The global sodium alginate market is estimated to be valued at around US$ 170 Mn by the end of 2022, and is projected to grow at a significant growth rate, due to rising end-use industries, such as the textile industry, across the world.
Sodium alginate is a gum derived from brown algae and seaweed. It is widely used in the food industry as a thickener and emulsifier, as well as in pharmaceuticals and cosmetics. Sodium alginate is also used in printing and dyeing, paper making, textile and other industries.
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Persistence Market Research released a new research study on the global sodium alginate market for the historical period of 2014 to 2018, and the forecast period of 2019 to 2029. The research study includes the sodium alginate market outlook and forecast for the coming ten years, along with the annual growth rate of individual segments. The global sodium alginate market is estimated to be valued at around US$ 170 Mn by the end of 2022, and is projected to grow at a significant growth rate, due to rising end-use industries, such as the textile industry, across the world.
Key Companies-
- The JRS Group, Ltd
- KIMICA Corporation
- Maabarot Products Ltd
- Ashland Inc.
- Zibo Wangfei Seaweed Tech. Co., Ltd.
- Qingdao Gfuri Seaweed Industrial Co., Ltd.
- Meron Group
- WIBERG Canada
- Lianyungang Fengyun Seaweed Manufacturer Co., Ltd.
- Hangzhou Mobel Biotechnology Co., Ltd
- SNP Inc.
- Qingdao Lanneret Biochemical Co., Ltd.
- IRO Alginate Industry Co., Ltd
- WillPowder, LLC
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Sodium Alginate Market: Regional Market Projections
On the basis of geography, North America and Europe are prominent producers of sodium alginate. These regions are investing in the export of sodium alginate to highly demanding regions such as East Asia and South Asia. In East Asia, especially, China & South Korea are expected to pick up substantial shares in terms of the market volume of sodium alginate during the forecast period. The consumption of sodium alginate majorly depends upon the textile manufacturing units located in a region. Thus, EU countries are expected to drive the global sodium alginate market growth. For instance, Europe is projected to hold around one-fourth of the market share in the global sodium alginate market, during the forecast period.
North America and Europe are estimated to hold prominent market shares in the global sodium alginate market over the forecast period, due to the increasing number of textile manufacturers across these regions. For instance, the United States is one of the world’s prominent frontrunners in terms of textile research and development. Moreover, vendors operating in the sodium alginate marketplace are noted to strengthen their distribution networks in countries where they have low local presence. For the same, they are adopting the inorganic growth strategy. Thus, strengthening the distribution network is an influencing factor for the sodium alginate market.
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Key Questions Answered in Sodium Alginate Market Report –
Who are the Major Manufacturers and Suppliers of Sodium Alginate?
What will the Sodium Alginate Market growth rate in Future?
What are the key factors driving the global Sodium Alginate Market?
Who are the key manufacturers in Sodium Alginate Market space?
What are the opportunities and threats faced by the vendors in the global Sodium Alginate industry?
What are sales, revenue, and price analysis by regions of Sodium Alginate industry?
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