Oxygen scavengers are chemicals which absorbs oxygen in packages, and also help in preventing corrosion of metal and alloy equipment, by removing dissolved oxygen. Their main aim is to maintain product safety and increase its shelf-life. Organic scavengers were traditionally made of iron particles and nowadays are made of organic and inorganic materials such as sulphite, tannin, DEHA, and carbohydrazide. These products have wide applications in many industries such as food & beverages, pharmaceuticals, power generation, oil & gas, and chemicals.
Oxygen scavengers are used to remove oxygen from food & beverages and pharmaceuticals packaging, which improves the shelf-life of products. They also reduce the risk of vitamin oxidation, growth of the aerobic pathogen and spoilage organisms. Rising demand for high quality packaged food items is boosting demand of oxygen scavengers in food & beverages industry. Additionally, oxygen scavengers remove dissolved oxygen from boiler feeds, which reduces corrosion in equipment. Growth of the global oxygen scavengers market is attributed to the rising demand of oxygen scavengers from end-use industries using boiler feeds, such as oil & gas and chemical industries to improve shelf-life of equipment.
Cost of effective oxygen scavenger such as Diethyl hydroxylamine (DEHA) and ascorbic acid is high, which is one of the key constraints of the global oxygen scavengers market. However, key players are focusing to develop cost effective technology to improve shelf-life of industrial equipment by replacing iron powder with other materials such as enzymes and carbohydrazide. Adoption of these advancement and sustainable development technologies are expected to create significant opportunities in the global oxygen scavengers market during forecast period.
On the basis of end-use industry, food & beverages industry is expected to be the largest consumer in the global oxygen scavengers market over forecast period owing to its extensive use to improve shelf-life of products such as bakery items, frozen foods, beer, fresh pastas, and coffee.
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The global oxygen scavengers market report has been segmented on the basis of type, end-use industry, and region. On the basis of region, the global oxygen scavengers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for the highest share in terms of revenue in the global oxygen scavengers market, owing to high demand from food & beverages, chemicals, and pharmaceutical industries. Asia Pacific is expected to witness fastest growth with CAGR of X.X% owing to growth in packaged food industry, coupled with growing packaging sector in the region.
Key player in the global oxygen scavengers market include Mitsubishi Gas Chemical Company, BASF SE, Ecolab Inc., Clariant International AG., Kemira OYJ, Sealed Air Corporation, Baker Hughes Incorporated, Innospec Inc., Arkema S.A., and Accepta AS.