Sodium Starch Glycolate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1316
Global Sodium Starch Glycolate Market size is likely to witness moderate growth, expanding at a CAGR of near about 3% in the forecast period of 2016-2024. Sodium Starch Glycolate (SSG) is sodium salt of starch (Carboxy methyl ether) having a very fine, free flowing powder nature which is widely used in pharmaceuticals as a disintegrant in tablets and capsules formulations. It is also used as a suspending and gelling agent. The product also acts as a dissolution enhancing agent. It is manufactured by Carboxy methylation and cross linking of potato starch and can also be produced from other starch foods such as wheat, rice and corn.
With rise in the number of chronic and acute diseases across the globe, the demand for medicines has increased exponentially. Likewise, there are ailments requiring regular medication to be cured, which are elevating the demand for producing tablets and capsules. Also, the awareness about personal hygiene and care is on rise, coupled with consciousness about beauty and related products, consequently drives the Sodium Starch Glycolate market. Moreover, Companies are concentrating more on investing heavily in the research and development related to processing and effective utilization of sodium starch glycolate. In addition, there is a significant increase in number of food joints and eateries which eventually raises the demand for food products (ice cream, bread and many other food items), hence accelerating the use of sodium starch glycolate and its supporting industries.
The growth of Sodium Starch Glycolate market may be hurdled by the different food and drug association in different countries which have different norms and standards to be followed, prior to introducing the product in the market.
There are four main types of Sodium Starch Glycolate; namely, SSG type A, SSG type B, SSG type C and SSG USP NF. SSG Type A and SSG Type B are cross-linked salts of sodium, which is partly O-carboxymethylated potato starch. Whereas, SSG type C is formed as a result of cross linking of sodium salt of partly carboxymethylated starch, by physical dehydration. All the three types of sodium starch glycolates can be distinguished from each other by checking their pH value, sodium and NaCl content. The worldwide market for industrial starches (Sodium Starch Glycolate specifically) is expanding, and the industrial trend is towards the use of commercially viable raw materials other than maize, wheat and potato which have competing food uses and availability at low costs.
In terms of application, the product is used as a component for manufacturing processes in pharmaceuticals, food, textiles, paper and adhesives. SSG is generally used as rapid/ super disintegrant, it coats the pills and releases the medicine immediately when in contact with water. It is also used as food stabilizer and as an anti-aging agent for bread and in manufacturing of ice creams. Chemical industry uses SSG for making creams, shampoo and other cosmetics. With its ability to be stored for longer period (3-4 years) and suitability for human use, sodium starch glycolate has higher usage as an ingredient for cosmetic chemicals.
Europe and North America region dominate the global market of sodium starch glycolate, followed by Asia pacific region market. Rest of the world held minimum share of the global market in last couple of years. However, market in this region is anticipated to grow in the forecasted period. This growth of the Sodium Starch Glycolate market can be attributed to its application in pharmaceutical companies. Countries like USA, Switzerland, China and India have large sized and exponentially growing pharmaceutical sector. Technological advancements for producing and using Sodium Starch Glycolate is increasing gradually as medical and pharmaceutical industry have wide applications on a large scale globally. In case of food and beverage industry, the developing countries have huge market in developed countries, thus utilization of Sodium Starch Glycolate is higher in these regions of developing countries and growth opportunities higher for Sodium Starch Glycolate market in this region.
The major players in SSG market are DFE Pharma, Muby chemicals, Shree chemicals, Prachin chemical, Q’Max solutions, Captain industries, Shangyu Huachang industrial, Qingdao Haiyang Chemical and many more in the global space. In Sodium Starch Glycolate market, local companies, utilizing local raw material are having a better reach to customers, both domestic as well as international.
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