Sodium Gluconate Market Size, Share & Trends Analysis Report By End-use (Construction, Food & Beverage, Textiles, Pharmaceutical), By Region, And Segment Forecasts, 2023 - 2030

Sodium Gluconate Market Size, Share & Trends Analysis Report By End-use (Construction, Food & Beverage, Textiles, Pharmaceutical), By Region, And Segment Forecasts, 2023 - 2030

Sodium Gluconate Market Growth & Trends

The global sodium gluconate market size is expected to reach USD 794.5 million by 2030, as per the new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 3.7% from 2023 to 2030. This is attributable to the rising demand for sodium gluconate from construction and industrial sectors owing to its use as a water reducer in concrete, mortar, and gypsum. Growing consumer awareness for homecare products including floor care products and detergents is anticipated to drive the market growth over the forecast period.

Sodium gluconate is an environmentally friendly iron chelating agent widely used in cleaning and personal care products. Consistent exposure to non-biodegradable compounds has harmful effects on the environment, and thus, can create barriers to market growth over the forecast period. Such factors might lead to the increasing utilization of advanced chemicals biodegradable chemicals and thus creating lucrative opportunities for the industry.

Changing consumer preferences, amendments to industrial policies to align with growing environmental concerns, varying raw material costs triggered by prevailing geo-political conflicts, and expected economic turbulences might become key challenges for product manufacturers across the globe.

Asia Pacific was the largest regional market for sodium gluconate in 2022, accounting for over 36% share of the global volume. Emerging economies of the region including India, China, Japan, Indonesia, and South Korea are expected to show significant improvements in the water treatment, and detergent application sectors on the account of rising population, coupled with increasing awareness. Furthermore, rising public concerns over environmental pollution caused by using non-biodegradable agents are likely to propel product demand in the coming years.

Sodium Gluconate Market Report Highlights

• The North America region is expected to witness the highest CAGR of 4.1% over the forecast period. This is attributable to a surge in demand from downstream industries including metal printing, textile dyeing, as well as metal surface water treatment
• Food & beverage segment is expected to grow at the highest CAGR of 4.3% over the forecast period. This is attributable to growing demand from dairy, food & meat processing, and convenience food sectors
• China dominated the market in terms of both production and consumption, with nearly USD 133.0 million consumed in 2022
• Top producers of sodium gluconate in China accounted for more than 75% of the production
• Capacity expansions and growing investments in the Asia Pacific region are anticipated to contribute to the market’s growth in the near future

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