Oxygen Scavengers Market Global Industry Analysis and Forecast (2017-2026)
Oxygen Scavengers Market is expected to reach USD 3.07 Billion by 2026 from USD 1.85 Billion in 2016 at a CAGR of 5.2%.
Oxygen scavengers help to retain the fresh-roasted flavour of coffee and nuts, avoiding oxidation of oleoresins existing in spices and in seasoning foods and extending life of pharmaceutical drugs this has resulted into its extensive use in pharma and food & beverages hence driving the market growth. Oxygen scavengers properties of enhancing production efficiency, improving operational reliability and ensuring safety compliance along with environmental regulations will further augment market growth. Oxygen scavenger has been gaining popularity in industry because oxygen scavenger provides trouble-free steam production through boilers.
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Oxygen Scavengers Market
Oxygen scavenger market based on type has been segmented into metallic oxygen scavenger and non-metallic oxygen scavenger. Metallic oxygen scavenger segment is expected to be one of the major contributors for the market growth during the forecast period. Metallic oxygen scavenger are largely used in packaging application to avoid spoilage, colour change, loss of nutritive values and loss of overall product quality.
Food & beverage, pharmaceutical, oil & gas, power, pulp & paper, chemical, others are end use industry of oxygen scavenger. Food & beverage segment is expected to hold one of the largest shares of the market during the forecast period. Shelf life of products is increase due to oxygen scavengers from 3-5 days to 15 days or more, thereby it is largely used in food and beverage industry.
Geographically, the oxygen scavenger market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is dominating the market for oxygen scavengers during the forecast period. This is due to the huge industrial base and large disposable income is expected to drive the market growth in North America while Asia Pacific is expected to grow at a high CAGR during the forecast period.
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Scope of the Report:
Oxygen Scavengers Market, By Type:
• Metallic oxygen scavengers
• Non-metallic oxygen scavengers
Oxygen Scavengers Market, By End-use Industry:
• Food & beverage
• Pharmaceutical
• Oil & gas
• Power
• Pulp & paper
• Chemical
• Others
Oxygen Scavengers Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Analysed in the Report:
• Mitsubishi Gas Chemical Company (Japan)
• Ecolab Inc. (US)
• BASF SE (Germany)
• Clariant Ltd. (Switzerland)
• Arkema Group (US)
• Kemira OYJ (Finland)
• Sealed Air Corporation (US)
• Baker Hughes Incorporated (US)
• Solenis LLC (US)
• Aditya Birla Chemicals (India)
MAJOR TOC OF THE REPORT
Chapter One: Oxygen Scavengers Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Oxygen Scavengers Market Competition, by Players
Chapter Four: Global Oxygen Scavengers Market Size by Regions
Chapter Five: North America Oxygen Scavengers Revenue by Countries
Chapter Six: Europe Oxygen Scavengers Revenue by Countries
Chapter Seven: Asia-Pacific Oxygen Scavengers Revenue by Countries
Chapter Eight: South America Oxygen Scavengers Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Oxygen Scavengers by Countries
Chapter Ten: Global Oxygen Scavengers Market Segment by Type
Chapter Eleven: Global Oxygen Scavengers Market Segment by Application
Chapter Twelve: Global Oxygen Scavengers Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Oxygen Scavengers Market Report at: https://www.maximizemarketresearch.com/market-report/oxygen-scavengers-market/2666/
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