Oxygen Scavenger Market

The oxygen scavnger market size is projected to grow from USD 3.03 billion in 2024 to USD 4.32 billion by 2029, registering a CAGR of 7.3% during the forecast period. The market for oxygen scavenger is rising globally due to its usage in end-use industries like food & beverage, pharmaceutical and oil & gas especially in emerging economies. Oxygen scavengers can be defined as chemicals used to reduce the level of oxygen in enclosed packages. They are used to extend a product’s shelf life and provide safety. These chemicals reduce corrosion in water-handling equipment such as in boiler systems and feedwater systems.

The market for oxygen scavenger is expected to continue growing in the next few years due to various reasons. Market leaders in the industry are focusing on producing new and unique products to cater to the growing demand. They are also expanding their geographic presence by reaching out to emerging market players. To ensure long-term growth and strengthen their market position, several measures have been taken. These strategies would enable organizations to respond sensitively towards the growing demand for type as well as end-use industry. Also, companies operating in this market, such as Mitsubishi Gas Chemical Company, Inc. (Japan), Clariant (Switzerland), Ecolab (US), BASF (Germany), Avient Corporation (US), Veolia (France), Indoram Ventures Public Limited (Thailand), The Sherwin-Williams Company (US), ProFusion Industries (US), Ring Container Technologies (US), and Eastman Chemical Company (US), Multisorb (US), Arkema (France) adopt acquisitions, mergers, partnerships, product launches and expansions to increase their market shares and expand their geographic presence.

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Mitsubishi Gas Chemical Company, Inc. is one of the largest producers of oxygen scavengers globally. It operates through two business segments: the green energy & chemicals (formerly known as basic chemicals) and the specialty chemicals business sectors. The company offers oxygen scavengers under its specialty chemicals business segment. The company offers oxygen scavengers under its specialty chemicals business segment. Since establishment the company has evolved into a global leader in the chemical industry, producing a wide range of products from basic chemicals that support industrial foundations to specialty chemicals that enhance everyday life. The company's mission, "Creating value to share with society," underscores its commitment to addressing social issues and contributing to a sustainable future. It caters to the needs of various industries such as automobiles, electronics, life sciences, environment, and pharmaceuticals. The company has its manufacturing facilities in Japan, America, Singapore, Thailand, and Europe and has three R&D facilities in Japan.

Clariant is a leading specialty chemical company that offers innovative and sustainable solutions for various industries. The company operates through its three business segments: care chemicals, catalysts, and adsorbents & additives. It offers oxygen scavengers under its adsorbents & additives business (formerly known as natural resources). The adsorbents & additives business unit delivers value through sustainability-focused solutions, enabling material circularity and reducing reliance on fossil resources to lower CO2 emissions. Clariant, a leading specialty chemicals company, delivers innovative and sustainable solutions tailored to diverse industries. Its portfolio addresses key global trends, including energy efficiency, renewable resources, emission-free mobility, and resource conservation. It has a presence in North America, South America, Europe, Asia-Pacific, the Middle East & Africa, with 68 production sites and 10 R&D centres worldwide.

Ecolab is a leading provider of water, hygiene, and infection prevention solutions serving customers in over 170 countries. The company caters to various industries such as food & beverage, hospitality, healthcare, pulp & paper, mining & mineral processing, building & facilities, refining, fuel additive & petrochemical, power generation, and chemical processing. The company operates in four business segments: global industrial, global institutional & specialty, global healthcare & life sciences, and others. It provides oxygen scavengers under its global industrial segment which is further segmented into 3 subcategories which are water, food & beverage and paper. Oxygen scavengers fall under water subsegment. Nalco is the subsidiary of Ecolab which provides water related products. Ecolab operates through 32 manufacturing facilities in 14 states in the US. Internationally, they operate 68 manufacturing facilities in 38 countries.

BASF SE is a leading player in the chemical industry. It operates business through 6 segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. The company offers oxygen scavengers under its catalyst division operated under the surface technologies segment.  The division offers a broad range of products and services, including precious and base metal services, chemical and process catalysts, stationary source emissions solutions, and advanced temperature sensing products. BASF’s catalyst solutions cover a wide array of applications, such as hydrogenation, dehydrogenation, oxidation, and fluid catalytic cracking for refining. A key component of BASF's portfolio is its adsorbents, including proprietary alumina, silica, alumino-silica gels, bentonite adsorbents, and base metal oxide guard bed materials. These products are vital for refining, petrochemical, chemical, and gas processing industries, enabling efficient purification and separation processes. The catalyst division has its presence in Europe, North America, Asia Pacific, South America, Africa and Middle East. BASF has 239 manufacturing facilities and has presence in 91 countries.

Avient Corporation is a global manufacturer of specialized polymer materials and compounds. The company was formerly known as PolyOne Corporation until it rebranded to Avient Corporation in 2020. The company operates in two business segments: color, additives and inks and specialty engineered materials. The company offers oxygen scavenger under its specialty engineered materials business segment. Specialty engineered materials specializes in formulating sustainable, high-performance polymer solutions for diverse industries and applications. Its extensive product portfolio includes advanced thermoplastic resins, elastomers, and composites enhanced with additives, reinforcements, fillers, and biomaterials. The company has wide a network of advanced manufacturing facilities across Europe, the Middle East, Africa, and North America.

Related Reports:

Oxygen Scavenger Market by Type (Inorganic, Organic), Form (Films & Laminates, Sachets, Canisters, Liquid, Resin), End Use Industry (Food & Beverage, Pharmaceutical, Power, Oil & Gas, Chemical, Pulp & Paper), & Region - Global Forecast to 2029

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