Oxygen Market Definition

The oxygen market consists of the sales of oxygen by entities (organizations, sole traders or partnerships) that manufacture oxygen gas in compressed, liquid, and solid forms. Oxygen is used as medical oxygen for respiration, as industrial gas in different industries, and is also used in oxy-acetylene torches. Oxygen is a colorless non-metallic gas which is highly reactive in nature. Oxygen forms oxides with many compounds and other elements. It is widely used for industrial, medical, and scientific applications as an oxidizing agent or as a catalyst. Oxygen is available in cylinders, spray cans, containers, and other formats. Oxygen is generally produced by the air separation technique. Air and electric power are primary raw materials for producing oxygen. Air separation technologies are based on differences in boiling points, molecular weights, molecular size, and other properties. Air separation plants employ two basic types of process technology: cryogenic air separation plants and non-cryogenic separation plants.

Respiratory devices and equipment (therapeutic and diagnostic) are used to provide medication or assist a patient who is having difficulty in breathing and cannot achieve adequate oxygen levels to maintain life. Patients with respiratory disorders such as asthma, cystic fibrosis, chronic obstructive pulmonary disease, and acute respiratory distress syndrome require respiratory devices. The main types of respiratory devices and equipment are diagnostic devices, therapeutic devices, and monitoring devices. The diagnostic devices are used to diagnose respiratory-related issues. The various therapeutic devices are humidifiers, nebulizers, oxygen concentrators, positive airway pressure (PAP) devices, ventilators, and others. The diagnostic devices involved are spirometer, polysomnographs, and peak flow meters and monitoring devices are pulse oximeters, capnography, and gas analyzers. These provide applications in chronic obstructive pulmonary disease (COPD), asthma, obstructive sleep apnea (OSA), respiratory distress syndrome (RDS), cystic fibrosis, and pneumonia. These are used by hospitals, clinics, home care settings, and ambulatory service centres. The respiratory devices and equipment (therapeutic and diagnostic) market research report is one of a series of new reports from The Business Research Company that provides respiratory devices and equipment (therapeutic and diagnostic) market statistics, including respiratory devices and equipment (therapeutic and diagnostic) industry global market size, regional shares, competitors with a respiratory devices and equipment (therapeutic and diagnostic) market share, detailed respiratory devices and equipment (therapeutic and diagnostic) market segments, market trends and opportunities, and any further data you may need to thrive in the respiratory devices and equipment (therapeutic and diagnostic) industry. This respiratory devices and equipment (therapeutic and diagnostic) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global respiratory devices and equipment (therapeutic and diagnostic) market size will grow from $29.09 billion in 2022 to $32.76 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The respiratory devices and equipment (therapeutic and diagnostic) market size is expected to grow to $50.54 billion in 2027 at a CAGR of 11.5%. The global therapeutic respiratory devices and equipment market will be driven by the increase in diseases such as Chronic Obstructive Pulmonary Disease (COPD), asthma, and lung cancer. Growth in the geriatric population, tobacco consumption, allergens, and air pollutants increase the prevalence of respiratory diseases, in turn driving the global therapeutic respiratory devices market. According to World Health Organisation,4.9 million people die due to tobacco consumption, and smoking causes chronic obstructive pulmonary diseases (1 million deaths annually), cardiovascular and respiratory diseases (1.7 million deaths annually), and lung cancer (0.85 million deaths annually). According to an Italian journal, COPD in the U.S. is estimated to be 10% in the population aged 75 years or over. According to Asthma UK, 5.4 million people in the UK are currently receiving treatment for asthma out of these 1.1 million are children and 4.3 million are adults. A longer duration of time taken in the approval process of the respiratory devices is restricting the respiratory devices and equipment market growth. Before a new respiratory device is introduced to the market, it takes 7.2 months for the FDA approval process, which adds to development costs to be borne by device manufacturers, thus acting as a restraint hindering the market growth. For instance, FDA reviews about 4,000 submissions every year and takes about 3 to 6 months in clearing most of them. In addition to this, to reduce incidences associated with the respiratory devices and ensure that the devices are safe and have the least adverse reactions, the Medicines and Healthcare products Regulatory Agency (MRHA), UK regulates and monitors the devices by restricting devices for use and sending field safety notice to correct the devices. These stringent approval processes and regulatory policies may impact the respiratory devices and equipment market. Companies in the