The global active oxygens market is projected to worth USD 3.9 billion in 2023. The market is likely to surpass USD 6.7 billion by 2033 at a CAGR of 5.5% during the forecast period.
The demand for these chemicals is driven by their strong antimicrobial properties that inhibits the growth of bacteria as well as viruses during processing. These are one of the strongest antimicrobial which produce no toxic byproduct on application.
The growing use of active oxygens in water treatment applications is a key driver for active oxygens market. These chemicals are used to treat municipal wastewater, industrial wastewater, swimming pool water, drinking water, etc. Active oxygen sterilization rate is 3,000 times faster than that of chlorine with more than 99% bacteria and germ removal which makes it one of the high demand antibacterial in recent times.
Other Drivers Propelling the Demand for Active Oxygens include:
Challenges for Companies /Manufacturers in the Market:
Opportunities in the Market:
Latest Trends in the Market:
Attributes | Details |
---|---|
Active Oxygens Market Size (2023) | USD 3.9 billion |
Active Oxygens Market Projected Size (2033) | USD 6.7 billion |
Value CAGR (2023 to 2033) | 5.5% |
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During 2018 and 2022, the global active oxygens market grew with 4.9% CAGR. The product witnessed increasing demand from end-use industries as its benefits and methods of applications became vibrant.
The demand for active oxygens for cleaning and water treatment remained high during the historical period as COVID-19 shifted the interest of end-users towards hygienic products. Active oxygens for aseptic packaging applications also emerged as a key demand segment for the product.
During the forecast period of 2023 to 2033, the Active Oxygens market is anticipated to grow at a CAGR of 5.5%. The product’s demand will spur due to their growing usage in multiple end-uses that are set to capture significant portion of market share.
The use of active oxygen products and technology in laundry dry cleaning is growing at a faster pace. Active oxygens not only kills the microbes but also remove the lingering odors even from the delicate fabrics. Similarly, the use of active oxygens in cleaning products like toothpastes and detergents is expanding the product’s applicability in huge FMCG. This will create lucrative growth opportunities for the product in coming years.
Country | The United States |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | USD 1.0 billion |
CAGR % 2023 to End of Forecast (2033) | 5.6% |
The active oxygens market in the United States is expected to reach US$ 1.0 billion by the end of forecast period. The market will expand at a CAGR of 5.6% during this period. The growing usage of active oxygens in water treatment applications such as swimming pool treatment, wastewater treatment, drinking water treatment, etc. is anticipated to lead the market growth in the country.
Country | India |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | USD 0.5 billion |
CAGR % 2023 to End of Forecast (2033) | 6.2% |
In India, the active oxygen market is anticipated to grow at a 6.2% CAGR to reach the market size of USD 0.5 billion by the end of 2033. The increasing adoption of the product in FMCG applications like toothpaste and detergents is anticipated to flourish the demand in the coming years. Market participants are launching new FMCG products enabled with active oxygens in India products to capture a key share of this populous country in early stages of market development.
Country | China |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.2 billion |
CAGR % 2023 to End of Forecast (2033) | 6.0% |
China has the world’s largest aquaculture industry where active oxygen is used to maintain sustainable growth of the aquatic species. The aquaculture producers regularly use active oxygens to maintain a balanced aquaculture. With the rising population of the country, the demand for aquatic animals is anticipated to grow in the forecast period. The China active oxygens market is projected to reach a market size of USD 1.2 billion by 2033, growing at a considerable growth rate of 6.0% during 2023 and 2033.
Country | Germany |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | USD 0.6 billion |
CAGR % 2023 to End of Forecast (2033) | 5.3% |
In the European region, Germany will be the key country to lead the expansion of active oxygens market. The country’s demand for active oxygens is expected to grow at 5.3% CAGR in terms of value to reach a market size of USD 0.6 billion by 2033. Steady growth among the end-use industries coupled with the increasing product awareness will cater to the growth of the market.
Country | Japan |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | USD 0.4 billion |
CAGR % 2023 to End of Forecast (2033) | 5.1% |
Japan’s strategic research and development efforts for sustainable technology development and exploring new applications for active oxygens is anticipated to bring significant growth in the product market. By 2033, the country’s active oxygen market is projected to worth more than USD 0.4 billion. Chemical synthesis, cleaning and disinfectants, and soil remediation end uses are expected to lead the market growth in the country.
