GVR Report cover Sodium Gluconate Market Size, Share & Trends Report

Sodium Gluconate Market Size, Share & Trends Analysis Report By Application, Region, And Forecasts, 2023 To 2030

  • Report ID: GVR454339
  • Number of Pages: 0
  • Format: Electronic (PDF)

The sodium gluconate market is expected to grow significantly due to its increasing usage in detergents, textile dyeing, printing, personal care products, and metal surface water treatment. Moreover, it also exhibits excellent chelating properties, making it desirable for applications that come in contact with hard water, which is expected to further escalate the market demand.

Sodium gluconate is the sodium salt of gluconic acid, which is formed by the fermentation of glucose. It is a white crystalline powder that possesses properties such as water solubility and is non-toxic, non-corrosive, and biodegradable. It also has excellent chelating power, especially in alkaline solutions, and works as a glass bottle and steel surface cleaning agent.

The sodium gluconate market is segmented into pharma grade, industrial grade, food grade, and others. Industrial grade accounted for the highest share owing to its high demand in the textile and metal cleaning markets. In addition, the rising usage of food-grade sodium gluconate in the food and beverage industry to prevent bitterness from food products is anticipated to increase the market's demand.

Sodium gluconate is used in a wide range of applications, including food and beverages, textiles, construction, pharmaceuticals, water treatment, and others. Its market demand is dominated by construction and industrial applications, where it is used as a plasticizer and retardant. Additionally, its growing use in the textile and metal cleaning industries is expected to accelerate the industry's growth.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to its high demand from the construction industry, while North America and Europe are growing at a significant rate due to the presence of prominent players, the adoption of high technology, and the growing manufacturing sector.

The market is highly competitive due to the presence of a large number of players, who are investing in increasing their production capacities to gain a competitive advantage. These players include Shandong Fuyang Bio-Tech CO.LTD, PMP Fermentation Products, Inc., Jungbunzlauer Suisse AG, Zhucheng Dongxiao Biotechnology Co., Ltd, and Shandong Qilu Bio-Technology Group Co., Ltd.

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