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 2017 and 2023.
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.
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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.
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.
Argentina and Brazil are two
strong economies that have the potential to grow as suitable markets in Latin
America. Latin America is an important market but smaller compared to North
America as it lacks in the standard of technological advancement and advanced
medical facilities, compared to North America.
Europe is another substantial
regional market due to the extensive R&D activities happening in this
region. Government initiatives regarding R&D are the main reason that
boosts the market in Europe. Healthcare spending in Germany is more than the US
$ 400 bn of which 14% accounted for pharmaceutical products. That makes
Germany, the most important country-specific market. Other crucial
country-specific markets in this region are France, Italy, Poland, Russia,
Spain, and the UK.
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Key Players
·
DFE Pharma
·
H.P. Chemicals
·
JRS Pharma
·
Muby Chemicals
·
NB Entrepreneurs
·
Prachin Chemical
·
Remedy labs
·
Roquette
·
Shree Chemicals
·
Spectrum Chemical Manufacturing Corp.
The Asia Pacific is the third
most important regional market that is largely driven by the rapid growth of
the Indian pharmaceutical industry. Factors boosting the market growth in this
region are growing per capita income and rising health awareness among the
consumers. Vital country-specific markets in this region are Austalia, China,
Japan, and New Zealand, followed by the remaining countries in the Asia Pacific
region.
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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