Oxygen Scavengers Market
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PUBLISHED: 2022 ID: SMRC20400
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Oxygen Scavengers Market Forecasts to 2028 – Global Analysis By Type (Organic, Inorganic), Product Type (Metallic , Non-Metallic ), End User (Food & Beverage, Pharmaceutical, Power Generation, Oil & Gas, Chemical) and By Geography

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4.5 (39 reviews)
Published: 2022 ID: SMRC20400

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Oxygen Scavengers Market is accounted for $1.93 billion in 2021 and is expected to reach $3.24 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Oxygen scavengers, also known as oxygen absorbers, are primarily used to reduce or remove oxygen from various types of packages and feed water of boiler systems. It prevents deteriorative reactions caused by the availability of oxygen, thereby improving the operational capability of various products & processes. Oxygen scavengers specifically employed for packaging applications fall under the category of active packaging. This type of packaging is often used in the food & beverage and pharmaceutical sectors, and it responds to changes occurring in the surrounding environment. The product helps to minimize the negative effects of oxygen while increasing the shelf life of packaged products. In boilers, it is used in conjunction with deaerators to remove residual oxygen content and inhibit corrosion. Additionally, they are used in oil & gas production, preservation of artworks & solderability of electronic parts, etc.

Market Dynamics:

Driver:

Increasing demand for fresh and quality packaged food


Oxygen scavengers absorb fascinated oxygen present inside sealed packaging. Generally, during packaging, these scavengers are used to prevent spoilage, mold growth, color change, rancidity, loss of nutritional values, and loss of overall product quality. These scavengers maintain the original food quality and extend the shelf life of the product. Oxygen scavengers prevent the growth of aerobic pathogens and food spoilage organisms, degradation and rancidity of polyunsaturated fats and oils, oxidation of vitamins A, C, and E, and delay non-enzymatic browning of fruits and some vegetables. The use of oxygen scavengers makes products healthier. These factors are driving the growth of the market for oxygen scavengers globally.

Restraint:

Non-volatile nature of oxygen scavengers


Oxygen scavengers are highly effective in inhibiting corrosion of costly boiler equipment in various industries. Sulfites and bisulfites are the most widely used oxygen scavengers in water treatment applications. However, these scavengers are non-volatile and do not leave the boiler along with the steam. These oxygen scavengers add dissolved solids and, thus, affect the conductivity of the water. This impurity must be removed from the system through blowdown to maintain proper boiler water chemistry. This is one of the major factors restraining the growth of the oxygen scavenger market.

Opportunity:

Growing demand for packaged food


Oxygen scavengers are widely used in food & beverage and pharmaceutical packaging to reduce oxygen in the package. Oxygen scavengers maintain freshly prepared food's flavor, color, fragrance, and nutrition and extend products' shelf life. Consumers are increasingly opting for more packaged food owing to changing lifestyles, rising disposable incomes, and overall convenience associated with packaged products. Factors such as an increase in the working population, married couples with double income, professionals staying away from home, work from home initiatives, and a rise in nuclear families are boosting the demand for packaged food, which in turn is fuelling the demand for oxygen scavengers.

Threat:

Requirement of technical expertise for handling certain oxygen scavengers


Oxygen scavengers such as hydrazine and iron oxides are harmful to human health. For example, human contact with hydrazine can irritate the eyes, nose, and throat and cause dizziness, headache, nausea, pulmonary edema, seizures, and coma. It has been categorized as a suspected carcinogen by the US Food and Drug Administration. Human exposure to iron oxide can cause fever, chest tightness, cough, and pneumoconiosis. The health issues related to oxygen scavengers have led to the development and implementation of various action plans against handling harmful chemicals.

The power generation segment is expected to have the highest CAGR during the forecast period

The power generation segment is growing at the highest CAGR in the market. Oxygen scavengers are used for corrosion control in thermal power plants. The rising need for power generation all over the world is likely to propel market growth in the future.

The food & beverage segment is expected to be the largest during the forecast period

The food & beverage segment is expected to be the largest share due to the increased demand for better quality packaged food items, growth in demand for convenient foods, reduction in food wastage, and increasing urbanization in the emerging economies. These chemicals keep the processed foods fresh for a longer time and increase the shelf life of the products. In addition, the rise in income levels and the growth of the middle-class population are also driving demand for oxygen scavengers in the food & beverage industry.

Region with highest share:

The Asia Pacific is projected to hold the largest share in the market. High consumer preference for healthy and safe food that involves a minimal amount of wastage in light of sustainability issues is expected to fuel market growth in the Asia Pacific. The shifting of manufacturing facilities to emerging countries, such as China and India, and the expansion of end-use industries are the factors anticipated to augment demand for oxygen scavengers.

