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Global Sodium Alginate Market InsightFebruary 17, 2022 Comments
Global sodium alginate is forecast to 7.21% over the next five years. According to the WK-chem Research, “Global Sodium Alginate Professional Survey Report 2022, Forecast to 2027”, the growing awareness about the sustainable features of sodium alginates are paving the way for ample of growth potential in the global sodium alginate market. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.21% base on WK-chem Research regression analysis model.
“The growing demand for bio-based fibres and favourable chemical properties of sodium alginate, which are superior to starch, are driving the demand for the product in the textile industry. Moreover, the rapid technological advancements and growing R&D activities are expected to further aid the industry growth in the forecast period”, said Robin Evans, Senior analyst, in WK-chem Research.
Sodium alginate is gaining popularity across all the end use industry because it is derived from seaweed, which makes it a sustainable chemical or bio based chemical. The global sodium alginate market is likely to grow at a healthy rate during the forecast period.
Availability of substitutes such as corn starch, natural gums, and maize starch may dampen the market.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sodium alginate companies that include: J. Rettenmaier & Söhne GmbH + Co KG, KIMICA Corporation, Zibo Wangfei Seaweed Tech. Co., Ltd., Qingdao Gfuri Seaweed Industrial Co., Ltd., Meron Group, SNP, Inc. and Others.
Segmentation of Sodium Alginate Market:
According to the type, the market for sodium alginate is divided into: Industrial Grade, Food Grade, Pharma Grade. Industrial Grade has the largest market share. Industrial grade sodium alginate is a mixture of high-molecular-weight polymers derived from brown seaweed. This kind of food additive finds its application in manufacturing paper to add strength and durability, as well as in the textile industry for increasing texture or drawing out dyeing solutions. It also finds applications in medicine where it serves as a substitute for gelatin.
According to the application, the market for sodium alginate is divided into: Papermaking, Paper Coatings, Textiles, Food & Beverage, Medicine. Papermaking has the largest market share. Sodium alginate is used as a thickener and emulsifier in the papermaking process. It helps to create a strong bond between the fibers of the paper, which results in a more durable product. Additionally, sodium alginate can be used to improve the opacity and brightness of paper products.
Sodium Alginate Market: Regional Analysis
In terms of geography, the global sodium alginate market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Europe is expected to provide significant growth opportunities for the expansion of the sodium alginates industry in the forecast period. The growth can be attributed to the thriving textile industry in the region, which accounts for a significant share of the global textile industry. Meanwhile, the Asia Pacific is expected to witness a steady growth owing to the increasing demand for sodium alginates in emerging economies like China and India. The low cost of raw materials, the growing textile industry, and the burgeoning growth of the food and pharmaceutical sector are boosting the product demand in the region.
Largest share area：Europe
Largest share country：Germany
Product Type：Industrial Grade, Food Grade, Pharma Grade.
Application：Papermaking, Paper Coatings, Textiles, Food & Beverage, Medicine.
Leading Company：J. Rettenmaier & Söhne GmbH + Co KG, KIMICA Corporation, Zibo Wangfei Seaweed Tech. Co., Ltd., Qingdao Gfuri Seaweed Industrial Co., Ltd., Meron Group, SNP, Inc.