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Oxygen Scavengers Market incredible future growth | 2018 Key Players are Clariant, Arkema, Chemfax, Eastman Chemical Company, Innospec, Hydrite Chemical Co., Kemira, Guardian Chemical, Aditya Birla Chemicals, Chemtex Speciality Limited, Esseco U.K Limited

Global Market Insights

Global Market Insights

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.

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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.

Oxygen scavengers 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.

Oxygen scavenger market is bifurcated into two grades, which are metallic and non-metallic grades. Non- metallic grade is used in food products and processed products whereas metallic is used in food products as well as in boiler feed water equipment. Non-metallic grade use organic reducing agents including ascorbate, ascorbic acid, catechol and others. It also includes enzymatic oxygen scavengers such as ethanol oxidase, glucose oxidase, etc. This grade is aptly endorsed by food & beverage sector owing to their non-toxic, odorless nature. Non-metallic oxygen scavengers, such as hydrazine, Diethylhydroxylamine (DEHA) are also used in metal detection and advanced packaging solutions which will propel the product demand during forecast period. Metallic oxygen scavengers, generally iron based and sodium based, are used in industries including chemical, oil & gas, pharmaceutical, food & beverages, etc. due to ease of handling, better quality, cost effectiveness and fast reaction. Iron sulfites are primarily used in water treatment plants owing to low cost than other scavengers which will further augment this segment’s demand during forecast spell.

These products find its application in boiler feed water equipment, food products including crops, fruits, vegetables, etc. and processed foods such as cheese, tinned vegetables, cakes, biscuits, etc. For instance, in 2016, the global food & beverage industry projected a revenue of approximately USD 4 trillion and is likely to increase with a healthy rate during the forecast period which will further propel the growth of oxygen scavengers market.

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Product is used in numerous end-user industries including chemical, pharmaceuticals, oil & gas, food & beverages, and other niche end-user industries including sugar, paper & pulp, power plant, etc. Chemical & pharmaceutical industry will witness robust product demand owing to its usage in extending the expiry date of chemicals, drugs and medicines. Rising research and development activities to produce less toxic scavengers will drive the product market by the end of 2024.

Asia Pacific is likely to emerge as the fastest growing region owing to growing urbanization coupled with rising demand of packed food which will spur the oxygen scavengers market. North America will also have a significant market share owing to large consumer base of pharmaceutical products and packed food. The other factors contributing to market share of North America include high standard of living, industrialization, high disposable income and shifting customer preferences which will fuel the product market growth.

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.

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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