Press release
Growth of Gluconic Acid Market Forecast to 2024 in a Newly Released Report Profiling Roquette, Saraya, Ecover Jungbunzlauer, PMP, TCI Chemicals, Merck Millipore, R-biopharm, Evonik, xzhch
Historical data from 2013 is provided for Gluconic Acid market along with estimates and forecasts to 2024 based on segmentation of Gluconic Acid industry By Application, By Downstream Potential, companies and regions. Previous years’ data offers fact-based information on trends and growth graph while the forecasts aim to show an outlook of Gluconic Acid market for the next few years keeping in mind the advancements happening in the sector.
Coming back to the premium report on structural steel market for 2018-2024, companies profiled in this research include Roquette, Saraya, Ecover Jungbunzlauer, PMP, TCI Chemicals, Merck Millipore, R-biopharm, Evonik, xzhch, Toronto Research Chemicals, Prathista and Fuso chemical. Companies focus in expanding their marketing network by developing strategies through partnership, mergers & acquisition
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Gluconic Acid market will be mainly driven by its Strong demand outlook for gluconic acid in household detergents, industrial cleaners, personal care products and agricultural chemical industries should propel product demand. Higher shelf life and sustainability compared to synthetic products along with stringent government regulations pertaining to substituting petroleum-based products will further bolster industry growth.
Key raw ingredients for manufacturing gluconic acid includes sugar which is utilized as a sweetening agent in food & beverages, and is acquired from several plants, including sugar cane and sugar beet. The product is manufactured using glucose, which can be naturally present is food including honey or can be produced from sugar. High cost competitiveness & complex manufacturing process for these feedstocks over conventional acids is a major industry restraint, thus affecting gluconic acid market price trends. This creates an opportunity for marketers to utilize industrial and agricultural waste in production process to increase industrial profitability.
High consumer awareness and inclination towards bio-based products due to their low toxicity, environment friendly nature & biodegradability should drive global gluconic acid market. These bio-based organic acids are synthesized from microorganism or can be produced extracellularly. They are noncorrosive, non-toxic, non-volatile in nature, capable of reducing contamination and increasing quality of the product.
Gluconic acid industry from sodium gluconate should witness significant gains at over 5% by 2024 due to its green chemistry and lower carbon footprint. These organic acids offer stability in a wide range of pHs, and temperature. It is chelating agent for plating, alumina dyeing and cement industries hence propelling product demand.
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Gluconic acid market from personal care industry should generate revenues at over USD 6.5 million by 2024. Positive indicators in personal care industry growth owing to increasing demand in organic personal care products supported by rising economic standards should propel industry growth. These products are widely applicable in manufacturing cosmetic products, cleansers, foaming agents, wetting agents, bath products, baby products, lipstick, antimicrobial agents and dentine cleaners.
Japan gluconic acid market will witness gains at over 5% during projected period which can be attributed to extensive regional presence of textile, agricultural chemical and personal care industries. Rising per capita income along with government support for bio-based manufacturing industry should further strengthen regional industry growth.
Germany gluconic acid industry would generate revenues over USD 6 million by 2024. This growth in can be ascribed to presence of strict ecological protection policies accompanied by growing consumer health awareness which should stimulate regional industry growth.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Gluconic Acid Industry Insights
Chapter 4. Gluconic Acid Market By Application
Chapter 5. Gluconic Acid Market, By Downstream Potential
Chapter 6. Gluconic Acid Market, By Region
Chapter 7. Company Profiles.
Complete report at: https://www.marketstudyreport.com/reports/gluconic-acid-market
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