Sodium Gluconate Prices

Sodium Gluconate Prices June 2024

The sodium gluconate prices in the China for Q2 2024 reached 625 USD/MT in June. The region's market saw a notable rise in prices due to strong requirement from the building sector, driven by increasing government initiatives regarding infrastructure and residential sales. Geopolitical tensions, rising oil prices, and logistical issues, including port congestion, intensified cost pressures. Despite challenges like these, the supply remained steady, supported by active construction during favorable weather conditions.

Sodium Gluconate Prices December 2023

The price trend for sodium gluconate in China for Q4 2023 settled at 517 USD/MT in December. In the final quarter of 2023, China's market was hit by low demand and an economic slowdown, particularly impacting the construction sector. Despite a rise in manufacturing activity, overall demand remained weak, leading to a significant drop in prices. High product availability also contributed to the market's bearish trend.

Regional Coverage

The report provides a detailed analysis of the sodium gluconate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium gluconate price trend.

Global Sodium Gluconate Price

The report offers a holistic view of the global sodium gluconate pricing trends in the form of sodium gluconate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into sodium gluconate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into sodium gluconate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium gluconate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Asia Pacific Sodium Gluconate Price

Q2 2024:

Due to growing production costs and ongoing requirement from the building industry, sodium glutamate prices in the Asia Pacific region increased significantly in Q2 2024. Cost constraints were exacerbated by geopolitical concerns, rising crude oil costs, and operational difficulties such port congestion and freight rate increases. China in particular saw significant price hikes due to the country's burgeoning building industry, which was fueled by increasing residential sales and government-backed construction endeavors. Positive pricing trends were also supported by the start of favorable summer weather, which increased construction activity. No significant plant shutdowns were reported in spite of supply-side limitations, guaranteeing a continuous but constrained supply for the duration of the quarter.

Q4 2023:

During Q4 2023, the Asia Pacific sodium gluconate market faced a challenging period, marked by low demand across key sectors such as building, apparel, and food and drink industries. China's economic slowdown played a major role in dampening demand, with abundant product availability further driving prices down. Despite stable production levels, China saw the most substantial price declines due to weak economic indicators and soft demand in the construction sector. Even with some development in production activity, the sodium gluconate saw consistently low demand. The market's downward trend was largely due to the bearish conditions in the region's largest consuming sectors, leading to a subdued price environment.

This sodium gluconate price analysis can be expanded to include a comprehensive list of countries within the region.

Europe Sodium Gluconate Price

Q2 2024:

The market in Europe saw an upward price trend in Q2 2024, driven by strong requirement from the construction industry and higher international shipping charges. The construction sector’s recovery, particularly in Germany, was a key factor, bolstered by favorable summer conditions that spurred activity. Increasing crude oil charges, influenced by OPEC’s production cuts, further increased manufacturing charges, adding to the upward pressure on prices. While operational challenges, including rising freight costs and delays, impacted the market, demand from construction kept the market bullish. The latter part of the quarter saw continued increase in costs, mirroring the resilience of the market despite supply constraints.

Q4 2023:

In Q4 2023, the European sodium gluconate market faced significant price volatility, largely driven by reduced operations in the construction sector. The downward trend in December was exacerbated by sufficient inventory levels, high input costs, and supply shortages. Inventory reduction practices by market participants further dampened price movements during this period. Germany saw notable price shifts, continuing a negative pattern observed over the year. In spite of efforts to cut production and safeguard margins, suppliers struggled against competitive import pressures. The low demand persisted despite these efforts, but the European market surpassed others globally, leading to shifted exports to the region area an international market contraction.

This analysis can be extended to include detailed sodium gluconate price information for a comprehensive list of countries.

North America Sodium Gluconate Price

Q2 2024:

A number of variables combined to cause a drop in price in the North American sodium glutaconate market in Q2 2024. Due to the region's substantial port stockpiles, weak requirement from the building sector, and an abundance of the product, prices were under pressure to decline. Inflationary pressures also reduced customer purchasing power and market dynamics. Demand, especially in the USA, slowed despite modest financial expansion in the industrial sector due to decreased activity in both the production and service industries. Bearish price patterns were exacerbated by seasonal variables, such as the onset of the monsoon season, which further reduced demand from building.

