 2019 with a CAGR of –% during the period 2020-2025.
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