June 02, 2020
According to the research report titled ‘Global Oxidized Starch Market Size study, by Type (Food Grade, Pharmaceutical Grade, Industrial Grade), Application (Stabilizer Smoothing Agent, Coating Binder, Pigment Binder, Others), End User (Pharmaceutical Industry, Food Industry, Paper Industry, Textile Industry, Construction Industry) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global oxidized starch market is expected to register significant growth during the period of 2020-2026.
Notably, oxidized starch comprises of short chain lengths and are used as a coating agent in construction, paper, textile, food, and pharmaceutical industries. Speaking of the food industry, the product is employed as structure creators in confectionary food products as well as stabilizers in milk puddings and ice cream. Whereas in the construction sector, oxidized starch is used for producing acoustic tiles and isolation cardboards.
Increasing construction of commercial and residential sector is a major factor driving the growth of oxidized starch market. As per the International Construction Market Survey, global construction industry grew by 3.9% in 2018, which was expected to grow by 3.5%. Similarly, according to the FIEC (European Construction Industry Federation), the construction activities grew by 2.2% in the region, reaching 1,278 billion Euros in 2017. However, industry analysts claim that easy availability of the alternatives of oxidized starch may hinder the overall market growth in the coming years, cites the research report.
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By type, the oxidized starch market is split into industrial grade, pharmaceutical grade, and food grade. Based on the application landscape, the industry is classified into pigment binders, coating binder, stabilizer smooth agent, and others. Citing the end-use landscape, the market is bifurcated into construction industry, textile industry, paper industry, food industry, and pharmaceutical industry.
As per the regional scope, the North America oxidized starch industry is expected to grow significantly during the study period, primarily due to flourishing food & beverage industry and growing pharmaceutical sector in Canada and the U.S. Alternatively, the Asia-Pacific market is anticipated to showcase remunerative growth in the forthcoming years. Rising construction activities and increasing textile production are propelling the market outlook in the region.
The industry behemoths of global oxidized starch industry are Ulrick & Short Ltd., Tate & Lyle, Penford Corp., Ingredion Inc., Cargill, China Essence Group, Avebe U.A., Banpong Tapioca Flour Industrial Co. Ltd., and Universal Starch Chem Allied among others.