Liquid Oxygen Market Report 2025 (Global Edition)

Global Liquid Oxygen Market Report 2025 Market Size Split by Application (Aerospace, Submarine, Gas Industries, Medical, Others), by Product Type (Vertical Tank Storage Type, Horizontal Tank Storage T...

Liquid Oxygen Market Report Description

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Liquid Oxygen Market Insights Video

Competitive Landscape of the Liquid oxygen Market

The competitive landscape of the liquid oxygen market is characterized by intense rivalry among key players vying for market share. Companies compete based on technological advancements in cryogenic storage and distribution, product reliability, and customer service. Pricing strategies, regulatory compliance, and geographic reach also influence competitive positioning. Innovation in sustainable practices and meeting stringent safety standards are increasingly important factors shaping competitiveness. Market leaders focus on expanding their product portfolios and enhancing operational efficiencies to maintain competitive edge in a dynamic industrial gases sector.

For instance, In April 2022, Linde entered into a new supply agreement with a prominent space launch company. Under the agreement, Linde will provide liquid oxygen and nitrogen sourced from its air separation plant located in Mims, Florida. This facility is undergoing significant expansion efforts aimed at boosting production capacity by up to 50%, with completion anticipated in 2023. The expanded capacity will not only fulfill the requirements of the new agreement but also cater to increasing demands from customers in aerospace, healthcare, manufacturing, food processing, and water treatment sectors.

(Source: https://www.linde.com/news-and-media/2022/linde-signs-new-supply-agreement-with-major-space-launch-company)

Top Companies Market Share in Liquid Oxygen Industry: (In no particular order of Rank)

• NAN YA PLASTICS
• Air Products and Chemicals
• Betterdeal Machineries
• Echo Gases
• Air Liquide
• SOUTHERN GAS
• EIGL
• Gaschem Kuwait
• BDM Cryofusion&Mandressi
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Liquid oxygen Market

Which Region Dominates the Liquid oxygen Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 due to its robust aerospace and defense sectors, where liquid oxygen is crucial for rocket propulsion systems. Additionally, the region's advanced healthcare infrastructure drives steady demand for medical oxygen. Technological innovations and investments in industrial applications further bolster market growth. Regulatory support for eco-friendly industrial practices also encourages adoption of liquid oxygen in manufacturing processes, enhancing regional market expansion.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Liquid oxygen market due to rapid industrialization, particularly in emerging economies like China and India. Increasing investments in infrastructure and manufacturing sectors drive demand for industrial gases, including liquid oxygen, for applications such as steel production and electronics manufacturing. Growth in healthcare infrastructure and rising awareness of environmental sustainability contribute to expanding medical and industrial oxygen markets in the region. Moreover, the region's expanding space programs and aerospace advancements provide additional opportunities for liquid oxygen consumption, further fueling market growth.

 

The current report Scope analyzes Liquid Oxygen Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Liquid Oxygen Market

According to Cognitive Market Research, the global liquid oxygen market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, The United States liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Increasing demand from aerospace and medical sectors, coupled with advancements in industrial processes requiring oxygen, will drive market growth.
• Canada's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Growth in healthcare applications and industrial expansion, particularly in mining and metallurgy, will boost demand for liquid oxygen. Mexico's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period.

Europe Liquid Oxygen Market

According to Cognitive Market Research, the global Liquid oxygen market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Rising adoption in healthcare for medical gases and increasing applications in industrial processes like welding and cutting will propel market growth.
• France's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. Germany's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. Strong growth in industrial manufacturing, including automotive and metallurgy, alongside expanding healthcare applications, will drive liquid oxygen demand. Italy's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 9.4% during the forecast period. Russia's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Spain's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Luxembourg's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.1% during the forecast period. Portugal's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. Greece's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. The Rest of Europe's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period.

Asia Pacific Liquid Oxygen Market

According to Cognitive Market Research, the global Liquid oxygen market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, China's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Rapid industrialization, growth in steel production, and increasing healthcare infrastructure investments will fuel demand for liquid oxygen.
• Japan's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. India's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. Expanding healthcare facilities, coupled with growth in metal fabrication and chemical industries, will contribute to rising liquid oxygen sales. South Korea's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. Australia's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. South East Asia's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. The Rest of Asia Pacific's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period.

