Oxygen Prices See Notable Shifts in Q2 2025 Amid Supply-Demand Changes

02-Sep-2025

Amid fluctuating energy costs and varying industrial activity, the global oxygen industry is experiencing notable pricing shifts, according to IMARC Group’s latest publication, Oxygen Price Trend, Index and Forecast Data Report 2025 Edition, which provides updated insights for Q2 2025. The report highlights the way the industry is adjusting to healthcare-driven demand, steel and petrochemical growth, and supply chain disruptions. Key markets shaping this trend include North America, Asia Pacific, and Europe, where demand fluctuations, production costs, and logistical challenges continue to influence pricing momentum.

Q2 2025 Oxygen Prices:

Canada: USD 513/MT
China: USD 396/MT
India: USD 371/MT
Indonesia: USD 356/MT
France: USD 335/MT

Q2 2025 Oxygen Prices

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The current oxygen prices highlight the material’s essential role in healthcare, steelmaking, petrochemicals, and manufacturing, with sustained demand and supply constraints contributing to a stable to upward global price trajectory.

Key Regional Price Trends and Market Drivers:

Canada

In Q2 2025, oxygen prices in Canada reached USD 513/MT, influenced by fluctuating demand from healthcare and metal fabrication sectors. Maintenance activities at air separation units reduced production efficiency, while higher electricity tariffs increased liquefaction costs. Cross-border transportation delays and a shortage of cryogenic tankers further constrained supply.

China

Oxygen prices in China reached USD 396/MT in June 2025. Market dynamics were shaped by output adjustments at industrial gas plants due to environmental inspections. Power restrictions during peak summer disrupted production schedules, while surging demand from steel and petrochemicals, coupled with higher export volumes to Southeast Asia, tightened domestic availability.

India

India recorded oxygen prices at USD 371/MT in Q2 2025. Seasonal medical demand, combined with higher consumption in metal processing, pushed fluctuations. Supply imbalances were aggravated by limited cryogenic cylinder availability and logistical inefficiencies in eastern and central regions. Elevated energy costs, particularly in coal-dependent states, also pressured production economics.

Indonesia

Priced at USD 356/MT in June 2025, Indonesia’s oxygen market was shaped by disruptions from scheduled maintenance and unplanned outages in industrial gas plants. Demand from manufacturing and shipbuilding sectors grew, stressing supply. Import reliance for oxygen derivatives added cost variability, while seaport bottlenecks caused delivery delays and reduced reliability.

France

Oxygen prices in France reached USD 335/MT in Q2 2025. Healthcare, automotive, and construction industries drove demand, while refinery turnaround activities boosted procurement. Rising electricity costs, partly due to reduced nuclear output, increased production expenses. Transport strikes added distribution backlogs, affecting bulk and cylinder oxygen supply chains.

Q2 vs. Q1:

Country	Q2 2025	Q1 2025	Q2 vs. Q1 Trends
Canada	USD 513/MT	USD 505/MT	Prices rose slightly due to higher operational costs from energy tariffs and supply chain bottlenecks compared to stable Q1 conditions
China	USD 396/MT	USD 382/MT	Prices increased from Q1 as power restrictions, inspections, and export growth tightened supply, in contrast to Q1 deflationary pressures
India	USD 371/MT	USD 363/MT	Prices edged higher, reversing Q1’s sluggish demand and import-driven declines, with stronger medical and industrial usage in Q2
Indonesia	USD 356/MT	USD 352/MT	Prices increased in Q2 slightly, reflecting stronger demand and plant disruptions, compared with Q1’s stable supply-demand balance
France	USD 335/MT	USD 325/MT	Prices increased in Q2 due to refinery demand, energy costs, and logistics disruptions, contrasting Q1’s stable healthcare and industrial demand balance

Oxygen Industry Overview:

The global oxygen market size reached USD 47.45 Billion in 2024. IMARC Group expects the market to reach USD 69.30 Billion by 2033, at a projected CAGR of 4.09% during 2025–2033. Rising prevalence of respiratory diseases, coupled with an aging population, has increased the need for medical oxygen. Industrial-grade oxygen demand is supported by steel and chemical production, as well as water treatment applications. Technological improvements in production and delivery systems are enhancing efficiency and reducing costs, reinforcing oxygen’s critical role across industries.

Additional growth is being fueled by government investments in healthcare infrastructure, particularly across the Asia Pacific and Latin America, where industrialization and urbanization are accelerating demand. Stringent environmental regulations in developed economies are promoting oxygen use in wastewater treatment and pollution control sectors. Moreover, advances in PSA and membrane technologies are making oxygen generation more economical and accessible. The increasing adoption of home oxygen therapy, supported by telemedicine and remote monitoring, further drives market expansion.

Recent Market Trends and Industry Analysis:

The oxygen industry is being reshaped by medical demand growth, particularly for portable concentrators and advanced delivery systems that improve patient mobility. Industrial sectors, including steelmaking and petrochemicals, remain vital demand drivers, while environmental regulations in developed economies are boosting oxygen’s use in wastewater treatment and pollution control.

Emerging economies in Asia Pacific and Latin America are experiencing rapid demand growth, supported by industrialization, healthcare infrastructure investments, and urbanization. Strategic mergers, acquisitions, and collaborations among key market players are consolidating capabilities and expanding global reach. In addition, applications in aerospace and space exploration, along with lessons from COVID-19, are driving investments in reliable supply chains and storage infrastructure.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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