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Oxygen Scavengers Market Forecast by Key Players: Chemfax, Eastman Chemical Company, Innospec, Hydrite Chemical Co., Kemira, Guardian Chemical, Aditya Birla Chemicals, Chemtex Speciality Limited, Esseco U.K Limited, Polyone Corp., ROEMEX Limited, LONZA

08-16-2018 04:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Chemical Market Research

Oxygen Scavengers Market Forecast by Key Players: Chemfax,

Oxygen Scavengers Market such as iron, hydrazine, and carbon cause some health hazards including headache, breathing problem, high blood pressure, pneumoconiosis, etc. which will hamper its market growth. These products are generally applicable to substance with some water content. The absence of water cause migration of water molecules from oxygen scavengers to food product which leads to declination of food quality. This factor coupled with the non-volatile nature of O2 and growth of anaerobic microorganism is likely to encumber the product demand in coming years.

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Oxygen Scavengers Market Size is likely to witness a healthy demand from 2016 to 2024 owing to the shifting preferences of consumers towards processed food as the product is extensively used for food preservation.
Oxygen scavengers are the chemical substance, used to reduce or eliminate O2 in fluids and enclosed spaces to inhibit oxygen induced corrosion. O2 have detrimental effects on food products by inducing oxidation reaction which deteriorates the quality of food items by loss of color and nutrient value.

Perishable foods such as fruits, vegetables, dairy products, processed products, etc. require oxygen scavengers to increase the shelf life by preventing the growth of microorganisms, oil & fat rancidity, spoilage, discoloration of plants and muscle pigments, loss of taste, etc. Changing lifestyle coupled with increasing disposable income of consumers has led to increased demand of high quality packed food items which will in turn escalate the demand of oxygen scavengers in coming years.

The oxygen scavengers act as a corrosion inhibitor for metal and alloy fabricated equipment. It combines with oxygen and produce harmless compound salts owing to its cathodic nature. Corrosion problems usually occur in the hottest areas of the boiler including water wall, superheated tubes and screen, etc. To eradicate corrosion problems in these areas, oxygen scavengers are added in aqueous form to boiler sections, preferably in downstream areas along with other chemicals. The oxygen scavengers are formed from various compounds such as metal sulfites or bisulfite ions, ascorbic acids, ascorbate salt or catechol, aerobic microorganisms, enzymes, photosensitive dyes, antioxidants, UV light activators, and others. The product’s usage in increasing the shelf life and reduction in the maintenance cost of equipment will boost the oxygen scavengers market in coming years.

These oxygen scavengers are generally used in food products, processed products and in boiler feed water. The product is very reactive and get activated when exposed to environment. Growing awareness against food wastage and increasing demand of processed food pertaining to shifting consumer preferences towards consumption of packaged and ready to eat food items will increase the growth of the product market during the forecast period. The oxygen scavengers are usually present in sachets, labels, plastic trays, plastic films, bottle crowns, etc.

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Top key players:
The key participants in the oxygen scavengers market include Mitsubishi Gas Chemical America Inc., Clariant, CECA Arkema Group, Accepta Water Treatment, Chemfax, Eastman Chemical Company, Innospec, Hydrite Chemical Co., Kemira, Guardian Chemical, Aditya Birla Chemicals, Chemtex Speciality Limited, Esseco U.K Limited, Polyone Corp., ROEMEX Limited, LONZA, and others.

Market share calculation in this report is not done based on companies covered in it. The calculation of oxygen scavengers market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Browse Full Report @ https://www.gminsights.com/industry-analysis/oxygen-scavengers-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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