respiratory devices and equipment market are increasingly investing in enhanced mechanical ventilators for efficient patient management. These mechanical ventilators use artificial intelligence to improve patient management by examining, analyzing, integrating, and incorporating data from extensive sources. These AI-enabled devices ensure consistency even in the absence of expert personnel, improve patients' treatment, limit clinical mistakes, and predict prolonged mechanical ventilation by using artificial intelligence techniques. Some of the major companies offering intelligent mechanical ventilators such as Hamilton Medical AG, Koninklijke Philips N.V., and others. In June 2021, Philips respironics issued a voluntary recall notification after discovering potential health risks related to CPAP, BiPAP and Mechanical ventilator devices. The notification also included a field safety notice for users who did not intend to send the devices for repair. Major players in the respiratory devices and equipment market are Smiths Medical, Philips Healthcare, GE Healthcare, Chart Industries, Invacare Corporation, Fisher & Paykel Healthcare Limited, ResMed, Dragerwerk AG, Medtronic PLC., Masimo corp., and CareFusion Corporation. Asia-Pacific was the largest region in respiratory devices and equipment (therapeutic and diagnostic) market in 2022. Western Europe was the second-largest region in respiratory devices and equipment (therapeutic and diagnostic) market. The regions covered in respiratory devices and equipment (therapeutic and diagnostic) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the respiratory devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The respiratory devices and equipment (therapeutic and diagnostic) market consists of sales of instruments such as humidifiers, nebulizers, oxygen concentrators, positive airway pressure (PAP) devices, ventilators, spirometer, polysomnographs, peak flow meters, pulse oximeters, capnographs, and gas analyzers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global respiratory devices and equipment (therapeutic and diagnostic) market is segmented - 1) By Type: Diagnostic devices, Therapeutic devices, Monitoring devices 2)By End User: Hospitals, Clinics, Homecare settings, Ambulatory service centers, 3) By Therapeutic Devices: Humidifiers, Nebulizers, Oxygen concentrators, Positive Airway Pressure (PAP) Devices, Ventilators, Other Therapeutic Devices 4) By Diagnostic Devices: Spirometer, Polysomnographs, Peak Flow Meters 5) By Monitoring Devices: Pulse oximeters, Capnographs, Gas analyzers 6) By Application: Chronic Obstructive Pulmonary Disease (COPD), Asthma, Obstructive Sleep Apnea (OSA), Respiratory Distress Syndrome (RDS), Cystic Fibrosis, Pneumonia

The industrial gas refer to gaseous materials produced for use in industry such as industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also referred to as bulk gases or commodity gases. The main types of industrial gases are nitrogen, oxygen, carbon dioxide, hydrogen, and other types of industrial gases. Nitrogen is a nonmetallic chemical element that, under normal conditions, is a colorless, odorless, inert gas that makes up 78 percent of the Earth's atmosphere. It is primarily used in the industrial synthesis of ammonia, as a component of inert atmospheres, and as a refrigerant in liquid form. The modes of supply are bulk, packaging, and pipeline. The packaging includes cylinders, bottles, canisters, cartridges, cryogenic tanks/vessels, and other packaging. The end-user industries involved are chemicals, metallurgy, manufacturing, food and beverages, healthcare, and other end-user industries. The industrial gas market research report is one of a series of new reports from The Business Research Company that provides industrial gas market statistics, including industrial gas industry global market size, regional shares, competitors with an industrial gas market share, detailed industrial gas market segments, market trends and opportunities, and any further data you may need to thrive in the industrial gas industry. This industrial gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global industrial gas market grew from $128.62 billion in 2022 to $146.08 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial gas market is expected to grow to $238.77 billion in 2027 at a CAGR of 13.1%. New developments are taking place in healthcare with an increasing emphasis on a healthier and generally better quality of life. In addition to oxygen, nitrous oxide, nitric oxide, and other industrial gases like hydrogen, helium, and xenon are all being prepared for use in pharmaceutical-based products. Treatments and drug developments using induced pluripotent stem cells (IPS) are bringing a new added value to the industry through the application of systems using gases such as carbon dioxide and liquid nitrogen, which are indispensable for the cultivation and preservation of cells and tissues, driving demand for high-grade industrial gases. Interest rates globally are forecasted to rise in most of the developing and developed economies during the forecast period. This is expected to limit new investments in the market. Most countries across the world are raising interest rates to control inflation and also to limit the flow of capital out