Oxygen Price Trend, Index and Forecast

Track real-time and historical oxygen prices across global regions. Updated monthly with market insights, drivers, and forecasts.

Oxygen Prices May 2026

Region	Price (USD/Kg)	Latest Movement
Europe	0.2	11.1% ↑ Up
South America	0.4	8.1% ↑ Up
North America	0.11	10.0% ↑ Up

Oxygen Price Index (USD/KG): 

The chart below highlights monthly oxygen prices across different regions.

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Market Overview Q1 Ending March 2026

Europe:𝓡 The oxygen prices in Europe reached 0.18 USD/KG in March 2026. The pricing movement between December and March 2026 remained unchanged. The flat pricing trajectory reflected a predominantly stable market environment characterized by equilibrium between supply and demand fundamentals across the region. Moderate consumption from the steelmaking, metal fabrication, and healthcare sectors maintained consistent procurement activity, while adequate production output from established air separation unit operations ensured comfortable supply volumes. Stable upstream electricity costs maintained production cost benchmarks for regional industrial gas suppliers, while balanced inventory positions among key distributors limited any significant pricing fluctuation. Steady offtake from the welding, cutting, and wastewater treatment segments sustained baseline consumption fundamentals, contributing to entirely flat market conditions throughout the quarterly period.

South America:ಞ The oxygen prices in South America reached 0.39 USD/KG in March 2026. The downward pricing movement registered between December and March 2026 was 4.9%. The minor price decline was primarily due to reduced demand from the steel manufacturing and metal processing industries, leading to a decrease in overall purchase quantity as industrial production in the region declined. The fall in electricity prices for the steel industry helped lower operational costs for the air separation plants, thereby lowering base prices. Sufficient production capacity from existing plants helped maintain comfortable levels of availability, while excess product availability from newly commissioned air separation plants further put pressure on prices. In addition, reduced consumption from the mining and processing industries helped lower overall consumption, while high inventory levels at major distributors prompted price reductions to increase buyer interest in the products.

North America:🎃 The oxygen prices in North America reached 0.11 USD/KG in March 2026. The downward pricing movement registered between December and March 2026 was 8.3%. The notable decrease in prices was the result of weakened demand from the steel making and metal fabrication industries, as well as weakened industrial output and manufacturing activity in the region. The reduction in upstream electricity prices significantly lowered production costs for air separation unit operators in the domestic market, thereby weakening prices. Enhanced production capabilities from established industrial gas companies ensured supply chain availability, while excess production continued to weigh on existing market prices. In addition, weakened demand from healthcare and welding industries provided limited support for offtake, while conservative purchasing strategies adopted by end users in response to weakened industrial demand limited purchasing competition and helped to sustain pronounced bearish prices.

Market Overview Q4 Ending December 2025

Europe:🐟 The oxygen prices in Europe reached 0.18 USD/KG in December 2025. The upward pricing movement registered between September and December 2025 was 23.6%. Rising energy costs across the region were the primary cause of the notable price increase, as operators of air separation units engaged in energy-intensive cryogenic distillation operations faced significantly higher operating costs due to skyrocketing power rates. Regional availability was further constrained by planned maintenance shutdowns at large industrial gas production sites, which tightened supply. The strong demand from the steelmaking and metal fabrication industries drove robust procurement activity in the quarter. Strong offtake fundamentals were further reinforced by growing demand from the healthcare and medical oxygen sectors, while during the quarter, rising logistics and distribution costs exacerbated upward pricing pressures across the supply chain.

South America:🦄 The oxygen prices in South America reached 0.41 USD/KG in December 2025. The downward pricing movement registered between September and December 2025 was 16.4%. The significant price correction was primarily due to weaker demand from the steel manufacturing and metal processing sectors, which moderated procurement volumes amid reduced industrial production across the region. Expanded air separation unit capacity from recent commissioning of new production facilities increased regional supply availability, exerting sustained downward pressure on prevailing market rates. Declining upstream energy costs provided diminished production cost support for domestic industrial gas suppliers. Additionally, subdued consumption from the mining and chemical processing segments dampened overall offtake, while elevated inventory positions among key distributors prompted competitive pricing concessions, maintaining persistently bearish market conditions throughout the quarterly period.

North America:🍨 The oxygen prices in North America reached 0.12 USD/KG in December 2025. The downward pricing movement registered between September and December 2025 was 1.2%. Since consistent demand from the steel and healthcare sectors provided dependable purchasing support, the decline in marginal prices suggested a largely stable market environment. Leading industrial gas suppliers maintained steady output from household air separation units, ensuring an adequate supply across the distribution system. Lowering energy costs reduced production costs, which in turn led to slight price reductions. The fundamental offtake principles were reinforced by consistent consumption from the welding, cutting, and wastewater treatment industries. Additionally, the equilibrium between supply and demand variables limited significant price fluctuations, maintaining comparatively steady market conditions throughout the quarter.

Market Overview Q3 Ending September 2025

Europe:ဣ In Europe, oxygen prices declined as industrial demand from steel and chemical sectors moderated amid weaker production activity. The oxygen price index reflected the impact of reduced procurement from healthcare and welding applications, while oversupply in regional markets added to the downward pressure. Lower energy costs and stable feedstock availability further dampened market sentiment, creating a challenging environment for suppliers. Competitive imports also weighed on domestic pricing, reinforcing the bearish trend throughout the quarter.

