The “oxygen scavengers market” refers to the sector of the economy that manufactures and markets products that reduce or completely remove oxygen from packaging, storage, and transportation applications. These things are used to extend the shelf life of foods, beverages, pharmaceuticals, and other perishable goods by limiting the formation of germs that require oxygen to survive. The market is growing as a consequence of both the need to preserve the quality and security of these products and the growing customer demand for packaged and quick meals. Important market players include Mitsubishi Gas Chemical, Arkema, and Sigma-Aldrich.
Worldwide sales of oxygen scavengers are now estimated to be worth US$ 2.2 billion, with US$ 3.6 billion in sales predicted by the end of 2032. The oxygen scavenger market is expected to grow at a 5% CAGR over the following ten years.
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Key Segments of Oxygen Scavengers Industry Research
- By Type:
- By Material:
- By End-use Industry:
- Food & Beverages
- Pharmaceuticals
- Power
- Oil & Gas
- Chemicals
- Pulp & Paper
- Other Industries
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Key Companies Profiled
- BASF SE
- Baker Hughes
- Innospec Inc.
- Arkema Group
- Clariant
- Solvay America Inc.
- Kemira
- Coventya
- Lubchem
- Mitsubishi Gas Chemical Company Inc.
- Solenis
- SUEZ
- Accepta Ltd.
- Sealed Air Corporation
- Ricmar Industries
Competitive Landscape
- Avient, a leading specialist polymer and materials maker, announced the release of a novel non-nylon-based, low-haze oxygen scavenger for PET rigid packaging in April 2020. ColorMatrix Amosorb 4020G lowers yellowing in recovered PET by 50% during the mechanical recycling process.
- Solenis, a speciality chemicals company, said in August 2022 that it has agreed to buy Clearon, a manufacturer of sanitizers and disinfectants. Solenis has improved its position in the water treatment business as a result of this purchase.
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