Sodium Gluconate Market
Sodium Gluconate Market Forecasts to 2030 - Global Analysis By Form (Powder and Liquid), Source (Powder and Liquid), Distribution Channel, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $666.1 MN |
|
Projected Year Value (2030) |
US $928.9 MN |
|
CAGR (2024 - 2030) |
5.7% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Sodium Gluconate Market is accounted for $666.1 million in 2024 and is expected to reach $928.9 million by 2030 growing at a CAGR of 5.7% during the forecast period. Sodium gluconate is the sodium salt of gluconic acid, commonly used as a chelating agent. It is a white, crystalline powder that dissolves easily in water. This compound is widely used in industries such as water treatment, cleaning products, and cosmetics due to its ability to bind and neutralize metal ions, preventing scaling and improving efficiency. Sodium gluconate is also used in food processing as a stabilizer and preservative, and in construction as a concrete additive to enhance workability and strength.
Market Dynamics:
Driver:
Growing demand for eco-friendly products
The growing demand for eco-friendly products is driving the market, as consumers and industries increasingly prioritize sustainable solutions. Sodium gluconate, being biodegradable and non-toxic, is gaining popularity in sectors like water treatment, cleaning, and cosmetics, where environmentally friendly alternatives are sought after. Its ability to replace harsher chemicals without compromising effectiveness makes it a favored choice in eco-conscious formulations. This shift toward green chemistry is fueling market growth, with businesses focusing on sustainable production and packaging practices.
Restraint:
Availability of substitutes
The availability of substitutes for sodium gluconate poses a challenge to its market growth. alternative chelating agents, such as citric acid or glucono-delta-lactone, often offer similar benefits at a lower cost, making them attractive options for industries. These substitutes may also provide eco-friendly advantages, further driving competition. As a result, the presence of cheaper or more efficient alternatives could limit Sodium Gluconate's market share, especially in price-sensitive applications or where specific performance requirements are not critical.
Opportunity:
Rising use in the construction industry
The rising use of sodium gluconate in the construction industry is boosting its market growth. As a dispersing agent, it enhances the workability and fluidity of concrete, preventing clumping and improving the mixing process. Sodium gluconate also helps reduce the need for excess water, enhancing the strength and durability of the final product. Its role in controlling setting times and preventing scale formation is especially valuable in high-performance concrete formulations, making it an increasingly sought-after additive in construction projects.
Threat:
Price volatility of raw materials
Price volatility of raw materials negatively impacts the market by increasing production costs and creating instability. Key ingredients like glucose or corn-based products are subject to fluctuations due to factors like crop yields, and global supply chain disruptions. These price changes can lead to higher manufacturing expenses, making Sodium Gluconate less competitively priced compared to alternatives. Unpredictable raw material costs also hinder long-term planning and profitability for manufacturers, affecting the overall market stability.
Covid-19 Impact:
The COVID-19 pandemic negatively impacted the market by disrupting global supply chains, causing shortages of raw materials and delays in production. Many industries, such as construction and water treatment, faced project delays and reduced demand due to lockdowns and economic uncertainty. However, the growing emphasis on sanitation and hygiene during the pandemic led to an increase in the demand for eco-friendly cleaning products, slightly mitigating the overall downturn. Recovery is ongoing as industries gradually resume operations.
The natural sources segment is expected to be the largest market share during the forecast period
The natural sources segment is expected to account for the largest market share during the forecast period. These natural sugars undergo fermentation to produce gluconic acid, which is then neutralized with sodium hydroxide to form Sodium Gluconate. The use of renewable, plant-based sources aligns with the growing demand for sustainable and eco-friendly products in the market. As consumers and industries focus on environmentally conscious solutions, natural sourcing of Sodium Gluconate supports its appeal as a green alternative in various applications.
The antiscale agent segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the antiscale agent segment is predicted to witness the highest growth rate. By chelating metal ions like calcium and magnesium, it inhibits the precipitation of salts, reducing scale deposits that can impair equipment performance and efficiency. This property makes Sodium Gluconate valuable in water treatment, cleaning formulations, and cooling systems, where scale buildup is a common issue. Its eco-friendly and non-toxic nature enhances its appeal as a preferred antiscale agent.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share. The region's focus on sustainable, eco-friendly products fuels the adoption of Sodium Gluconate as a biodegradable and non-toxic alternative to harsher chemicals. Additionally, its use in high-performance concrete and industrial applications continues to expand. North America's well-established infrastructure, along with rising environmental regulations, further supports the market's growth potential in the coming years.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. The rise in consumer demand for processed foods, along with changing lifestyles, is contributing to the increased demand for Sodium Gluconate in the food sector, particularly in food preservation and as a flavor enhancer. Additionally, The increasing demand for clean water and wastewater treatment solutions in Asia Pacific countries is driving the use of Sodium Gluconate as a chelating agent to remove metal ions from water systems.
Key players in the market
Some of the key players in Sodium Gluconate market include Arch Chemicals, Cargill, Inc., Sigma-Aldrich, BASF SE, FMC Corporation, Shandong Xuye New Materials Co., Ltd., Zhejiang Realsun Chemical Co., Ltd., Tate & Lyle PLC, Rita Biotech, Gujarat Chemical Products, Zhejiang Tianxin Chemical Co., Ltd., Xiamen Hisunny Chemical Co., Ltd., Zibo Ruibang Fine Chemical Co., Ltd., Changzhou Niutang Chemical Plant Co., Ltd. and Jiangsu Jiahua Chemical Co., Ltd.
