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Global Sodium Gluconate Market Expected to Grow at a CAGR of 5% between 2020-2025, Driven by the Rising Textile Industry

According to a new report by EMR titled, 'Global Sodium Gluconate Market Report and Forecast 2020-2025', the global market for sodium gluconate is expected to grow at a CAGR of 5% in the forecast period of 2020-2025.

The market for sodium gluconate is being driven by the growing demand from the textile industry and its extensive use in various industries. The growing demand for the product from the construction industry is aiding the market growth over the forecast period. Further, the rising demand for the product within the textile industry for cleaning and degreasing fibre is stimulating the market growth. In addition, the growing demand for the product as a plasticizer within the construction industry is invigorating the market growth. The rising demand from the manufacturing sector is also enhancing the market growth. It is also used in the food industry as it helps inhibit the bitter taste in food products, which is helping accelerate the market growth of sodium gluconate. The rapid growth of e-retail channels like Amazon, eBay, and others are further propelling the market growth as they help enhance the sales of many of the downstream products of sodium gluconate.

The key industry players leading the sodium gluconate industry are Amorphos Chemicals Pvt. Ltd. and Roquette Frères. Amorphos Chemicals Pvt. Ltd., a company providing integrated solutions as well as chemical products for the construction chemicals industry, offers the supply of sodium gluconate. The product is used extensively in the concrete industry for several applications. The product is preferable over other materials due to its uniform quality and consistent performance. Some of the advantages of using sodium gluconate include less water usage, along with maintaining workability and strength, which helps in difficult situations like tropical weather operations, long hauling times, and placement of concrete in large areas. Owing to the aforementioned factors, the market for sodium gluconate is expected to increase over the forecast period.

Market Analysis by Grade, Application, and Region:

  • The sodium gluconate market, on the basis of grade, is divided into industrial, food, and pharma.
  • On the basis of application, the market is segmented into food and beverage, construction, pharmaceutical, textile, and water treatment, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for sodium gluconate is driven by the rising demand from the construction and industrial sectors.
  • Moreover, the market is being propelled by the growing demand from the textile industry, where it is used to degrease and clean the fibres.
  • Within the construction industry, the product is witnessing a high growth owing to its extensive use as a plasticiser and retardant.
  • The market is finding impetus due to the rising opportunities for the product within the construction industry.
  • Furthermore, the market for the product is expected to expand due to rising construction activities across the globe in the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sodium gluconate for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the grade, application, and major regions of sodium gluconate.
  • It gives an in-depth look at the regional price trends in the global market for sodium gluconate.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Roquette Frères, Jungbunzlauer Suisse AG, Airedale Chemical Company Limited, PMP Fermentation Products, Inc., Xiwang Group Co. Ltd., and Amorphos Chemicals Pvt. Ltd., among others, are the key players in the global sodium gluconate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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