Press release
Oxygen Scavenger Market Analysis includes Size, Demand, Applications, Key Insights 2020 to 2025
The report titled "Global Oxygen Scavenger Market" provides an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, challenges, and opportunities prevailing in the industry. The report provides an extensive insight into various forms of developments, trends and key participants.Study Scope
The Global Oxygen Scavenger Market is expected to grow at a CAGR of 4.5 during the forecast period of 2019 to 2025. This Report presents historical demand data for 2014-2019, and forecasts for 2020-2025 by product (e.g., Metallic, Non-metallic), Applications (Food & Beverage, Pharmaceuticals, Chemicals, Oil & Gas, Others).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles major industry competitors, including BASF SE., Baker Hughes, Innospec Inc., Arkema Group, Accepta Ltd., Clariant International Ltd., Eastman Chemical Company, Sealed Air Corporation, PolyOne Corporation, Kemira OYJ, Mitsubishi Chemical Corporation, Plastichem (PTY) LTD, By the product type, the market is primarily split into, Metallic, Non-metallic.
Exclusive up to 30% discount on this report
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Oxygen Scavenger Market segment by Regions/Countries, this report covers:
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Regional Overviews
The US market accounted for 76% of total business of the North American market in 2016 because of the growing demand for quality packaged foods. In addition, various regulations and food safety standards developed by the EPA are likely to have a positive impact on the market. The increasing use of oxygen scavengers in the chemical and food and beverage is also expected to boost market growth over the next eight years.
The demand for oxygen scavengers in North America was valued at USD 582.9 million in 2016. The growth can be attributed to extensive research and development undertaken to develop advanced packaging techniques to restore safety foodstuffs. North America is expected to be the largest market 2017-2025.
Strong consumer preference for healthy and safe that involves minimal amount of waste in the light of sustainability issues should feed the growth of the fuel market in Asia Pacific. The movement of manufacturing facilities in emerging countries such as China and India, and expanding end-use industries are the factors provided for increased demand of oxygen scavengers.
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Markets Developments
-In April 2016, Mitsubishi Gas Chemical Company has developed new active packaging technology for pharmaceutical products. The new technology is used to extend the lifespan and maintain the quality of pharmaceutical products. Technological development has enabled the company to expand its product offering in the market for oxygen scavengers.
-In March 2017, BASF SE has invested about $ 58 billion in its innovation campus in India. The campus of innovation has expanded R & D for energy, food and water treatment industries.
-In June 2015, Ecolab Inc. acquired Jianghai Environmental Protection Co. Ltd (Jianghai), an industrial water treatment company. This acquisition provides the processing of the current industrial water Ecolab and strengthens the long-term growth of the company on the market of increasing water stress in China.
-In June 2015, Kemira Oyj has opened a major production plants in Europe for the manufacture of WTCs. The plant in Tarragona is located in La Canonja, Spain. The plant also has a unit for the manufacture of bonding agents used in the pulp and paper industry.
WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Oxygen Scavenger Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Global Gas Sweetening Sulfur Scavenger Market Report 2019, Competitive Landscape, Trends And Opportunities
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All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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