Sodium Alginate prices are closely tied to seaweed supply, particularly in Asia, a major seaweed-producing region. Early 2023 witnessed supply disruptions due to adverse weather conditions, including erratic rainfall and typhoons, driving up Sodium Alginate production costs. Meanwhile, subdued demand from industries like pharmaceuticals and textiles created additional market fluctuations.
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Definition
Sodium Alginate is a natural polysaccharide extracted from brown seaweed, such as kelp. It is a white or pale yellow powder with a wide range of applications in various industries. Sodium Alginate is primarily known for its role in food and pharmaceuticals, where it serves as a thickening, gelling, and stabilizing agent. It is also used in textile printing and in the creation of dental impressions and wound dressings due to its biocompatibility and ability to absorb water.
Key Details About the Sodium Alginate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sodium Alginate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium Alginate Price chart, including India Sodium Alginate price, USA Sodium Alginate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium Alginate Price Trend:
Sodium Alginate has several significant industrial applications. In the food industry, it acts as a thickener, stabilizer, and gelling agent in products like ice cream and salad dressings. In pharmaceuticals, it is used for controlled drug release. Additionally, it plays a crucial role in textile printing, where it creates a gel-like substance to prevent color bleeding during dyeing, and in the medical field for wound dressings and dental impressions due to its biocompatibility and water-absorbing properties.
Key Players:
- The JRS Group, Ltd
- KIMICA Corporation
- Maabarot Products Ltd
- Ashland Inc.
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