Increasing liquid detergent industry is giving main players operating a massive business opportunity is aiding in driving the demand for the market.
Glucaric Acid Market Size – USD 800.3 Million in 2019, Market Growth – CAGR of 7.5%, Market Trends – High demand as a phosphate replacement.
The Global Glucaric Acid Market is projected to reach USD 1,466.7 million in 2027. A growing demand is expected to drive the market throughout the forecast period for this product in the fields of detergents, spreader and food ingredients.
In this case, the ban on the use of phosphates in detergents has contributed to the rise of glucaric acid in particular, both in North America and in Europe. It mainly consists of glucose, which is organic and has no environmental effects.
The pure form or derivative of glucaric acid may be used. The most widely used product was pure glucaric acid. In addition to derivatives such as calcium D-glucarate and D-Glucaric acid-1,4-Lactone, greater effectiveness and easier availability of pure glucaric acid have been among the main factors that boost its demand.
The key developments in organic and inorganic growth strategies on the glucaric acid market. Numerous companies concentrate on strategic development approaches such as product releases, product approvals, etc. Inorganic growth strategies and partnerships have been shown in market acquisitions. These activities paved the way for the expansion of market players’ business and customer base. With the demand for glucaric acid on the global industry, the market players from the glucaric acid sector expect competitive growth prospects in the future.
The highest demand of glucaric acid is expected in Asia-Pacific in the coming years. In this region, the food and beverage and soap & detergent industries have re-emerged and have proven to be key drivers of this region.
Key players in the market include Rennovia, Kalion, Chemos, Rivertop, Shanghai Meicheng Chemical Co. Ltd., Haihang Industry Co Ltd, AK Scientific Inc., Alfa Chemistry, Cayman Chemical, and Merck KGaA, among others.
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Further key findings from the report suggest
- Detergent is an essential substitution for phosphate for glucaric acid. The ideal purifying agent is glucaric acid.
- Pure glucaric acid is projected to be the most important for revenues in the product segment between 2019 and 2027 due to growing applications in detergents and food ingredients.
- Based on increased usages of diseases such as cancer, D-glucaric acid-1,4-lactone that constituted the majority of the glucaric acid industry, is expected to rise by volume.
- The stringent rules against use of synthetic chemicals, such as phosphorus, which are known to degrade the environment, are expected to be the largest consumer of the product over the next few years.
- The involvement of main suppliers is expected to boost North America’s demand growth and is projected to see sales rise between 2019 and 2027.
- In January 2016, The German-based distributor of scientific reagents, Biomol GmbH, is purchased by Cayman Chemical Company, a major producer and supplier of life science specialist testing materials.
For the purpose of this report, Reports and Data has segmented into the global Glucaric Acid Market on the basis of Product, Application, and region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Pure glucaric acid
- Calcium D-glucarate
- Potassium sodium D-glucarate
- D-glucaric acid-1,4-lactone
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Food ingredients
- Corrosion inhibitors
- De-icing applications
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- Asia Pacific
- Latin America
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Table of Content:
Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Glucaric Acid Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
Chapter 5. Competitive Landscape
5.1. Market Revenue Share By Manufacturers
5.2. Manufacturing Cost Breakdown Analysis
5.3. Mergers & Acquisitions
5.4. Market positioning
5.5. Strategy Benchmarking
5.6. Vendor Landscape
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