Region with highest CAGR:

North America is projected to have the highest CAGR due to the growing demand for quality packaged food. The growth can be attributed to extensive research & development undertaken to develop advanced packaging techniques to restore the wholesomeness of food items.

Key players in the market:

Some of the key players profiled in the Oxygen Scavengers Market include Accepta AS, Steam Boiler System Market Angus Chemical Company, Arkema S.A., Baker Hughes Incorporated, BASF SE, Clariant International AG., Eastman Chemical Company, Ecolab Inc., Guardian Chemicals Inc., Henkel AG & Co. KGaA, Innospec Inc., Kemira OYJ, Mitsubishi Gas Chemical Company, Sealed Air Corporation, and Solenis LLC.

Key developments:

In February 2020: Clariant, a specialty chemical firm, has created a new recipe for its MEVOPUR range of medical-grade packaging materials and services to prolong therapeutic goods shelf life. The latest MEVOPUR Safe formula introduces a modern oxygen-scavenging additive to reduce the oxygen oxidation in medications and nutraceuticals contained in bottles of polyethylene terephthalate (PET).

In October 2019: In its new product, the brand Cesa® ProTect, Clariant AG, a revered specialty chemicals manufacturer, has launched and patented an oxygen scavenger additive. The goal audience for the innovative drug is packaging made of monolayer PET. Also, the product will likely find a spectrum of polyester packing applications over the coming years.

In March 2017: BASF Group launched its latest Asia Pacific Innovation Campus, situated in Mumbai, India. The project would entail a combined estimated expenditure of up to USD 58.38 billion from the BASF Party, which represents South Asia\'s highest investment in research, which growth. The new campus for innovation will expand existing R&D activities in India to include global and regional analysis on a broad range of specialty chemicals.

Types Covered:
• Organic Oxygens Scavengers
• Inorganic Oxygen Scavengers

Forms Covered:
• Liquid 
• Sachets/Canisters/Bottle Caps & Labels 
• Powder 
• OS Films & Polyethylene Terephthalate (PET) Bottles 
• Plastic Films 

Product Types Covered:
• Metallic Oxygen Scavengers
• Non-Metallic Oxygen Scavengers

End Users Covered:
• Food & Beverage
• Pharmaceutical
• Power Generation
• Oil & Gas
• Chemical
• Pulp & Paper
• Medical & Healthcare

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Product Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Oxygen Scavengers Market, By Type       
 5.1 Introduction      
 5.2 Organic Oxygens Scavengers      
 5.3 Inorganic Oxygen Scavengers      
        
6 Global Oxygen Scavengers Market, By Form       
 6.1 Introduction      
 6.2 Liquid      
 6.3 Sachets/Canisters/Bottle Caps & Labels      
 6.4 Powder      
 6.5 OS Films & Polyethylene Terephthalate (PET) Bottles      
 6.6 Plastic Films      
        
7 Global Oxygen Scavengers Market, By Product Type       
 7.1 Introduction      
 7.2 Metallic Oxygen Scavengers      
 7.3 Non-Metallic Oxygen Scavengers      
        
8 Global Oxygen Scavengers Market, By End User       

 8.1 Introduction      
 8.2 Food & Beverage      
  8.2.1 Fresh Food     
  8.2.2 Dairy     
  8.2.3 Bakery     
  8.2.4 Poultry      
 8.3 Pharmaceutical      
 8.4 Power Generation      
 8.5 Oil & Gas      
  8.5.1 Deposition     
  8.5.2 Fluid Injection     
  8.5.3 Pipelines     
  8.5.4 Scaling     
 8.6 Chemical      
 8.7 Pulp & Paper      
 8.8 Medical & Healthcare       
  8.8.1 Additives     
  8.8.2 Diagnostic Devices     
  8.8.3 Liquefied Gas Inhalers     
  8.8.4 Surgical Implants     
  8.8.5 Syringes and Vials     
  8.8.6 Tablets and Capsules     
  8.8.7 Vitamins     
        
9 Global Oxygen Scavengers Market, By Geography       
 9.1 Introduction      
 9.2 North America      
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe     
 9.4 Asia Pacific      
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand     
  9.4.6 South Korea     
  9.4.7 Rest of Asia Pacific     
 9.5 South America       
  9.5.1 Argentina     
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia     
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa     
  9.6.5 Rest of Middle East & Africa     
        