of the country. This is likely to affect new investments in terms of expansion, research, and development of new products. For instance, the US interest rates are expected to rise up to 3.5% by 2021. These factors are expected to have a negative impact on the market as borrowing money becomes expensive, thereby affecting the market's growth. Industrial gas companies are increasingly supplying carbon dioxide emitted from industrial facilities to greenhouses. CO2 emitted from power plants and refineries is stored in local capacities and empty natural gas fields and transported to greenhouses via pipelines. This process acts as an intelligent CO2 recycling solution and reduces the carbon footprint of greenhouses. Linde, for example, collects carbon dioxide from the Shell oil refinery near Rotterdam, Netherlands, and distributes it to over 580 greenhouses in Rotterdam and Amsterdam. This saves the combustion of 115 million cubic meters of natural gas and avoids emissions of 205,000 tons per year of CO2. Major companies in the industrial gas market include The Linde Group, Air Liquide, SIG Gases Berhad, Air Products and Chemicals Inc., Mitsubishi Chemical Holdings Corp, Air Water Inc., Taiyo Nippon Sanso Corporation, Messer Group GmbH, Iwatani Corporation, and Arkema SA. Asia-Pacific was the largest region in the industrial gas market in 2022. North America was the second-largest region in the industrial gas market. The regions covered in the industrial gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the industrial gas market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The industrial gas market consists of the sales of argon, ozone, neon, helium, krypton, methane, and nitrous oxide industrial gases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global industrial gas market is segmented - 1) By Type: Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas 2) By Mode of Supply: Bulk, Packaging, Pipe Line 3) By Packaging: Cylinders, Bottles, Canisters, Cartridges, Cryogenic Tanks/Vessels, Other Packagings 4) By End Userr Industry: Chemicals, Metallurgy, Manufacturing, Food & Beverage, Healthcare, Other End-User Industries

Oxygen is a colorless, non-metallic gas that is highly reactive in nature. Oxygen forms oxides with many compounds and other elements. The oxygen is used in various applications, such as steel mills to oxidize unwanted impurities in steel. Oxygen is also used in the food industry, medical oxygen for respiration, and oxy-acetylene torches. The main product types of oxygen are medical oxygen, industrial oxygen, and other product types. Medical oxygen is high purity oxygen that has been used for medical treatments and has been developed for use in the human body. Medical oxygen cylinders contain only high purity oxygen gas; no other gases are permitted in the cylinder to avoid contamination. The various applications are cosmetics, pharmaceuticals, automobiles, mining, and mineral processing applications. The various applications are the metallurgical industry, chemical industry, health care industry, and other applications. The oxygen market research report is one of a series of new reports from The Business Research Company that provides oxygen market statistics, including oxygen industry global market size, regional shares, competitors with an oxygen market share, detailed oxygen market segments, market trends and opportunities, and any further data you may need to thrive in the oxygen industry. This oxygen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global oxygen market size will grow from $34.83 billion in 2022 to $39.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oxygen market size is expected to grow from $62.36 billion in 2027 at a CAGR of 12.2%. The increasing prevalence of various diseases related to breathing problems has contributed to the global oxygen market’s growth by increasing the use of oxygen for medical purposes. Diseases such as Chronic Obstructive Pulmonary Disease (COPD) are more prevalent in the geriatric population. COPD is a type of obstructive lung disease that results in long-term breathing problems. COPD requires the use of an oxygen concentrator, which is a device that improves the level of oxygen in the blood of patients and addresses their breathing problems. According to the United Nations (UN), in 2020, there were an estimated 727 million people aged 65 years or over worldwide, and that number is expected to reach 1.5 billion by 2050. Thus, the increased number of such cases has spurred the demand for portable oxygen concentrators, which is therefore driving the oxygen market’s growth. Lack of safety measures adopted while handling oxygen in industries such as manufacturing, mining, etc. limits the growth of the oxygen market. Though oxygen is not flammable itself, it can cause other materials to catch fire. Excessive contact with liquid oxygen can cause severe skin and eye irritation and burns, as well as frostbite. Further, any leak in oxygen containers if kept in a poorly ventilated room can cause severe damage to life and property. For example, in June 2021, an oxygen tank explosion killed a man in Springfield, Missouri, the USA. Therefore, a lack of safety measures while handling oxygen negatively affects the oxygen market. Companies involved in the market are