The global sales of oxygen scavengers in the market currently amount to US$ 2.2 billion and are projected to exceed US$ 3.6 billion by the end of 2032. Over the next decade, the oxygen scavengers market (脱酸素剤市場) is expected to grow at a compound annual growth rate (CAGR) of 5%. The Oxygen Scavengers market plays an indispensable role in preserving the integrity of various products across industries such as food and beverage, pharmaceuticals, oil and gas, and water treatment.

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Market Dynamics:

The demand for oxygen scavengers is propelled by stringent regulatory requirements ensuring product safety and quality. With consumers increasingly conscious about health and sustainability, industries are under pressure to maintain the freshness and efficacy of their products. Additionally, the rise in global food trade amplifies the need for efficient preservation techniques, driving the market forward.

Furthermore, the growing adoption of advanced packaging materials and technologies, coupled with the expanding industrial applications, fuels the demand for oxygen scavengers. However, challenges such as fluctuating raw material prices and the emergence of alternative preservation methods pose constraints to market growth.

Market Future Outlook:

The future of the oxygen scavengers market appears promising, with a projected compound annual growth rate (CAGR) indicating sustained expansion. This growth will be fueled by innovations in scavenging technologies, catering to specific industry requirements. Moreover, as developing regions witness economic growth and infrastructural advancements, the demand for oxygen scavengers is expected to escalate.

Additionally, the market is poised to benefit from increasing research and development investments aimed at enhancing scavenger efficiency and eco-friendliness. The integration of nanotechnology and biodegradable materials into scavenger formulations represents a significant trend that will shape the market's trajectory in the coming years.

Market Insights:

Key insights reveal a significant uptake of oxygen scavengers in the food and beverage industry, particularly in the preservation of packaged foods, beverages, and pharmaceutical products. The pharmaceutical sector, in particular, relies on oxygen scavengers to maintain the stability and potency of drugs susceptible to oxidation.

Moreover, the oil and gas industry utilizes oxygen scavengers to mitigate corrosion in pipelines and storage tanks, ensuring the integrity of infrastructure and preventing costly damages. Water treatment facilities also employ scavengers to eliminate dissolved oxygen, safeguarding equipment and enhancing operational efficiency.

Key Players:

• BASF SE
• Baker Hughes
• Innospec Inc.
• Arkema Group
• Clariant
• Solvay America Inc.
• Kemira
• Coventya
• Lubchem
• Mitsubishi Gas Chemical Company Inc.
• Solenis
• SUEZ
• Accepta Ltd.
• Sealed Air Corporation
• Ricmar Industries

Competitive Landscape:

Key players in the oxygen scavengers market (marché des désoxygénants) are actively introducing new products with enhanced capabilities to broaden their sales reach across various industries.

For instance, in April 2020, Avient, a prominent polymer and materials manufacturer, unveiled a new low-haze oxygen scavenger for PET rigid packaging called ColorMatrix Amosorb 4020G. Unlike traditional nylon-based scavengers, this product minimizes yellowing during the mechanical recycling process, thereby reducing its impact on recycled PET.

Additionally, players in the oxygen scavengers market are expected to pursue mergers and acquisitions to bolster their market presence and boost revenue. For example, in August 2022, Solenis, a specialty chemicals manufacturer, announced its acquisition of Clearon, a producer of sanitizers and disinfectants. This strategic move has reinforced Solenis' position in the water treatment industry.

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Key Segments of Oxygen Scavengers Industry Research

• By Type:

  • Organic 

  • Inorganic 

• By Material:

  • Metallic

  • Non-metallic 

• By End-use Industry:

  • Food & Beverages

  • Pharmaceuticals

  • Power

  • Oil & Gas

  • Chemicals

  • Pulp & Paper

  • Other Industries

• By Region:

  • North America

  • Latin America

  • Europe

  • APAC

  • MEA

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