Scleroglucan Market

Scleroglucan Market Size, Share, Growth (2023-2028):

Scleroglucan Market is expected to grow a CAGR of 9%. in a given forecast period.

Scleroglucan Market Growth:

Because of its improved thermal stability, end users are increasingly switching from xanthan gum to Scleroglucan in food manufacturing, which is propelling sales in the global market.

REPORT COVERAGE:

Scleroglucan Market Drivers:

The global Scleroglucan market is expanding because of rising demand from a variety of end-users. The oilfield industry generates the most demand among all industries. Scleroglucan is used as a substitute for xanthan gum, and it has significantly better qualities than xanthan gum.

It can also be utilized in cosmetics due to its unique characteristics, such as great abrasion resistance. Its most common application in cosmetics is as a face mask. Another factor driving the Scleroglucan market is its superiority over other polysaccharides and its emergence as a better substitute for xanthan gum. As a result of this factor, demand from diverse industries such as the oilfield, cosmetics, agrochemicals, and medicines has increased the overall demand for Scleroglucan.The world's growing vehicle fleet and quickly developing industrialization have resulted in a massive demand for crude oil and petroleum products. As a result, governments in several nations are boosting their investments in the exploration and finding of new oil and gas sources to meet rising demand. According to the United States Energy Information Administration, the US government declared the finding new oil deposits in New Mexico, North Dakota, and Texas in 2019, with barrel capacities of about 1.1 billion, 700 million, and 3.5 billion barrels, respectively. Because Scleroglucan is widely employed for better oil recovery in fracturing, mud drilling, thickening, and completion fluids, such innovations are expected to generate significant revenue in the global market and boost the market growth of Scleroglucan globally.

Scleroglucan Market Restraints:

Even though demand for Scleroglucan is growing at a rapid rate, the market's expansion is expected to be hampered by the complex manufacturing process, the high cost of these exopolysaccharides, and the requirement for specialized equipment to extract scleroglucan from bacteria and fungi. Furthermore, the global industry is being hampered by the increasing availability of low-cost alternatives such as scleraldehyde, sclerox, and other agents.

Recent Developments in the Scleroglucan Market:

According to the United States Energy Information Administration, the US government declared the finding new oil deposits in New Mexico, North Dakota, and Texas in 2019, with barrel capacities of about 1.1 billion, 700 million, and 3.5 billion barrels, respectively. Because scleroglucan is widely employed for better oil recovery in fracturing, mud drilling, thickening, and completion fluids, such innovations are expected to generate significant revenue in the global market.

Scleroglucan Market Segmentation: 

By Grade:

• Food Grand

• Industrial Grade

• Pharmaceutical Grade

• Cosmetic Grade

Based on grade, the global Scleroglucan market can be bifurcated into Food Grade, Industrial Grade, Pharmaceutical Grade and Cosmetic Grade. The pharmaceutical grade category is the leading segment. In new nutraceuticals, Scleroglucan has been proposed as a hypoglycaemic, hypocholesterolemic, and immunostimulating agent. The antibacterial, anticancer, and antiviral properties of Scleroglucan have been studied. When compared to other biopolymers, Scleroglucan possesses immune stimulatory properties, and its potential contribution to the treatment of a variety of disorders is taken into account in therapeutic regimens. Scleroglucan is in high demand in the medical sector because of its appealing qualities.

By Function:

• Thickening Agent

• Suspension Agent

• Membrane Shaping Agent

• Agglomerating Agent

Based on function, the Scleroglucan market can be divided into Thickening Agent, Suspension Agent, Membrane Shaping Agent and Agglomerating event. The use of Scleroglucan as a thickening agent is widely popular making it the dominant segment in this category. Scleroglucan has a variety of industrial applications, including thickening drilling muds, fracturing and completion fluids, and increased oil recovery, due to its outstanding rheological qualities and resilience to hydrolysis, temperature, and electrolytes.

Scleroglucan Market Regional Analysis: 

• North America

Between 2022 and 2027, the global Scleroglucan market is expected to rise at a high CAGR in North America. The personal care and cosmetics sector is booming in North America, thanks to the rising demand for hygiene products, skincare, beauty products, make-up, and other cosmetics. Furthermore, the sector's growth is being boosted by a growing focus on improving facial and bodily aesthetics. Leading personal care and cosmetics sector players are increasingly using natural stabilisers, thickening agents, emulsifiers, and gelling agents like scleroglucan. As a result, rising sales of the above-mentioned products are expected to help meet demand in the North American market.

• APAC

Antiviral, antibacterial, and anticancer properties are all found in Scleroglucan. It also has more immune-stimulating properties than other biopolymers. As a result of this, Scleroglucan is gaining traction in the pharmaceutical business and finding a wide range of uses in the treatment of a variety of disorders.

Drug consumption is quickly increasing as the prevalence of a variety of diseases, disorders, and allergies such as cancer, arthritis, malaria, diarrhoea, and others rises. This increase in demand for therapeutic medications is expected to boost sales in the South Asian market, as Scleroglucan is utilised as an agglomerating agent in drug manufacture. These factors are expected to boost the market in this region.

• Europe

Several advanced techniques and methodologies have also been discovered by several R&Ds and researchers to explore the structural backbone of different polysaccharides, including Scleroglucan, for industrial applications, due to massive competition between different polysaccharides and Scleroglucan. The Scleroglucan market is likely to benefit from increased competition and the expansion of research and development in the European region.

• The Middle East and Africa
• Latin America

Scleroglucan Market Key Players:

1. General Mills

2. Cargill, Inc.

3. Carbosynth Limited

4. ELICITYL

5. Parchem

6. CarboMer, Inc.

7. CECA (Arkema)

8. Mero Rousselot Satia Gmbh

9. Sanofi S.A.

10. Shandong Qilu Biotechnology Group Co. Ltd.