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, Growth - CAGR of 7.5%, 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.
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Top leading Players: 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.
Further Key Finding from the Report Suggestion:
- 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.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Glucaric Acid market is segmented into:
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
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Food ingredients
- Detergents
- Corrosion inhibitors
- De-icing applications
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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