Key Developments:
In May 2023, Cargill’s salt business has signed an agreement with CIECH Group, a leading supplier of evaporated salt products. The food grade evaporated salts manufactured by CIECH, will be combined with Cargill’s industry-leading portfolio of specialty food salts, including Alberger®, Premier™, Microsized®, and Potassium Pro®. By working with CIECH, through their facilities in Janikowo, Poland and Stassfurt, Germany, Cargill now can provide access to a full range of specialty and evaporated food salt solutions to European food manufacturers.
Forms Covered:
• Powder
• Liquid
Sources Covered:
• Natural Sources
• Synthetic Sources
Distribution Channels Covered:
• Direct Sales
• Online Sales
• Retail Sales
Applications Covered:
• Chelating Agent
• Antiscale Agent
• Corrosion Inhibitor
• Household Cleaners
• Flavor Enhancer
• Soil Treatment
• Other Applications
End Users Covered:
• Construction & Building
• Water Treatment
• Food & Beverage
• Pharmaceuticals
• Cleaning & Household Products
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Sodium Gluconate Market, By Form
5.1 Introduction
5.2 Powder
5.3 Liquid
6 Global Sodium Gluconate Market, By Source
6.1 Introduction
6.2 Natural Sources
6.3 Synthetic Sources
7 Global Sodium Gluconate Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Online Sales
7.4 Retail Sales
8 Global Sodium Gluconate Market, By Application
8.1 Introduction
8.2 Chelating Agent
8.3 Antiscale Agent
8.4 Corrosion Inhibitor
8.5 Household Cleaners
8.6 Flavor Enhancer
8.7 Soil Treatment
8.8 Other Applications
9 Global Sodium Gluconate Market, By End User
9.1 Introduction
9.2 Construction & Building
9.3 Water Treatment
9.4 Food & Beverage
9.5 Pharmaceuticals
9.6 Cleaning & Household Products
9.7 Other End Users
10 Global Sodium Gluconate Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Arch Chemicals
12.2 Cargill, Inc.
12.3 Sigma-Aldrich
12.4 BASF SE
12.5 FMC Corporation
12.6 Shandong Xuye New Materials Co., Ltd.
12.7 Zhejiang Realsun Chemical Co., Ltd.
12.8 Tate & Lyle PLC
12.9 Rita Biotech
12.10 Gujarat Chemical Products
12.12 Zhejiang Tianxin Chemical Co., Ltd.
12.12 Xiamen Hisunny Chemical Co., Ltd.
12.13 Zibo Ruibang Fine Chemical Co., Ltd.
12.14 Changzhou Niutang Chemical Plant Co., Ltd.
12.15 Jiangsu Jiahua Chemical Co., Ltd.
List of Tables
1 Global Sodium Gluconate Market Outlook, By Region (2022-2030) ($MN)
2 Global Sodium Gluconate Market Outlook, By Form (2022-2030) ($MN)
3 Global Sodium Gluconate Market Outlook, By Powder (2022-2030) ($MN)
4 Global Sodium Gluconate Market Outlook, By Liquid (2022-2030) ($MN)
5 Global Sodium Gluconate Market Outlook, By Source (2022-2030) ($MN)
6 Global Sodium Gluconate Market Outlook, By Natural Sources (2022-2030) ($MN)
7 Global Sodium Gluconate Market Outlook, By Synthetic Sources (2022-2030) ($MN)
8 Global Sodium Gluconate Market Outlook, By Distribution Channel (2022-2030) ($MN)
9 Global Sodium Gluconate Market Outlook, By Direct Sales (2022-2030) ($MN)
10 Global Sodium Gluconate Market Outlook, By Online Sales (2022-2030) ($MN)
11 Global Sodium Gluconate Market Outlook, By Retail Sales (2022-2030) ($MN)
12 Global Sodium Gluconate Market Outlook, By Application (2022-2030) ($MN)
13 Global Sodium Gluconate Market Outlook, By Chelating Agent (2022-2030) ($MN)
14 Global Sodium Gluconate Market Outlook, By Antiscale Agent (2022-2030) ($MN)
15 Global Sodium Gluconate Market Outlook, By Corrosion Inhibitor (2022-2030) ($MN)
16 Global Sodium Gluconate Market Outlook, By Household Cleaners (2022-2030) ($MN)
17 Global Sodium Gluconate Market Outlook, By Flavor Enhancer (2022-2030) ($MN)
18 Global Sodium Gluconate Market Outlook, By Soil Treatment (2022-2030) ($MN)
19 Global Sodium Gluconate Market Outlook, By Other Applications (2022-2030) ($MN)
20 Global Sodium Gluconate Market Outlook, By End User (2022-2030) ($MN)
21 Global Sodium Gluconate Market Outlook, By Construction & Building (2022-2030) ($MN)
22 Global Sodium Gluconate Market Outlook, By Water Treatment (2022-2030) ($MN)
23 Global Sodium Gluconate Market Outlook, By Food & Beverage (2022-2030) ($MN)
24 Global Sodium Gluconate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
25 Global Sodium Gluconate Market Outlook, By Cleaning & Household Products (2022-2030) ($MN)
26 Global Sodium Gluconate Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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