In accordance with this study, the Global Sodium Gluconate Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2025 with a CAGR of XX% during the period of 2019-2026. In the report the market has also been projected in terms of volume, from 2019 to 2026. The Sodium Gluconate market is expected to increase from XX KT in 2019 to XX KT by 2026 with an anticipated CAGR of XX% between 2019 and 2026.
Sodium gluconate (NaC6H11O7) is a compound that is a sodium salt of gluconic acid, which is produced by the fermentation of glucose. This compound is a white to tan, granular to fine, crystalline powder, which is very soluble in water. Sodium gluconate acts as a chelating agent, especially in alkaline and concentrated alkaline solutions. Moreover, sodium gluconate also acts as a good plasticizer or water reducer for concrete, mortar, and gypsum. Further, in food applications, this compound has the property to inhibit the bitterness in food products.
The rising demand for sodium gluconate from construction and industrial sectors owing to its use as a water reducer in concrete, mortar, and gypsum is primarily driving the market growth. Also, the growing utilization of sodium gluconate in the textile industry as it is used in degreasing and cleaning fibers is again pushing the market value. On the contrary, the high cost associated with the manufacturing of sodium gluconate could challenge the market demand.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of sodium gluconate.
The study offers a decisive view of the global sodium gluconate market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Industrial Grade
- Industrial Grade
- Food Grade
This section covers sodium gluconate market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global sodium gluconate market along with the individual application segment across all the prominent region.
Global Sodium Gluconate Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global sodium gluconate market are Qingdao Kehai, Shandong Fuyang, Shandong Kaison, Shandong Parkson, Shandong Qilu Group, Shandong Xinhong, Wanshang Group, Weifang Honghai, Xiwang Group, And Zhucheng Dongxiao. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.