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75% of sales in the high-purity oxygen market will be concentrated in industrial-grade areas

The High Purity Oxygen report released by Fact.MR delves into key observations about the significant expansion parameters that will prevail in key areas over the next decade. The report also provides in-depth information on major growth drivers, trends and opportunities, including leading market segments such as grade, supply, and end use in seven regions.

New York, December 6, 2021/PRNewswire/ - Fact.MR-a market research and competitive intelligence provider: According to Fact.MR, the global high-purity oxygen market is expected to grow healthily at a compound annual growth rate of 6%. Exceed the forecast between 2020 and 2030. Increasing the application of high-purity oxygen in the steel, medical, paper and chemical industries will boost sales.

High-purity oxygen is widely used in the steel industry, metal manufacturing, welding, etc. With more and more applications in various end-use fields, the high-purity oxygen market is expected to account for more than one-third of the global industrial market.

According to Fact.MR, because high-purity oxygen has a low melting point and boiling point, and has excellent stability at room temperature, it is widely used in the healthcare and steel industries. Due to its above-mentioned characteristics, more than 3/4 of the steel is produced using high purity oxygen.

In addition to the steel industry, the chemical industry is the second largest terminal industry, and the high-purity oxygen market is growing rapidly. Countries such as India, the United States, Germany, and Belgium are adopting pipeline networks, driving market growth.

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From a regional perspective, East Asia is expected to dominate the global high-purity oxygen market. Although China is expected to lead the market, it is expected that South Korea and Japan will together account for 10% of steel production, and sales will grow at a compound annual growth rate of 6%.

"The major players in the global high-purity oxygen market are cooperating with manufacturers in the chemical and steel industries to establish extensive natural gas pipeline networks in India, China, Japan, and South Korea. This is expected to create growth opportunities for market participants, especially in the Asia-Pacific region. ," Fact.MR analyst said.

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According to Fact.MR, the global high-purity oxygen market is expected to be substantially integrated. Tier 1 players are expected to dominate the global market, occupying nearly 60%-70% of the market share.

The goal of these leading companies is to adopt organic and inorganic strategies, such as mergers, acquisitions, and product development, to gain a competitive advantage in the industry. E.g,

The main players in the high purity oxygen market include:

More valuable insights on the high purity oxygen market

Fact.MR conducted a fair analysis of the high purity oxygen market, providing historical demand data (2014-2019) and forecast statistics for the period 2020-2030. The research revealed deep insights into the global high-purity oxygen market and detailed breakdowns based on the following:

Key issues covered in the high purity oxygen market report

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