Global Oxygen Scavengers Market is accounted for $2.38 billion in 2020 and is expected to reach $4.15 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Factors such as increasing demand for fresh and quality packaged food, increasing disposable income of middle-class in emerging countries, rising demand from the end-use industries such as pharmaceuticals, oil & gas, and chemical industries, and gradual revival of the oil & gas sector are driving the market growth.
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By geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, owing to increasing demand for packaged food, growing urbanization in the region, and rising standard of living. In addition, government initiatives and policies to attract investments from various international companies will boost the growth of various end-use industries of oxygen scavengers and support the growth of the market in the region. Moreover, China, Japan, India, and South Korea are some of the key countries in the region contributing to the growth of the oxygen scavengers market in Asia Pacific.
Some of the key players profiled in the Oxygen Scavengers Market include DOW Chemical Company, Mitsubishi Gas Chemical Company, Ecolab Inc, Kemira OYJ, BASF SE, Clariant AG, Arkema Group, Solenis LLC, Aditya Birla Chemicals, Henkel AG & Co. KGaA, Tetra Technologies, Inc., Sealed Air Corporation, Baker Hughes Incorporated, Veolia Water Technologies, Eastman Chemical Company, Lonza AG, GE Water & Process Technologies, and Thermax Ltd.
Types Covered in Oxygen Scavengers Market
• Non-Metallic Oxygen Scavengers
• Metallic Oxygen Scavengers
• Methyl Cyanoacrylate
• Ethyl Cyanoacrylate
Forms Covered:
• Oxygen Scavenging (OS) Films & Polyethylene Terephthalate (PET) Bottles
• Sachets/Canisters/Bottle Caps & Labels
• Powder
• Liquid
Compositions Covered:
• Inorganic
• Organic
Applications Covered:
• Food Products
• Boiler Feed Water
• Processed Food
• Rigid Packaging
• Flexible Packaging
End Users Covered:
• Pharmaceutical
• Oil & Gas
• Pulp & Paper
• Food & Beverage
• Chemical
• Power Generation
• Industrial/Metal
• Other End Users
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