logo

Oxygen Scavengers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Oxygen Scavengers and Non-metallic), End-user Industry (Food and Beverage, Pharmaceutical, Power, Oil and Gas, Chemical, Pulp and Paper, and Other End-user Industries), and Geography (Asia-Pacific, North America, South America, Europe, and Middle East & Africa).

Home Industry Reports Chemicals & Materials Oxygen Scavengers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 ...

Market Snapshot

Oxygen Scavengers Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4 %
Oxygen Scavengers Market Key Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for oxygen scavengers is expected to register a CAGR of over 4%, during the forecast period. One of the key factors driving the market is the increasing demand for fresh and quality packaged food. However, the non-volatile nature of oxygen scavengers is likely to restrain market growth.

  • The food and beverage industry is expected to dominate the market, during the forecast period.
  • Increasing demand from industrial boilers is expected to create growth opportunities for the market, in the future.
  • North America accounted for the highest market share globally.

Scope of the Report

The oxygen scavengers market report includes:

Type
Metallic Oxygen Scavengers
Non-metallic Oxygen Scavengers
End-user Industry
Food and Beverage
Pharmaceutical
Power
Oil and Gas
Chemical
Pulp and Paper
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

Report scope can be customized per your requirements. Click here.

Key Market Trends

Food and Beverage Industry to Dominate the Market

  • The food and beverage industry accounted for the highest market share globally.
  • Oxygen scavengers are used to extend the shelf life and maintain the natural efficacy of food products. They protect food products against oxygen degradation, thus increasing the shelf life, customer acceptability, and safety of food products.
  • The use of oxygen scavengers in packaging eliminates the need for preservatives, thereby improving the quality of product offered to the consumer.
  • In developing countries, like India and China, the demand for packaged, processed, and ready-to-eat food is growing at a high rate, owing to urbanization and changing lifestyle.
  • Hence, the food and beverage industry is expected to dominate the market, during the forecast period.
Oxygen Scavengers Market Revenue Share

Asia-Pacific to Witness the Highest Growth Rate

  • The Asia-Pacific oxygen scavengers market is witnessing strong growth, owing to the increasing demand from countries, like India and China.
  • The Chinese food and beverage industry is enormous and plays an important role in the country’s economy. The food and beverage industry is expected to register continuous growth, due to the increasing number of the middle-class population, with more purchasing power, as well as growing attention on food safety and food quality.
  • China is a hub for chemical processing, accounting for a major chunk of the chemicals produced worldwide. With the increasing demand for various chemicals worldwide, the demand for oxygen scavengers from this sector is projected to grow over the forecast period.
  • Moreover, the consumption of oxygen scavengers is high in oil and gas, and the downstream production has increased in the country, further increasing the production capacities of petrochemicals, thus augmenting the consumption of oxygen scavengers in the country.
  • India is the second-largest producer of food in the world, and one of the major consumers of packaged food and beverages. Increasing population and rising demand for packaged foods and flexible packaging are boosting the demand for oxygen scavengers.
  • Hence, Asia-Pacific may witness the highest growth rate during the forecast period, owing to the aforementioned factors.
Oxygen Scavengers Market Growth Rate By Region

Competitive Landscape

The market for oxygen scavengers is partially fragmented, as the market share is divided among several companies. Some of the key players of the market include BASF SE, MITSUBISHI GAS CHEMICAL COMPANY INC., Ecolab, Arkema, and Clariant, among others.

BASF SE, MITSUBISHI GAS CHEMICAL COMPANY INC., Ecolab, Clariant, Arkema

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Fresh and Quality Packaged Food

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Non-volatile Nature of Oxygen Scavengers

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Metallic Oxygen Scavengers

      2. 5.1.2 Non-metallic Oxygen Scavengers

    2. 5.2 End-user Industry

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Power

      4. 5.2.4 Oil and Gas

      5. 5.2.5 Chemical

      6. 5.2.6 Pulp and Paper

      7. 5.2.7 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 France

        3. 5.3.3.3 United Kingdom

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of the Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Accepta Ltd

      2. 6.4.2 Arkema Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Clariant

      5. 6.4.5 Kemira

      6. 6.4.6 Mitsubishi Gas Chemical Company Inc.

      7. 6.4.7 Solenis

      8. 6.4.8 Solvay America Inc.

      9. 6.4.9 SUEZ

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand from Industrial Boilers

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Oxygen Scavengers Market market is studied from 2016 - 2026.

The Oxygen Scavengers Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

BASF SE, MITSUBISHI GAS CHEMICAL COMPANY INC., Ecolab, Clariant, Arkema are the major companies operating in Oxygen Scavengers Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!