Scleroglucan Market

Scleroglucan Market

The global scleroglucan market is estimated to exhibit growth at a remarkable CAGR during the forecast period 2022-2032. Increasing shift in end user preference from adopting xanthan gum to scleroglucan across the food manufacturing, owing to its better thermal stability is accelerating the sales in the global market.

Scleroglucan is a type of exopolysaccharides, long-chain polysaccharides that comprise of repeating units of sugars, obtained by a range of microorganisms. It is finding multifarious industrial applications across the diverse industries such as foods, personal care, pharmaceutical, and others on account of its favorable attributes such as viscosifying ability, wide stability over salinity, temperature, and pH, and high water-solubility.

Driven by this, scleroglucan is increasingly being used as suspension agents, thickening agents, membrane shaping agents, and agglomerating agents in cosmetic and pharmaceutical products, food additives, biocompatible materials, and others. This is projected to facilitate the demand for scleroglucan in the global market.

What are the Factors Creating Sales Prospects in the Global Scleroglucan Market

Growing vehicular fleet and rapidly increasing industrialization across the world have resulted in creating a huge demand for crude oil and petroleum products. Hence, governments in several countries are increasingly investing in the exploration and discovery of new oil & gas reserves to address the growing demand.

For instance according to the U.S. Energy Information Administration, in 2019, the Government of the U.S. announced the discovery of new oil reserves in New Mexico, North Dakota, and Texas with barrel capacity of nearly 1.1 Bn, 700 Mn, and 3.5 Bn, respectively. As scleroglucan is extensively used as fracturing, mud drilling, thickening, and completion fluids for enhanced oil recovery, such developments are projected to create high revenue generation opportunities in the global market.

What are the Challenges Hampering the Growth in the Scleroglucan Market

Though the demand for scleroglucan is increasing at a rapid pace, complex production process, high cost of these exopolysaccharides, and need for advanced equipments for extraction of scleroglucan from microbes and fungi are anticipated to hamper the growth in the market.

In addition to this, growing availability of low-cost alternatives such as scleraldehyde, sclerox, and other agents is further hindering the sales in the global market.

Why are Sales of Scleroglucan Rising at a Swift Pace in the South Asia Market

South Asia is expected to emerge as a highly remunerative market for scleroglucan during the forecast period 2022-2032, as per the Future Market Insights.

Scleroglucan possesses antiviral, antimicrobial, and antitumor properties. It also demonstrates better immune-stimulatory effects than other biopolymers. Attributed to this, scleroglucan is increasingly gaining traction across the pharmaceutical industry and finding a large number of applications in the treatment of multiple diseases.

With rising prevalence of numerous diseases, conditions, and allergies such as cancer, arthritis, malaria, diarrhea, and others, consumption of drugs is rapidly increasing. As scleroglucan is used as an agglomerating agent in drug production, this rise in demand for therapeutic drugs is projected to bolster the sales in the South Asia market.

What is the Growth Prospect for Scleroglucan in the North America Market

North America is estimated to register growth at a rapid CAGR in the global scleroglucan market between 2022 and 2032, states FMI.

The personal care & cosmetics industry is witnessing robust growth across North America, driven by the increasing demand for hygiene products, skin regime products, beauty products, make-ups, and others. Moreover, the growth in the sector is further elevated by rising emphasis on enhancing facial and body aesthetics.

With increasing customer inclination towards natural and organic products, leading personal care & cosmetics industry players are increasingly as natural stabilizers, thickening agents, emulsifiers, and gelling agents such as scleroglucan. Hence, increasing the sales of aforementioned products is projected to facilitate the demand in the North America market.

Market Competition

Some of the leading players in the scleroglucan market are General Mills, Cargill, Inc., Carbosynth Limited, ELICITYL, Parchem, CarboMer, Inc., CECA (Arkema), Mero Rousselot Satia Gmbh, Sanofi S.A., Shandong Qilu Biotechnology Group Co. Ltd., Food Ingredients, and others.

Key participants in the market are focusing at adopting collaboration, partnership, mergers & acquisitions strategies to gain edge in the highly competitive market

Scope of Report

Report Attribute	Details
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Grade Function End Use Region
Countries Covered	North America Latin America Europe East Asia South Asia Oceania Middle East and Africa
Key Companies Profiled	General Mills Cargill, Inc. Carbosynth Limited ELICITYL Parchem CarboMer, Inc. CECA (Arkema) Mero Rousselot Satia Gmbh Sanofi S.A. Shandong Qilu Biotechnology Group Co. Ltd. Food Ingredients Others
Customization	Available Upon Request

Key Segments Profiled in the Scleroglucan Market Survey

By Grade:

• Food Grand
• Industrial Grade
• Pharmaceutical Grade
• Cosmetic Grade

By Function:

• Thickening Agent
• Suspension Agent
• Membrane Shaping Agent
• Agglomerating Agent

By End Use:

• Food and Beverage
• Home Care
• Cosmetics & Personal Care
• Oil Industry
• Mud Drilling
• Spacer Fluids
• Asphalt Emulsions
• Adhesives
• Water Colors
• Printing Inks
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa