Numerical simulations of nonequilibrium chemical reactions in a pulsating air bubble have been performed for various ultrasonic frequencies (20 kHz, 100 kHz, 300 kHz, and 1 MHz) and pressure amplitudes (up to 10 bars). The results of the numerical simulations have indicated that the main oxidant is OH radical inside a nearly vaporous or vaporous bubble which is defined as a bubble with higher molar fraction of water vapor than 0.5 at the end of the bubble collapse. Inside a gaseous bubble which is defined as a bubble with much lower vapor fraction than 0.5, the main oxidant is H2O2 when the bubble temperature at the end of the bubble collapse is in the range of 4000-6500 K and O atom when it is above 6500 K. From the interior of a gaseous bubble, an appreciable amount of OH radical also dissolves into the liquid. When the bubble temperature at the end of the bubble collapse is higher than 7000 K, oxidants are strongly consumed inside a bubble by oxidizing nitrogen and the main chemical products inside a bubble are HNO2, NO, and HNO3.