Based on the product the active oxygens market is divided into peroxides and Ozone segments. The peroxide segment is anticipated to occupy the largest market share in 2023, due the pre-established products and their applications in the market. Peroxides such as hydrogen peroxide, calcium peroxide, etc. are well-known disinfectant chemicals which will witness a rise in demand as active oxygen in coming years.
In the forecast period, the ozone segment is predicted to grow at faster CAGR owing to the increasing production and rising applications of the product in various end-use industries. Ozone has emerged as a rapid antimicrobial which can be used in aseptic packaging, laundry care, water treatment, and chemical synthesis. Owing to these benefits of active oxygens, their market is expected to have significant growth prospects.
In the agrochemical industry, the need for soil remediation chemicals is on the rise. The inadequate levels of oxygen in the soil limits the ability of aerobic microorganism to degrade the contaminants through biological processes. In such cases, the active oxygen agents play a crucial role to meet the necessary oxygen demand. Heavy rainfall or poor irrigation techniques also results in reduced oxygen in the soil, where active oxygens are used extensively to remediate the soil for agriculture.
Similarly, the demand for active oxygens is on the rise to treat artificial or natural lakes where the oxygen levels are insufficient to effectively support the aquaculture. This usage of active oxygens is not only limited for a particular region but also applies for the different parts of the world due the changing climate conditions. As a result, the product is expected to witness thriving demand from this end-use segment.
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The active oxygen market is consolidated with the key players who occupy a significant share of the market. These players are expanding their capacities to meet the rising demand from the end-users. However, new players are entering the market with distinctive products for specific applications as well as acquisitions of existing players.
Research and development for the new applications of active oxygens is a key market trend. Apart from this following strategies are adopted by the key market participants:
Companies invest hugely in research and development to introduce innovative products that offer enhanced efficiency, reliability, and cost-effectiveness. Product innovation enables companies to differentiate themselves from their competitors and cater to the evolving needs of customers.
In March 2022, Colgate-Palmolive (India) has introduced a new product, Visible White O2, which utilizes active oxygen technology to whiten teeth in three days. To promote this premium toothpaste, the company has launched a 'Smile Out Loud' campaign.
In May 2023, Evonik's VIGOROX® Trident peracetic acid has received EPA approval for use in RAS and ponds to reduce fish pathogens such as bacteria and viruses in water. This biocide, produced by Evonik's Active Oxygens business line, can be applied in presence of fish as it degrades into only water, oxygen, and acetic acid.
Key players in the industry often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market. Such collaborations also allow companies to gain access to new technologies and markets.
The Active Oxygens industry is witnessing significant growth in emerging markets such as India and Middle East. Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks.
Key players in the Active Oxygens industry often engage in mergers and acquisitions to consolidate their market position, expand their product portfolio, and gain access to new markets.
In February 2020, Evonik Industries acquired PeroxyChem which was a leading manufacturer of hydrogen peroxide and peracetic acid.
Key Players in the Market
The net worth of the market is expected to be US$ 6.7 billion by 2033.
The market is calculated to expand at a CAGR of 5.5% through 2033.
The market expanded at a CAGR of 4.9% from 2018 to 2022.
Surging demand for high-performance cleaning technologies and sustainable aquaculture are elevating the market’s attractiveness.
India and China are bearing solid CAGRs for the forecast period.
