Industrial Starch Market: Industrial Starch is generally used for adhesive formuPosted by Prashanth on December 5th, 2019 Market Overview: Industrial Starch Market was worth USD 82.56 billion in 2019 and estimated to be growing at a CAGR of 6.71%, to reach USD 114.23 billion by 2024. The Industrial Starch market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rise in the efficiency of alternate starch sources like cassava and others. Various companies have been showing interest in the market lately. Industrial Starch is generally used for adhesive formulations in a wide range of industrial applications. It can be derived from various sources like potato, cassava, wheat, etc. Starch is not only used in the food industry, but it is used for non-food industries like textile, mining, paper, building materials, as a result of its adhesive nature. Market Drivers and Restraints: The rapid growth of the food industry, in turn, has significantly boosted the growth of the industrial starch market. Other important factors for the industrial starch market are the increased demand for convenience foods, the variety of functions related to starch, and the increased demand for adhesives in various industries. Even the market faces only some limitations and challenges. Some of them involve substantial investments in R & D, alternatives such as the use of resin adhesives as adhesives and the growth in the Arab market of chewing gum. These factors have proven to be an obstacle in the market. Report segmented as By Source:
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Geographical Analysis: Based on geography, the global market is analyzed under various regions, namely North America, Europe, Asia-Pacific, and Rest of the World. The Industrial Starch market was dominated by Asia-Pacific, with the overall market share of over 34% globally. Europe and North America followed Asia-Pacific. The Asia Pacific is predicted to grow at a rapid pace while Europe market is expected to be stagnant in the coming few years. Important Market Players: Some of the major companies dominating the market, by their products and services include Cargill, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Grain Processing Company, Roquette Frères, The Tereos Group, Royal Cosun, Altia Industrial Services. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |