Global $2.67 Billion Oxygen Scavengers Market Analysis 2014-2017 and Forecasts to 2025 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Oxygen
Scavengers Market Analysis, By Type (Metallic and Non-metallic), By
End-use (Food & Beverage, Pharmaceutical, Chemicals, Oil & Gas), By
Region, And Segment Forecasts, 2014 – 2025" report has been
added to ResearchAndMarkets.com's offering.

The global oxygen scavengers market size is expected to be worth USD
2.67 billion by 2025, growing with a CAGR of 4.9%

Increasing demand for fresh, healthy, and quality packaged food is
likely to propel market growth. The oxygen absorption properties offered
by scavengers help in retaining the quality of various consumable
products.

The demand for oxygen scavengers in food and beverage industry is
witnessing a rise as they provide protection from various
microorganisms, spoilage, color & nutrient loss, and rancidity of food.

Additionally, augmenting demand from chemical and pharmaceutical
industries is anticipated to accelerate the market growth. Rising
research & development activities and various government regulations are
likely to trigger the production, thereby driving the market demand.

Metallic oxygen scavengers accounted for 63% of the global market in
2016. The demand can be attributed to the widespread use, fast reaction,
better quality, and cost-effectiveness of these scavengers. The
technological advancements in the market to develop advanced packaging
solutions are likely to fuel the market demand over the forecast period.

North America is the leading market for oxygen scavengers owing to the
growing concerns among the consumers regarding the safety and wastage of
food. Extensive research & development carried out by leading
manufacturers to develop packaging techniques to offer protection from
outside oxygen in countries such as the U.S. and Canada is anticipated
to propel market growth.

Key market players include BASF SE; Baker Hughes; Innospec Inc; Arkema
Group; Accepta Ltd.; Clariant International Ltd.; Eastman Chemical
Company; Sealed Air Corporation; PolyOne Corporation; Kemira OYJ;
Mitsubishi Chemical Corporation; and Plastichem (PTY) LTD. The companies
mainly focus on extensive innovation and increasing their production
capacities to meet the global demand.

Companies Mentioned

• BASF SE.
• Baker Hughes
• Innospec Inc.
• Arkema Group
• Accepta Ltd.
• Clariant International Ltd.
• Eastman Chemical Company
• Sealed Air Corporation
• PolyOne Corporation
• Kemira OYJ
• Mitsubishi Chemical Corporation
• Plastichem (PTY) LTD

For more information about this report visit https://www.researchandmarkets.com/research/4knxn6/global_2_67?w=4

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Topics: Food
Additives