Oxygen Scavenger Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions.

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

Lucintel 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

Q6. Which oxygen scavenger market segment will be the largest in future?

Answer: Lucintel 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, Lucintel 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?