Glucaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Glucaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 142 pages •
  • Report ID: 6185737 •
  • Format: PDF
The global glucaric acid market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Glucaric acid, or polyhydroxy dicarboxylic acid, is a naturally occurring aldaric acid obtained by oxidizing polysaccharides, or glucose, with nitric acid. It is commonly used for the manufacturing of bio-based chemicals and other derivatives. It is biodegradable in nature and can also be extracted from various fruits and vegetables, including apples, grapes, cabbage, broccoli, tomato and bean sprouts. Consumption of glucaric acid inhibits the production of beta-glucuronidase in the body and minimizes the risks of developing cancer. It is also used as a chelating agent in commercial detergents. As a result, it is widely used in the manufacturing of dietary supplements, food and beverages, pharmaceuticals, corrosion-inhibitors, de-icing agents and liquid detergents.

Glucaric Acid Market Trends:
The global glucaric acid market is primarily driven by the increasing environment consciousness among the masses and the rising preference for sustainable products. Moreover, the widespread adoption of glucaric acid as a substitute for phosphates in detergents is providing a thrust to the market growth. It is a highly effective cleansing agent as it captures the impurities in hard water and prevents them from foaming soap scum. In line with this, increasing consumer preference for liquid detergents for household cleaning, laundry and dishwashing is also contributing to the growth of the market. Additionally, the utilization of glucaric acid in the manufacturing of nylon and other polymers is acting as another growth-inducing factor. Product manufacturers are utilizing innovative technologies to generate the acid from biomass and generate minimal waste during production and processing. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies for environmental protection, are anticipated to drive the market toward growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global glucaric acid market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.

Breakup by Product:
Pure Glucaric Acid
Calcium D-glucarate
Potassium Sodium D-glucarate
D-glucaric Acid-1,4-lactone
Others

Breakup by Application:
Food Ingredients
Detergents
Corrosion Inhibitors
De-icing Applications
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AK Scientific Inc., Alfa Chemistry, Carbosynth Ltd, Cayman Chemical Company, CHEMOS GmbH & Co. KG, Kalion Inc., Merck KGaA and The Archer-Daniels-Midland Company. Key Questions Answered in This Report:
How has the global glucaric acid market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global glucaric acid market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global glucaric acid market and who are the key players?
What is the degree of competition in the industry?