Global Glucaric Acid Market, By Product (Pure Glucaric Acid, Calcium D-Glucarate, Potassium Sodium D-glucarate, D-glucaric acid, 1-4-lactone and Others), Application (Food Ingredients, Detergents, Corrosion Inhibators, De-icing applications and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Glucaric Acid Market
Glucaric acid market will reach an estimated volume of USD 1597.69 million by 2027, while registering this growth at a rate of 10.20% for the forecast period of 2020 to 2027. With the increasing demand of soaps, detergents, food ingredients, de-icing applications is a major factor for growth in the market.
The glucaric acid also known as saccharic acid, it is a chemical compound with the formula of C6H1008. Glucaric acid is formed by the resultant chemical reaction between oxidize sugar and nitric acid, they are also categorized into renewable and green acids and are used in various applications in industries such as chemicals, food and agriculture.
Major factors promoting the growth for glucaric acid is the ban on the use of phosphates in detergents due to their toxic nature, which has increased the use of glucaric acid. Pure glucaric acid demand is expected to flourish in the market due to the stringent regulations with the strict use of harmful chemicals in order to curtail environmental damage. With the increase in the liquid detergent industry as it is the largest consumer of this product in 2016 will still play an important role in the growth of glucaric acid market. Glucaric acids is eco-friendly biodegradable chemical, with the increasing threats of non-biodegradable chemicals that has increased the growth of biodegradable chemicals and is another significant factor for the growth of the market. Manufactures are focusing on R&D and innovative process techniques to reduce the amount of waste generated during production will create further opportunities in glucaric acid market in the forecast period of 2020-2027.
Expensive manufacturing process, competitive market and with high cost of labour will act as a restrain, and further challenge the growth of the glucaric acids market in the forecast period mentioned above.
This glucaric acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research specialty glucaric acid market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Glucaric Acid Market Scope and Market Size
Glucaric acid market is segmented on the basis of application and product. The growth amongst the different segments helps in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in the target markets.
- On the basis of product, the glucaric acid market is segmented into pure glucaric acid, calcium D-glucarate, potassium sodium D-glucarate, D-glucaric acid, 1-4-lactone and others.
- Based on application, the glucaric acid market is segmented into food ingredients, detergents, corrosion inhibators, de-icing applications and others.
Global Glucaric Acid Market Country Level Analysis
Glucaric acid market is analysed and market size, volume information is provided by country, application and product as referenced above.
The countries covered in the glucaric acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is dominating the glucaric acid market due to the growing demand for this product from the detergent and food industry especially in the emerging countries such as China and India.
The country section of the glucaric acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glucaric Acid Market Share Analysis
Glucaric acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to glucaric acid market.
The major players covered in the glucaric acid market report are biofuels Digest, Rivertop Renewables, Inc., Kalion Inc, Haihang Industry, Alfa Chemistry, Biosynth Cardosynth, Merch HGaA, Cayman Chemicals, BASF SE, Jungbunzlauer Suisse AG, Basel, Merck KGaA, Darmstadt, Navozymes, Occidental Petroleum Corporation, PMP Inc, R-Biopharm AG, Roquette Freres, Merck KGaA, TCI Chemicals Pvt.LTd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.