Global Sodium Starch Glycolate Market anticipated growing between 2016 and 2023 due to growing SSG use in Pharmaceuticals Industry
Sodium starch glycolate (SSG) can be obtained by carboxy methylating starch from various origins. Market Research Future (MRFR) has published a research report about the global sodium starch glycolate market that predicts growth for this market during the forecast period between 2020 and 2030.
The key players in the global sodium starch glycolate market include DFE Pharma (Germany), H.P. Chemicals (India), JRS Pharma (Germany), Muby Chemicals (India), NB Entrepreneurs (India), Prachin Chemical (India), Remedy labs (India), Roquette (French), Shree Chemicals (India), and Spectrum Chemical Manufacturing Corp. (USA).
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The major reason for the growth of the global sodium starch glycolate market is the use of sodium carboxymethyl starch in sodium carboxymethyl cellulose due to cost-effectiveness. Another important factor leading to market growth is increasing the number of non-communicable diseases and chronic respiratory diseases due to the changing habits and aging population because of which the demand for sodium starch glycolate is increasing. In the pharmaceutical industry, the SSG use is increasing due to rising health awareness and longer life expectancies among consumers across the globe. Therefore, the market is increasing.
The global sodium starch glycolate market has been segmented on the basis of application, product, and lastly, region. The application-based segmentation segments this market into adhesives, food ingredients, pharmaceuticals, textile, and others. SSG is used as an additive in glues for plywood. The growing use of paper bags due to durability and eco-friendliness is fueling the demand for adhesives. Based on the product, the market has been segmented into corn, potato, wheat, and others.
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The regional segmentation of the global sodium starch glycolate market segments the market into regional markets known as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America is the dominant regional market in the whole global market due to the presence of various drug manufacturers, the availability of advanced medical facilities, and biotechnological pharma companies in this region, especially in the USA. The most important factors leading to market growth in this region include rising chronic ailments due to changing lifestyle and hectic work schedule and the rising demand for the product in the pharmaceutical industry. The market in here is also growing to due to the presence of many key market players and a high level of research and development (R&D). Demand for adhesives is also contributing to the market growth due to the revival of the automotive industry in North America and the prevalence of a large number of automotive manufacturers. After the USA, Canada is the most important country-specific market.
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Key Market Opportunities
New product launches and R&D Amongst major key Players
Key Market Drivers
Rising chronic diseases due to changing lifestyle and hectic work schedule
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In the MEA region, the market is limited due to poor countries, lack of awareness, lack of technological advancements, lack of advanced medical facilities, low standard of medical facilities, lack of education, lack of healthcare facilities, and most governments not considering healthcare a priority. In this region, the significant country-specific markets are Israel, Kuwait, North Africa, Oman, Qatar, Saudi Arabia, Turkey, and the United Arab Emirates (UAE), followed by the remaining countries in the MEA region.
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