Business opportunities in the oxygen industry in the next 5 years

Business opportunities in the oxygen industry in the next 5 years

The oxygen market has grown over the last few years. The global oxygen market currently stands at 386 billion. Oxygen accounted for the largest share (2.1%) of industrial gas revenue generation in 2020. Oxygen is used on polluted water and hazardous wastes and for the gasification process of coal. The use of large quantities of oxygen in various industries will increase the demand for industrial oxygen in the coming years. (BBGV652021)

The lifespan of a virus: The emergence of a life-threatening virus is not new to the world. But over time, that is likely to change. E.g. The polio virus was discovered in 1909. After 41 years, the vaccine was discovered. The HIV / AIDS virus was first detected in 1981. After many years, therapies and medicines became available. It takes 20-30 years to find a cure for any life threatening virus. Until then, the market for immediate therapies continues.



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