The sodium salt of gluconic acid is known as sodium gluconate. It's an odourless white powder that's utilised in a variety of applications, including printing, textile dying and metal surface water treatment. They're commonly utilised as a surface cleaner. Due to their extensive applications in water quality stabilisers, pharmaceutical, culinary, and other sectors, they are in high demand, copper, calcium, Iron, magnesium and aluminium are all good sequestrants
Covid-19 Impact & Market Status:
When it comes to interpreting these unanticipated demand patterns, companies that are rapidly expanding capacity to meet COVID-induced demand must be cautious. Post-pandemic changes in social, economic, trade, and political factors, as well as planned environmental regulatory reforms, will impact the Sodium Gluconate Market business from 2022 to 2029. Sodium Gluconate Market had a mixed performance across applications and geographies at COVID 19. The report focuses on the pandemic's segment-specific consequences and analyses various development scenarios for the Sodium Gluconate Market until 2029.
North America and Asia-Pacific currently dominate the sodium gluconate market
North America and Asia-Pacific currently dominate the sodium gluconate market and will continue to do so during the forecast period due to the high demand from the construction sector, the presence of key players, and the high adoption of new technologies. Europe will continue to have the highest CAGR for this period due to rising demand for sodium gluconate from various industrial businesses in this region.The global growth of the sodium gluconate market is expected to be driven by demand in the construction and industrial sectors.
For the projection period of 2022-2029, the sodium gluconate market would grow at a CAGR of 5.50 percent.
The textile industry's increased need for sodium gluconate in cleaning and degreasing fibre is one of the primary factors impacting the sodium gluconate market's expansion. Furthermore, the growing demand for sodium gluconate as a plasticizer in the construction industry, as well as the rise in its application in suppressing bitterness in food products, would drive the sodium gluconate market growth rate. Furthermore, the sodium gluconate market will profit from increased demand from various manufacturing industries, as well as the creation of new markets.
The high cost of sodium gluconate manufacturing, on the other hand, may limit the sodium gluconate market's expansion. Furthermore, substantial changes in the sodium gluconate supply chain are forcing the predominance of high-quality, low-cost items, which will stifle the sodium gluconate market's growth rate.
The major market players of Sodium Gluconate Market are Shandong Baisheng Biotechnology Co., Ltd., , Jungbunzlauer Suisse AG, , PMP Fermentation Products, Inc., Zhucheng Dongxiao Biotechnology Co., Ltd.,., Shandong Qilu Bio-Technology Group, Airedale Chemical Company Limited, Roquette Frères, Shandong Fuyuan Bio-Tech CO.LTD., XIWANG GROUP.
Major Developments in Sodium Gluconate Market:
- In March 2022, Fresenius Kabi announced that SMOFlipid ILE (Lipid Injectable Emulsion) has been awarded an additional indication for pediatric patients in the United States, including term and preterm newborns, making it the first and only four-oil lipid emulsion for parenteral nutrition patients of all ages. SMOFlipid can be utilized from the hospital to the home care environment.
Sodium Gluconate Market Scope
|Forecast Unit||Value (USD)|
|Growth Rate||CAGR of 5.50% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||Shandong Baisheng Biotechnology Co., Ltd., , Jungbunzlauer Suisse AG, , PMP Fermentation Products, Inc., Zhucheng Dongxiao Biotechnology Co., Ltd.,., Shandong Qilu Bio-Technology Group, Airedale Chemical Company Limited & among others.|
Key Segments of Sodium Gluconate Market
Type Overview, 2022-2029 (USD Million)
- Pharma Grade
- Industrial Grade
- Food Grade
Application Overview, 2022-2029 (USD Million)
- Water Quality Stabilizer
- Food Pharmaceutical
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa