Global Alginate Market, By Salt Type (Propylene Glycol Alginate, Magnesium, Lithium, Ammonium Alginate, Calcium Alginate, Potassium Alginate, and Sodium Alginate), End Use (Leisure Industry, Technical Industry, Textile and Paper Industry, Art and Crafts, Cosmetics, Pharmaceuticals, and Food Industry), Functional Use (Foaming and Emulsifying Agent, Stabilizer, Coating, Adhesive, Gelling Agent, Thickening Agent, and Moisture Retainer), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights Global Alginate Market
Alginate market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market is growing at a CAGR of 4.2% in the above-mentioned forecast period.
Alginate is an ionic polysaccharide widely used in the cell wall of brown algae, which binds with water and forms viscous gum. Brown seaweed contains mixed alginic acid salts, which are the primary raw materials used in product preparation. Its colour varies from white to yellowish brown. It is usually sold in filament and granular forms. The product is said to be readily absorbed in water, making it a useful additive in slimming aids, as well as in dehydration products for the manufacture of textiles and paper. The product is colloidal material derived from natural seaweed, which is used primarily in processed foods.
The key factors driving the growth of the market are the increasing demand from various sectors, especially the food and textile industry, increasing applications, increasing industrialization, raising awareness among end-users, continuous growth and innovation, and more. In addition, the textile industry is helping, the process of dyeing, printing, and designing cotton, as well as making hemp fabrics. Additionally, it finds its application as a binding agent for rod repair and fodder preparations, which are other factors that complement the growth of the alginate market. However, high demand for seaweed for extraction of other products such as carrageenan gum is expected to result in limited raw material availability.
This alginate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research alginate market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Alginate Market Scope and Market Size
Alginate market is segmented on the basis of salts, end-use industry and functional use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of salt type, the alginate market is segmented into propylene glycol alginate, magnesium, lithium, ammonium alginate, calcium alginate, potassium alginate, and sodium alginate.
- Based on the end-use industry, the alginate market is segregated into leisure industry, technical industry, textile and paper industry, art and crafts, cosmetics, pharmaceuticals, and food industry.
- On the basis of functional use, the alginate market is categorized into foaming and emulsifying agent, stabilizer, coating, adhesive, gelling agent, thickening agent, and moisture retainer.
Alginate Market Country Level Analysis
Alginate market is analyses and market size, volume information is provided by country, salts, end-use industry and functional use as referenced above.
The countries covered in the alginate market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the alginate market in the forecast period 2020 to 2027 because of the growing demand for poultry product in the region and increasing urbanization in the region.
The country section of the alginate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alginate Market Share Analysis
Alginate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to alginate market.
The major players covered in the alginate market report are Qingdao Rongde Seaweed Co. Ltd., Qingdao Allforlong Biotech Co. Ltd, and Qingdao Bright Moon Seaweed Group Co. Ltd., Qingdao Gather Great Ocean Algae Industry Group Co. Ltd., Lianyungang Huanyu Seaweed Co. Ltd, Qingdao Fengrun Seaweed Co. Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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