Oxygen Scavenger Trends and Forecast
The future of the global oxygen scavenger market looks promising with opportunities in the food & beverage, pharmaceutical, power, oil & gas, chemical and pulp & paper markets. The global oxygen scavenger market is expected to reach an estimated $3.1 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising demand for packaged food that is fresh and of high quality and growing need for process water across various end-use industries.Oxygen Scavenger by Segment
The study includes a forecast for the global oxygen scavenger by type, application, and region.Oxygen Scavenger Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Inorganic Oxygen Scavengers
- Organic Oxygens Scavengers
Oxygen Scavenger Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Food & Beverage
- Pharmaceutical
- Power
- Oil & Gas
- Chemical
- Pulp & Paper
- Others
Oxygen Scavenger Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Oxygen Scavenger Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies oxygen scavenger companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the oxygen scavenger companies profiled in this report include-- Mitsubishi Gas Chemical
- BASF
- Clariant
- Ecolab
- SUEZ Water Technologies & Solutions
- Accepta
- Arkema
Oxygen Scavenger Market Insights
The publisher forecasts that inorganic oxygen scavengers will remain the largest segment over the forecast period due to the food and beverage industry's use of these materials in packaging applications to achieve improved quality and extended shelf life.Within this market, food & beverage will remain the largest segment due to surge in demand for convenient foods, a decrease in food wastage, and the expanding urbanization trend in emerging economies.
APAC is expected to witness highest growth over the forecast period due to rise in population coupled with an increasing rate of urbanization.
Features of the Global Oxygen Scavenger Market
- Market Size Estimates: Oxygen scavenger market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Oxygen scavenger market size by type, application, and region in terms of value ($B).
- Regional Analysis: Oxygen scavenger market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the oxygen scavenger market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the oxygen scavenger market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the oxygen scavenger market size?Answer: The global oxygen scavenger market is expected to reach an estimated $3.1 billion by 2030.
Q2. What is the growth forecast for oxygen scavenger market?
Answer: The global oxygen scavenger market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the oxygen scavenger market?
Answer: The major drivers for this market are rising demand for packaged food that is fresh and of high quality and growing need for process water across various end-use industries.
Q4. What are the major segments for oxygen scavenger market?
Answer: The future of the oxygen scavenger market looks promising with opportunities in the food & beverage, pharmaceutical, power, oil & gas, chemical and pulp & paper markets.
Q5. Who are the key oxygen scavenger market companies?
Answer: Some of the key oxygen scavenger companies are as follows:
- Mitsubishi Gas Chemical
- BASF
- Clariant
- Ecolab
- SUEZ Water Technologies & Solutions
- Accepta
- Arkema
Answer: The publisher forecasts that inorganic oxygen scavengers will remain the largest segment over the forecast period due to the food and beverage industry's use of these materials in packaging applications to achieve improved quality and extended shelf life.
Q7. In oxygen scavenger market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rise in population coupled with an increasing rate of urbanization.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the oxygen scavenger market by type (inorganic oxygen scavengers and organic oxygens scavengers), application (food & beverage, pharmaceutical, power, oil & gas, chemical, pulp & paper, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Oxygen Scavenger Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Mitsubishi Gas Chemical
- BASF
- Clariant
- Ecolab
- SUEZ Water Technologies & Solutions
- Accepta
- Arkema
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
