Key Trends in Oxygen Scavengers Market Growth Expected at 5% CAGR through 2032

The global sales of oxygen scavengers in the market currently amount to US$ 2.2 billion and are projected to exceed US$ 3.6 billion by the end of 2032. Over the next decade, the oxygen scavengers market (脱酸素剤市場) is expected to grow at a compound annual growth rate (CAGR) of 5%. The oxygen scavengers market is experiencing significant growth, driven by the increasing demand for oxygen-free environments in various industries such as food and beverage, pharmaceuticals, oil and gas, and others. Oxygen scavengers are chemicals that react with and remove oxygen from the environment, thereby preventing oxidation and corrosion of products and equipment.

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

Market Dynamics

The primary driver of the oxygen scavengers market is the growing awareness about the detrimental effects of oxygen on products and equipment. Oxygen can cause oxidation, which leads to the deterioration of food products, degradation of pharmaceuticals, and corrosion of pipelines and storage tanks in the oil and gas industry. As a result, industries are increasingly adopting oxygen scavengers to protect their products and equipment from the harmful effects of oxygen.

Another factor driving the growth of the oxygen scavengers market is the increasing demand for packaged and processed food products. Oxygen scavengers are used in food packaging to extend the shelf life of products by preventing oxidation. With the rising demand for packaged food products, the demand for oxygen scavengers is also increasing.

Market Future Outlook

The future outlook for the oxygen scavengers market (산소 제거제 시장) is positive, with continued growth expected in the coming years. The market is expected to be driven by the increasing adoption of oxygen scavengers in emerging economies, where industrialization and urbanization are driving the demand for oxygen-free environments.

Additionally, advancements in technology are expected to drive innovation in the oxygen scavengers market, leading to the development of more effective and efficient products. This is expected to further fuel the growth of the market in the future.

Market Insights

The oxygen scavengers market is segmented based on type, application, and end-use industry. The most commonly used types of oxygen scavengers include sulfites, hydrazine, and ascorbic acid. These oxygen scavengers are used in a wide range of applications, including food packaging, pharmaceuticals, and oil and gas.

The food and beverage industry is the largest consumer of oxygen scavengers, accounting for a significant share of the market. Oxygen scavengers are used in food packaging to extend the shelf life of products and maintain their freshness and quality.

Key Players

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

Competitive Landscape

Key players in the oxygen scavengers market (marché des désoxygénants) are actively introducing new products with enhanced capabilities to broaden their sales reach across various industries.

For instance, in April 2020, Avient, a prominent polymer and materials manufacturer, unveiled a new low-haze oxygen scavenger for PET rigid packaging called ColorMatrix Amosorb 4020G. Unlike traditional nylon-based scavengers, this product minimizes yellowing during the mechanical recycling process, thereby reducing its impact on recycled PET.

Additionally, players in the oxygen scavengers market are expected to pursue mergers and acquisitions to bolster their market presence and boost revenue. For example, in August 2022, Solenis, a specialty chemicals manufacturer, announced its acquisition of Clearon, a producer of sanitizers and disinfectants. This strategic move has reinforced Solenis' position in the water treatment industry.

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

Key Segments of Oxygen Scavengers Industry Research

By Type:
Organic
Inorganic

By Material:
Metallic
Non-metallic

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

By Region:
North America
Latin America
Europe
APAC
MEA

Contact:

US Sales Office

11140 Rockville Pike

Suite 400 Rockville, MD 20852

United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)

Sales Team: sales@factmr.com

About Fact.MR :

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.