Global Alginate Market is
segmented on the basis of form as potassium alginate, sodium alginate, and
calcium alginate. Among all the forms, the sodium alginate segment is lately
covering the largest share in the market, the reason being increased
applications in food and textile printing sectors. Alginate is the colloidal
material that is generally obtained from natural seaweeds. It can also be
recognized as a kind of salt of alginic acid. It is deployed in the form of
ammoniumalginate, calcium, as well as sodium specifically for dental impression
materials.
The most striking attributes
that are associated with it may include emulsifier, thickening agent, gelling
agent, stabilizer, and film-forming property. Due to all these properties, the
food manufacturers are making widespread usage of it. The product has been
proven quite beneficial as thickening agent and texture-improver for them. In
addition, the textile industry is utilizing it for carrying out processes like
dyeing, printing, and designing on cotton and jute fabrics. Moreover, it also
found its extensive application as binding agent for repairing rods as well as
in the preparation of animal feed. It has been noticed that the product is
gradually gaining huge popularity across various sectors due to increased
applications.
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The key factors that are
playing a significant role in raising the share of the market includes
augmented demand from various sectors especially food and textile industry,
mounting applications, rise in the industrialization, increasing awareness
among the end users, constant developments and researches, and rise in the
investments by the leading manufacturers. Alginate Market is segmented on the
basis of application as pharmaceutical, food and beverage, paper, textile,
cosmetic, and others. Others may include welding, pet food and cosmetic. Among
all the applications, the food and beverage and textile segments are taking up
the largest share.
Alginate Market is segmented
on the basis of geographical location as North America, Europe, China, Japan,
Southeast Asia, and India. As far as the geographical region is concerned, Asia
Pacific is currently leading the market and it is simultaneously accounting for
the largest share in the market, the reason being industrialization,
urbanization, growing population, mounting demand across various sectors,
increasing awareness among the masses, and rise in the investments. On the
other hand, Europe is also witnessing a robust growth due to the emergence of
leading manufacturers in the particular region.
The key players operating in
the Market covers Shandong Jiejing Group Corporation, Prinova Europe Limited,
Prestige Brands, Inc., Cargill, Incorporated, Qingdao Liyang Seaweed Industrial
Co.,Ltd, Compañía Española de Algas Marinas S.A. A2 Trading GmbH, DuPont,
KIMICA Corporation, and Qingdao Rongde Seaweed Co., Ltd.
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