Propylene Glycol Alginate Industry | 2020 Growth Insight, Emerging Technologies, Competitive, Regional, And Forecast To 2027

[Ram Vasekar]

Overview:

The propylene glycol alginate market is rising impressively with the increasing demands from the end-user industries. Propylene glycol alginate, also known as PGA E405, has varied use as preservatives, thickeners, gelling agents, emulsifiers, surfactants, defoaming agents, and texture stabilizer. An ester of the alginic acid that is found in the cell walls of brown algae as viscous gum, propylene glycol alginate is a linear copolymer that can be utilized in several sectors. The global propylene glycol alginate market can expect a robust growth rate during the forecast period (2020-2027) and cross the estimated valuation mark by the end of 2027, claims Market Research Future (MRFR) in a published report that has as its foundation segmental analysis, drivers that can impact the market in the coming years, and updates of the market players. The endeavor is to provide a holistic report for a better predictive understanding of the market.

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Fast-tracked lifestyle is one of the major factors that is proving beneficial for the propylene glycol alginate market. With mounting pressure from urbanization and industrialization, the adopted lifestyle of the urbanites is banking mostly on the renewed food & beverage sector. Processed food, jams, jellies, ice creams, salad dressings, dairy products, and many others are reaping benefits of such technologies. Its use as thickeners and sizing agent in the said industry is prodigious. Cosmetics and personal care products, on the other hand, are witnessing a surge in the sale which is squarely, producing traction for the propylene glycol alginate market. The global rise in breweries is also impacting the market significantly. Such demand from various industries can never let the propylene glycol alginate market have any sluggish period.

Competitive Landscape:

Notable prominent players in the global propylene glycol alginate market are IRO Alginate Industry Co., Ltd (China)., Kikkoman Corporation (Japan), Universal Preserv-A-Chem Incorporated (U.K), KIMICA Corporation (Japan), Qingdao Bright Moon Seaweed Group Co.,Ltd (China), Fuji Kasei Co. Ltd (Japan), Rizhao Jiejing Group Co., Ltd (China), and others.

In 2018, DuPont started investing in the JRS Group’s alginate business. This investment targets an increase in the portfolio in the food & beverage segment that would solidify the credentials of the company from a nutritional aspect.

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Regional Analysis:

MRFR report relies on the regional analysis of North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) for a holistic understanding of the propylene glycol alginate market.

As of 2016, North America is the leader and is expected to maintain its position during the forecast period. Booming urban sector is promoting the industry further by creating huge expanses in the food & beverage sector. At the same time, this region’s superlative infrastructure has led to various researches that are getting incorporated in cosmetic and pharmaceutical industries.

The APAC region is expected to profit more than the rest during the forecast period in terms of CAGR. Developing economies such as India, China, and others are relying on the product’s efficiency as herbicides, pesticides, and fungicides. The processed food sector is also another example of such a prolific run. However, Europe’ market can only expect moderate growth during the forecast period. Beer consumption is quite high in the region which can promote the market exponentially.

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Segmentation:

Based on the reports published by MRFR, the global propylene glycol alginate market can be segmented by application and end-users.

Based on the application, the propylene glycol alginate market can be segmented into emulsifiers, preservatives, thickeners, gelling agents, surfactants, defoaming agents, texture stabilizers and others. Its use as preservatives and thickeners is quite extensive in the food & beverage industry.

Based on the end-user industry, the propylene glycol alginate market includes food & beverage, pharmaceuticals, cosmetic & personal care, and others. Inspired by the rapidly changing lifestyle, food & beverage segment generates substantial revenue every year.