Q4 2023:

The sodium gluconate market in North America saw a significant price drop in the fourth quarter of 2023, mainly due to a decrease in demand from the building industry and an oversupply in the market. In the United States, economic recovery remained slow, and trading in the construction segment stagnated, leading to reduced demand for Sodium Gluconate. Buyers paused their purchasing amid concerns over potential price hikes from new import tariffs. Additionally, international logistics were complicated by global events, including the Russia-Ukraine conflict and disruptions at the Panama Canal. As a result, buyers are now negotiating for reduced contracted prices, while lower crude oil prices and shipping disruptions continue to affect market conditions.

Specific sodium gluconate historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Gluconate Price

The report explores the sodium gluconate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium gluconate prices for countries can also be provided.

Latin America Sodium Gluconate Price

The analysis of sodium gluconate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Sodium Gluconate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled "Sodium Gluconate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition," offers an in-depth analysis of sodium gluconate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium gluconate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Gluconate Market Analysis

The global sodium gluconate market size reached US$ 625.2 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 867.8 Million, at a projected CAGR of 3.70% during 2023-2032.

• Sodium gluconate is a highly effective chelating agent and is applied in fields such as construction, textile, pharmaceutical and the food and beverage industry. Its association with metal provides it with the cleaning effect required in products for household cleaning, water treatment, and concrete usage. 
• Sodium gluconate experiences a huge demand from the ever-expanding construction sector around the world, especially emerging countries, as it is primarily used as a concrete admixture. It is generally added to concrete to improve workability by reducing the water demand and increasing the fluidity of concrete. 
• Tougher environmental laws are leading industries to come-up with biodegradable and sustainable products. Sodium glutamate is non-toxic and biodegradable; therefore, it is highly favored in detergents and water treatment over other environmentally friendly alternatives.
• In the agricultural sector, sodium gluconate is used to improve crop yield. Its usage enables the administration of nutrition in crops via the leaves as well as via the roots, thereby eliminating loss of any nutrients.
• Sodium gluconate administered as a drug ingredient or a medical chelating agent plays an essential role in the healthcare sector.
• The food industry utilizes sodium gluconate as an additive in the food industry to preserve and stabilize. From prolonging shelf life to retaining the quality of food products, this underlines the importance of the product especially since the food safety concerns are ever escalating.
• Technological innovations in production technologies unlock the possibility of more efficient and cost-effective production of sodium gluconate, thus allowing the product to be more widely acceptable and available for all sorts of industrial applications.

Sodium Gluconate News

The report covers the latest developments, updates, and trends impacting the global sodium gluconate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium gluconate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the sodium gluconate industry:

• On 5^th May 2023, Shandong Fuyang Biotechnology Co., Ltd. launched a new product, Erythritol, which is a 500g powdered natural sweetener/sugar replacement. The product has been received with great enthusiasm from the health-conscious consumers who are looking for an alternative to sugar that is not only natural but also has lower caloric content. Erythritol, as a zero-calorie sweetener, which acts as an ideal sugar substitute for use in a broad range of products such as baked goods, beverages, and confectionery.
• On 08^th December 2021, Roquette, an excipients and ingredients company based in France, has announced plans to open an Innovation Center in Pennsylvania.

Product Description

Sodium gluconate, a sodium salt of gluconic acid, is produced by fermenting glucose. It is white or white with particulate aggregation powder soluble in water including water. Sodium gluconate provides boundless chelating abilities with which it attaches itself to calcium, iron, and other metals, which provides for its utilization in various end-use industries.

It is widely used in textile and metal surface treatment plants where it serves as an agent for the protection of fibers and metal surfaces. This salt replaces sodium gluconate in the food industry where its ability to maintain the color and flavor of the food is enhanced with the help of its sequestering and preservative properties. Also, sodium gluconate is a safe chelating agent required in the production of drugs as well as a stabilizing and conditioning agent used in personal care products. This material is naturally biodegradable and non-toxic, which ensures its efficient use in industrial applications.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium gluconate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium gluconate price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the sodium gluconate industry.