Global Sodium Gluconate Market Report and Forecast 2024-2032

Global Sodium Gluconate Market Outlook

The global sodium gluconate market is expected to be aided by the growth of the gluconic acid market growth, which is expected to grow at a CAGR of 5% in the forecast period of 2024-2032.

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The Asia Pacific Presents Significant Growth Opportunities for the Sodium Gluconate Industry

Region-wise, the Asia Pacific region is a significant market for sodium gluconate. This can be attributed to the high demand for the product from the construction industry, especially from China, which exhibits a major share in the market both as a producer and a consumer and is expected to retain its hold in the market in the forecast period as well. India and Japan are expected to push the market growth for sodium gluconate in the coming years due to growing demand. North America is also another significant market for sodium gluconate as it is used in various industries in the region, such as metal cleaning, textile, and more. In the forecast period, Europe is expected to grow and witness an expansion in the market over the forecast period owing to the rising demand for the product from several manufacturing sectors. The overall growth of the sodium gluconate industry is expected to increase in the forecast period.

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Sodium Gluconate: Market Segmentation

Sodium gluconate is the salt of gluconic acid. It is a white powder, which is odourless and dissolves in water and is used as a chelating agent in various applications such as alumina dyeing, cement, and plating industries. The chemical is also used as a surface cleaning agent. Further, in water treatment, it is used as a softener.

On the basis of grade, the market is divided into:

• Industrial
• Food
• Pharma

Based on application, the industry can be segmented into:

• Food and Beverage
• Construction
• Pharmaceuticals
• Textiles
• Water Treatment
• Others

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

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Rising Demand from the Construction and Industrial Sectors to Aid the Global Market Growth for Sodium Gluconate

The market for sodium gluconate is primarily driven by the construction and industrial sectors. Further, it is used within the textile industry in degreasing and cleaning fibres, and as a sequestrant for metal ions. Thereby, the rising demand from the textile industry is aiding the market growth. Moreover, the product is also used as a plasticizer and retardant in the construction industry; as a result, the growing demand within this sector is enhancing the overall growth of the sodium gluconate industry. Lucrative opportunities for the product within the construction industry are expected to push the market growth for sodium gluconate in the forecast period. However, the market may face a major constraint in the form of higher manufacturing costs in the coming years.

Key Industry Players in the Global Sodium Gluconate Market

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

• Roquette Frères
• Jungbunzlauer Suisse AG
• Airedale Chemical Company Limited 
• PMP Fermentation Products, Inc.
• Xiwang Group Co. Ltd.
• Amorphos Chemicals Pvt. Ltd.
• Others

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

Key Highlights of the Report