Press release
Industrial Starch Market To Witness Significant Incremental Opportunity During 2017-2025
Industrial Starch Market: IntroductionStarch is an integral part of adhesive formulations and is used in wide range of industrial applications. The industrial starch is derived from various natural sources such as wheat, rice, tapioca, potato, and maize. Among the wheat, maize and potato are the most commonly used industrial starches. Food industry accounts for the significant share in terms of consumption in the global industrial starch market.
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Industrial Starch Market: Dynamics
The rapid growth of food and food processing industry is the major driver for the growth of the global industrial starch market. They are used in the manufacturing process of the wide range of products in the food industry.
The increasing consumption of industrial starch as adhesives in consumer products and packaging industry is anticipated to boost the growth of the global industrial starch market. The emerging trend of biofuels and biomaterials and the consumption of starch in this industry is expected to drive the growth of the industrial starch market.
However, the use of resin glue as an alternative for starch in paper and textile industry is expected to hamper the growth of the global industrial starch market.
Industrial Starch Market: Segmentation
On the basis of product type
Cationic Starch
Ethylated Starch
Oxidized Starch
Acid Modified Starch
Unmodified Starch
On the basis of source
Wheat
Rice
Tapioca
Potato
Maize
On the basis of application
Corrugating
Building Materials
Papermaking
Paper Coating
Mining/ Drilling
Multiwall Bag
Liquid Detergents
Biofuel and Biomaterial
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Industrial Starch Market: Regional Outlook
The global industrial starch market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ holds major share in the industrial starch market in terms of consumption. This is attributed to the growth of end-use industries such as textile, paper and food industry in the emerging clusters of the region.
North America also accounted for the significant share in the industrial starch market, owing to the rapid growth of industrial packaging in the region. Latin America is expected to project high CAGR over the forecast period, due to the increasing demand for processed food. Brazil is the leading producer of corn and hence accounts for significant in starch production. The growing end-use industries and industrial packaging industry in Western Europe is anticipated to increase the share of the industrial starch market in the region.
Industrial Starch Market: Key Players
Some of the key players in the global industrial starch market are as follows:
Archer Daniels Midland Company
Tate & Lyle
Grain Processing Corporation
Cargill, Incorporated
Manildra Group
Universal Starch Chem Allied Ltd.
EVEREST STARCH (IND) PVT.LTD.
GreenTech Industries Ltd.
Karandikars Cashell Private Limited
Bangkok Starch Industrial Co., Ltd.
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