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Share Analysis
1.3. Demand Side Trends
1.4. Supply Side Trends
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product Innovation and Diversification
4.3. Marketing and Brand Management
4.4. Supply Chain Management
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Product Type
6.2. Pricing Analysis by Regions
7. Global Market Demand (in Value or Size in US$ Billion) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Billion) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Billion) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance and Impact
8.3. Supply-Demand Analysis
8.4. Value Chain
8.5. Production Process Overview
8.6. Market Dynamics
8.7. Impact of COVID – 19 Crisis
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Billion) and Volume Analysis By Product Type, 2018 to 2022
9.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By Product Type, 2023 to 2033
9.3.1. Peroxides
9.3.2. Ozone
9.4. Market Attractiveness Analysis By Product Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Billion) and Volume Analysis By End Use, 2018 to 2022
10.3. Current and Future Market Size (US$ Billion) and Volume Analysis and Forecast By End Use, 2023 to 2033
10.3.1. Cleaning and Disinfection
10.3.2. Aseptic Packaging
10.3.3. Textile and Laundry
10.3.4. Aquaculture
10.3.5. Soil and Groundwater Remediation
10.3.6. Chemical Synthesis
10.3.7. Others
10.4. Market Attractiveness Analysis By End Use
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Billion) and Volume Analysis By Region, 2018 to 2022
11.3. Current Market Size (US$ Billion) and Volume Analysis and Forecast By Region, 2023 to 2033
11.3.1. North America
11.3.2. Latin America
11.3.3. Western Europe
11.3.4. Eastern Europe
11.3.5. East Asia
11.3.6. South Asia and Pacific
11.3.7. Middle East and Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Product Type
12.4.2. By End Use
12.4.3. By Country
12.4.3.1. U.S.
12.4.3.2. Canada
12.5. Market Attractiveness Analysis
12.5.1. Product Type
12.5.2. By End Use
12.5.3. By Country
12.6. Market Trends
12.7. Drivers and Restraints Impact Analysis
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Product Type
13.4.2. By End Use
13.4.3. By Country
13.4.3.1. Brazil
13.4.3.2. Mexico
13.4.3.3. Argentina
13.4.3.4. Rest of Latin America
13.5. Market Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By End Use
13.5.3. By Country
13.6. Market Trends
13.7. Drivers and Restraints Impact Analysis
14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Product Type
14.4.2. By End Use
14.4.3. By Country
14.4.3.1. Germany
14.4.3.2. Italy
14.4.3.3. France
14.4.3.4. U.K.
14.4.3.5. Spain
14.4.3.6. BENELUX
14.4.3.7. NORDICS
14.4.3.8. Rest of Western Europe
14.5. Market Attractiveness Analysis
14.5.1. By Product Type
14.5.2. By End Use
14.5.3. By Country
14.6. Market Trends
14.7. Drivers and Restraints Impact Analysis
15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Product Type
15.4.2. By End Use
15.4.3. By Country
15.4.3.1. Poland
15.4.3.2. Hungary
15.4.3.3. Romania
15.4.3.4. Czech Republic
15.4.3.5. Rest of Eastern Europe
15.5. Market Attractiveness Analysis
15.5.1. By Product Type
15.5.2. By End Use
15.5.3. By Country
15.6. Market Trends
15.7. Drivers and Restraints Impact Analysis
16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Product Type
16.4.2. By End Use
16.4.3. By Country
16.4.3.1. China
16.4.3.2. Japan
16.4.3.3. South Korea
16.5. Market Attractiveness Analysis
16.5.1. By Product Type
16.5.2. By End Use
16.5.3. By Country
16.6. Market Trends
16.7. Drivers and Restraints Impact Analysis
17. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Product Type
17.4.2. By End Use
17.4.3. By Country
17.4.3.1. India
17.4.3.2. Association of Southeast Asian Nations
17.4.3.3. Australia and New Zealand
17.4.3.4. Rest of South Asia and Pacific
17.5. Market Attractiveness Analysis
17.5.1. By Product Type
17.5.2. By End Use
17.5.3. By Country
17.6. Market Trends
17.7. Drivers and Restraints Impact Analysis
18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Billion) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
