The active oxygens market is expected to be worth USD 3.9 billion in 2023. The market is expected to reach USD 6.7 billion by 2033, growing at a 5.5% CAGR during the forecast period. Active oxygen industry is being driven by their expanding applicability to numerous end uses, including cleaning, packaging, laundry, aquaculture, soil remediation, chemical synthesis, etc.
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 US$ 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 US$ 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 US$ 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.
Get the Insights You Need – Connect with Sales to Secure Your Copy of the Active Oxygens Market Report
Segmentation Analysis of the Market
By Product Type:
- Peroxides
- Ozone
By Application:
- Cleaning and Disinfection
- Aseptic Packaging
- Textile and Laundry
- Water Treatment
- Soil and Groundwater Remediation
- Chemical Synthesis
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube