Sales of Oxygen Scavenger Market Is Anticipated To Transcend A Revenue Valuation Of US$ 3.6 Billion By 2032

The market for oxygen scavengers is currently valued at US$ 2.2 billion in revenue and is anticipated to grow to US$ 3.6 billion by the end of 2032.

Over the next few years, it is anticipated that shifting consumer preferences, expanding urbanisation, and a rise in the need for packaged foods would significantly increase oxygen scavenger sales.

The expanding range of oxygen scavenger applications in a number of industry sectors, including pharmaceuticals, chemicals, and oil & gas, is also anticipated to fuel market expansion over the course of the projection year. Over the future years, it is anticipated that increasing expenditures in the development of active packaging solutions would produce a highly favourable market environment.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7937?AS

Oxygen scavenger suppliers are launching new products to improve their revenue generation capacity and gain a competitive advantage over other market players.

• In September 2020, Avient, a specialized materials manufacturer introduced a new oxygen scavenger at Medtec China 2020. MEVOPUR ProTect oxygen scavenger limits oxygen degradation of nutraceuticals and drugs that are stored in PET bottles.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• The global oxygen scavengers market is valued at US$ 2.2 billion in 2022.
• Over the next ten years, demand for oxygen scavengers is predicted to rise at a 5% CAGR.
• By 2032-end, oxygen scavenger sales are slated to accumulate a revenue value of US$ 3.6 billion.
• Increasing investments in the oil & gas industry, rising demand for convenience foods, growing disposable income, increasing population, and changing consumer preferences are prime factors that boost market growth.
• The non-volatile nature of oxygen scavengers and health risks associated with prolonged exposure are expected to inhibit market growth in the coming years.
• Consumption of oxygen scavengers in China is forecasted to increase at a 6.7% CAGR through 2032.
• Sales of metallic oxygen scavengers are estimated to attain a value of US$ 1.8 billion by the end of 2032.

"Increasing investments in the expansion of the manufacturing sector in Asia Pacific are projected to provide lucrative opportunities for oxygen scavenger suppliers going forward," says a Fact.MR analyst

𝗪𝗶𝗻𝗻𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆

Oxygen scavenger manufacturers are investing in the research and development of novel products and increasing the frequency of product launches to cash in the rising demand from several industry verticals. Market players are also expected to eye collaborations, mergers, and partnerships to improve their market presence.
A comprehensive account of all strategies adopted by major and minor companies has been listed in this latest oxygen scavengers industry survey by Fact.MR, a market research and competitive intelligence provider.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

• BASF SE
• Baker Hughes
• Innospec Inc.
• Arkema Group
• Clariant
• Solvay America Inc.
• Kemira
• Coventya
• Lubchem
• Mitsubishi Gas Chemical Company Inc.
• Solenis
• SUEZ
• Accepta Ltd.
• Sealed Air Corporation
• Ricmar Industries

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗿𝘃𝗲𝘆

• By Type:
o Organic
o Inorganic

• By Material:
o Metallic
o Non-metallic

• By End-use Industry:
o Food & Beverages
o Pharmaceuticals
o Power
o Oil & Gas
o Chemicals
o Pulp & Paper
o Other Industries

• By Region:
o North America
o Latin America
o Europe
o APAC
o MEA

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲

Fact.MR, in its new offering, presents an unbiased analysis of the global oxygen scavengers market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of material (metallic, non-metallic), type (organic, inorganic), and end-use industry (food & beverages, pharmaceuticals, power, oil & gas, chemicals, pulp & paper, other industries), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7937?AS

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This release was published on openPR.