Sodium Gluconate Pricing Report

Sodium Gluconate Prices December 2023

In China, the sodium gluconate market faced a 7% decline in prices during Q4 2023, closing at 517 USD/MT FOB Qingdao. This trend was influenced by weak economic conditions and reduced demand from key sectors including construction. Although the manufacturing PMI showed some improvement, it did not significantly boost demand for sodium gluconate. The overall availability of the product in the market further pressured prices downward, reflecting the subdued market dynamics.

Sodium Gluconate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Sodium Gluconate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, 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 faces huge demand from the ever-expanding construction sector around the world, especially that of the emerging countries. Cement is added to enhance the strength and lifespan of concrete blends, which play a critical role in construction activities.
• Tougher environmental laws are leading industries to come-up with biodegradable and sustainable products. Sodium glutamate is non-toxic and also biodegradable; therefore, it is highly favored in detergents and water treatment over other environmentally friendly alternatives.
• In the agricultural sector, sodium gluconate is being used as a soil conditioner and a nutrient absorber booster. Technologies of modern farming, such as higher crop yield and quality, privilege the adoption of precision agriculture. A study published in the international journal of information technology in 2023, reported that crop rotations incorporating legumes led to increased yields of subsequent cereal crops by up to 30%.   
• Sodium gluconate administered as a drug ingredient, or a medical chelating agent plays an essential role in the healthcare sector. The demand for biotechnology is supported by progress in healthcare infrastructure and a shift in the drug design to be more effective in its delivery.  
• The food industry implements sodium gluconate as an additive in the food industry to preserve and stabilize. From the prolonging shelf life to retaining the quality of food products, this underlines its importance especially where 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, therefore this happens to be a more widely acceptable and available product for all sort of industrial applications.
• The market growth of sodium gluconate in Asia-Pacific is due to the escalation in economic performance that causes industrial development and as a result the demand for sodium gluconate.

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 industries.

It is delivered to the 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 can serve a safe chelating agent required in 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.

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 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 price trends.

Global Sodium Gluconate Price

The report offers a holistic view of the global sodium gluconate pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Asia Pacific Sodium Gluconate Price

The fourth quarter of 2023 was challenging for the sodium gluconate market in the APAC region, marked by a bearish trend due to reduced demand from key sectors such as construction, textiles, and food and beverages. An economic slowdown in China, a major consumer of sodium gluconate, exacerbated the subdued demand. Ample product availability further pressured prices downward. Despite some improvements in manufacturing PMI, overall demand remained weak, particularly in the construction sector, impacting market prices negatively.

This analysis can be further extended to include detailed sodium gluconate prices for a comprehensive list of countries within the region.

Europe Sodium Gluconate Price

European sodium gluconate prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

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

North America Sodium Gluconate Price

The analysis of sodium gluconate prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on sodium gluconate prices 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.

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.