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Asia Pacific Oxygen Scavengers Market Size is predicted to see lucrative gains over 2019-2025

Author : Ronak Bora | Published Date : 2019-07-05 

Asia Pacific is likely to emerge as the fastest growing region owing to growing urbanization coupled with rising demand of packed food which will spur the oxygen scavengers market. North America will also have a significant market share owing to large consumer base of pharmaceutical products and packed food. The other factors contributing to market share of North America include high standard of living, industrialization, high disposable income and shifting customer preferences which will fuel the product market growth.

Oxygen Scavengers Market Size is likely to witness a healthy demand from 2016 to 2024 owing to the shifting preferences of consumers towards processed food as the product is extensively used for food preservation.

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Oxygen scavengers are the chemical substance, used to reduce or eliminate O2 in fluids and enclosed spaces to inhibit oxygen induced corrosion. O2 have detrimental effects on food products by inducing oxidation reaction which deteriorates the quality of food items by loss of color and nutrient value. Perishable foods such as fruits, vegetables, dairy products, processed products, etc. require oxygen scavengers to increase the shelf life by preventing the growth of microorganisms, oil & fat rancidity, spoilage, discoloration of plants and muscle pigments, loss of taste, etc. Changing lifestyle coupled with increasing disposable income of consumers has led to increased demand of high quality packed food items which will in turn escalate the demand of oxygen scavengers in coming years.

The oxygen scavengers act as a corrosion inhibitor for metal and alloy fabricated equipment. It combines with oxygen and produce harmless compound salts owing to its cathodic nature. Corrosion problems usually occur in the hottest areas of the boiler including water wall, superheated tubes and screen, etc. To eradicate corrosion problems in these areas, oxygen scavengers are added in aqueous form to boiler sections, preferably in downstream areas along with other chemicals. The oxygen scavengers are formed from various compounds such as metal sulfites or bisulfite ions, ascorbic acids, ascorbate salt or catechol, aerobic microorganisms, enzymes, photosensitive dyes, antioxidants, UV light activators, and others. The product’s usage in increasing the shelf life and reduction in the maintenance cost of equipment will boost the oxygen scavengers market in coming years.

Oxygen scavengers market is bifurcated into two grades, which are metallic and non-metallic grades. Non- metallic grade is used in food products and processed products whereas metallic is used in food products as well as in boiler feed water equipment. Non-metallic grade use organic reducing agents including ascorbate, ascorbic acid, catechol and others. It also includes enzymatic oxygen scavengers such as ethanol oxidase, glucose oxidase, etc. This grade is aptly endorsed by food & beverage sector owing to their non-toxic, odorless nature.

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These products find its application in boiler feed water equipment, food products including crops, fruits, vegetables, etc. and processed foods such as cheese, tinned vegetables, cakes, biscuits, etc. For instance, in 2016, the global food & beverage industry projected a revenue of approximately USD 4 trillion and is likely to increase with a healthy rate during the forecast period which will further propel the growth of oxygen scavengers market.

The key participants in the oxygen scavengers market include Mitsubishi Gas Chemical America Inc., Clariant, CECA Arkema Group, Accepta Water Treatment, Chemfax, Eastman Chemical Company, Innospec, Hydrite Chemical Co., Kemira, Guardian Chemical, Aditya Birla Chemicals, Chemtex Speciality Limited, Esseco U.K Limited, Polyone Corp., ROEMEX Limited, LONZA, and others.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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