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North America Sodium Alginate For Pharmaceutical Market

North America Sodium Alginate for Pharmaceutical Market By Application (Access control, Advertising, Attendance tracking & monitoring, E-learning, Emotion recognition, Law enforcement, Payment, Robotics) By Country, Industry Analysis and Forecast, 2021 - 2028

  • No of Pages: 220
  • Published On: Apr 2022
  • Format: PDF
  • Report ID : 95754

Report Summary

Market Synopsis

The North America Sodium Alginate for Pharmaceutical Market has registered US$ 90.5 million in 2020, and projected to reach at US$ 121.9 million by 2028, growing at a CAGR of 3.8% during 2021-2028. Sodium Alginate applications include Active pharmaceutical ingredient which is most primary used in Antacids and to treat peptic ulcers. The sodium alginate companies provide specific grade as well general sodium alginate products directly to pharma companies. Grades of sodium alginate include anti-reflux, controlled release, solid dispersion, nano dispersion stabilizer, tissue engineering, and gelation type.

Increasing sea weed imports, and increasing number of people suffering from acidity related problems and foot ulcers drive the growth of the North America Sodium Alginate for Pharmaceutical Market.

According to American College of Gastroenterology, 60 million Americans at least once a month and 15 million people daily suffer from acidity related problems. Moreover, In US 6.5 million patients are severely affected by chronic wound infections along with more than 18% of the diabetic patients over the age of 65 years are suffering from foot ulcers, which are not easily healed or repaired. The wound dressings by sodium alginate-based materials have more advantages in comparison to conventional gauze dressing as they provide moist environment in the wound areas and accelerates wound healing.

Seaweeds is the prime raw material for the manufacturing of sodium alginate. These seaweeds are either harvested from wild or from farms. North America is the 3rd largest importer of dried seaweeds and hydrocolloid products after China and European Union. Seaweed consumption in U.S is about 60% import dependent. Over the years, China and Philippines have been the major suppliers for semi processed seaweeds and processed sea weeds.  The Covid-19 did not impact much in Sodium Alginate for Pharmaceutical market in North America region in terms of supplies but it impacted in terms of pricing. Asia Pacific countries such as China, Philippines and Indonesia are the major exporters of sodium Alginate to the North America regions which is used as API as well as excipients in the pharma industry.

According to American College of Gastroenterology, 60 million Americans at least once a month and 15 million people daily suffer from acidity related problems. Moreover, In US 6.5 million patients are severely affected by chronic wound infections along with more than 18% of the diabetic patients over the age of 65 years are suffering from foot ulcers, which are not easily healed or repaired. The wound dressings by sodium alginate-based materials have more advantages in comparison to conventional gauze dressing as they provide moist environment in the wound areas and accelerates wound healing.

Application Insights

                   

By application, the North America Sodium Alginate for Pharmaceutical market has been categorized into API, and Excipients. The API segment is expected to be the dominant segment throughout the forecast period.

Regional Insights

The U.S.  is the largest market for the sodium alginate for pharmaceutical in the North American region. The U.S accounts for around 80% of the market share of sodium alginate in pharmaceutical market in 2017 and is expected to continue its dominance throughout the forecast period.

                        north-america-sodium-alginate-for-pharmaceutical-market-market

Competitive Landscape

Some of the prominent companies involved in North America Sodium Alginate for Pharmaceutical Market includes DuPont, KIMICA corporation, Algaia and Qingdao Bright moon seaweed group co .

Report Scope and Segmentation

Attribute

Details

Study Period

2017-2028

Base Year

2020

Forecast Period

2021-2028

Unit

US$ Mn

By Application

  • Access control
  • Advertising
  • Attendance tracking & monitoring
  • E-learning
  • Emotion recognition
  • Law enforcement
  • Payment
  • Robotics

By Country

  • US
  • Canada

 


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Frequently Asked Questions on this Report

The North America Sodium Alginate For Pharmaceutical Market is segmented based on Type, Application, and by region.

DuPont, KIMICA Corporation, Algaia And Qingdao Bright Moon Seaweed Group Co . and Other are the leading players of global North America Sodium Alginate For Pharmaceutical market.

The forecast period would be from 2022 to 2030 in the market report with year 2021 as a base year.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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