Global Oxygen Scavengers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global oxygen scavengers market in its upcoming report titled, “Global Oxygen Scavengers Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global adhesives & sealants market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global oxygen scavengers market report has been segmented on the basis of product, technology, application, and region.

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Oxygen scavengers are irreversible absorbers for oxygen, which are used to prevent corrosion of metal and alloy equipment caused by dissolved oxygen. Oxygen scavengers are extensively used in many industries such as food & beverages, pharmaceutical, power generation, oil & gas, chemical, and pulp & paper to improve shelf-life and safety of products. Components of oxygen scavengers such as iron powder, ascorbic acid, photosensitive polymers, enzymes, etc. are treated with feed water to absorb oxygen from it.

Oxygen scavenging process is extensively used in the food & beverages industry during packaging, to remove or decrease level of oxygen in packages, which improves shelf-life of products and prevents it from contamination. Rising demand for high quality packaged food, and increasing disposable income of middle-class in emerging countries are fuelling demand for packaged food. In addition, oxygen scavengers are used to improve water quality for boiler feed, to avoid corrosion of equipment occurred due to dissolved oxygen, and to remove oxygen from pharmaceutical packing. The rising demand from the end-use industries such as pharmaceuticals, oil & gas, and chemical industries, is a key factor driving growth of the global oxygen scavengers market.

Effective oxygen scavengers such as hydrazine are relatively costlier than other sulphide scavenger components which is a key factor restraining growth of oxygen scavengers. However, adoption of advanced materials in oxygen scavengers such as enzymes and DEHA are expected to create significant opportunities in the global oxygen scavengers market during forecast period.

The market in North America accounted for highest share in the global oxygen scavengers market, owing to the several measures taken to avoid contamination in food products and pharmaceuticals, and also to improve durability of products. Asia Pacific is expected to witness fastest growth with CAGR of X.X% owing to growth in packaged food industry, coupled with growing industrial sector such as pharmaceuticals and chemical industries in the region.

Global Oxygen Scavengers Market Segmentation:

Global oxygen scavengers market segmentation by type:

• Metallic oxygen scavengers
• Non-metallic oxygen scavengers

Global oxygen scavengers market segmentation by end-use industry:

• Food & beverages
• Pharmaceutical
• Power
• Oil & gas
• Chemical
• Pulp & paper
• Others

Global oxygen scavengers market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa