MARKET POTENTIAL
Rising demand for seaweed by alginate manufacturers coupled with concerns regarding unsustainable production is expected to result in a decline in production, thereby elevating the supplier bargaining power over the forecast period. Grand View Research Alginate Market Analysis By Type (High G, High M), By Product (Sodium Alginate, Calcium Alginate, Potassium Alginate, Propylene Glycol Alginate), By Application, And Segment Forecasts, 2018 – 2025 Published Date: Nov, 2017
The evolution, through Progenesis’ patented biopolymer production platform, to a product line which plays an integral role in tissue regeneration will expand the current market for substrates such as alginate an order of magnitude, into a multi-billion dollar market.
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