By 2023, the market demand for active oxygens should be valued at USD 3.9 billion. By 2033, the market is anticipated to have grown at a 5.5% CAGR to reach USD 6.7 billion. The growing range of end uses for active oxygen, such as cleaning, packaging, laundry, aquaculture, soil remediation, chemical synthesis, etc., is propelling the industry.
Active oxygens are potent antimicrobials that kill more than 99% of bacteria and viruses quickly. These agents do not produce any hazardous byproducts after application, making them suitable for use in water treatment and aseptic packaging. The product is in high demand from the water treatment industry for wastewater, drinking water, and swimming pool water applications, which will drive market expansion in the coming years.
Active oxygens are increasingly replacing the conventional cleaning agents due to their sustainable characteristics. For instance, in the laundry care sector, active oxygen technology is proving useful in delicately dry-cleaning garments without the use of water. The implementation of this water-saving technology is expected to pave the way for sustainability in the laundry care industry, thereby combating global water scarcity issues.
The global active oxygens market is dominated by a few countries that lead in active oxygen product technologies. The increasing use of active oxygens in FMCG items such as toothpaste and detergents is predicted to drive their demand to new heights. The active oxygen market in growing nations such as India, ASEAN, and the Middle East is expected to increase at a faster rate than that of advanced economies such as North America and Western Europe.
Key Takeaways from the Active Oxygens Market:
- The Active Oxygens industry in the United States is predicted to reach USD 1.0 billion by 2033, increasing at a 5.6% CAGR.
- The Active Oxygens industry in the China is estimated to reach a market size of US$ 1.2 billion, expanding at a CAGR of 6.0% by 2033.
- During the forecast period, the Active Oxygens industry in India is expected to reach a market share of USD 0.5 billion, securing an 6.2% CAGR.
- The Active Oxygens industry in Germany is predicted to reach US$ 0.6 billion by 2033, increasing at a 5.3% CAGR.
- Japan’s Active Oxygens industry is predicted to achieve a market share of USD 0.4 billion, rising at an 5.1% CAGR during the forecast period.
- With a CAGR of 6.1% from 2023 to 2033, the ozone segment is expected to dominate the Active Oxygens by Product Type.
- With a CAGR of 5.7% from 2023 to 2033, the water treatment segment is expected to dominate the Active Oxygens by end use.
How Does the Competition Look in the Active Oxygens Market?
The market for Active Oxygens is partially consolidated, with intense competition among the few global leaders. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints. Several significant participants in this industry comprise Evonik Industries, Solvay SA, CTX Pro, Arkema, Nouryon, and Taekwang Industries Co. among other companies.
The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new uses for active oxygens. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.
Key firms in the Active Oxygens sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective solutions.
Key Players in the Active Oxygens Market
- Evonik Industries
- Bosch
- Solvay SA
- CTX Pro
- Alfred Kärcher SE & Co. KG
- AIRPURETEC Technologies
- Arkema
- Nouryon
- Taekwang Industrial Co.
- NOF Corporation
- Pergan GmbH
- United Inhibitors
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