South America:ﷺ In South America, oxygen prices strengthened as demand increased from the healthcare sector and industrial applications, particularly in metallurgy and petrochemicals. The oxygen price index showed a rise driven by resilient regional consumption and tightening distribution channels. Higher utilization in medical infrastructure and improved uptake from specialty industries also supported pricing. Although feedstock availability remained steady, logistical challenges in certain areas constrained supply, adding momentum to the upward price movement.

North America:ꦿ In North America, oxygen prices increased notably due to robust demand from healthcare and the expanding semiconductor and electronics manufacturing sectors. The oxygen price index reflected heightened procurement activity from industrial gas suppliers, while steady consumption in steel production further supported the upward trend. Supply chain constraints, particularly in transportation and storage infrastructure, added to the price rise. Competitive dynamics in industrial applications also encouraged stronger price adjustments, ensuring firm market sentiment across the region during the quarter.

Oxygen Price Trend, Market Analysis, and News

IMARC's latest publication, “Oxygen Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2026 Edition,” 🐎presents a detailed examination of the oxygen market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of oxygen at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed oxygen prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting oxygen pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Oxygen Industry Analysis

The global oxygen industry size reached USD 49.4 Billion in 2025. By 2034, IMARC Group expects the market to reach USD 70.6 Billion, at a projected CAGR of 3.84%ꦅ during 2026-2034. Growth is driven by expanding applications in healthcare, rising demand for high purity oxygen in electronics and semiconductors, and increasing use in steelmaking and chemical processing, supported by advancements in industrial gas technologies and broader adoption across emerging markets.

Latest developments in the Oxygen Industry:

• July 2025: Hygenco Green Energies commissioned Maharashtra’s first green hydrogen and green oxygen production facility in Chhatrapati SambhajiNagar, under a long-term supply agreement with Sterlite Technologies (STL). This plant enables STL’s optical fibre manufacturing process to use 100% green hydrogen and oxygen inputs, aligning with its net zero goals.
   
• April 2025: Air Liquide announced a potential investment of up to USD 850 million to build a low-carbon oxygen industrial gas platform in Baytown, Texas, under a long-term agreement for clean industrial gas supply. This project aims to reduce emissions in oxygen production while strengthening its U.S. industrial gases footprint.
   
• June 2025: The University of South Florida (USF) launched a groundbreaking, USD 28 Million randomized, double‑blind clinical trial deploying hyperbaric oxygen therapy (HBOT) for U.S. veterans and active-duty personnel suffering from mild to moderate traumatic brain injury (TBI) sustained at least one year prior. Led by a team of over 30 researchers, the trial seeks to rigorously assess whether HBOT can alleviate chronic TBI symptoms, reduce inflammation, enhance neuroplasticity, and offer therapeutic benefits validated by long-term, placebo-controlled methodology.
   
• January 2024: Linde extended its long-term industrial gases contract with Steel Authority of India Limited (SAIL). Under the renewed terms, Linde will build, own, and operate an additional 1,000-tons/day ASU at SAIL’s Rourkela steelworks—nearly doubling its onsite oxygen, nitrogen, and argon output—with an estimated investment of ~USD 60 million.

Product Description

Oxygen (O₂) is a diatomic, colorless, odorless, and tasteless gas that is essential for sustaining life and plays a critical role in combustion and respiration processes. It constitutes about 21% of the Earth’s atmosphere and is produced on an industrial scale primarily through cryogenic air separation and pressure swing adsorption methods. Oxygen is widely used in healthcare for respiratory therapy and medical procedures, in metallurgy for steelmaking and welding, and in chemical industries as an oxidizing agent. It also finds applications in water treatment, aerospace, electronics, and semiconductor manufacturing. Its high reactivity and ability to support combustion make it an indispensable industrial gas across multiple sectors.

Report Coverage

Key Attributes	Details
Product Name	Oxygen
Report Features	Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Oxygen Price Analysis, and Segment-Wise Assessment.
Currency/Units	US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered	The current coverage includes analysis at the global and regional levels only.    Based on your requirements, we can also customize the report and provide specific information for the following countries:    Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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 Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers	Company Overview Business Description Recent Trends and Developments
Customization Scope	The report can be customized as per the requirements of the customer
Report Price and Purchase Option	Plan A: Monthly Updates - Annual Subscription Scope Historical Data for the Current Month Forecast for Next Month Total Deliverables Per Year: 12 (One Per Month) Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year Plan B: Quarterly Updates - Annual Subscription Scope Historical Data for the Current Quarter Forecast for Next Quarter Total Deliverables Per Year: 4 (One Per Quarter) Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year Plan C: Biannually Updates - Annual Subscription Scope Historical Data for the Current Half Forecast for the Next Half Total Deliverables Per Year: 2 (One Per 6 Months) Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
Post-Sale Analyst Support	360-degree analyst support after report delivery
Delivery Format	PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of oxygen pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting oxygen price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The oxygen price charts ensure our clients remain at the forefront of the industry.