South America Liquid Oxygen Market

According to Cognitive Market Research, the global Liquid oxygen market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, Brazil's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Increasing adoption in medical applications and growth in industrial sectors such as mining and chemicals will drive demand for liquid oxygen.
• Argentina's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Rising demand in industrial applications, including metal processing and food preservation, will boost the market for liquid oxygen. Colombia's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.7% during the forecast period. Peru's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 11.1% during the forecast period. Chile's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. The Rest of Latin America's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period.

Middle East Liquid Oxygen

According to Cognitive Market Research, the global liquid oxygen market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• The GCC Countries' liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Growth in healthcare infrastructure, expanding industrial sectors, and increasing applications in oil and gas industries will drive liquid oxygen sales.
Egypt's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. South Africa's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. Expansion in mining operations, rising demand for oxygen in medical facilities, and growth in industrial activities will lead to increased sales of liquid oxygen. Turkey's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.7% during the forecast period. Nigeria's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. The Rest of MEA's liquid oxygen market had a market size of USD XX million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period.

Liquid Oxygen Market Analysis

Liquid oxygen Market Application Segment Analysis

According to Cognitive Market Research, aerospace stands out as the dominating category due to increasing space exploration missions globally. The demand for liquid oxygen remains high as it is essential for rocket propulsion systems, ensuring reliable and efficient launches. Additionally, advancements in satellite technology and commercial space ventures continue to drive sustained demand. The aerospace sector's stringent requirements for high-purity oxygen further solidify its position as a key market driver.

Gas industries emerges as the fastest-growing category in the liquid oxygen market driven by expanding applications in industrial processes. The rising demand for clean energy solutions and the shift towards sustainable manufacturing practices boost the adoption of liquid oxygen. Moreover, growth in sectors such as steel production, chemical manufacturing, and electronics drives demand for oxygen as a critical component. Technological advancements in cryogenic storage and distribution systems also facilitate the increased use of liquid oxygen across diverse industrial applications.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Liquid Oxygen Industry. Request a Free Sample PDF!

Liquid oxygen Market Product Type Segment Analysis

According to Cognitive Market Research, the dominating category is vertical tank storage type due to their efficiency in large-scale industrial applications. These tanks offer substantial storage capacity and are preferred in industries requiring bulk oxygen supply, such as steel manufacturing and chemical processing. Advancements in tank design enhance safety features and operational reliability, further driving their adoption. Additionally, regulatory incentives promoting eco-friendly practices favor vertical tank solutions, boosting their market penetration and sustaining their dominance.

The fastest-growing category in the liquid oxygen market is horizontal tank storage type. These tanks are favored in industries needing compact storage solutions, such as healthcare facilities and research laboratories. Increasing investments in healthcare infrastructure and research activities amplify their demand. Moreover, technological innovations improving tank efficiency and safety standards support their accelerated adoption. The flexibility of horizontal tanks in accommodating diverse operational needs further propels their market growth trajectory.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Liquid Oxygen Sales channel Segment Analysis

Liquid oxygen Market Sales channel Segment Analysis

According to Cognitive Market Research, the dominating category is indirect due to their ability to reach a broad customer base through distributors and resellers. These channels provide logistical support and localized expertise, essential for serving diverse industrial sectors. Market expansion into new geographical regions and industries benefits from the extensive network and market knowledge offered by indirect channels. Additionally, partnerships with regional distributors enhance market penetration, contributing to sustained growth and customer satisfaction.

The fastest-growing category in the liquid oxygen market is direct due to increasing demand for customized solutions and direct customer engagement. These channels offer tailored services and technical support, crucial for industries requiring specialized oxygen applications such as aerospace and healthcare. Direct channels capitalize on technological advancements in e-commerce and customer relationship management, streamlining transactions and enhancing service delivery. Moreover, direct sales facilitate quicker response times and product customization, meeting evolving customer needs and driving market growth.

• Direct
• Indirect

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion