Oxygen is a chemical element with symbol O and atomic number 8. It is a member of the chalcogen group on the periodic table and is a highly reactive nonmetal and oxidizing agent that readily forms oxides with most elements as well as other compounds. By mass, oxygen is the third-most abundant element in the universe, after hydrogen and helium. At standard temperature and pressure, two atoms of the element bind to form dioxygen, a colorless and odorless diatomic gas with the formula O2. This is an important part of the atmosphere and diatomic oxygen gas constitutes 20.8% of the Earth's atmosphere. Additionally, as oxides the element also makes up almost half of the Earth's crust.
Oxygen was discovered independently by Carl Wilhelm Scheele, in Uppsala, in 1773 or earlier, and Joseph Priestley in Wiltshire, in 1774, but Priestley is often given priority because his work was published first. The name oxygen was coined in 1777 by Antoine Lavoisier, whose experiments with oxygen helped to discredit the then-popular phlogiston theory of combustion and corrosion. Its name derives from the Greek roots ὀξύς oxys, "acid", literally "sharp", referring to the sour taste of acids and -γενής -genes, "producer", literally "begetter", because at the time of naming, it was mistakenly thought that all acids required oxygen in their composition.
This report contains market size and forecasts of Oxygen in global, including the following market information:
Global Oxygen Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Oxygen Market Sales, 2017-2022, 2023-2028, (M m3)
Global top five Oxygen companies in 2021 (%)
The global Oxygen market was valued at 46240 million in 2021 and is projected to reach US$ 60150 million by 2028, at a CAGR of 3.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Medical Oxygen Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Oxygen include Linde Group, AirLiquide, Praxair, Air Product, Taiyo Nippon Sanso, Airgas, MESSER, Air Water and Yingde Gases, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Oxygen manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oxygen Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M m3)
Global Oxygen Market Segment Percentages, by Type, 2021 (%)
Medical Oxygen
Industrial Oxygen
Others
Global Oxygen Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M m3)
Global Oxygen Market Segment Percentages, by Application, 2021 (%)
Metallurgical Industrial
Chemical Industrial
Medical
Others
Global Oxygen Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M m3)
Global Oxygen Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oxygen revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Oxygen revenues share in global market, 2021 (%)
Key companies Oxygen sales in global market, 2017-2022 (Estimated), (M m3)
Key companies Oxygen sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Linde Group
AirLiquide
Praxair
Air Product
Taiyo Nippon Sanso
Airgas
MESSER
Air Water
Yingde Gases
HANGZHOU HANGYANG
SCGC
Baosteel Gases
Foshan Huate