developing innovative ways to utilize oxygen in various industries such as medical, chemical, etc. The rising need among patients across healthcare services acts as a driving force for companies to find new innovative ways to improve oxygen delivery. In order to improve the oxygen delivery and to monitor the oxygen dosage of patients in respiratory care facilities, Camcon Medical introduced Binary Actuation Technology (BAT). BAT is an innovative solution that aids in providing accurate dosage and reduces wastage by providing cost-effective solutions to patients who require oxygen therapy. It is through such innovative methods that entities involved in the oxygen market are able to improve the economic benefit of the products. In August 2021, Linde, an Ireland-based chemical company, acquired HPS Gases for the amount of INR 27.5 crores. This acquisition of HPS Gases will strengthen its position and help it grow as an organization. HPS Gases is an India-based manufacturer of industrial gases. Major players in the oxygen market are Linde Group, Praxair Technology Inc., Air Liquide, Taiyo Nippon Sanso, Yingde Gases, Air Water Inc., Airgas Inc., Guangdong Haute Gas Co. Ltd., and Baosteel Metal Co. Ltd. Asia-Pacific was the largest region in the oxygen market in 2022. North America was the second-largest region in the global oxygen market. The regions covered in the global oxygen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the oxygen market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The oxygen market consists of the sales of oxygen in cylinders, spray cans, and containers used as a catalyst. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global oxygen market is segmented - 1) By Product Type: Medical Oxygen, Industrial Oxygen, Other Product Types 2) By Application: Cosmetics, Pharmaceutical, Automobiles, Mining, Mineral processing applications 3) By End User Industry: Metallurgical Industry, Chemical Industry, Health Care Industry, Other End Use Industries

Oxygen concentrators are devices that separate nitrogen and oxygen from the air in the environment and provide pure oxygen to the patient. These are used for supplying oxygen to patients suffering from respiratory diseases. The main types of oxygen concentrators are portable and stationary. Portable oxygen concentrators are smaller, more mobile, affordable, and can be easily moved from one place to another. The different technologies include pulse dose, continuous flow, and others. These oxygen concentrators are used for supplying oxygen for patients suffering from chronic obstructive pulmonary disease (COPD), lung cancer, pneumonia, other respiratory system diseases and are used by hospitals, home care, others. The oxygen concentrators market research report is one of a series of new reports from The Business Research Company that provides oxygen concentrators market statistics, including oxygen concentrators industry global market size, regional shares, competitors with a oxygen concentrators market share, detailed oxygen concentrators market segments, market trends and opportunities, and any further data you may need to thrive in the oxygen concentrators industry. This oxygen concentrators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global oxygen concentrators market size grew from $2.83 billion in 2022 to $3.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oxygen concentrators market size is expected to grow to $4.06 billion in 2027 at a CAGR of 7.8%. The increase in the prevalence of respiratory disorders across the globe contributes to the growth of the oxygen concentrators market. Globally, asthma and chronic obstructive pulmonary disease (COPD) are the most common chronic respiratory diseases. According to the Forum of International Respiratory Societies (FIRS), 384 million people suffer from COPD, and 3 million people die every year. Therefore, the increase in the prevalence of respiratory disorders is driving the growth of the oxygen concentrators market. Companies in the oxygen concentrators market are increasingly investing in technologies such as artificial intelligence and low-cost portable devices to improve the functionality of these oxygen concentrators. There has been a growing demand for portable, low-cost concentrators owing to the pandemic. For instance, in March 2021, a team of researchers at MIT’s Electrochemical Energy Lab (EEL) launched a low-cost portable concentrator that can be adopted in places with limited infrastructure and high demand. The companies such as Servotech Power Systems, an India-based manufacturer of LED lights and solar products is manufacturing the noiseless, lightweight, and portable oxygen concentrator equipment that provides a constant flow of oxygen and can be easily adjusted to meet the needs of the patient. In May 2021, OxyGo LLC, a manufacturer of portable oxygen concentrators, acquired LIFE Corporation for an undisclosed amount. Through this acquisition, OxyGo can offer services to compressed gas users, and the company can also expand its oxygen expertise by providing better products and services using LIFE corporation expertise. Life Corporation is an India-based company that manufactures portable emergency oxygen and CPR administration equipment. Major players in the oxygen concentrators market are Koninklijke Philips N.V., Invacare Corporation, DeVilbiss Healthcare LLC, Nidek Medical, Inogen, O2 Concepts, Teijin Limited, Supera Anesthesia Innovations, GCE Group, CAIRE Inc., Precision Medical Inc., ResMed, Linde, Longfian Scitech, and OxyGo. North America was the largest region in the oxygen concentrators market in 2022. Europe was the second-largest region in the oxygen concentrators market. The regions covered in the oxygen concentrators report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the oxygen concentrators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The oxygen concentrators market consists of sales of Compressed gas systems, Portable oxygen concentrators (POCs), and Liquid oxygen systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global oxygen concentrators market is segmented - 1) By Type: Portable, Stationary 2) By Technology: Pulse Dose, Continuous Flow, Other Technologies 3) By Application: Chronic Obstructive Pulmonary Disease (COPD), Lung Cancer, Pneumonia, Other Applications 4) By End User: Hospitals, Home Care, Other End Users

Oxygen scavengers, also known as oxygen absorbers, are a chemical substance used as a corrosion inhibitor in packaging, production separation, seawater injection systems, and oil and gas production facilities to reduce or completely remove oxygen from fluids and enclosed spaces. This prevents oxygen-induced corrosion. The main types of oxygen scavengers are metallic and non-metallic. Non-metallic oxygen scavengers use organic reducing agents such as water-soluble vitamins, ascorbate salts, or catechol. The different forms include sachets, canisters, bottle caps and labels, OS films and pet bottles, liquid form, and powder form. The several compositions include organic and inorganic and are used in various areas such as food and beverage, pharmaceuticals, power, oil and gas, chemicals, and pulp and paper. The oxygen scavengers market research report is one of a series of new reports from The Business Research Company that provides oxygen scavengers market statistics, including oxygen scavengers industry global market size, regional shares, competitors with an oxygen scavengers market share, detailed oxygen scavengers market segments, market trends and opportunities, and any further data you may need to thrive in the oxygen scavengers industry. This oxygen scavenger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global oxygen scavenger market size grew from $2.24 billion in 2022 to $2.45 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oxygen scavenger market size is expected to grow to $3.16 billion in 2027 at a CAGR of 6.6%. The increase in demand from the food and beverage industry is expected to propel the growth of the oxygen scavengers market going forward. The food industry involves the production, processing, preparation, conversion, preservation, and packaging of foodstuffs. Oxygen scavengers are added to the foods and beverages to reduce or completely remove dissolved oxygen to extend shelf life and maintain the original food quality. For instance, according to the Food Industry Association (FMI), in 2020, the food and beverage business has surpassed the health and beauty industry as the largest consumer packaged goods (CPG) segment (44%). Therefore, the increased demand from the food and beverage industry is driving the oxygen scavenger market growth. The introduction of new oxygen scavenger additives for polyester packaging has emerged as a key trend gaining popularity in the oxygen scavenger market. Major companies operating in the oxygen scavenger market are focused on developing new additives for polyester packaging to meet consumer demand and reinforce their position. For instance, in April 2020, Avient Corporation, a US-based polymer materials manufacturing company, launched ColorMatrixTM AmosorbTM 4020G. This ColorMatrix is an oxygen scavenger for rigid polyethylene terephthalate (PET) packaging that is non-nylon-based and low-haze. In July 2020, PolyOne Corporation, a US-based polymer materials manufacturing company, acquired Clariant and Clariant Chemicals India Ltd.’s colour masterbatch business in Germany for an undisclosed amount. With this acquisition, the two global leaders will form Avient, a firm that will focus on being a great place to work while also providing clients with long-term solutions. Clariant is a  Switzerland-based speciality chemicals company that manufactures oxygen scavengers. Major players in the oxygen scavenger market are Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant, Ecolab, Accepta Ltd., Arkema Group, Eastman Chemical Company, PolyOne Corporation, Henkel AG & Co. KGaA, Lonza, Aditya Birla Chemicals, ESSECO UK LIMITED, Kuraray Co. Ltd., MCC Chemicals, DOW Chemical Company, Conventya Inc., and Chemco Industries Inc. North America was the largest region in the oxygen scavenger market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxygen scavengers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the oxygen scavenger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The oxygen scavengers market consists of sales of sulphite, tannin, DEHA, and carbohydrazide in pouches, jars, and cans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global oxygen scavenger market is segmented - 1) By Type: Metallic, Non-Metallic 2) By Composition: Organic, Inorganic 3) By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder 4) By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper

