+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Glucaric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Pre Book Price: $ 5216

Original Price: $ 5795

Glucaric acid, also known as saccharic acid, is a chemical compound with the formula C6H10O8. It is formed by the resultant chemical reaction between nitric acid and oxidize sugar. Glucaric acid is categorized into renewable or green acids and is used in various applications in industries such as agriculture, pharmaceuticals, chemicals, and food. It is also used in water treatment process and manufacture of detergents. Chemicals employed in the building & construction industry such as phosphates are likely to be substituted by glucaric acid owing to its naturally occurring and renewable nature. Issues regarding the usage of phosphates owing to their toxic nature is the primary driver of the glucaric acid market. Glucaric acid was one of the widely used chemicals in the U.S. in 2016. It is anticipated to offer ample growth opportunities during the forecast period. Implementation of stringent government regulations regarding the usage of harmful chemicals to curtail environmental damage is the factor driving the glucaric acid market in the U.S. The country is one of the major producers of glucose, which is primarily the reason for the presence of key glucaric acid manufacturing companies. According to a survey by the U.S. Department of Energy, glucaric acid has been identified as the top chemical made from renewable sources. Based on product type, the market for glucaric acid can be segmented into pure glucaric acid, potassium sodium D-glucarate, calcium D-glucarate, D-glucaric acid-1,4-lactone, and others. Based on application, the market for glucaric acid can be segregated into food ingredients, corrosion inhibitors, detergents, de-icing, and others.

The market for glucaric acid is anticipated to witness significant growth during the forecast period owing to its wide range of application in numerous end-user industries. Rise in usage of glucaric acid in the manufacture of polymer is anticipated to propel the demand for the acid in the next few years. In terms of product, the pure glucaric acid segment held the major share of the market in 2016. It is anticipated to maintain its position during the forecast period. Low cost and easy availability are estimated to boost the pure glucaric acid segment in the near future. Pure glucaric acid is followed by calcium D-glucarate. The segment is projected to witness high growth, led by the rise in applications in the food industry. D-glucaric acid-1,4-lactone accounted for nominal share of the market in 2016 owing to its usage in curing cancer. This product has gained momentum in countries in Asia Pacific such as India and China, due to the high prevalence of cancer in the region.

In terms of application, the detergents held accounted for key share of the glucaric acid market in 2016. The segment is likely to maintain its position during the forecast period. Implementation of stringent government regulations regarding the usage of toxic phosphates in liquid detergents and rising demand for biodegradable cleaners are the factors augmenting the demand for glucaric acid based detergents. The detergents segment was followed by the food ingredients segment in 2016. Increasing awareness about glucaric acid owing to its ability to maintain levels of essential nutrients in food and rising consumption in everyday meals are driving the demand for glucaric acid.

Based on geography, Asia Pacific accounted for significant share of the glucaric acid market in 2016 due to the easy availability of raw materials and cheap labor in comparison to North America and Europe. Thus, major players including Rennovia and Rivertop have established manufacturing facilities in emerging economies of Asia Pacific such as India, China, and Taiwan. North America accounted for significant share of the market in 2016, as the U.S. was the pioneer in introduction of the acid. Glucaric acid is a renewable product. Hence, its usage is supported by governing bodies such Environmental Protection Agency (EPA). This is further augmenting the demand for glucaric acid.

Key players operating in the glucaric acid market include Rennovia Inc., Rivertop Renewables, Shanghai Meicheng Chemical Co. Ltd., Kalion Inc., and Chemos.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


To receive discount, please click on the button below.

Please click on the button below to customize this report.

 
 
Back To Top