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Deoxidizer Market Expected to Reach $4.7 Billion by 2031—Allied Market Research

 
2022
Deoxidizer Market

Report Code : A47246

quote The global deoxidizer market is expected to witness high growth potential in coming years due to wide applications in various industries such as food & beverage, pharmaceutical, water treatment, oil & gas, chemical, pulp & paper, and others. Besides, increase in demand from the water treatment industry is propelling the market growth during the forecast period. However, the availability of substitutes such as silica gel is predicted to restrain the market expansion. Nevertheless, growth in the pharmaceutical industry is expected to offer lucrative growth opportunities for the deoxidizer market. quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Deoxidizer Market," The deoxidizer market size was valued at $2.8 billion in 2021, and is estimated to reach $4.7 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

Deoxidizer is the agent that reduces the oxygen content of a material and that is added to welding electrodes and wires to prevent oxygen from forming harmful oxides and porosity in the weld metal. An oxygen absorber is a non-toxic, odorless sachet that is used to increase the shelf-life of foods and ensure product safety by absorbing all oxygen within the food packaging. The components of a deoxidizer vary greatly depending on what it is used for, the water activity of the product being preserved, and a variety of other factors.

The oxygen absorber or scavenger is frequently enclosed in a porous sachet or packet, but it can also be part of packaging films and structures. Iron powder is the primary component, while sodium works as an activator, causing the iron particles to rust and successfully lowering the oxygen content in the surrounding environment to roughly 0.01%. Activated carbon acts as a gas absorber, extending the life of items and reducing unpleasant smells.

The efficacy of deoxidizers as oxygen absorbers is influenced by the temperature and relative humidity of the environment. Activated carbon (C), commonly known as activated charcoal or activated coal, is a porous material that allows gases to flow through and interact with the exposed carbon. Most pollutants and contaminants are absorbed and neutralized as the gases interact with the carbon.

The growth of the global deoxidizer market is majorly attributable to its wide applications in various industries such as food & beverage, pharmaceutical, water treatment, oil & gas, chemical, pulp & paper, and others. Also, increase in demand from water treatment industry is boosting the market growth during the forecast period. Deoxidizer is used to clean contaminated water by adding oxygen in water boiler.

The addition of oxygen removes bacteria and dirt from water by destroying carbon and other dirt particles which can be used to treat groundwater. It improves the quality of water to make it appropriate for drinking, industrial water supply, irrigation, river flow maintenance, water recreation or many other uses, including being safely returned to the environment.

Boiler oxygen absorbers are used to remove dissolved oxygen from the boiler feedwater and boilers. The boiler uses good quality pure water usually led to boiler water slower in concentration, and results in low pH value in boiler water that causes the boiler corrosion problems, and even breaks the water pipe and damages the steam pipeline and equipment. Deoxidizer sodium sulfite blend is a 19% neutral 7 pH liquid solution mostly used to purify water in concentrated powder form.

Further, deoxidizer is used to deoxidize the surface of medicinal products. It keeps oxygen and other impurities from interacting with the medication product and producing toxic compounds, preserving its integrity. In the pharmaceutical sector, the primary goal of deoxidizers is to make their formulation safe for human consumption.

The oxygen absorber sachets offer a simple, cost-effective method for prolonging the shelf life of amlodipine tablets while reducing the danger of potentially toxic degradation products being exposed to patients. Oxygen absorbing packets have been proven to eliminate or significantly reduce the rate of oxidative degradation in pharmaceutical products. It increases product quality and revenues by ensuring drug stability, performance, and longer than anticipated product shelf life.

However, availability of substitutes such as silica gel is projected to hinder the expansion of the market. On the contrary, growth in the pharmaceutical industry is expected to offer ample growth opportunities for the deoxidizer market.

The deoxidizer market is segmented into form, type, application, and region. On the basis of form, the market is divided into powder, solution, and others. On the basis of type, the market is categorized into metallic and non-metallic. Non-metallic is the fastest growing segment with the highest CAGR.

Non-metallic deoxidizing materials are generally composed of nitrides, oxides, halogen compounds, carbides, and other oxygen-removing chemicals. Non-metallic deoxidizers are used to remove dissolved oxygen from the water. Inorganic non-metallic materials are used in a wide range of applications, including energy, aerospace, telecommunications, and biotechnology, as well as construction. Non-metallic boron copper has appeared as one of the most effective deoxidizers and degasifies for pure copper and copper and nickel-based alloys used in transformers, inductors, magnetic amplifiers, magnetic shields, and memory storage devices.

On the basis of application, the market is categorized into food & beverage, pharmaceutical, water treatment, oil & gas, chemical, pulp & paper and others. Region-wise, the deoxidizer market share is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global deoxidizer industry include Arkema, Avient, Chemfax, Clariant, Ecolab Inc., Guardian Chemicals Inc., Henkel Corporation, Hydrite Chemical, Sealed Air Corporation, and Thermax Limited. These players have adopted several strategies to propel the market of deoxidizer during the forecast period.

Key findings of the study:

  • By form, the solution segment was the highest revenue contributor to the market in 2021
  • By type, the metallic segment was the highest revenue contributor to the market in 2021.
  • By application, the food and beverage segment dominated the market in 2021 and is estimated to grow with a CAGR of 6.1%.
  • Based on region, Asia-Pacific is the fastest-growing region with a CAGR of 5.9%.

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quote Deoxidizer Market by Form (Powder, Solution, Others), by Type (Metallic, Non-metallic ), by Application (Food and Beverage, Pharmaceutical, Water Treatment, Oil and Gas, Chemical, Pulp and Paper, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

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