The environmental testing equipment refer to various products and equipment primarily used to evaluate the dependability of multiple products and components under continuous exposure to a variety of environmental conditions. The purpose of the equipment is to detect and identify multiple contaminants that may impact the quality of the air, water, and soil. The main types of environmental testing equipment include chromatography products, mass spectrometers, molecular spectroscopy instruments, total organic carbon (TOC) analysers, dissolved oxygen analysers, conductivity sensors, turbidity meters, and pH Meters. Chromatography products refer to electronic systems designed for the separation of components or solutes of a mixture based on relative amounts of each solute between a moving liquid stream. They are used in water, air and soil testing by government agencies & municipal authorities, environmental testing laboratories, industrial facilities, commercial & residential facilities. The environmental testing equipment market research report is one of a series of new reports from The Business Research Company that provides environmental testing equipment market statistics, including environmental testing equipment industry global market size, regional shares, competitors with an environmental testing equipment market share, detailed environmental testing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the environmental testing equipment industry. This environmental testing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global environmental testing equipment market size grew from $1.04 billion in 2022 to $1.14 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The environmental testing equipment market size is expected to grow to $1.63 billion in 2027 at a CAGR of 9.4%. Rising levels of environmental pollution worldwide significantly contribute to the growth of the environmental testing equipment market. Rapid growth in industrialization and urbanization, wildfires, transportation, construction, and demonization has contributed to rising levels of environmental pollution across the globe. Governments across the globe are investing in environmental testing equipment to constantly monitor changes in air, water, and soil pollution and implement innovative policies to tackle challenges based on inputs from testing activitiesFor instance, according to the report published by Eurostat, a Luxembourg-based statistical office of the European Union, total general government spending on environmental protection in the EU in 2020 amounted to 0.9% of GDP, within this, 0.4% of GDP was spent on waste management,0.2% on waste water management, and 0.1% on each of the COFOG groups for pollution abatement, preservation of biodiversity and landscape and environmental management. Therefore, the rising level of environmental pollution is expected to boost demand for environmental testing equipment during the forecast period. Technological advancement is the key trend gaining popularity in the environmental testing equipment market. Major companies operating in the environmental testing equipment market focus on providing technologically advanced solutions to meet the end-customer demand and strengthen their market position across the globe. For instance, In June 2020, Agilent Technologies (US) introduced two new mass spectrometry (MS) products, the Agilent 6470B Triple Quadrupole LC/MS (6470 LC/TQ) system, and the Agilent Rapid Fire 400 system, to provide customers with greater sample throughput and reduced time to obtain findings by delivering even faster detection of target chemicals. In August 2020, Smiths Detection, a UK-based detection, and screening technologies company, acquired PathSensors for an undisclosed amount. Through this acquisition, Smiths Detection is focused on broadening its sensing capabilities across the CBRNE (chemical, biological, radiological, nuclear, and explosive) spectrum, and expanding its business across the globe. PathSensors is a USA-based provider of biotechnology solutions and environmental testing equipment’s. Major players in the environmental testing equipment market are Agilent Technologies Inc., Thermo Fisher Scientific Inc., Shimadzu Corporation, Waters Corporation, Bruker Corporation, PerkinElmer Inc., Merck KGaA, Teledyne Technologies Incorporated, INFICON, JEOL Ltd., SCIEX, Extech Instruments, Amphenol, and PathSensors, Inc. North America was the largest region in the environmental testing equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the environmental testing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The environmental testing equipment market consists of sales of sample prep equipment, temperature chambers, temperature chambers, biofuel analyzers, balances, evaporators, stability chambers, particle counters, refractometers, GC systems, autosamplers, and HPLC systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global environmental testing equipment market is segmented - 1) By Product: Chromatography Products, Mass Spectrometers , Molecular Spectroscopy Instruments, Total Organic Carbon (TOC) Analysers, Dissolved Oxygen Analysers, Conductivity Sensors, Turbidity Meters, pH Meters 2) By Application: Water Testing, Air Testing, Soil Testing 3) By End-Use Industry: Government Agencies and Municipal Authorities, Environmental Testing Laboratories, Industrial Facilities, Commercial & Residential Facilities

