The newly Sodium Gluconate market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Sodium gluconate is a salt of gluconic acid. It is a white powder, odorless and soluble in water. Sodium gluconate is used as a chelating agent in various applications such as cement, alumina dyeing and plating industries. Sodium gluconate is also used as a surface cleaning agent. It is an effective sequestrant for magnesium, iron, aluminum, copper, and calcium. It is used as a softener in water treatment.
On the basis of products, the various types include Industrial Grade, Food Grade, and Other. On the basis of application, the Sodium Gluconate market is segmented into Construction, Industrial, and Other.
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Market Insights
According to a new research study, the Sodium Gluconate market size is expected to reach USD 169 million by 2026 from USD 132 million in 2019, with a compound annual growth rate of 3.65% during the forecast period. The growth can be mainly attributed to the increasing demand for Sodium Gluconate in Construction and Industrial applications. With the recovery of the global economy and the development of emerging powers, the Sodium Gluconate market is endowed with a promising future.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific held the largest market share of 38.70% in 2018 and is anticipated to show the same trend in the coming years. This can be attributed to the huge demand from the construction industry in this region. The rapid industrialization and urbanization in developing economies, such as China and India, are expected to drive the growth of the market. North America and Europe accounted for a market share of 23.08% and 22.19% respectively in 2018. Europe is expected to show growth during the forecast period, owing to the huge demand for sodium gluconate in various manufacturing industries.
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Competitive Players
The Sodium Gluconate market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Xiwang Group, Shandong Fuyang, Shandong Parkson, Zhucheng Dongxiao, and Wanshang Group. Other prominent vendors in the market are Shandong Qilu Group, Weifang Honghai, Qingdao Kehai, Shandong Kaison, Shandong Xinhong, and others.
Target Audience for this Report
l Sodium Gluconate manufacturers
l Sodium Gluconate importers and exporters
l Sodium Gluconate traders, distributors, and suppliers
l Raw material suppliers of Sodium Gluconate
l Sodium Gluconate industry associations
l Product managers, Sodium Gluconate industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Sodium Gluconate Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Sodium Gluconate Market by Types
4 Segmentation of Sodium Gluconate Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Sodium Gluconate Market in Major Countries
7 North America Sodium Gluconate Landscape Analysis
8 Europe Sodium Gluconate Landscape Analysis
9 Asia Pacific Sodium Gluconate Landscape Analysis
10 Latin America, Middle East & Africa Sodium Gluconate Landscape Analysis
11 Major Players Profile
11.1 Xiwang Group
11.1.1 Xiwang Group Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Shandong Fuyang
11.3 Shandong Parkson
11.4 Zhucheng Dongxiao
11.5 Wanshang Group
11.6 Shandong Qilu Group
11.7 Weifang Honghai
11.8 Qingdao Kehai
11.9 Shandong Kaison
11.10 Shandong Xinhong
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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