Global Deoxidizer Market is valued at approximately USD 2.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2022-2029. Deoxidizer is an agent that prevents oxygen to deteriorate food items, pharmaceuticals, and more. It is used to eliminate the oxygen from the sealed packages, it prevents oxygen to react with the substance. Deoxidizers usually absorb the oxygen present in the substance in which it is used. The percentage of oxygen becomes zero when deoxidizers are used. It generally expands the shelf life of sealed packages. The shelf life of the deoxidizer is about 6 months to 1 year in a sealed package, after opening it, it becomes short i.e., 15 minutes. Growing retails in the food, Beverage industry, rising water treatment plants, and the growing pharmaceutical industry are the factors driving the growth of the market.
According to the research department, the food and grocery sector had the largest retail market in India with around 63% of the overall retail sector. Additionally, In South Korea, Around 26.24 million cubic meters were the daily capacity of wastewater treatment facilities in the year 2020. Also, over 50% of the world's demand for various vaccines is met by the Indian pharmaceutical industry, as is 40% of the US market for generic drugs and 25% of the UK market for all medicines by the end of the year 2022. A total of 10,000 manufacturing facilities and 3,000 medicinal businesses make up the domestic pharmaceutical industry in India. Growing retails in the food & Beverage industry, rising water treatment plants, and the growing pharmaceutical industry are the factors driving the growth of the market. Furthermore, constant growth in the pharmaceutical industry and food and beverage industry are the factors creating major market opportunities in the forecast period. However, the availability of substitute stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Deoxidizer Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the high demand for deoxidizers in the food & beverage industry and the high demand for water purifiers. A large market of pharmaceuticals in countries such as India is driving the demand for deoxidizers for various drugs. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for deoxidizers in various industries, increasing investments in the R&D of the food & beverages industry and growing pharmaceuticals industry in the region.
Major market players included in this report are:
- Clariant
- Ecolab Inc.
- arkema
- Sealed Air Corporation
- Henkel AG & Co. KGaA
- Avient Corporation
- Thermax Limited
- Chemfax Inc.
- Guardian Chemicals Inc.
- Hydrite Chemical
Recent Developments in the Market:
- In December 2022, Clariant announces its care chemical facility expansion in Huizhou, China to better serve its customers in the pharmaceutical, personal care, and industrial application industries.
- In November 2022, Ecolab introduced Ecolab Water for Climate programme for the companies to ensure water management throughout their business operations.
Global Deoxidizer Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Form, Type, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Form offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
By Type:
By Application:
- Food and Beverage
- Pharmaceutical
- Water Treatment
- Oil and Gas
- Chemical
- Pulp and Paper
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Deoxidizer Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Deoxidizer Market, by Form, 2019-2029 (USD Billion)
- 1.2.3. Deoxidizer Market, by Type, 2019-2029 (USD Billion)
- 1.2.4. Deoxidizer Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Deoxidizer Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Deoxidizer Market Dynamics
- 3.1. Deoxidizer Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing retails in food & Beverage industry
- 3.1.1.2. Rising water treatment plants
- 3.1.2. Market Challenges
- 3.1.2.1. Availability of the substitute
- 3.1.3. Market Opportunities
- 3.1.3.1. Constant growth in the pharmaceutical industry
- 3.1.3.2. Growing food and beverage industry
Chapter 4. Global Deoxidizer Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Deoxidizer Market, by Form
- 6.1. Market Snapshot
- 6.2. Global Deoxidizer Market by Form, Performance - Potential Analysis
- 6.3. Global Deoxidizer Market Estimates & Forecasts by Form 2019-2029 (USD Billion)
- 6.4. Deoxidizer Market, Sub Segment Analysis
- 6.4.1. Powder
- 6.4.2. Solution
- 6.4.3. Others
Chapter 7. Global Deoxidizer Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Deoxidizer Market by Type, Performance - Potential Analysis
- 7.3. Global Deoxidizer Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 7.4. Deoxidizer Market, Sub Segment Analysis
- 7.4.1. Metallic
- 7.4.2. Non-metallic
Chapter 8. Global Deoxidizer Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Deoxidizer Market by Application, Performance - Potential Analysis
- 8.3. Global Deoxidizer Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Deoxidizer Market, Sub Segment Analysis
- 8.4.1. Food and Beverage
- 8.4.2. Pharmaceutical
- 8.4.3. Water Treatment
- 8.4.4. Oil and Gas
- 8.4.5. Chemical
- 8.4.6. Pulp and Paper
- 8.4.7. Others
Chapter 9. Global Deoxidizer Market, Regional Analysis
- 9.1. Deoxidizer Market, Regional Market Snapshot
- 9.2. North America Deoxidizer Market
- 9.2.1. U.S. Deoxidizer Market
- 9.2.1.1. Form breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Deoxidizer Market
- 9.3. Europe Deoxidizer Market Snapshot
- 9.3.1. U.K. Deoxidizer Market
- 9.3.2. Germany Deoxidizer Market
- 9.3.3. France Deoxidizer Market
- 9.3.4. Spain Deoxidizer Market
- 9.3.5. Italy Deoxidizer Market
- 9.3.6. Rest of Europe Deoxidizer Market
- 9.4. Asia-Pacific Deoxidizer Market Snapshot
- 9.4.1. China Deoxidizer Market
- 9.4.2. India Deoxidizer Market
- 9.4.3. Japan Deoxidizer Market
- 9.4.4. Australia Deoxidizer Market
- 9.4.5. South Korea Deoxidizer Market
- 9.4.6. Rest of Asia Pacific Deoxidizer Market
- 9.5. Latin America Deoxidizer Market Snapshot
- 9.5.1. Brazil Deoxidizer Market
- 9.5.2. Mexico Deoxidizer Market
- 9.6. Rest of The World Deoxidizer Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Clariant
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Ecolab Inc.
- 10.2.3. arkema
- 10.2.4. Sealed Air Corporation
- 10.2.5. Henkel AG & Co. KGaA
- 10.2.6. Avient Corporation
- 10.2.7. Thermax Limited
- 10.2.8. Chemfax Inc.
- 10.2.9. Guardian Chemicals Inc.
- 10.2.10. Hydrite Chemical
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption