Oxygen scavengers can be defined as chemicals which are used to reduce the level of oxygen in enclosed packages. They are used to extend product shelf life and help in product safety. Additionally, these chemicals are also used to reduce corrosion in water-handling equipment such as in power plants, refineries, and others. ______________ 1. Micromarkets are defined as sub-segments of the oxygen scavengers market included in the report. 2. Core competencies of the companies are covered in terms of their key developments and strategies adopted to sustain their position in the market.