Product
Oxygen Price Trend and Forecast
Oxygen Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Oxygen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Oxygen Price Trend for H2 of 2022
The frail world economy, which was still buckling under the weight of the covid epidemic, was severely damaged by the global economic collapse that followed the Russia-Ukraine hostilities. An acute global energy price spike caused by the unheard-of jump in crude oil and petrol prices resulted in double-digit inflation.
The price trends of oxygen (gas) reached an all-time high due to rising upstream operational expenses and strong demand from the medical and industrial sectors.
The producer price index for manufactured oxygen increased dramatically in the USA, reflecting the impact of inflation and price increases on oxygen pricing. However, by the end of the final quarter of 2022, the index had stabilized.
Analyst Insight
Given the current market dynamics the prices of oxygen are expected to increase in the coming months. The rise in operational cost and high demand from the market are the major drivers of the oxygen price trend.
For the First Half of 2022
The worldwide economic meltdown unleashed in the aftermath of Russia-Ukraine confrontations led to disastrous effects on the fragile world economies which were still reeling under the pressure of covid pandemic. The unprecedented increase in crude oil and gas prices triggered an acute energy price worldwide giving rise to double-digit inflation.
Owing to the higher upstream operating costs and robust demand from the medical and industrial sector the price trends of oxygen (gas) reached an all-time high.
In the USA the producer price index for manufactured oxygen which averaged 390.07 at the start of the current year peaked around March averaging 460.28 thereby, indicating the effect of raised prices and inflation on oxygen prices. However, the index stabilized towards the second quarter and plateaued measuring 461.22 in June 2022.
Procurement Resource provides latest prices of Oxygen. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Oxygen is a colorless, odourless and tasteless gas. Life will exist there. Although it is noncombustible, combustible elements will be burned with its active help. Some substances that won't burn in the air will ignite when exposed to oxygen. Materials that burn in air will burn in oxygen more forcefully.
It is transported at pressures of 2000 psig or higher because it is a non-liquid gas. No flame can ignite pure oxygen. The canisters may violently burst and shoot into the air when exposed to fire or extreme heat for an extended period of time. Inhalation, resuscitation, and the creation of synthesis gas from coal all make use of oxygen.
Product Details
| Report Features | Details |
| Product Name | Oxygen |
| HS CODE | 28044000 |
| CAS Number | 7782-44-7 |
| Industrial Uses | Cutting of metals, Sewage treatment, Oxidising agent in missiles, Production of glass products |
| Chemical Formula | O2 |
| Synonyms | Molecular, oxygen |
| Molecular Weight | 31.999 g/mol |
| Supplier Database | The Linde Group, Air Liquide, Praxair Technology, Inc., TAIYO NIPPON SANSO, Airgas, Inc |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Oxygen by Recovery from Air
In general, this method of producing oxygen involves the cryogenic distillation of air. It uses a distillation column under the right circumstances. As a byproduct, it also creates nitrogen. High pressure causes it to create oxygen.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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