J. Rettenmaier & Söhne GmbH + Co KG, KIMICA Corporation, Zibo Wangfei Seaweed Tech Co., Ltd., Qingdao Gfuri Seaweed Industrial Co., Ltd., Meron Group, and SNP, Inc., among others, are the major players in the global sodium alginates market.
The global sodium alginates market is expected to grow at a CAGR of about 4% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the usage of sodium alginate as an emulsifier and thickener in food and pharmaceutical industries.
The growing demand for technical grade sodium alginate, especially from the textile, pulp and paper industries, is propelling the industry forward. Sodium alginate is a key ingredient in the textile industry, and it is used in various processes like warp sizing and dyeing pastes. The textile industry is driving the demand for sodium alginate because of the increased demand for bio-based fibres and the favourable chemical properties of sodium alginate, which are superior to starch. Furthermore, in the forecast period, rapid technological breakthroughs and expanding research and development efforts are expected to help in market expansion.
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In the forecast period, Europe is expected to provide significant growth opportunities to the sodium alginates industry. The region’s thriving textile industry, which accounts for a large part of the global textile industry, is responsible for the expansion. Due to increased product demand from numerous end-use industries, particularly textiles, the region is expected to remain an attractive market for manufacturers and distributors. The textile, printing, and dyeing industries are emerging as significant consumers of the product, whereas food-grade sodium alginates are being impeded by strict safety rules regarding their use in food and pharmaceutical applications. Due to the increased demand for sodium alginates in emerging economies such as India and China, the Asia Pacific region is expected to grow significantly. The region's product demand is being boosted by low raw material costs, a developing textile industry, and the burgeoning food and pharmaceutical sectors.
Headquarters: Tokyo, Japan
KIMICA was the first Asian company to effectively produce alginates on a commercial basis in 1941. KIMICA expanded its manufacturing plant, KIMICA Chile, in 1988 as a result of extensive sales growth. Today, KIMICA factories in Japan and Chile create a broad range of alginate products that are sold all over the world. The company now has a market share of more than 80% in the domestic market. It has also risen to become the world's leading company in the field of alginates for food and pharmaceutical applications.
Headquarters: Shandong, China
Zibo Wangfei Seaweed Tech Co., Ltd. primarily produces textile-grade sodium alginate. The company has been able to produce 2000 tonnes of sodium alginate per year. In recent years, the organisation has made significant progress by improving technological content and lowering prices, resulting in lower costs than the Chinese average and a more substantial cost-performance ratio. The company produces sodium alginate in compliance with global standards and exports it to more than 20 other nations including America, Bangladesh, Europe, India, and Pakistan.
Headquarters: Qingdao, China
Qingdao Gfuri Seaweed Industrial Co., Ltd. is one of the top manufacturers of seaweed products such as sodium alginate, calcium alginate, potassium alginate, seaweed fertiliser, seaweed powder, and alginic acid. The company exports its products to more than 60 countries including the United States, England, Brazil, Italy, Spain, and Germany.
Headquarters: Kochi, Kerala, India
Meron is the largest exporter and manufacturer of agar-agar in India. Agar-agar is suitable for various applications like microbiology, food, confectionery, pharmaceuticals, biotechnology, and plant tissue culture, among others. The company currently has a production capability of about 350 M.T per year. The company exports its products to South America, Russia, Europe, Africa, South East Asia, the Middle East, the United States, and Australia. The company also specialises in carrageenan, konjac, and alginates, among others.
Headquarters: Durham, United States
SNP is a speciality chemical company that produces custom-tailored materials for a variety of industrial uses. SNP collaborates with customers to understand their specific product requirements and uses both synthetic and natural chemistries to achieve those demands. SNP's products are used in a variety of industries, from paper and packaging to recreational sports. Products offered by the company include sodium alginate, guar gum, xanthan gum, polyurethane dispersions, acrylics, and polyvinyl alcohol, among others.
Also Read@ https://www.expertmarketresearch.com/pressrelease/global-sodium-alginates-market
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