Published by FACT MR
Posted on September 23, 2021
5 min readLast updated: February 2, 2026
The high purity oxygen market in North America is set to exceed $44Bn by 2030, driven by demand from steel and chemical industries and enhanced by pipeline networks.
Attributed to high demand for high purity oxygen from a range of end-use industries, currently, the global high purity oxygen market accounts for nearly one-third of the global industrial gas market. Most demand has been driven by the steel industry, in which, over three-fourth of the steel is produced using high purity oxygen. Apart from the steel industry, the chemical industry has experienced higher growth as compared to other end-use segments. Growing demand for high purity oxygen in the chemical industry to increase reaction rate and yield efficiency will amplify market growth during the forecast period.
These aforementioned factors are projected to fuel the global high purity oxygen market at a CAGR of 6%, surpassing a market valuation of US$ 44.5 Bn by 2030-end.
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Fact.MR has segmented the high purity oxygen market on the basis of grade, supply, end use, and region.
Grade
Supply
End Use
Region
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says a Fact.MR analyst.
Increasing demand from end-use industries in order to sustain high profit margins in this competitive market, industrial giants have established huge pipeline networks to provide fast services to their consumers. This will not only help suppliers in the high purity oxygen market to maintain their margins but also provide end users with continuous reliable supply. For instance, Linde has established a pipeline network in its core regions, and in result, it supplies reliable and economic industrial gases to its high-end consumers. In order to align with this market trend, Taiyo Nippon Sanso Corporation successfully established a new underground piping network in 2019, which spans 20 kms in Vietnam’s southern region.
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Fact.MR, in its new offering, presents an unbiased analysis of the global high purity oxygen market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the high purity oxygen market on the basis of grade (industrial, medical, electronic, and others), supply (onsite & pipeline, merchant & bulk, and packaged), and end use (metal production & fabrication, chemicals & refinery, medical & healthcare, electronics, glass & ceramics, pulp & paper, and others), across five major regions.
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The post Sales of Medical Grade High Purity Oxygen In North America Is Estimated to Surpass US$ 44 Bn by 2030-end appeared first on The Cloud Tribune.
The article discusses the growth of the high purity oxygen market in North America, projected to surpass $44Bn by 2030.
Growth is driven by demand from the steel and chemical industries, and enhanced supply networks.
COVID-19 has significantly increased demand for medical grade oxygen.
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