The global glucaric acid market size was estimated to be US$ 665 million in 2020 and is expected to reach US$ 1.7 billion by 2031 at a CAGR of 9%.
Glucaric acids is eco-accommodating biodegradable substance, with the booming dangers of non-biodegradable synthetics that has expanded the growth of biodegradable synthetic compounds and is one more huge aspect responsible for the development of the market. It is biodegradable in nature and can likewise be acquired from apples, grapes, cabbage, broccoli, tomato and bean sprouts. Utilization of glucaric acid suppresses the creation of beta-glucuronidase in the body and limits the dangers of developing malignancy.
Glucaric acid, which is created by oxidizing glucose, has been perceived by the US Department of Energy as one of the main structure blocks of synthetics that can be changed over into a few high qualities, bio-based synthetic compounds.
Makers are zeroing in on Research and development along with the advanced strategies to decrease the quantity of waste produced during creation and is postulated to set out additional open doors in glucaric acid market during the forecast period of 2022-2032. Moreover, the use of glucaric acid in the production of nylon and different polymers is going about as another development initiating factor.
In accordance with this, expanding buyer inclination for fluid cleansers for home cleaning, clothing and dishwashing is additionally adding to the development of the market. Detergent is one of the significant uses of glucaric acid as a substitution for phosphates. Glucaric acid is the best purifying specialist. It fills in as a developer that catches magnesium and calcium found in hard water and afterward keeps them from frothing cleanser rubbish.
Since phosphate is presently restricted from being used as a dishwasher cleanser and glucaric acid is in effect noticeably utilized as a substitute in the industry. D-glucaric acid-1,4-lactone, one of the broadly utilized category, is projected to develop at the second-most elevated CAGR of by value, from 2021 to 2031. This item, which is utilized in the therapy of malignant growth that is cancer, has seen developing demand from the developing Asia Pacific clinical area, particularly from nations with a high predominance of this illness, like China and India.
The Asia Pacific province saw the most demand registered for glucaric acid and its groups during past few years. This province is likewise expected to develop at the most noteworthy CAGR from 2022 to 2032. Evolving demand for this item from the cleanser and food industry, particularly in still rapidly developing nations like China and India, has stimulated the market development during the course of the last few decades. North America held the second-biggest share by income, during 2019.
Global Glucaric Acid Market Value Share Analysis, by Geography (2021)
The report titled “Global Glucaric Acid Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Glucaric Acid Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Glucaric Acid market is segmented as product, application, and region. Based on product, the Glucaric Acid market is segmented into Glucaric Acid Isolate, Pure glucaric acid, Calcium D-glucarate, Potassium sodium D-glucarate, D-glucaric acid-1,4-lactone, others. Based on application, the Glucaric Acid market is segmented into food ingredients, detergents, corrosion inhibators, de-icing applications and others.
Based on geography, the Global Glucaric Acid Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Glucaric Acid Market. Further, market share of prominent companies in the Global Glucaric Acid Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Glucaric Acid companies. The Global Glucaric Acid Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Glucaric Acid business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Glucaric Acid Market.
The key players of the Global Glucaric Acid Market are Rivertop Renewables, Inc., biofuels Digest, Kalion Inc, Haihang Industry, Biosynth Cardosynth, Merch HGaA, Alfa Chemistry, Cayman Chemicals, Jungbunzlauer Suisse AG, BASF SE, Darmstadt, Navozymes, Occidental Petroleum Corporation, PMP Inc, Basel, Merck KGaA, R-Biopharm AG, Roquette Freres, TCI Chemicals Pvt.LTd, Merck KGaA, and others.
Global Glucaric Acid Market Key Segments:
Based on product
Based on application
By Region
The global Glucaric Acid market was worth US$ 665 million in 2020.
The global Glucaric Acid market is estimated to exhibit a CAGR of 9% in terms of revenue over the forecast period.
Rivertop Renewables, Inc., biofuels Digest, Kalion Inc, Haihang Industry, Biosynth Cardosynth, Merch HGaA, Alfa Chemistry are few prominent players active in the market.
Based on applications, the Glucaric Acid market is segmented into Food ingredients, Detergents, Corrosion inhibitors and De-icing applications.
The different products in the market are pure glucaric acid, calcium D-glucarate, potassium sodium D-glucarate, and D-glucaric acid-1,4-lactone.
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