Global Oxygen Scavengers Market Report, Size, Share, Analysis 2017 and Forecast to 2023

According to Stratistics MRC, the Global Oxygen Scavengers Market is accounted for $1.68 billion in 2016 and is expected to reach $2.56 billion by 2023 growing at a CAGR of 6.2% during the forecast period.

Factors such as increasing awareness regarding reduction of food wastage, rising disposable income and changing lifestyle are fueling the market growth. However, non-volatile nature of oxygen scavengers is hampering the market growth. Necessity of technical skill for handling oxygen scavengers is one of the major challenges in the market.

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By Scavengers Type, Metallic oxygen scavengers segment is anticipated to hold the largest market share during the forecast period. Iron oxide is broadly used as an oxygen scavenger in variety of end-user sectors including Pharmaceutical and Food & beverage. Non-metallic oxygen scavengers segment is expected to grow at the highest CAGR during the forecast period. Non-metallic oxygen scavengers have also been developed to alleviate the potential for metallic tains being imparted to food products.

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Non-metallic scavengers include organic reducing agents such as ascorbic acid, ascorbate salts or catechol. It required high relative humidity (RH) to make sure a high oxygen absorption capacity and average oxygen absorption capacity. It is important to think the storage conditions before using a non-metallic scavenger for active food packaging.

By Geography, North America commanded the largest market share attributed to the huge disposable income. Asia Pacific is expected to grow at a fastest CAGR attributed to rising demand for packaged food and growing urbanization in the region.

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Some of the key players in Oxygen Scavengers market include BASF SE, Henkel AG & Co. KGaA, Baker Hughes Incorporated, Mitsubishi Gas Chemical Company, Inc., Ecolab Inc., Sealed Air Corporation, Clariant International Ltd., Aditya Birla Chemicals, Lonza AG, Thermax Ltd., Esseco UK Limited, Accepta Water Treatment, Arkema Group, MCC Chemicals, Inc. and Kemira OYJ.

End Users Covered:
• Chemical
• Food & beverage
• Oil & gas
• Pharmaceutical
• Pulp & paper
• Power
• Sugar Industry
• Other End Users

Scavengers Types Covered:
• Metallic oxygen scavengers
• Non-metallic oxygen scavengers

Applications Covered:
• Processed Food
• Boiler Feed Water
• Food Products

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 251399