Canada
Liquid Oxygen Market is expected to grow impressively through 2028 due to the increasing
demand from the healthcare sector in the country. As of April 23, 2021, United
States daily oxygen production volume was nearly 18,500 metric tons.
Liquid
oxygen is a fascinating substance that holds immense potential in various
industries, from space exploration and healthcare to metallurgy and propulsion
systems. As the liquid form of oxygen, it offers unique properties and
characteristics that make it indispensable in many scientific, industrial, and
medical applications. Liquid oxygen (LOX) is a pale blue, highly reactive
substance obtained by cooling and compressing gaseous oxygen to extremely low
temperatures. It has a boiling point of -183 degrees Celsius (-297 degrees
Fahrenheit) and becomes a pale blue liquid at atmospheric pressure. Below its
boiling point, it remains in a liquid state.
One
of the most remarkable properties of liquid oxygen is its high oxygen content.
LOX is denser than gaseous oxygen, with a density of approximately 1.141 grams
per cubic centimeter. This increased density allows for greater amounts of
oxygen to be stored and transported efficiently. Another important
characteristic of liquid oxygen is its extreme coldness. Handling liquid oxygen
requires careful attention due to its cryogenic properties. When exposed to
atmospheric pressure or a warmer environment, it rapidly vaporizes into gaseous
oxygen. This rapid phase transition can lead to the release of large volumes of
gas and an increased risk of fire or explosion.
Liquid
oxygen plays a vital role in medical settings, particularly for patients with
respiratory conditions. It is commonly used in home oxygen therapy, where it is
stored in portable containers and delivered to patients through nasal cannulas
or masks. Liquid oxygen ensures a constant supply of high-purity oxygen for
patients, improving their ability to breathe and enhancing overall well-being.
The
aerospace industry heavily relies on liquid oxygen as an oxidizer for rocket
propellants. It combines with liquid hydrogen or kerosene to create a powerful
combustion reaction, providing the thrust required for space exploration.
Liquid oxygen's high density and oxygen content make it ideal for this purpose,
enabling efficient fuel storage and combustion in rocket engines.
Liquid
oxygen finds applications in water treatment processes. It can be used to
oxidize contaminants, remove odors, and promote the growth of beneficial bacteria
in wastewater treatment plants. Additionally, liquid oxygen is employed in
environmental remediation efforts to eliminate pollutants and improve air
quality.
Canada
is a country renowned for its technological advancements, healthcare systems,
and industrial capabilities. Within this landscape, the liquid oxygen market in
Canada has witnessed significant growth and development in recent years. Liquid
oxygen, a versatile and essential resource, finds applications in various
sectors, including healthcare, aerospace, metallurgy, and water treatment.
Canadian
liquid oxygen market has experienced steady growth, driven by the increasing
demand for medical and industrial oxygen supply. Liquid oxygen, with its high
oxygen content and efficient storage capabilities, has become a crucial
component in delivering oxygen therapy to patients with respiratory conditions.
Furthermore, the growing focus on space exploration and metallurgical
advancements in Canada has further fueled the demand for liquid oxygen.
Increasing Demand in healthcare Sector is Driving
Market Growth
One
of the primary drivers of the liquid oxygen market in Canada is the growing
demand in the healthcare sector. Liquid oxygen plays a crucial role in medical
applications, particularly in oxygen therapy for patients with respiratory
conditions. The rising prevalence of chronic respiratory diseases, coupled with
an aging population, has led to an increased need for reliable and efficient
oxygen delivery systems. Liquid oxygen, with its high purity and ease of
storage, ensures a continuous supply of oxygen to patients, driving the market
growth in the healthcare sector.
Canada
has a thriving aerospace industry, focusing on space exploration and satellite
technology. Liquid oxygen is a critical component in rocket propulsion systems,
serving as an oxidizer for combustion. The advancements in aerospace
technology, including satellite launches, space research, and the development
of reusable rocket systems, have significantly boosted the demand for liquid
oxygen. As Canada continues to make strides in aerospace technology, the liquid
oxygen market is poised for further growth.
Growing Industrial Applications is Driving Market
Growth
The
industrial sector in Canada, particularly metallurgy and manufacturing, has witnessed
significant growth, driving the demand for liquid oxygen. In metallurgical
applications, liquid oxygen enhances combustion in blast furnaces, converters,
and oxygen lances, facilitating the efficient production of steel and other
metals. The increasing demand for steel products in construction, automotive,
and infrastructure sectors contributes to the growth of the liquid oxygen
market. Additionally, liquid oxygen is used in welding applications, where it
creates an oxygen-rich environment, enabling efficient metal bonding and
fabrication.
Environmental
sustainability and water treatment have become crucial focus areas in Canada.
