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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Glucaric Acid Market