18.4. Market Size (US$ Billion) and Volume Forecast By Market Taxonomy, 2023 to 2033
18.4.1. By Product Type
18.4.2. By End Use
18.4.3. By Country
18.4.3.1. Gulf Cooperation Council Countries
18.4.3.2. Türkiye
18.4.3.3. Northern Africa
18.4.3.4. South Africa
18.4.3.5. Rest of Middle East and Africa
18.5. Market Attractiveness Analysis
18.5.1. By Product Type
18.5.2. By End Use
18.5.3. By Country
18.6. Market Trends
18.7. Drivers and Restraints Impact Analysis
19. Key Countries Market Analysis
19.1. U.S. Market Analysis
19.1.1. By Product Type
19.1.2. By End Use
19.2. Canada Market Analysis
19.2.1. By Product Type
19.2.2. By End Use
19.3. Mexico Market Analysis
19.3.1. By Product Type
19.3.2. By End Use
19.4. Brazil Market Analysis
19.4.1. By Product Type
19.4.2. By End Use
19.5. Argentina Market Analysis
19.5.1. By Product Type
19.5.2. By End Use
19.6. Germany Market Analysis
19.6.1. By Product Type
19.6.2. By End Use
19.7. Italy Market Analysis
19.7.1. By Product Type
19.7.2. By End Use
19.8. France Market Analysis
19.8.1. By Product Type
19.8.2. By End Use
19.9. U.K. Market Analysis
19.9.1. By Product Type
19.9.2. By End Use
19.10. Spain Market Analysis
19.10.1. By Product Type
19.10.2. By End Use
19.11. BENELUX Market Analysis
19.11.1. By Product Type
19.11.2. By End Use
19.12. China Market Analysis
19.12.1. By Product Type
19.12.2. By End Use
19.13. Japan Market Analysis
19.13.1. By Product Type
19.13.2. By End Use
19.14. S. Korea Market Analysis
19.14.1. By Product Type
19.14.2. By End Use
19.15. India Market Analysis
19.15.1. By Product Type
19.15.2. By End Use
19.16. Association of Southeast Asian Nations Market Analysis
19.16.1. By Product Type
19.16.2. By End Use
19.17. Gulf Cooperation Council Countries Market Analysis
19.17.1. By Product Type
19.17.2. By End Use
19.18. Türkiye Market Analysis
19.18.1. By Product Type
19.18.2. By End Use
19.19. South Africa Market Analysis
19.19.1. By Product Type
19.19.2. By End Use
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Production Capacity Estimates of Top Players
20.5. Market Presence Analysis
21. Competition Analysis
21.1. Competition Dashboard
21.2. Primary Survey Analysis
21.3. Competition Deep Dive
21.3.1. Evonik Industries
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Key Financials
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Bosch
21.3.2.1. Overview
21.3.2.2. Product Portfolio
21.3.2.3. Key Financials
21.3.2.4. Sales Footprint
21.3.2.5. Strategy Overview
21.3.3. Solvay SA
21.3.3.1. Overview
21.3.3.2. Product Portfolio
21.3.3.3. Key Financials
21.3.3.4. Sales Footprint
21.3.3.5. Strategy Overview
21.3.4. CTX Pro
21.3.4.1. Overview
21.3.4.2. Product Portfolio
21.3.4.3. Key Financials
21.3.4.4. Sales Footprint
21.3.4.5. Strategy Overview
21.3.5. Alfred Kärcher SE & Co. KG
21.3.5.1. Overview
21.3.5.2. Product Portfolio
21.3.5.3. Key Financials
21.3.5.4. Sales Footprint
21.3.5.5. Strategy Overview
21.3.6. AIRPURETEC Technologies
21.3.6.1. Overview
21.3.6.2. Product Portfolio
21.3.6.3. Key Financials
21.3.6.4. Sales Footprint
21.3.6.5. Strategy Overview
21.3.7. Arkema
21.3.7.1. Overview
21.3.7.2. Product Portfolio
21.3.7.3. Key Financials
21.3.7.4. Sales Footprint
21.3.7.5. Strategy Overview
21.3.8. Nouryon
21.3.8.1. Overview
21.3.8.2. Product Portfolio
21.3.8.3. Key Financials
21.3.8.4. Sales Footprint
21.3.8.5. Strategy Overview
21.3.9. Taekwang Industrial Co.
21.3.9.1. Overview
21.3.9.2. Product Portfolio
21.3.9.3. Key Financials
21.3.9.4. Sales Footprint
21.3.9.5. Strategy Overview
21.3.10. NOF Corporation
21.3.10.1. Overview
21.3.10.2. Product Portfolio
21.3.10.3. Key Financials
21.3.10.4. Sales Footprint
21.3.10.5. Strategy Overview
21.3.11. Pergan GmbH
21.3.11.1. Overview
21.3.11.2. Product Portfolio
21.3.11.3. Key Financials
21.3.11.4. Sales Footprint
21.3.11.5. Strategy Overview
21.3.12. United Inhibitors
21.3.12.1. Overview
21.3.12.2. Product Portfolio
21.3.12.3. Key Financials
21.3.12.4. Sales Footprint
21.3.12.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology
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