DUBLIN, Feb. 26, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/x4j88h/china_oxygen) has announced the addition of the "China Oxygen Cylinders Market - Trends, Forecast and Opportunity Analysis to 2018" report to their offering.
China Oxygen Cylinders market witnessed significant growth during the past five years and is expected to continue its growth momentum and reach an estimated $161 million by 2018. China is leading the global Oxygen Cylinders market. The Oxygen Cylinders market saw significant growth rate due to governmental support, healthcare infrastructural development, growing aging population and their proneness to respiratory diseases, growth in industrial manufacturing and construction market, and increasing demand of aircraft for domestic airlines and military purpose.
Oxygen Cylinders are used in a variety of markets including medical, industrial, Self-Contained Breathing Apparatus (SCBA), aviation and space, and Self-Contained Underwater Breathing Apparatus (SCUBA).
The medical segment is the largest segment in oxygen cylinders market in terms of value shipment and represents huge growth potential. The industrial segment is the second largest user of Oxygen Cylinders in China, followed by self-contained breathing apparatus (SCBA), and aviation and space. Although the composite Oxygen Cylinders are costlier than steel and aluminium Oxygen Cylinders, composite cylinders had driven the market of Oxygen Cylinders in aviation and space segment, and there is enormous growth opportunity in the market because of weight and capacity advantages.
Oxygen cylinder market is facing significant challenge from the medical industry which is the largest customer of oxygen cylinders in China. Oxygen concentrators are proving itself a better substitute of oxygen cylinders in medical segment due to its associated advantages of portability without the need to refill over its lifetime. Increasing raw material prices such as steel and aluminium are also posing as challenges for the industry but the analysis on the competitive landscape and industry fundamentals indicates that the market is likely to remain profitable over the next five years and beyond.
The report identifies the drivers, challenges, and emerging trends in Oxygen Cylinders market in China which have an impact on the industry dynamics. The report reflects on the growth opportunity by end market applications on which the demand of oxygen cylinder depends. The report will be beneficial for all those who are directly or indirectly related to the industry where Oxygen Cylinders are used along with the ones who plan to participate in the industry in near future.
This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Key Topics Covered:
1. Executive Summary
2. China Oxygen Cylinders Market Background and Classifications
3. Oxygen Cylinders Market Assessment
4. Competitive Landscape and Growth Opportunities Analysis
5. Strategic Assessment of China Oxygen Cylinders Market
6. Company Profiles for Leading Players
For more information visit http://www.researchandmarkets.com/research/x4j88h/china_oxygen
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SOURCE Research and Markets