The global Oxygen Scavenger Market was valued at USD 1.98 billion in 2021 and is expected to reach USD 2.68 billion by the year 2028, at a CAGR of 4.4%.
The oxygen scavenger market referred to as the oxygen absorbers, are used specially to overcome or eliminate oxygen from packaged foods and also in feed water for boiler systems. Oxygen scavengers are permanent chemical absorbers that belong to molecular oxygen that are utilized to defend or to control oxygen deterioration rate and to prevent wastage in packaged foods, beverages, pharmaceuticals, and medical devices. Oxygen scavengers are also utilized to prevent metal and alloy fabricated equipment from corrosion caused by dissolved oxygen in a steam boiler at atmospheric conditions, as well as to control corrosion of industrial liquid separation processes such as in distillation, extraction, and wastewater treatment plants where saltwater is generally manufactured in large quantity.
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Players Covered in the Oxygen Scavenger market are :
BASF SE, Accepta Ltd., Multisorb Technologies Inc., Mitsubishi Gas Chemical Company Inc., Angus Chemical Company, Arkema S.A., Chemfax Products Ltd., Solenis LLC, Clariant International Ltd., RoEmex Limited, Eastman Chemical Company, Ecolab Inc., Guardian Chemicals Inc., Thermax Ltd, Henkel AG & Co. KGaA, Hydrite Chemical Co., TETRA Technologies Inc.SUEZ Water Technologies & Solutions and other major players.
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The global Oxygen Scavenger Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Oxygen Scavenger Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Oxygen Scavenger Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Oxygen Scavenger Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Oxygen Scavenger Market Report:
The oxygen scavenger market can be segmented in various ways, depending on the criteria used to classify the different aspects of the industry. Here are some common segmentation factors for the oxygen scavenger market:
By Type
· Metallic Oxygen Scavengers
· Non-Metallic Oxygen Scavengers
By Composition
· Organic
· Inorganic
By Form
· Liquid
· Powder
· Bottle Caps & Labels
· Sachets
· Canisters
· OS Films & PET Bottles
By End-Use Industry
· Food & Beverage
· Pulp& Paper
· Pharmaceutical
· Others
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact on Oxygen Scavenger Market:
Owing to the ongoing pandemic, industries such as food & beverage, textile, pulp & paper, and power have been affected worldwide. The COVID-19 pandemic declined the growth of the water sector in 2020 during the lockdown period. Oxygen scavengers are utilized for applications, such as water treatment to eliminate the oxygen present, which can otherwise damage equipment, pipelines, and others, and food or medicine packaging applications in sectors such as food & beverage, pulp & paper, power, oil & gas, pharmaceutical, chemical, and so on. The industry had to cope with supply chain disruptions, a shift in demand patterns, and other emergency measures. Many crucial users of water diminished their requirements owing to shutdowns or decreased activities. Revenue loss and declined capital expenditures were observed during this pandemic period. In the short term, measures such as long-term CAPEX planning to build resilience, controlling proper hygiene at workplaces, proper communication, government fiscal support, better supply chain planning, and resuming industrial operations are anticipated to improve revenue and stabilize growth.
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