Global Oxygen Scavenger Market

Report Code: AVM244A

Publish Date: Jan 2024

Publisher: BCC Publishing

Category: Advanced Materials

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Report Highlights

The global market for oxygen scavengers is expected to grow from $2.4 billion in 2023 to $3.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 5.1% during the forecast period of 2023-2028.

Report Includes

  • 67 data tables and 39 additional tables
  • An overview of the global market landscape related to the oxygen scavengers
  • In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2027. This analysis includes projections of Compound Annual Growth Rates (CAGRs) spanning through 2028
  • Evaluation of the current market size and revenue growth prospects specific to oxygen scavengers, accompanied by a comprehensive market share analysis categorized by type, composition, form, end-use industry, and geographic region
  • Information on oxygen scavengers designs and forms, including powder, liquid, and resins
  • Coverage of various applications of oxygen scavenger such as food & beverage, pharmaceutical, power, oil & gas, pulp & paper, and chemical industry, and their innovative packaging technologies
  • Information on latest developments, new industry research, upcoming technologies, industry structure, and regulatory scenarios, and economic trends
  • Identification of challenges and discussion on how to overcome from those to reach its commercialization potential
  • Discussion on importance of ESG in the oxygen scavenger industry, assessment of ESG ratings and metrics, ESG practices, and current status and future of ESG in the oxygen scavenger market
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
  • Detailed profiles of leading market participants, providing a descriptive overview of their respective businesses

Report Scope

The report will include details about various types of compositions used in oxygen scavengers, end-use industries for oxygen scavengers, and forms of oxygen scavengers. Estimated values are based on manufacturers’ total revenues. Projected revenue values are in constant U.S. dollars, unadjusted for inflation. The report contains comprehensive information regarding the oxygen scavenger industry and the users thereof.

The global oxygen scavenger market is segmented into the following categories:

  • Type (metallic oxygen scavenger and non-metallic oxygen scavenger).
  • Composition (organic and inorganic).
  • Form (powder, liquid and resin).
  • End use (food and beverage, pharmaceutical, power, oil and gas, pulp and paper, and chemical).
  • Region: North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $2.3 billion
Market size forecast $3.1 billion
Growth rate CAGR of 5.1% from 2023 to 2028
Units considered $ Millions
Segments covered By Type, Form, Composition, End-use Industry, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers
  • Rising Demand from Healthcare Industry
  • Initiatives by Regulatory Bodies to Improve Food Safety Across Countries
Companies studied
ACCEPTA WATER TREATMENTANGUS CHEMICAL CO.
ARKEMAAVIENT CORP.
BASF SECHARDON LAB
CLARIANTDESICCARE INC.
EASTMAN CHEMICAL CO.ECOLAB
HENKEL AG & CO. KGAAMITSUBISHI GAS CHEMICAL CO. INC.
MULTISORBTHE SHERWIN-WILLIAMS CO.
THERMAX LTD.
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Frequently Asked Questions (FAQs)

The global oxygen scavenger market is projected to grow from $2.3 billion in 2022 to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 5.1% during the forecast period.
The key factors driving the growth of the oxygen scavenger market include:
  • Rising demand from healthcare industry.
  • Initiatives by regulatory bodies to improve food safety across countries.
The oxygen scavenger market is segmented on the basis of type, end-use, form, composition, and region. By type, it is segmented into metallic oxygen scavengers and non-metallic oxygen scavengers; by composition the market is segmented into organic and inorganic; by form, the market is segmented into powder, liquid, and resin; by end-use, the market is segmented into food & beverage, pharmaceutical, power, oil & gas, pulp & paper, chemical, and others.
The food and beverage segment will dominate by the end of 2028. Processed food manufacturers are regularly buying oxygen scavenger products for their food packaging. Oxygen scavengers can be incorporated into containers, sachets, stickers, labels, and packaging film.
Europe holds the highest share of the market. European end-consumers mostly consume packaged foods in their daily life. Also, these consumers are continuously demanding processed food products and ready-to-eat products. The European Union designed several strict norms for food packaging. These rules are designed based on plastic materials, recycled plastic materials, regenerated cellulose film, and active and intelligent materials. These are the driving factors of the European oxygen scavenger market.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Consulting Editor’s Credentials

Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Oxygen Scavenger Market138Free
Chapter- 1: Introduction4Free
Chapter- 2: Summary and Highlights4Free
Chapter- 3: Market Overview7Free
Chapter- 4: Market Dynamics6Free
Chapter- 5: Emerging Technologies and Development2Free
Chapter- 6: Global Oxygen Scavenger Market by Type9Free
Chapter- 7: Global Oxygen Scavenger Market by Form6Free
Chapter- 8: Global Oxygen Scavenger Market by Composition5Free
Chapter- 9: Global Oxygen Scavenger Market by End-use Industry11Free
Chapter- 10: Global Oxygen Scavenger Market by Region18Free
Chapter- 11: Sustainability in Oxygen Scavenger Industry: An ESG Perspective10Free
Chapter- 12: Patent Analysis5Free
Chapter- 13: M&A and Funding Outlook1Free
Chapter- 14: Competitive Intelligence2Free
Chapter- 15: Company Profiles46Free
Chapter- 16: Appendix: Abbreviations2Free

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Global Oxygen Scavenger Market
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