The cryogenic pump refers to a vacuum pump that captures gases and vapors by causing them to condensate on a cold surface. These are critical tools for powering up a variety of operations that use pure and mixed industrial gases. The cryogenic pump is used to handle, transport, and transfer cryogenic fluids. The main types of cryogenic pumps are positive displacement pumps and centrifugal pumps. The positive displacement pump refers to a mechanical device that displaces liquid by repeatedly enclosing a fixed volume and moving it mechanically through the system in a cyclic pumping action. The gas types are nitrogen, oxygen, argon, liquefied natural gas, and others gas types. The orientations are horizontal and vertical. Oil and gas end-users, metallurgy, power generation, chemicals and petrochemicals, marine, and other end-users The cryogenic pumps market research report is one of a series of new reports from The Business Research Company that provides cryogenic pumps market statistics, including cryogenic pumps industry global market size, regional shares, competitors with a cryogenic pumps market share, detailed cryogenic pumps market segments, market trends and opportunities, and any further data you may need to thrive in the cryogenic pumps industry. This cryogenic pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cryogenic pump market size grew from $2.14 billion in 2022 to $2.26 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The cryogenic pump market size is expected to grow to $2.82 billion in 2027 at a CAGR of 5.7%. The rise in electricity generation from renewable resources is expected to propel the growth of the cryogenic pump market going forward. Electricity generation from renewable resources refers to clean energy that is collected from renewable resources such as biomass energy, hydropower, geothermal power, wind energy, and solar energy. Cryogenic pumps are used to generate renewable electricity by the depressurization of high-pressure gases using power production equipment, resulting in the generation of electricity. For instance, in 2020, according to the International Energy Agency, a France-based global energy system intergovernmental organisation, renewable energy use increased by 3% in the year 2020 due to a 7% growth in electricity generation from renewable sources. Therefore, the rise in electricity generation from renewable resources is driving the cryogenic pump market. Technological innovation is the key trend gaining popularity in the cryogenic pump market. Major companies operating in the cryogenic pump market are focused on developing new technological solutions to strengthen their position. For instance, in December 2021, Edwards Vacuum, a UK-based company and provider of cryogenic pumps, launched a new cryopump for semiconductor applications, the CTI-Cryogenics On-Board IS 320F XVS. This product has unique features such as intelligent self-adjusting technology, variable speed motor and control system, and cryogenic heat load compensation that are designed to provide stable, consistent vacuum performance between regenerations. It is a sophisticated system control that ensures better process quality, vacuum consistency, and uptime while also delivering real-time system information for optimal array temperature management. In March 2021, Torishima Service Solutions Europe Ltd., a wholly owned subsidiary of Torishima Pump Manufacturing Co., acquired Cryo Pump Repairs Ltd for an undisclosed amount. Through this acquisition, Torishima Service Solutions Europe Ltd aimed at entering a new market with its pump experience and optimizing synergies. Cryo Pump Repairs Ltd is a Scotland-based company that is experienced in inspecting, maintaining, installing, and commissioning submerged motors and cryogenic pumps for the liquified gas industry for the past 30 years. Major players in the cryogenic pump market are Ebara Corporation, Fives Group SAS, Nikkiso Co., Ltd., PHPK Technologies, Ruhrpumpen Group, SHI Cryogenics Group, Trillium Flow Technologies, Sumitomo Heavy Industries Ltd., Barber-Nichols, CryoVation LLC., CS&P Technologies LP, KRYTEM Cryogenic Systems, SEHWA TECH INC., Vanzetti Engineering S.p.A., and Xinxiang Chengde Energy Technology Equipment Co., Ltd. Asia-Pacific was the largest region in the cryogenic pump market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this cryogenic pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cryogenic pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The cryogenic pump market consists of sales of centrifugal cryo pump, piston or reciprocating cryogenic pumps, and submerged pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cryogenic pump market is segmented - 1) By Type: Positive Displacement Pump, Centrifugal Pump 2) By Cryogen Type: Nitrogen, Oxygen, Argon, Liquefied Natural Gas, Other Cryogen Type 3) By Orientation: Horizontal, Vertical 4) By End-User: Oil And Gas, Metallurgy, Power Generation, Chemical And Petro Chemical, Marine, Other End-Users