Oxygen Prices Fell in South America, Rose in Europe During Q4 2025

Industrial oxygen prices experienced notable regional variations in the fourth quarter of 2025. South America saw a 16.4% decrease in prices, while Europe recorded a 23.6% increase, according to IMARC Group.

In Europe, oxygen prices reached $0.18/KG, a 23.6% quarter-over-quarter advance. This rise was primarily attributed to elevated power costs impacting energy-intensive cryogenic air separation units. Planned maintenance at production facilities also tightened supply, contributing to upward price pressure. Demand from steel, metal fabrication, and healthcare sectors remained robust, and rising logistics costs further amplified prices.

Conversely, South America experienced a 16.4% price drop, settling at $0.41/KG. This decline was driven by softened demand in the steel and metals sectors and the commissioning of new air separation unit capacity. Reduced upstream energy costs lowered production expenses, and competitive discounting occurred as distributors cleared inventory.

North America's market remained stable, with prices holding at $0.12/KG. This equilibrium was supported by steady demand from the steel industry and healthcare, coupled with controlled production costs. The welding, cutting, and wastewater treatment segments also contributed to market stability.

The outlook suggests potential future price volatility. Rising crude oil and natural gas prices, influenced by geopolitical events, may increase production costs for oxygen, particularly in energy-dependent regions.