The global glucaric acid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group 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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global glucaric acid market report, along with forecasts for growth 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:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AK Scientific Inc., Alfa Chemistry, Carbosynth Ltd, Cayman Chemical Company, CHEMOS GmbH & Co. KG, Kalion Inc., Merck KGaA and The Archer-Daniels-Midland Company.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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