1. What is the projected Compound Annual Growth Rate (CAGR) of the High-purity Oxygen for Industrial Use?
The projected CAGR is approximately 4.0%.
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High-purity Oxygen for Industrial Use by Type (99.5%-99.995%, >99.995%), by Application (Metallurgy, Welding and Cutting, Chemical, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global high-purity oxygen for industrial use market registered a value of USD 671.3 million in 2025 and is projected to rise at a CAGR of 4.0% during the forecast period of 2025-2033. The growth of the market is primarily driven by the increasing demand for oxygen in various industrial applications, including metallurgy, welding and cutting, and chemical processing. The growing adoption of advanced technologies, such as laser cutting and plasma welding, is also fueling the demand for high-purity oxygen.
Regionally, Asia-Pacific accounted for the largest share of the global high-purity oxygen for industrial use market in 2025, and is projected to maintain its dominance throughout the forecast period. The growing industrialization and urbanization in the region, particularly in countries such as China and India, is driving the demand for high-purity oxygen. Moreover, the presence of a large number of steel and metal fabrication industries in the region is further contributing to the market growth. North America and Europe are also significant markets for high-purity oxygen, due to the presence of well-established industrial sectors.
The global high-purity oxygen for industrial use market is projected to reach a whopping $25 billion by 2025, growing at a remarkable 6.5% CAGR from 2018 to 2025. This surge in demand can be attributed to the burgeoning steel and metallurgy industries, particularly in developing economies like China and India. Additionally, the increasing adoption of high-purity oxygen in the healthcare sector for medical gases and as an adjuvant therapy in pulmonary disorders is fueling market growth.
The high-purity oxygen for industrial use market is primarily driven by the following factors:
Despite the promising growth prospects, the high-purity oxygen for industrial use market faces certain challenges:
Asia-Pacific is expected to dominate the high-purity oxygen for industrial use market throughout the forecast period, accounting for over 60% of the global market share. This dominance is primarily attributed to the rapid industrialization and growth of the steel and chemical industries in China and India. Other countries in the region, such as Japan and South Korea, also contribute significantly to the market due to their advanced healthcare systems and manufacturing sectors.
The metallurgy segment is projected to account for the largest share of the high-purity oxygen for industrial use market. Oxygen plays a crucial role in steel production processes, specifically in basic oxygen furnaces (BOF) and electric arc furnaces (EAF). The increasing demand for steel from construction, automotive, and other industries drives the consumption of high-purity oxygen in this segment.
The high-purity oxygen for industrial use market is highly competitive, with several major players accounting for a significant market share. Here are some of the leading companies:
The high-purity oxygen for industrial use sector is constantly evolving, with significant developments aimed at enhancing efficiency, safety, and sustainability. Here are some noteworthy advancements:
This comprehensive report on the high-purity oxygen for industrial use market provides an in-depth analysis of the market dynamics, key trends, drivers, challenges, and growth opportunities. It also includes detailed profiles of leading players, significant developments, and future prospects of the industry.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 4.0% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.0%.
Key companies in the market include Linde Group, AirLiquide, Praxair, Air Product, Taiyo Nippon Sanso, Airgas, MESSER, Air Water, Yingde Gases, Hangzhou Hangyang, SCGC, Baosteel Gases, Guangdong Huate Gas, Chengdu Dongfeng Industrial Gases, Shenzhen Hengdaxing Industrial Gases, Xianyang Ruixiang Industrial Gases, .
The market segments include Type, Application.
The market size is estimated to be USD 671.3 million as of 2022.
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The market size is provided in terms of value, measured in million and volume, measured in K.
Yes, the market keyword associated with the report is "High-purity Oxygen for Industrial Use," which aids in identifying and referencing the specific market segment covered.
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