The oxygen scavenger market size is expected to see strong growth in the next few years. It will grow to $3.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to aerospace and defense, e-commerce, oil and gas exploration, industrial automation, electronics industry, medical devices and diagnostics. Major trends in the forecast period include sustainability and green packaging, water treatment, industrial automation, advanced packaging materials, corrosion prevention.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/oxygen-scavenger-global-market-report
Segmentation & Regional Insights
The oxygen scavenger market covered in this report is segmented –
1) By Type: Metallic, Non-Metallic
2) By Composition: Organic, Inorganic
3) By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder
4) By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper
North America was the largest region in the oxygen scavenger market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxygen scavenger market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5913&type=smp
Major Driver Impacting Market Growth
The increase in demand from the food and beverage industry is expected to propel the growth of the oxygen scavengers market going forward. The food industry involves the production, processing, preparation, conversion, preservation, and packaging of foodstuffs. Oxygen scavengers are added to the foods and beverages to reduce or completely remove dissolved oxygen to extend shelf life and maintain the original food quality. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, the revenue generated from food and beverage sales reached $29.85 billion (SEK 334 billion), marking a 2.9 percent growth. This growth can be attributed to a 2.5 percent rise in sales volume and a 0.4 percent uptick in the prices of food and beverages. Therefore, the increased demand from the food and beverage industry is driving the oxygen scavenger market growth.
Key Industry Players
Major companies operating in the oxygen scavenger market include Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant AG, Ecolab Inc., Accepta Ltd., Arkema Group, Eastman Chemical Company, Henkel AG & Co. KGaA, Aditya Birla Chemicals, Esseco Ltd., Kuraray Co. Ltd., DOW Chemical Company, Conventya Inc., Chemco Industries Inc., Kemira Oyj, Hydrite Chemical Co., Kurita Water Industries Ltd., Baker Hughes, Innospec Inc., GE Water & Process Technologies, Veolia Water Technologies, Nalco Water, ChemTreat Inc., Italmatch Chemicals S.p.A., BWA Water Additives US LLC, Carus Corporation, SNF Group, Buckman Laboratories International Inc., Solvay SA, Lubrizol Corporation, Huntsman Corporation, AkzoNobel N.V., Evonik Industries AG, Calgon Carbon Corporation, Sumitomo Chemical Co. Ltd., Tosoh Corporation, Weifang Yaxing Chemical Co.Ltd., Chemworld Overseas Private Limited
The oxygen scavenger market report table of contents includes:
1. Executive Summary
2. Oxygen Scavenger Market Characteristics
3. Oxygen Scavenger Market Trends And Strategies
4. Oxygen Scavenger Market – Macro Economic Scenario
5. Global Oxygen Scavenger Market Size and Growth
…………………
31. Global Oxygen Scavenger Market Competitive Benchmarking
32. Global Oxygen Scavenger Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Oxygen Scavenger Market
34. Oxygen Scavenger Market Future Outlook and Potential Analysis
35. Appendix
Explore the trending research reports from TBRC:
https://goodprnews.com/leavening-agents-global-market-share/
https://goodprnews.com/live-cell-imaging-global-market-size/
https://goodprnews.com/marine-hybrid-propulsion-global-market-size/
https://topprnews.com/leavening-agents-global-market-growth/
https://topprnews.com/live-cell-imaging-global-market-share/
https://topprnews.com/marine-hybrid-propulsion-global-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The yeast infection treatment market size is expected to see strong growth in the next…
The 3d and 4d technology global market report 2024 from The Business Research Company provides…
Quantum Computing Market Size: The global Quantum Computing Market was valued at USD 2.96 billion in 2023…
Fluorspar Market Overview Fluorspar, a mineral composed mainly of calcium fluoride, plays a pivotal role…
Cold Chain Monitoring Market Overview: The Cold Chain Monitoring Market is experiencing robust growth, with an estimated…
Smart Irrigation Market Overview: The global Smart Irrigation Market, valued at USD 2.02 billion in 2023,…