Global Oxidized Starch Market: Overview
Oxidized starch is a very versatile product. It is used in the cooking process as well as it improves the printability of materials especially paper. They are ideal for coating or can be used as a coating base. In comparison to other starch chains, it has a shorter chain length. Oxidized starch is mainly used in the food, pharmaceuticals, paper, textile, and construction industry. They are used in confectionaries and in ice-creams and milk puddings. It is used in the production of acoustic tiles, wafer cups, and isolation cardboard in the construction industry. In the textile industry, they are used for yarn smoothing and production of batter coating. The varied applications of oxidized starch have created a great demand for them in the market.
Global Oxidized Starch Market: Segmentation
The global oxidized starch market is segmented into its application, end-use industry, and geography. On the basis of application, the market is divided into stabilizer smoothing agent, coating binder, pigment binder, and others. Based on end-use industry, the market is segregated into the pharmaceutical industry, the food industry, paper industry, textile industry, and construction industry. On the basis of region, the market is segregated into Europe, Latin America, North America, Asia-Pacific, and the Middle East and Africa.
Global Oxidized Starch Market: Growth Factors
The oxidized starch market is driven by the increasing demand from the pharmaceutical, food, construction, textile, and paper industry across the globe. The market growth will be further fuelled due to the useful properties of oxidized starch such as improving the whiteness and reducing the microbiological content of foods products. Macroeconomic factors such as growing domestic income, increasing population, and changing consumer lifestyle will positively influence the market demand for oxidized starch. One of the major trend factors in the market is merger and acquisition with end-use industry which will help the market revenue to grow even further.
Global Oxidized Starch Market: Regional Analysis
North America dominates the oxidized starch market. Growth can be attributed to the growing textile industry in this region. Countries such as Canada and the U.S. are the chief growth centers in North America. North America is followed by Europe in its growth. Growing confectionaries in Europe are the major reason for the growth of the oxidized starch market. Asia Pacific will be showing a significant growth rate in the coming periods. The rapidly developing food industry as well as the rising demand for oxidized starch in Japan and China will boost the market growth in this region. The moderate growth rate is expected from the Latin America and the Middle East and Africa owing to the slow economic and industrial developments in these regions.
Global Oxidized Starch Market: Competitive Players
Some of the major companies in the oxidized starch market include Ingredion Inc., Cargill Inc., KMC, Archer Daniels Midland Co., Penford Corp., Global Bio-Chem Technology Group Co. Ltd., China Essence Group Ltd., Banpong Tapioca Flour Industrial Co Ltd., Avebe U.A., Tate and Lyle Plc., Universal Starch Chem Allied, and Ulrick and Short Ltd.
Global Oxidized Starch Market: Regional Segment Analysis
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