Sodium Starch Glycolate Market 2018 – 2023 | Global Coverage - DFE Pharma, Roquette, Shree Chemicals, Prachin Chemical, NB Entrepreneurs, Spectrum Chemical Manufacturing Corp, H.P. Chemicals, Remedy labs, JRS PHARMA and Muby Chemicals

Sodium Starch Glycolate (SSG) is obtained by carboxymethylating starch from various origins namely potato, corn, rice, and wheat. It is widely used as a disintegrant in formulation of tablets and capsules owing to its ability to absorb water rapidly. Potato and corn starch are extensively used for producing Sodium Starch Glycolate. It is used as a thickener and stabilizer for wallpaper adhesives and food products namely snacks, meat products & juices respectively.

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Use of sodium carboxymethyl starch in sodium carboxymethylcellulose has augmented due to cost-effectiveness. Increasing number of non-communicable diseases such as cardiovascular, high blood pressure, and chronic respiratory diseases due to changing habits and aging population is likely to increase the product demand. Its usage is growing in pharmaceutical industry due to rising health awareness and longer life expectancies among consumers across the globe. For instance, Primojel, an SSG manufactured by DEF pharma is widely used for making tablets and capsules. Presence of huge biotechnological pharma companies in the U.S. is likely to fuel the demand for the product. Surging demand for adhesives from automotive and packaging industry is driving the market growth in the North America, Europe, and Asia Pacific region. It is also used as an additive in glues for plywood. Growing use of paper bags due to durability and eco-friendliness is fueling the demand for adhesives. It is also used in cosmetics and beauty products due to its properties such as longevity in moisturization and smoothness. Recently, Roquette Co. announced the launch of new SSG product under brand “Beauty by Roquette” to be used in the cosmetics industry. It has also introduced modified starches, which are used in adhesives. Increasing consumer spending on eatables is expected to drive the growth of the market globally. Tablets made using wheat-based Sodium Starch Glycolate may cause an adverse effect on the consumers due to the presence of gluten in the tablets.

Regional Analysis

The Global Sodium Starch Glycolate Market is divided across five regions namely North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America emerged as the leading regional market due to the presence of various drug manufacturers and biotechnological pharma companies in the U.S. Rising chronic diseases due to changing lifestyle and hectic work schedule are driving the demand for the product in the pharmaceutical industry. Additionally, according to Pharmaceutical Research and Manufacturers Association, U.S. based companies’ accounts for half the world’s research and development in pharmaceuticals, which is likely to propel the market growth. The revival of the automotive industry in this region is expected to fuel the demand for adhesives due to the prevalence of large no of the automotive manufacturers.

Europe is another substantial region in this market due to the extensive research and development activities in the region. For instance, the healthcare spending in Germany exceeded USD 400 billion of which 14% accounted for pharmaceutical products.

The Asia Pacific region is largely driven by the rapid growth of the Indian pharmaceutical industry. According to the Indian Brand Equity Foundation, Indian pharmaceutical market is expected to be valued at at USD 100 billion by 2025. Growing per capita income and rising health awareness among the consumers is projected to fuel the product demand in the healthcare industry.

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Segmentation

The Global Sodium Starch Glycolate Market is segmented into product, applications, and region.

On the Basis of the Product, the market is divided into the potato, corn, wheat, and others.

Based on the Application, the Global Sodium Starch Glycolate Market is segmented into pharmaceuticals, food ingredients, adhesives, textile, and others.

Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

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