Introduction to the global sodium alginate market
Persistence Market Research has published a new study on the global sodium alginate market for the historical period of 2014 to 2018, and the forecast period of 2019 to 2029. The study includes the forecast Sodium alginate market And a forecast for the next ten years, at the same time. with the annual growth rate of individual sectors. The global sodium alginate market is estimated at around 170 million dollars by the end of 2019, and is expected to grow at a significant growth rate, due to an increase in end-use industries, such as the textile industry, worldwide.
Among the end-use sectors of sodium alginate, it is estimated that the textile sector occupies a prominent market share in the global sodium alginate market, due to an increase in disposable income among the middle class population and their changing lifestyles. Moreover, European countries are implementing new rules and regulations regarding the use of synthetic chemicals for various end applications, especially in food and beverages and pharmaceuticals. Due to this, the demand for bio-based products such as sodium alginate is increasing.
Geographically, the sodium alginate market in East Asia is expected to capture a relatively high market share in the global sodium alginate market, due to prominent economies such as China, South Korea and Japan located in the region. Moreover, increasing regulations in EU countries are estimated to increase the use of bio-based materials for manufacturing applications.
Request a Free Sample Report of the Sodium Alginate Market @ https://www.persistencemarketresearch.com/samples/4375
Sodium Alginate Market: Segmentation Analysis
The global sodium alginate market is segmented on the basis of product grade, function, end-use, and region.
Technical textile is a textile product, produced for functional purposes. The use of technical textiles is increasing at regional levels due to a wide range of applications in agriculture, automotive, defense and aerospace, among others. By product grade, the technical grade sodium alginate segment is expected to be a prominent segment in the global market in terms of market value and market volume by the end of the forecast period.
The demand for grab-and-go food products leads to the demand for large quantities of raw materials or intermediates such as sodium alginate, along with better quality to satisfy and meet consumer demands. This is expected to strengthen the food and pharmaceutical segment of the global sodium alginate market.
For critical insights into this market, request a personalization here@ https://www.persistencemarketresearch.com/request-customization/4375
Sodium Alginate Market: Regional Market Forecasts
On the basis of geography, North America and Europe are prominent producers of sodium alginate. These regions invest in the export of sodium alginate to highly demanding regions such as East Asia and South Asia. In East Asia, in particular, China and South Korea are expected to gain significant shares in terms of sodium alginate market volume during the forecast period. The consumption of sodium alginate depends mainly on the textile production units located in the area. Thus, EU countries are expected to drive the growth of the global sodium alginate market. For example, Europe is expected to hold about a quarter 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 during the forecast period due to the growing number of textile manufacturers in these regions. For example, the USA is one of the world’s most prominent fronts in terms of textile research and development. Moreover, vendors operating in the sodium alginate market are known to strengthen their distribution networks in countries where they have low local presence. To this end, they adopt the inorganic growth strategy. Therefore, strengthening the distribution system is an influencing factor on the sodium alginate market.
Buy the complete report to read the analyzed strategies adopted by leading vendors to maintain or gain market share@ https://www.persistencemarketresearch.com/checkout/4375
Sodium Alginate Market: Vendor Insights
The global sodium alginate market is a fragmented market, due to the presence of several market players in the global market. Some of the market players identified in the sodium alginate value chain are KIMICA Corporation, Zibo Wangfei Seaweed Tech. ושות’, IRO Alginate Industry Co., Ltd., Renewable Products Ltd., Ashland Inc., The JRS Group Ltd., Ltd., Qingdao Gfuri Seaweed Industrial Co., Ltd., Meron Group, Lianyungang Fengyun Weed Manufacturer Co., Ltd., WIBERG Canada, Qingdao Lanneret Biochemical Co., Ltd., Hangzhou Furniture Biotechnology Co., Ltd., ו-WillPowder, LLC, SNP Inc., Packaging.
Other popular reports:
Reliable antioxidants market
Non-PVC plastics market
Cold flow enhancers market
Cationic reagents market
on us
Persistence Market Research is a US-based market intelligence firm specializing in collaborative research, custom research and consulting services. Persistence Market Research boasts market research expertise in the Healthcare, Chemicals & Materials, Technology & Media, Energy & Mining, Food & Beverage, Semiconductor & Electronics, Consumer Goods, and Shipping & Transportation industries. The company draws on its multi-disciplinary capabilities and highly-credentialed team of analysts to share data that precisely matches clients’ business needs.
Contact Us:
Persistence market research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
American Ph.D – +1-646-568-7751
US-Canada toll free – +1 800-961-0353
Sales – [email protected]