Market Overview:
The global liquid oxygen market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for liquid oxygen from the aerospace, submarine, gas industries, and medical sectors. Additionally, the growing demand for liquid oxygen in emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing liquid oxygen may restrain the growth of this market during the forecast period.
Product Definition:
Liquid oxygen is a colorless, odorless, and tasteless liquid that is slightly denser than water. It boils at −183.3 °C (−297.7 °F) and freezes at −218.79 °C (−361.36 °F). Liquid oxygen is used in the production of rocket propellants and as a cryogenic refrigerant.
Vertical Tank Storage Type:
The vertical tank storage type is used to store liquid oxygen in steel or concrete tanks. It has the advantage of being able to be located close to the floor, which reduces the overall weight of the system and makes it easier for people with limited mobility. The liquid oxygen market is expected to grow at a significant rate owing to increasing demand from various end-use industries such as oil & gas, metal manufacturing, power generation and others.
Horizontal Tank Storage Type:
Horizontal tank storage type is used for storing liquid oxygen in steel or concrete tanks. It is a safe and secure way to store the gas at high pressure. The liquid oxygen stored in horizontal tanks can be utilized for an emergency as well as for regular use depending on the requirements of customers.
The major advantages associated with this storage type include easy handling, transportation, installation and maintenance among others.
Application Insights:
The application segment includes aerospace, submarine, gas industries, medical and others. The demand for LOX in the aerospace industry is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to its superior properties including low toxicity and volatility as compared with other cryogenic fluids such as liquid hydrogen or liquid nitrogen. It is also used in the manufacture of aircraft components including turbines, rotary blades and compressors due to its low boiloff nature which further drives market growth during the forecast period.
Liquid oxygen has wide applications in several industries such as steel making; paper bleaching; chemical synthesis; oil refining; food processing etc., owing to its ability to remove toxic gases such as carbon monoxide or hydrocarbons from flue gas emission by burning fossil fuels power plants which are then captured using an Oxygen Concentration Cell (OCC).
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2017 and is anticipated to witness significant growth over the forecast period. The region has been witnessing increasing demand for liquid oxygen from various end-use industries such as aerospace, automotive, energy, food & beverage and others. This can be attributed to rapid industrialization along with growing population in countries such as China and India.
The Asia Pacific market accounted for a share of more than 35% of the global revenue in 2017 owing to its high demand from several end-use industries coupled with rising disposable income among consumers especially in emerging economies including China and India. Moreover, government initiatives encouraging domestic manufacturing are expected to drive industry expansion over the next eight years which will further propel market growth during the forecast period.
Growth Factors:
- Increasing demand for Liquid Oxygen in medical and healthcare sector for various applications such as cryotherapy, wound treatment, and oxygen therapy.
- Rising demand from the metal fabrication industry for use in welding and cutting processes.
- Growing popularity of Liquid Oxygen as a fuel source for rocket propulsion systems owing to its high specific impulse value.
- Increasing adoption of Liquid Oxygen across various end-use industries such as chemical processing, food & beverage, and transportation due to its properties such as non-toxicity and low reactivity with other substances.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Oxygen Market Research Report
By Type
Vertical Tank Storage Type, Horizontal Tank Storage Type
By Application
Aerospace, Submarine, Gas Industries, Medical, Others
By Companies
NAN YA PLASTICS, Air Products and Chemicals, Betterdeal Machineries, Echo Gases, SOUTHERN GAS, EIGL, Gaschem Kuwait, BDM Cryofusion?Mandressi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Oxygen Market Report Segments:
The global Liquid Oxygen market is segmented on the basis of:
Types
Vertical Tank Storage Type, Horizontal Tank Storage Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Submarine, Gas Industries, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NAN YA PLASTICS
- Air Products and Chemicals
- Betterdeal Machineries
- Echo Gases
- SOUTHERN GAS
- EIGL
- Gaschem Kuwait
- BDM Cryofusion?Mandressi
Highlights of The Liquid Oxygen Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vertical Tank Storage Type
- Horizontal Tank Storage Type
- By Application:
- Aerospace
- Submarine
- Gas Industries
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid Oxygen Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Liquid oxygen is a colorless, odorless gas that is used in many industrial and medical applications. It is also used as an oxidizer in rocketry.
Some of the key players operating in the liquid oxygen market are NAN YA PLASTICS, Air Products and Chemicals, Betterdeal Machineries, Echo Gases, SOUTHERN GAS, EIGL, Gaschem Kuwait, BDM Cryofusion?Mandressi.
The liquid oxygen market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid Oxygen Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquid Oxygen Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquid Oxygen Market - Supply Chain
4.5. Global Liquid Oxygen Market Forecast
4.5.1. Liquid Oxygen Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquid Oxygen Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquid Oxygen Market Absolute $ Opportunity
5. Global Liquid Oxygen Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Liquid Oxygen Market Size and Volume Forecast by Type
5.3.1. Vertical Tank Storage Type
5.3.2. Horizontal Tank Storage Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquid Oxygen Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Liquid Oxygen Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Submarine
6.3.3. Gas Industries
6.3.4. Medical
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquid Oxygen Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Liquid Oxygen Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Liquid Oxygen Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Liquid Oxygen Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Liquid Oxygen Demand Share Forecast, 2019-2026
9. North America Liquid Oxygen Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Liquid Oxygen Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Liquid Oxygen Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Submarine
9.4.3. Gas Industries
9.4.4. Medical
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquid Oxygen Market Size and Volume Forecast by Type
9.7.1. Vertical Tank Storage Type
9.7.2. Horizontal Tank Storage Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Liquid Oxygen Demand Share Forecast, 2019-2026
10. Latin America Liquid Oxygen Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Liquid Oxygen Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Liquid Oxygen Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Submarine
10.4.3. Gas Industries
10.4.4. Medical
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquid Oxygen Market Size and Volume Forecast by Type
10.7.1. Vertical Tank Storage Type
10.7.2. Horizontal Tank Storage Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Liquid Oxygen Demand Share Forecast, 2019-2026
11. Europe Liquid Oxygen Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Liquid Oxygen Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Liquid Oxygen Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Submarine
11.4.3. Gas Industries
11.4.4. Medical
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquid Oxygen Market Size and Volume Forecast by Type
11.7.1. Vertical Tank Storage Type
11.7.2. Horizontal Tank Storage Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Marke Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Liquid Oxygen Demand Share, 2019-2026
12. Asia Pacific Liquid Oxygen Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Liquid Oxygen Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Liquid Oxygen Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Submarine
12.4.3. Gas Industries
12.4.4. Medical
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquid Oxygen Market Size and Volume Forecast by Type
12.7.1. Vertical Tank Storage Type
12.7.2. Horizontal Tank Storage Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Liquid Oxygen Demand Share, 2019-2026
13. Middle East & Africa Liquid Oxygen Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Liquid Oxygen Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Liquid Oxygen Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Submarine
13.4.3. Gas Industries
13.4.4. Medical
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Liquid Oxygen Market Size and Volume Forecast by Type
13.7.1. Vertical Tank Storage Type
13.7.2. Horizontal Tank Storage Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Liquid Oxygen Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Liquid Oxygen Market: Market Share Analysis
14.2. Liquid Oxygen Distributors and Customers
14.3. Liquid Oxygen Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NAN YA PLASTICS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Air Products and Chemicals
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Betterdeal Machineries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Echo Gases
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SOUTHERN GAS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EIGL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gaschem Kuwait
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BDM Cryofusion?Mandressi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
