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Active Oxygens Market Size - By Type (Peroxides and Ozone) and By Application: Global & Forecast, 2024-2033

  • PUBLISHED ON
  • 2023-11-27
  • NO OF PAGES
  • 211
  • CATEGORY
  • Chemicals & Materials

Market Overview

Active Oxygens Market is projected to achieve a value of USD 4.05 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 6.58 Billion by 2033 with a CAGR of 5.34% during the forecast period 2024-2033.

Active oxygens are a group of chemicals that contain oxygen atoms in a highly reactive state. They are commonly used as oxidizing agents, disinfectants, and bleaching agents in a wide range of applications. Some of the most important active oxygens include hydrogen peroxide, peracetic acid, and persulfates.

Hydrogen peroxide (H2O2) is a clear, colorless liquid that is widely used as a bleaching agent, disinfectant, and antiseptic. It is also used in a variety of industrial applications, such as wood pulp bleaching, textile processing, and electronics manufacturing.

Peracetic acid (CH3COOOH) is a strong oxidizing agent that is used as a disinfectant and bleaching agent in a variety of applications, including food and beverage processing, pharmaceutical manufacturing, and wastewater treatment.

Persulfates are a group of inorganic compounds that contain the sulfate ion (SO42-) and the peroxydisulfate ion (S2O82-). They are strong oxidizing agents that are used in a variety of applications, including water and soil remediation, pulp and paper bleaching, and textile processing.

Market Scope

Report Attributes

Description

Market Size in 2023

USD 4.05 Billion

Market Forecast in 2033

USD 6.58 Billion

CAGR % 2024-2033

5.34%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Type and by Application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Growth Drivers

Increasing demand for skincare and cosmetics products

Growing demand for non-invasive, effective aesthetic treatments

Technological advancements

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

BASF SE, Solvay, Evonik Industries AG, Lanxess AG, PeroxyChem, Nouryon, Kemira Oyj, AkzoNobel, Arkema, Eastman Chemical Company, Chemetall GmbH, Oxea GmbH, Shandong Huahai Group Co., Ltd., Jiangsu Yabang Chlorine Alkali Co., Ltd., Hebei Meili Chemical Co., Ltd., Zhengzhou Huahai Chemical Co., Ltd., Shandong Shengyang Chemical Co., Ltd., Jilin Shuangma Chemical Co., Ltd., Henan Sanmenxia Chemical Co., Ltd., Liaoning Jinzhou Chemical Co., Ltd., Shanxi Lucheng Chemical Co., Ltd., Hebei Luancheng Sanxing Chemical Co., Ltd. among others

Market Dynamics

Growing awareness of health and wellness, coupled with an aging population, may drive demand for products or therapies associated with active oxygens, thereby creating a stable growth for Active oxygens market. Consumers are often interested in products that offer potential health benefits and promote overall well-being.

If "Active Oxygens" refers to technologies or products used in medical applications, market dynamics may be influenced by factors such as advancements in medical research, the prevalence of diseases related to oxidative stress, and the development of new treatment modalities.

Ongoing research and development activities in the fields of biochemistry, molecular biology, and medicine can significantly impact the market. Discoveries related to the role of reactive oxygen species in health and disease could lead to the development of novel products and therapies.

Regulations and standards in the healthcare and biotechnology industries play a crucial role in shaping the market. Changes in regulatory policies can impact the approval, production, and marketing of products related to active oxygens.

The presence of established companies, emerging startups, and technological advancements can contribute to a dynamic competitive landscape. Market dynamics are often influenced by the strategies, innovations, and active oxygens market positioning of key players.

Economic conditions on a global scale can affect the market for products or technologies related to active oxygens. Economic downturns or upturns can influence funding for research, consumer spending on healthcare products, and market expansion.

Active oxygens are reactive chemicals that can be hazardous if not handled properly. They can cause irritation to the eyes, skin, and respiratory system. This can limit their use in certain applications, particularly those involving direct contact with humans or food products.

The production of active oxygens can be energy-intensive and require specialized equipment. This can make them more expensive than traditional disinfection and sterilization methods. Additionally, implementing active oxygen technologies may require significant upfront investments in infrastructure and training.

Market Type Analysis

Peroxides are the largest segment of the active oxygens market, accounting for an estimated 60% of the global market share in 2022. This is due to their wide range of applications in various industries, including: Bleaching, Polymerization, Disinfection and sterilization and Personal care products

Ozone is the second-largest segment of the active oxygens market, accounting for an estimated 40% of the global market share in 2022. This is due to its strong oxidative properties and its effectiveness in disinfection and sterilization applications. Ozone is also used in: Wastewater treatment, Air purification and Food processing.

