Market Research Future (MRFR) has published on the “Global Active Oxygens Market”.
The Active Oxygens market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Active Oxygens market— Air Products Inc., Air Liquide, Bhuruka Gases Limited, Daesung Group, Gulf Cryo, Inox-Air Products Inc, KOATSU GAS KOGYO CO., LTD., Linde plc, Matheson Tri-Gas, Inc, Nippon Gases, SHOWA DENKO K.K, SOL Spa, TAIYO NIPPON SANSO CORPORATION, and Yingde Gases Group.
Active Oxygens Market Highlights
The global Active Oxygens market is registered at a CAGR of 5.90% during the forecast period and is estimated to reach USD 6.86 billion by 2032.
Several important reasons primarily drive the market for active oxygens. As a result of severe regulations and environmental concerns, there is an increasing demand for environmentally safe and sustainable disinfection solutions. The use of active oxygens in various products is also being boosted by the cosmetics and skincare sector's emphasis on natural and anti-aging formulations. Additionally, the rise of healthcare services, particularly telemedicine and home healthcare, has created a sizable market for medical oxygen. These factors continue to drive the market for active oxygens forward, with technological developments and rising consumer awareness.
Segment Analysis
The global Active Oxygens market has been segmented based on form, application, and end-use industry.
Based on Form, the global Active Oxygens market segmentation includes Gaseous, Liquid, and Solid. The "Liquid" category is the market's largest subsegment. Due to their adaptability and simplicity of use in a variety of fields, such as sanitation, water treatment, and cosmetics, liquid active oxygens, such as hydrogen peroxide solutions and peracetic acid, dominate. Liquid forms are favored since they allow for controlled release and even distribution.
The global Active Oxygens market is segmented, based on application, includes Pharmaceutical, Cosmetics, Mining and mineral processing, and Automobiles. The "Cosmetics" category makes up most of the active oxygens market. Due to several important elements, this industry is driving segmental growth. First, there is a rising demand for skincare and beauty products worldwide, particularly those with anti-aging and skin-rejuvenation capabilities.
Based on end-use Industries, the global Active Oxygens market includes Medical, Industrial, and Scientific. The "Medical" category makes up most of the active oxygens market. The ongoing demand for medical oxygen, sterilant products, and respiratory treatment fuels it. The continued focus on infection prevention and healthcare is a major factor in the segment's growth.
Regional Analysis
Based on region, the global Active Oxygens market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Active Oxygens market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Active Oxygens market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Active oxygen market comprises the Middle East, Africa, and Latin America.
A strong focus on healthcare and a sizable demand for medical oxygen and sterilization solutions distinguishes the active oxygens market in North America. In this area, environmentally friendly disinfecting techniques are becoming more popular. The market is expanding due to the cosmetics sector, fueled by customer interest in organic and anti-aging goods. The market continues to grow thanks to technological developments in active oxygen delivery and encapsulation.
Active oxygen is in high demand in Europe due to strict environmental rules and an emphasis on sustainability. The region's healthcare sector mainly relies on medical oxygen, while the cosmetics sector strongly emphasizes formulations made from natural ingredients. In line with Europe's dedication to eco-friendly manufacturing, active oxygen technology advancements are crucial to the market's expansion.
The Asia-Pacific area has ample room for development as a result of its developing manufacturing and medical technology industries. The need for oxygen in combustion and oxidation processes rises as industrialization grows. In addition, there is a growing market for eco-friendly products in the cosmetics and personal care sector. The market benefits from the region's economic expansion, technical developments, and growing consumer awareness of products based on active oxygen.
The market dynamics in the rest of the world vary between different nations and areas. The demand for active oxygens is influenced by societal progress, the state of the medical system, and environmental issues. Eco-friendly disinfection is becoming more popular in some regions, while healthcare continues to be a major factor in the need for medical oxygen in other regions. Local considerations and changing industrial needs in this area influence market growth.Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Active Oxygens Market
Key Findings of the Study
- The global Active Oxygens market is expected to reach USD 6.86 billion by 2032, at a CAGR of 5.90% during the forecast period.
- Infection control, skincare trends, and industrial processes are some of the drivers that are driving the market's increasing demand diversification across a variety of industries, including healthcare, cosmetics, and industrial applications.
- The "Liquid" type of active oxygens is the market's largest subsegment, with an approximate market share of 45–55%.
- North America is the market for active oxygens with the greatest market size. Asia-Pacific is the active oxygens market region that is expanding at the highest rate.
- Air Products Inc., Air Liquide, Bhuruka Gases Limited, Daesung Group, Gulf Cryo, Inox-Air Products Inc, KOATSU GAS KOGYO CO., LTD., Linde plc, Matheson Tri-Gas, Inc, Nippon Gases, SHOWA DENKO K.K, SOL Spa, TAIYO NIPPON SANSO CORPORATION, and Yingde Gases Group.
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Companies Covered | 15 |
Pages | 128 |
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