Alginate, or alginic acid, refers to a naturally occurring polysaccharide usually extracted from brown algae. It is commercially available in filamentous and granular forms of sodium, calcium, and potassium alginate that can bind with water to form a viscous gum. As a result, alginate is widely used for casting dental molds and thickening food products, such as jellies, jams, ice-creams, marmalades, frozen desserts, chocolates, and instant noodles. It also finds extensive applications in processing textiles, paper, and pulp. In comparison to the traditionally used thickening compounds, alginate has higher biocompatibility, cost-effectiveness, and lower toxicity.
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By geography, North America is projected to hold the largest share in the market due to the substantial healthcare spending and growing demand for advanced wound care in the U.S. The region is witnessing a rise in the number of surgeries and rising consumer preference to reduce hospital stay will stimulate the requirements for wound care solutions. A significant rise in the elderly population segment and improved access to affordable healthcare will further trigger product demand.
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Some of the key players profiled in the Alginate Market include Algaia SA, Dastech International Inc, Ashland, Brenntag, Cargill, Ceamsa, Dohler Group, Dow Chemical Company, DuPont, FMC Corporation, Ingredients Solutions, Inc., Kimica Corporation, Marine Biopolymers Limited, Penford Corporation, and Shandong Jiejing Group Corporation.
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