The market share of peroxides is expected to decline slightly in the coming years, while the market share of ozone is expected to increase. This is due to the increasing demand for ozone in environmental remediation and disinfection applications.

Market Application Analysis

The cleaning and disinfection segment is the largest segment of the active oxygens market, accounting for an estimated 35% of the global market share in 2022. This is due to the widespread use of active oxygens as disinfectants and sterilants in various industries, including healthcare, food processing, and industrial manufacturing. Active oxygens are effective against a wide range of microorganisms, including bacteria, viruses, and fungi.

The aseptic packaging segment is the second-largest segment of the market, accounting for an estimated 25% of the global market share in 2022. Active oxygens are used to decontaminate packaging materials before they are filled with food or beverages. This helps to prevent the growth of microorganisms and extend the shelf life of the products.

The textile and laundry segment is the third-largest segment of the active oxygens market, accounting for an estimated 15% of the global market share in 2022. Active oxygens are used in the textile industry to bleach fabrics and in the laundry industry to disinfect clothes. They are also used in the leather industry to tan leather.

The water treatment segment is the fourth-largest segment of the active oxygens market, accounting for an estimated 10% of the global market share in 2022. Active oxygens are used to disinfect drinking water and wastewater. They are also used to oxidize organic pollutants in wastewater.

The soil and groundwater remediation segment is the fifth-largest segment of the active oxygens market, accounting for an estimated 8% of the global market share in 2022. Active oxygens are used to remediate contaminated soil and groundwater. They can break down a wide range of pollutants, including organic compounds, heavy metals, and pesticides.

The chemical synthesis segment is the sixth-largest segment of the active oxygens market, accounting for an estimated 5% of the global market share in 2022. Active oxygens are used as catalysts in a variety of chemical reactions, including polymerization reactions, oxidation reactions, and epoxidation reactions.

Market Regional Analysis

North America is the largest share within active oxygens market, accounting for an estimated 40% of the global market share in 2022. This is due to the strong presence of key players in the region, such as BASF SE, Solvay, and Evonik Industries AG. North America also has a strong regulatory framework for the use of active oxygens, which has helped to drive the adoption of these chemicals.

Europe is the second-largest market for active oxygens, accounting for an estimated 30% of the global market share in 2022. This is due to the strong demand for active oxygens in the region's healthcare and environmental industries. Europe also has a high level of environmental awareness, which has driven the adoption of active oxygens as a more environmentally friendly alternative to traditional disinfection and sterilization methods.

The Asia Pacific region is the third-largest market for active oxygens, accounting for an estimated 20% of the global market share in 2022. This is due to the rapid growth of the region's economies and the increasing demand for active oxygens in various industries. The Asia Pacific region is also home to a number of key players in the active oxygens market, such as Lanxess AG, PeroxyChem, and Nouryon.

The Middle East and Africa (MEA) region is the fourth-largest market for active oxygens. The MEA region is expected to see strong growth in the coming years, due to the increasing demand for active oxygens in the region's oil and gas industry and the growing awareness of the environmental benefits of active oxygens.

South America is the fifth-largest market for active oxygens. The South American market is expected to see moderate growth in the coming years, due to the region's economic growth and the increasing demand for active oxygens in the region's healthcare and environmental industries.

Competitive Analysis

Evonik Industries, Bosch, Solvay SA, CTX Pro, Alfred Kärcher SE & Co. KG, AIRPURETEC Technologies, Arkema and Nouryonare some of the key players in the Active Oxygens market. These companies offer a variety of Active Oxygens products for a variety of industries.

Research Report Following Segments:

By Type

·         Peroxides

·         Ozone

By Application

·         Cleaning and Disinfection

·         Aseptic Packaging

·         Textile and Laundry

·         Water Treatment

·         Soil and Groundwater Remediation

·         Chemical Synthesis

·         Others

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the Global Active Oxygens market value?

Global Active Oxygens market was valued at USD 4.05 Billion in 2023 and is estimated to reach value of 6.58 Billion by 2033.

Which are the upcoming countries within the Active Oxygens market?

India, china, Brazil, Mexico and Indonesia, are the fastest growing countries within the global market.

Who are the key competitors of market Players?

Evonik Industries, Bosch, Solvay SA, CTX Pro, Alfred Kärcher SE & Co. KG, AIRPURETEC Technologies, Arkema and Nouryonare are the top companies in the market.

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