Market Research Report
Published: January 1, 2021
Global Industry Analysts, Inc.
Content info: 286 Pages
Delivery time: 1-2 business days
Global Oxygen Scavengers Market to Reach US$2.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Oxygen Scavengers estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 4.4% over the period 2020-2027.Metallic, one of the segments analyzed in the report, is projected to grow at a 4% CAGR to reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Metallic segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Oxygen Scavengers market.
The U.S. Accounts for Over 28.5% of Global Market Size in 2020, While China is Forecast to Grow at a 6.5% CAGR for the Period of 2020-2027
The Oxygen Scavengers market in the U.S. is estimated at US$545.3 Million in the year 2020. The country currently accounts for a 28.5% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$374.9 Million in the year 2027 trailing a CAGR of 6.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR while Rest of European market (as defined in the study) will reach US$374.9 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 282-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
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