Oxygen Scavenger Market

Mitsubishi Gas Chemical Company, Inc. (Japan) and BASF SE (Germany) are the Leading Player in the Oxygen Scavenger Market

The global oxygen scavenger market size is projected to reach USD 2.9 billion by 2026 from USD 2.2 billion in 2021, at a CAGR of 5.5% during the forecast period. The increasing demand for oxygen scavenger from the packaged and convenient food sector is driving the market. In addition, increasing demand from end-use industries such as food & beverage, power, oil & gas, chemical, and pulp & paper as well as decreasing food wastage due to unhygenic and improper packaging are also driving the oxygen scavenger market.

Growth in the demand for water from industrial boilers and feedwater systems used in various industries and growth in urbanization in the emerging economies, such as APAC, Middle East & Africa, and South America, are also driving the market. The key players in the oxygen scavenger market include Mitsubishi Gas Chemical Company, Inc.  (Japan), BASF SE (Germany), Clariant AG (Switzerland), Ecolab Inc. (US), SUEZ Water Technologies & Solutions (US), Accepta (UK), and Arkema Group (France). The oxygen scavenger market report analyzes the key growth strategies, such as new product launches, and mergers & acquisitions adopted by the leading market players between 2019 and 2021.

To know about the assumptions considered for the study download the pdf brochure

Mitsubishi Gas Chemical Company, Inc. is one of the largest producers of oxygen scavengers globally. 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. Mitsubishi Gas Chemical Company, Inc. has a strong emphasis on R&D. The company is well focused on research and development and has three R&D centers in Japan. The R&D efforts create high-end solutions critical to the functionality of water purification systems, boilers, and other equipment. The company intends to cater to the needs of customers by increasing customization to enhance its product portfolio. The company has focused on marketing and sales of its existing product portfolio, used by the pharmaceuticals, clothing, medical devices industries. The company plans to increase its geographical foothold by increasing product sales in untapped markets in the oxygen scavenger market.

BASF SE is a leading player in the chemical industry. BASF SE has manufacturing facilities in Geismar, Freeport, Ludwigshafen, Antwerp, Kuantan, and Nanjing. BASF SE has a strong foothold in Europe and offers a comprehensive product portfolio through the PuriStar series for industrial usage. The company is enhancing its R&D capability to increase growth in its oxygen scavenger business. The company is also focusing on less captured regions such as APAC and North America. BASF SE has focused on launching new products to capture the global oxygen scavenger market. The company emphasizes R&D and has invested significant amounts in R&D activities. The company is currently focusing on improving its growth by continually evolving its business portfolio and offering high value to the market.

Related Reports:

Oxygen Scavenger Market by Type (Inorganic oxygen scavengers, Organic oxygen scavengers), by End-use Industry (Food &Beverage, Pharmaceutical, Power, Oil &Gas, Chemical, Pulp & paper), and Region - Global Forecast to 2026

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Oxygen Scavenger Market Size,  Share & Growth Report
Report Code
CH 5453
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status