10 Key Developments       
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions      
 10.5 Other Key Strategies      
         
11 Company Profiling       
 11.1 Accepta AS      
 11.2 Angus Chemical Company      
 11.3 Arkema S.A.      
 11.4 Baker Hughes Incorporated      
 11.5 BASF SE      
 11.6 Clariant International AG.      
 11.7 Eastman Chemical Company       
 11.8 Ecolab Inc.      
 11.9 Guardian Chemicals Inc.      
 11.10 Henkel AG & Co. KGaA      
 11.11 Innospec Inc.      
 11.12 Kemira OYJ      
 11.13 Mitsubishi Gas Chemical Company      
 11.14 Sealed Air Corporation      
 11.15 Solenis LLC       


List of Tables        
1 Global Oxygen Scavengers Market Outlook, By Region (2020-2028) ($MN)       
2 Global Oxygen Scavengers Market Outlook, By Type (2020-2028) ($MN)       
3 Global Oxygen Scavengers Market Outlook, By Organic Oxygens Scavengers (2020-2028) ($MN)       
4 Global Oxygen Scavengers Market Outlook, By Inorganic Oxygen Scavengers (2020-2028) ($MN)       
5 Global Oxygen Scavengers Market Outlook, By Form (2020-2028) ($MN)       
6 Global Oxygen Scavengers Market Outlook, By Liquid (2020-2028) ($MN)       
7 Global Oxygen Scavengers Market Outlook, By Sachets/Canisters/Bottle Caps & Labels (2020-2028) ($MN)       
8 Global Oxygen Scavengers Market Outlook, By Powder (2020-2028) ($MN)       
9 Global Oxygen Scavengers Market Outlook, By OS Films & Polyethylene Terephthalate (PET) Bottles (2020-2028) ($MN)       
10 Global Oxygen Scavengers Market Outlook, By Plastic Films (2020-2028) ($MN)       
11 Global Oxygen Scavengers Market Outlook, By Product Type (2020-2028) ($MN)       
12 Global Oxygen Scavengers Market Outlook, By Metallic Oxygen Scavengers (2020-2028) ($MN)       
13 Global Oxygen Scavengers Market Outlook, By Non-Metallic Oxygen Scavengers (2020-2028) ($MN)       
14 Global Oxygen Scavengers Market Outlook, By End User (2020-2028) ($MN)       
15 Global Oxygen Scavengers Market Outlook, By Food & Beverage (2020-2028) ($MN)       
16 Global Oxygen Scavengers Market Outlook, By Fresh Food (2020-2028) ($MN)       
17 Global Oxygen Scavengers Market Outlook, By Dairy (2020-2028) ($MN)       
18 Global Oxygen Scavengers Market Outlook, By Bakery (2020-2028) ($MN)       
19 Global Oxygen Scavengers Market Outlook, By Poultry (2020-2028) ($MN)       
20 Global Oxygen Scavengers Market Outlook, By Pharmaceutical (2020-2028) ($MN)       
21 Global Oxygen Scavengers Market Outlook, By Power Generation (2020-2028) ($MN)       
22 Global Oxygen Scavengers Market Outlook, By Oil & Gas (2020-2028) ($MN)       
23 Global Oxygen Scavengers Market Outlook, By Deposition (2020-2028) ($MN)       
24 Global Oxygen Scavengers Market Outlook, By Fluid Injection (2020-2028) ($MN)       
25 Global Oxygen Scavengers Market Outlook, By Pipelines (2020-2028) ($MN)       
26 Global Oxygen Scavengers Market Outlook, By Scaling (2020-2028) ($MN)       
27 Global Oxygen Scavengers Market Outlook, By Chemical (2020-2028) ($MN)       
28 Global Oxygen Scavengers Market Outlook, By Pulp & Paper (2020-2028) ($MN)       
29 Global Oxygen Scavengers Market Outlook, By Medical & Healthcare (2020-2028) ($MN)       
30 Global Oxygen Scavengers Market Outlook, By Additives (2020-2028) ($MN)       
31 Global Oxygen Scavengers Market Outlook, By Diagnostic Devices (2020-2028) ($MN)       
32 Global Oxygen Scavengers Market Outlook, By Liquefied Gas Inhalers (2020-2028) ($MN)       
33 Global Oxygen Scavengers Market Outlook, By Surgical Implants (2020-2028) ($MN)       
34 Global Oxygen Scavengers Market Outlook, By Syringes and Vials (2020-2028) ($MN)       
35 Global Oxygen Scavengers Market Outlook, By Tablets and Capsules (2020-2028) ($MN)       
36 Global Oxygen Scavengers Market Outlook, By Vitamins (2020-2028) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

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