According to IMARC Group latest report titled “Oxygen Scavengers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on oxygen scavengers market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global oxygen scavengers market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.62% during 2024-2032.

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Oxygen scavengers are chemical substances used in various industries, primarily in packaging and water treatment, to remove or reduce the presence of oxygen in an environment. Their primary purpose is to prevent oxidation, spoilage, and corrosion, particularly in sensitive products or systems. Oxygen scavengers play a crucial role in maintaining product quality, extending shelf life, and preserving the integrity of various materials. These scavengers are typically incorporated into packaging materials or sachets to absorb any residual oxygen within the packaging, preventing spoilage and maintaining product freshness. They are especially beneficial for perishable goods, such as snacks, processed foods, and pharmaceuticals. In water treatment, oxygen scavengers are employed to eliminate dissolved oxygen from water systems. High levels of oxygen can lead to corrosion in pipelines, boilers, and industrial equipment.  

Market Trends:

The growing need to prevent oxidation and preserve product quality is driving the global market. Oxygen can lead to spoilage, corrosion, and degradation of products in industries such as food and beverage, pharmaceuticals, and packaging. Oxygen scavengers are essential in removing or reducing the presence of oxygen, ensuring product stability and shelf life. Moreover, the demand for sustainable packaging solutions is another significant factor. Oxygen scavengers enable the use of eco-friendly and reduced packaging materials, leading to cost savings and environmental benefits. As sustainability becomes a key focus for businesses and consumers, the adoption of oxygen scavengers in packaging is on the rise. Furthermore, the growth of the electronics industry is contributing to the oxygen scavenger market. Electronics manufacturers use oxygen scavengers to protect sensitive components from oxidation and moisture during storage and transportation. This ensures the reliability and longevity of electronic devices.

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Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.

• Accepta Ltd
• Arkema Group
• Baker Hughes Company
• BASF SE
• Chemfax Products Ltd.
• Clariant AG,
• Eastman Chemical Company
• Ecolab Inc.
• Esseco Ltd
• Mitsubishi Gas Chemical Company Inc.
• Solvay
• Suez SA (Veolia Environnement S.A)
• Thermax Ltd.

Key Market Segmentation:

Our report has categorized the market based on region, type and end use.

Type Insights:

• Metallic
• Non-Metallic

End Use Insights:

• Food and Beverage
• Pharmaceuticals
• Chemicals
• Oil and Gas
• Others

Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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