In H1'23, Calcium Alginate prices closely followed seaweed prices, which experienced major fluctuations in Asia due to adverse weather conditions and a red tide outbreak. This led to a rise in farmers' prices and shortage of supplies for alginate production. High demand from domestic and international markets further contributed to price increases as most supplies were diverted for food. The combination of high upstream costs and consistent downstream demands led to the incline in Calcium Alginate prices during this period.
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Definition
Calcium Alginate is a natural polymer derived from algae, specifically brown seaweed. It is a biodegradable and biocompatible substance widely used in various industries. Due to its unique properties, Calcium Alginate is commonly utilized in the medical field for wound dressings and as a material for tissue engineering and drug delivery. Additionally, it finds applications in the food industry as a gelling and stabilizing agent and in the textile industry for its ability to bind dyes to fabrics.
Key Details About the Calcium Alginate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Calcium Alginate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Calcium Alginate Price chart, including India Calcium Alginate price, USA Calcium Alginate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Calcium Alginate Price Trend:
Calcium Alginate has several key industrial uses owing to its versatile and eco-friendly properties. In the medical field, it is utilized as a component in wound dressings and as a material for tissue engineering and drug delivery systems. In the food industry, it acts as a gelling and stabilizing agent in various products. Additionally, Calcium Alginate finds application in the textile industry, where it is used to bind dyes to fabrics and improve color fastness. Its biodegradability and biocompatibility make it a valuable material in various industrial applications.
Key Players:
- DuPont de Nemours, Inc
- Marine Biopolymers Limited
- Shandong Jiejing Group Corporation
- Algaia
- KIMICA
- Ceamsa
News and Developments:
Indian companies are now exploring the potential of seaweed for sustainable solutions, following the rising interest in seaweed in the US and Europe. Despite its long cultivation history in India, the seaweed economy never fully developed. Zerocircle, among others, aims to change that by advocating for seaweed usage in India to address sustainability challenges. (Dated: 25 February 2023)
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