1. Market Research

Oxygen Scavengers Market: Global Forecast until 2022

  • July 2017
  • 139 pages
  • ID: 5044772
In this report:
The industry is, however, facing a downturn and is expected to witness a drop by ##%-##% by 2025 as the country is adopting the use of renewable resources for generating electricity.
According to the World Bank, the GDP growth rate was is ##.##% in 2016 which is expected to increase by ##.##% to ##.##% because of 2020 Summer Olympics, thereby increasing the construction expenditure.

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"The oxygen scavengers market is estimated to rise at a compound annual growth rate of 5.10 percent between 2017 and 2022, in terms of value significance."

The oxygen scavengers market is estimated to grow ~$2.4B by 2022, at a compound annual growth rate of 5.10 percent between 2017 and 2022. The growing demand for high-quality packaged food is predicted to push the increase of the oxygen scavengers market during the estimate period. The increasing awareness concerning the reduction of food wastage and the raised demand for advanced packaging among consumers are forecasted to further aid the rise of the market during the outlook period. Nevertheless, non-volatile nature of oxygen scavengers can restrain the increase of the oxygen scavengers market during the estimate period. The requirement of technical expertise for handling oxygen scavengers is one of the top challenges for the increase ot the market.

"Established on category, the non-metallic segment is planned to be a faster-growing segment of the market during the outlook period."

Established on category, the non-metallic segment is intended to be a faster-growing segment of the market during the estimate period. Non-metallic oxygen scavengers primarily include organic scavengers that are generally non-volatile and less toxic in nature. These scavengers are used when products are to be shipped internationally and the detection of metal-based scavengers can result in the rejection of the product for export.

"North America continent is forecasted to be the biggest market for oxygen scavengers during the outlook period, in terms of value importance."

North America (NA) is the biggest consumer of packaged food and pharmaceutical products. Moreover, Elements such as a big industrial base, and high disposable income and high standard of living is anticipated to fuel the increase of the oxygen scavengers market in the territory.

The industry sizes estimated in this analysis have been validated through primary Q&A managed with different market experts, globally. Those primary sources have been sliced into three class:

• By Company category: Tier 1 - 50.0 percent, Tier 2 - 36.0 percent, and Tier 3 - 14.0 percent

• By Description: C-suite - 14.0 percent, D-level - 36.0 percent, and Others - 50.0 percent

• By Area: North America continent - 29.0 percent, Europe (EU) - 14.0 percent, Asia Pacific (APAC) - 36.0 percent, Central & South America region - 7.0 percent, and Middle East (ME) & African continent - 14.0 percent

The study offers profiles of main market actors, including Mitsubishi Gas Chemical Company, BASF SE, Ecolab Inc., Clariant Ltd., and Kemira OYJ. The analysis also comprises the competitive strategies approved by them to enhance their rank in the industry.

RESEARCH COVERAGE

The objective of the study is to define, describe, and forecast the sector established on different segmentations and strategically analyze the industry segments with respect to individual developments trends, increase prospects, and contribution to the total market. In this business report, the oxygen scavengers market has been divided on the basis of category, end-use sector, and area.

REASONS TO BUY THE REPORT

The market research will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the oxygen scavengers market comprehensively and offers the best approximations for sizes of all market segments and sub-segments across several verticals and localities.

2. This industry report will facilitate partners in obtaining an improved understanding of their competitors and obtain business insights about their businesses. The competitive outlook section includes exhaustive information about new industry product developments/product showcases, mergers & acquisitions, market investments & business developments, and alliances, strategic agreements, and collaborations approved by the top players in the oxygen scavengers market.

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