The global sodium gluconate market size is calculated at USD 628 million in 2024 and is predicted to reach around USD 894.45 million by 2034, expanding at a CAGR of 3.6% from 2024 to 2034.
The sodium gluconate market demand is anticipated to be positively impacted by growing use of textile dyeing, printing, detergents, metal surface water treatment, and personal care items. Additionally, because of its remarkable chelating qualities, it can be applied in places that may come into contact with hard water. A crystalline powder, sodium gluconate has the qualities of being water soluble, biodegradable, non-toxic, and non-corrosive. It is also used as a surface cleaner and has remarkable chelating capacity. Furthermore, it is projected that the product's increasing use in the food and beverage sector to eliminate bitterness from food products would raise demand for it in the upcoming years.
Iron, copper, magnesium, calcium, and aluminum are all effectively sequestered by it. In addition, it serves as a chelating agent for the cement, plating, and alumina dyeing industries as a steel surface cleaner. The main factors driving the industry's expansion are anticipated to be the growing population, rising disposable incomes, expanding building sector, and expanding textile industry demand. However, it is anticipated that the high cost of producing the product will impede the industry's expansion. Significant changes in the sodium glutamate supply chain are also making premium goods more expensive, which is slowing the rate of industry expansion.
The product demand is also anticipated to benefit from increased demand from the region's food and beverage industry during the forecast period. Some of the other major variables influencing the demand for products in Asia Pacific are ongoing industrialization, fast urbanization, and rising demands for processed foods and clean water. Due to the implementation of advanced technologies, the existence of major players, and the growing demand for the product from a variety of manufacturing industries, the European market is anticipated to grow. In the upcoming years, it is also anticipated that increased government spending on structural growth will grow product development.
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| Stats ID: | 7179 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7179 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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