Attributed to high demand for high purity oxygen from a range of end-use industries, currently, the global high purity oxygen market accounts for nearly one-third of the global industrial gas market. Most demand has been driven by the steel industry, in which, over three-fourth of the steel is produced using high purity oxygen. Apart from the steel industry, the chemical industry has experienced higher growth as compared to other end-use segments. Growing demand for high purity oxygen in the chemical industry to increase reaction rate and yield efficiency will amplify market growth during the forecast period.
These aforementioned factors are projected to fuel the global high purity oxygen market at a CAGR of 6%, surpassing a market valuation of US$ 44.5 Bn by 2030-end.
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High Purity Oxygen Market – Scope of Report:
A latest publication by Fact.MR on the global High Purity Oxygen market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.
The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.
The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.
Important indicators for the successful growth of the High Purity Oxygen market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.
This research study can support readers to know the demand for High Purity Oxygen supplements, and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.
Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.
Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders
A positive flow of investments from pharmaceutical giants is likely to propel the development of High Purity Oxygen and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.
Market leaders in High Purity Oxygen such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing High Purity Oxygen through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.
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Report benefits & key questions answered
- Post covid consumer spending on High Purity Oxygen : the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- High Purity Oxygen demand outlook: the market intelligence study reports highlights the factor propelling the demand for Synthetic Cannabinoids. As per the study, the demand for High Purity Oxygen will grow through 2029.
- High Purity Oxygen historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
- High Purity Oxygen consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consmption pattern of the customers.
High Purity Oxygen Market Segmentations:
Grade
- Industrial Grade
- Medical Grade
- Electronic Grade
- Others
Supply
- Onsite & Pipeline
- Merchant & Bulk
- Packaged
End Use
- Metal Production & Fabrication
- Chemicals & Refinery
- Medical & Healthcare
- Electronics
- Glass & Ceramics
- Pulp & Paper
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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