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Global Sodium Alginates Market to Grow at a CAGR of 4% During 2020-2025, Aided by the Growing Demand from Various End Use Sectors, Particularly Textile

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Global Sodium Alginates Market: By Application: Stabilizer, Thickener, Gelling Agent, Emulsifier, Others; By End Use: Food and Beverage, Pharmaceuticals, Textile, Pulp and Paper, Coating, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Sodium Alginates Market Outlook

The global sodium alginates market is expected to grow at a CAGR of 4% in the forecast period of 2020-2025 to reach a value of approximately USD 217 million by 2025.

 

Europe to Provide Enhanced Growth Opportunities for the Sodium Alginates Industry Expansion

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. For manufacturers and distributors, the region is likely to remain an attractive market due to the growing product demand from various end-use industries, particularly textiles. Textile and printing and dyeing industries are emerging as leading consumers of the product, while the stringent safety regulations regarding its utilisation in food and pharmaceutical applications are impeding the growth of the food-grade sodium alginates. 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.

 

Sodium Alginates: Industry Definition and Segmentation

Sodium alginate is a gum mainly extracted from the cell walls of brown algae. It is the sodium salt of alginic acid and is represented by the formula NaC6H7O6. It has good chelating properties. Many of the Phaeophyceae class brown seaweeds are harvested across the world to be processed and converted into sodium alginate. Sodium alginate has applications in many industries, including food, animal food, textile printing, pharmaceuticals, and others.

The major applications of sodium alginates include:

  • Stabilizer
  • Thickener
  • Gelling Agent
  • Emulsifier
  • Others

Based on end uses, the industry can be segmented into:

  • Food and Beverage
  • Pharmaceuticals
  • Textile
  • Pulp and Paper
  • Coating
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand from New End Use Sectors, Particularly Textile, to Propel the Sodium Alginates Industry Growth

Sodium alginate is used as a thickener and emulsifier in food as well as pharmaceutical industries, and both the sectors occupy a significant share of the total market value. However, the demand for food grade sodium alginate in expected to decrease in the coming years owing to the availability of safer alternatives like natural gums, corn starch, and others. Thus, the sodium alginate manufacturers are turning to other end-use sectors and are developing the product for use in a wide range of applications. The rising demand for technical grade sodium alginate, particularly from textile, and pulp and paper industries are significantly contributing to the industry growth. Within the textile industry, sodium alginate serves as an integral ingredient for use in various procedures like warp sizing and dyeing pastes. 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.

 

Key Industry Players in the Global Sodium Alginates Market

The report gives a detailed analysis of the following key players in the global sodium alginates market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • J. Rettenmaier & Söhne GmbH + Co KG
  • KIMICA Corporation
  • Zibo Wangfei Seaweed Tech. Co., Ltd.
  • Qingdao Gfuri Seaweed Industrial Co., Ltd.
  • Meron Group
  • SNP, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Sodium Alginates Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Sodium Alginates Historical Market (2015-2019) 
    8.3    Global Sodium Alginates Market Forecast (2020-2025)
    8.4    Global Sodium Alginates Market by Application
        8.4.1    Stabilizer
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Thickener
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Gelling Agent
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Emulsifier
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Others
    8.5    Global Sodium Alginates Market by End Use
        8.5.1    Food and Beverage
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Pharmaceuticals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Textile
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Pulp and Paper
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Coating
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Others
    8.6    Global Sodium Alginates Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    J. Rettenmaier & Söhne GmbH + Co KG
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    KIMICA Corporation
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Zibo Wangfei Seaweed Tech. Co., Ltd.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Qingdao Gfuri Seaweed Industrial Co., Ltd.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Meron Group
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    SNP, Inc.
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Industry Events and Developments

 

Additional Customisations Available

1.    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2.    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Sodium Alginates Market: Key Industry Highlights, 2015 and 2025
2.    Global Sodium Alginates Historical Market: Breakup by Application (USD Million), 2015-2019
3.    Global Sodium Alginates Market Forecast: Breakup by Application (USD Million), 2020-2025
4.    Global Sodium Alginates Historical Market: Breakup by End Use (USD Million), 2015-2019
5.    Global Sodium Alginates Market Forecast: Breakup by End Use (USD Million), 2020-2025
6.    Global Sodium Alginates Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Sodium Alginates Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    North America Sodium Alginates Historical Market: Breakup by Country (USD Million), 2015-2019
9.    North America Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2020-2025
10.    Europe Sodium Alginates Historical Market: Breakup by Country (USD Million), 2015-2019
11.    Europe Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Asia Pacific Sodium Alginates Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Asia Pacific Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Latin America Sodium Alginates Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Latin America Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Middle East and Africa Sodium Alginates Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Middle East and Africa Sodium Alginates Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    North America Historical Price Trends and Forecast 2015-2025
19.    Europe Historical Price Trends and Forecast 2015-2025
20.    Asia Pacific Historical Price Trends and Forecast 2015-2025
21.    Latin America Historical Price Trends and Forecast 2015-2025
22.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
23.    Global Sodium Alginates Market Structure

Key Questions Answered in the Report

What is the growth rate of the global sodium alginates market?

The global sodium alginates market is projected to grow at a CAGR of 4% between 2020 and 2025.

What is the forecast outlook of the market for 2020-2025?

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 217 million by 2025.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand for food grade sodium alginate, low cost of raw materials, increasing product demand from various end-use industries, rising textile industry, and robust growth of the food and pharmaceutical sector, are expected to aid the market growth.

What are the key industry trends of the global sodium alginates market?

The key market trends guiding the growth of the market include the rising demand for bio-based fibres, rapid technological advancements, and increasing R&D activities.

What are the major regional markets of sodium alginates, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading application segments in the market?

The leading application segments in the market are stabilizer, thickener, gelling agent, and emulsifier, among others.

What are the major end use sectors in the industry?

The major end use sectors in the industry are food and beverage, pharmaceuticals, textile, pulp and paper, and coating, among others.

Who are the key industry players, according to the report?

The major players in the industry are 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.

Analyst Review

The global sodium alginates market is being driven by the rising textile industry. Aided by rapid technological advancements, the market is expected to witness a moderate growth in the forecast period of 2020-2025, growing at a CAGR of 4%. The market is projected to reach USD 217 million by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into stabilizer, thickener, gelling agent, and emulsifier, among others. By end use, the industry is segmented into food and beverage, pharmaceuticals, textile, pulp and paper, and coating, among others. The major regional markets for sodium alginates are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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