Liquid oxygen plays a vital role in environmental applications, particularly in
water treatment processes. It acts as an oxidizing agent, helping remove
contaminants, odors, and pollutants from wastewater. The emphasis on
sustainable water management and environmental remediation drives the demand
for liquid oxygen in water treatment facilities and environmental cleanup projects.
As Canada continues to prioritize environmental protection, the liquid oxygen
market is expected to witness steady growth.
Advancements
in technology and innovation have significantly contributed to the growth of
the liquid oxygen market in Canada. The development of efficient oxygen
production, storage, and transportation technologies has improved the
accessibility and availability of liquid oxygen. Innovations in cryogenic
equipment, safety measures, and distribution systems have made liquid oxygen more
reliable and cost-effective. These technological advancements have widened the
scope of applications and stimulated market growth.
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Major
Challenges faced by Canada Liquid Oxygen Market
Establishing
and maintaining adequate infrastructure is essential to meet the growing demand
for liquid oxygen. Upgrading existing facilities, investing in new production
plants, expanding storage capacity, and improving distribution networks are
crucial steps to overcome this challenge. Collaborative efforts between industry
stakeholders, government agencies, and investors can help address
infrastructure limitations and ensure a robust supply chain.
The
handling and transportation of liquid oxygen require strict adherence to safety
regulations due to its cryogenic and highly reactive nature. Compliance with
safety protocols and standards is essential to mitigate the risks associated
with storing and using liquid oxygen. However, keeping up with evolving safety
regulations and ensuring compliance can be a significant challenge. Continuous
training and education programs for industry professionals, effective
communication of safety guidelines, and regular audits and inspections can help
address this challenge and maintain a safe operating environment.
The
cost of liquid oxygen production, storage, and transportation can be a
significant challenge for both suppliers and consumers. The cryogenic nature of
liquid oxygen necessitates specialized equipment and infrastructure, leading to
higher production and operational costs. Balancing these costs while ensuring
affordability for end-users, such as healthcare facilities and industrial
sectors, can be a delicate task. Encouraging technological advancements and
process optimization, along with strategic pricing strategies, can help manage
costs and improve the affordability of liquid oxygen, thus fostering market
growth.
Recent
Trends and Developments
There have been notable advancements in oxygen generation and
storage technologies in Canada. New technologies, such as oxygen concentrators
and modular oxygen generation units, have been introduced, improving the
efficiency and accessibility of oxygen production. These advancements have
enabled a more reliable and cost-effective supply of liquid oxygen, supporting
the growing demand in healthcare, aerospace, and industrial sectors.
The healthcare sector has experienced a surge in demand for liquid
oxygen in Canada. With the rise in respiratory illnesses, including the
COVID-19 pandemic, the need for oxygen therapy and respiratory treatments has
intensified. The Canadian healthcare system has responded by expanding oxygen
supply infrastructure and investing in advanced oxygen delivery systems. The
integration of liquid oxygen systems in healthcare facilities and home
healthcare settings has ensured a continuous supply of high-purity oxygen to
patients in need.
Market
Segmentation
Canada Liquid Oxygen Market is
segmented based on Type, End User, Region and
Competitive landscape. Based
on Type, the market is categorized into Vertical Storage Tank and Horizontal
Storage Tank. Based on End User the market is segmented into Aerospace,
Submarine, Gas Industries, Medical and Others. Based on region, Canada Liquid Oxygen
market is divided into Quebec, Ontario, Alberta, British Columbia, Saskatchewan
& Manitoba, Rest of Canada.
Market
Players
Air
Liquide Canada, Linde Canada, Air Products Canada, Messer Canada, Matheson
Canada, nexAir Canada, Amico Corporation, CanGas Solutions, Cryogenics Group are some of the key players of the Canada Liquid Oxygen
Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in
USD Million and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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Type
End User
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Regional scope
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Quebec,
Ontario, Alberta, British Columbia, Saskatchewan and Manitoba
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Key companies profiled
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Air Liquide Canada, Linde Canada, Air
Products Canada, Messer Canada, Matheson Canada, nexAir Canada, Amico
Corporation, CanGas Solutions, Cryogenics
Group
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Customization scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and purchase options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, Canada Liquid
Oxygen market has been segmented into the following categories, in addition to
the industry trends, which have also been detailed below:
- Canada Liquid Oxygen Market,
By Type:
- Vertical Storage Tank
- Horizontal Storage Tank
- Canada Liquid Oxygen Market,
By End User:
- Aerospace
- Submarine
- Gas Industries
- Medical
- Others
- Canada Liquid Oxygen Market,
By Region:
- Quebec
- Ontario
- Alberta
- British Columbia
- Saskatchewan & Manitoba
- Rest of Canada
Competitive landscape
Company Profiles: Detailed analysis of the major companies present in Canada
Liquid Oxygen market.
Available Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis
and profiling of additional market players (up to five).
Canada Liquid Oxygen Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]