The Global Sodium Citrate Market is forecast to reach USD 1.05 Billion by 2027, according to a new report by Reports and Data. Sodium Citrate or trisodium citrate is an odorless hygroscopic crystalline common potassium salt of citric acid with alkalinizing property, which is manufactured by complete neutralization of citric acid with a high purity sodium carbonate or sodium bicarbonate and subsequent crystallization. The global market is growing at a substantial pace due to the growing demand for sodium citrates in food processing applications and kidney ailments. An escalation in the number of uric acid & calcium kidney stone diseases and disorders in urination has actively uplifted the demand for Sodium Citrate.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at a significant pace due to the extensive use of sodium citrate in various industry verticals. China and India are some of the fastest-growing markets in the world, while Germany and the United States hold some of the most prominent players in the market.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- BASF SE
- The Archer Daniels Midland Company
- Pan Chem Corporation
- Gadot Biochemical Industries Ltd.
- Cargill
- Incorporated
- ATP Group
- Tate & Lyle PLC
- A. Citrique Belge N.V.
- Jungbunzlauer Suisse AG
- Huangshi Xinghua Biochemical Co Ltd
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Sodium Citrate market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Sodium Citrate market?
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Sodium Citrate Market Segmentation:
Distribution Outlook:
- Online Retailing
- Offline Retailing
Application Outlook:
- Acidulant
- Diuretic
- Buffering & Sequestering Agent
- Other Applications
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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