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Oxygen Scavengers Market

Oxygen Scavengers - Global Market Outlook (2020-2028)

4.5 (39 reviews)
Published: April 2021 ID: SMRC20400
4.5 (39 reviews)
Published: April 2021 ID: SMRC20400

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Oxygen Scavengers Market is accounted for $2.38 billion in 2020 and is expected to reach $4.15 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Factors such as increasing demand for fresh and quality packaged food, increasing disposable income of middle-class in emerging countries, rising demand from the end-use industries such as pharmaceuticals, oil & gas, and chemical industries, and gradual revival of the oil & gas sector are driving the market growth. However, non-volatile nature of oxygen scavengers may hamper the market growth.

 

oxygen-scavengers-fig-27.png

Oxygen scavengers are irreversible absorbers for oxygen, which are used to prevent corrosion of metal and alloy equipment caused by dissolved oxygen. Oxygen scavengers help maintain the quality of the product by ensuring its safety and extending its life. Components of oxygen scavengers such as iron powder, ascorbic acid, photosensitive polymers, enzymes, etc. are treated with feed water to absorb oxygen from it. Oxygen scavengers are extensively used in many industries such as food & beverages, pharmaceutical, power generation, oil & gas, chemical, and pulp & paper to improve shelf-life and safety of products.

Based on the type, metallic oxygen scavengers segment is going to have lucrative growth during the forecast period, due to the better efficiency in providing extended shelf life to products. Metallic oxygen scavengers are mainly used in the packaging application to prevent spoilage, mold growth, color change, rancidity, loss of nutritive values, and loss of overall product quality. Furthermore, metallic oxygen scavengers are easy to handle and provide a fast reaction, as compared to non-metallic oxygen scavengers such as ascorbic acids and glucose oxidase. Sulfites, a type of metallic scavengers, are majorly used in the water treatment application, as they are comparatively less expensive than non-metallic oxygen scavengers.

By geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, owing to increasing demand for packaged food, growing urbanization in the region, and rising standard of living. In addition, government initiatives and policies to attract investments from various international companies will boost the growth of various end-use industries of oxygen scavengers and support the growth of the market in the region. Moreover, China, Japan, India, and South Korea are some of the key countries in the region contributing to the growth of the oxygen scavengers market in Asia Pacific.

Some of the key players profiled in the Oxygen Scavengers Market include DOW Chemical Company, Mitsubishi Gas Chemical Company, Ecolab Inc, Kemira OYJ, BASF SE, Clariant AG, Arkema Group, Solenis LLC, Aditya Birla Chemicals, Henkel AG & Co. KGaA, Tetra Technologies, Inc., Sealed Air Corporation, Baker Hughes Incorporated, Veolia Water Technologies, Eastman Chemical Company, Lonza AG, GE Water & Process Technologies, and Thermax Ltd.

Types Covered:
• Non-Metallic Oxygen Scavengers
• Metallic Oxygen Scavengers
• Methyl Cyanoacrylate
• Ethyl Cyanoacrylate

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

Compositions Covered:
• Inorganic
• Organic

Applications Covered:
• Food Products
• Boiler Feed Water
• Processed Food
• Rigid Packaging
• Flexible Packaging

End Users Covered:
• Pharmaceutical
• Oil & Gas
• Pulp & Paper
• Food & Beverage
• Chemical
• Power Generation
• Industrial/Metal
• Other End Users

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 2019, 2020, 2021, 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

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