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Glucaric Acid Market Trends, Growth Analysis 2024 By Top Key Players - Kalion, Inc., Haihang Industry Co.,Ltd, Alfa Chemistry, Rivertop Renewables, Cayman Chemical, and Rennovia Inc.
Glucaric Acid Market
Global potassium sodium glucaric acid market size is anticipated to surpass USD 155 million in the estimated timeline. Rising awareness regarding the importance of product in preserving the levels of essential nutrients in human body has resulted in its higher consumption in daily meals, which has played a vital role in stimulating saccharic acid industry growth.
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Government guidelines supporting the utilization of organic components in detergents, food ingredients, corrosion inhibitors, and deicing agents is likely to promote product demand. Encouraging initiatives from EU, FDA and EPA pertaining to environment and use of safe chemicals will be a crucial influence towards the development of glucaric acid industry.
India glucaric acid market size from food application may witness gains up to 11% in the estimated timeline. The product is widely used in applications relating to food industry to enhance the levels of vitamins and minerals in body, protecting vital organs including lungs and liver thus, promoting product demand.
New product inventions and demand for natural and organic components in cleaning products is forecast to stimulate saccharic acid industry size over estimated timeframe. Escalating economic standards with rising awareness about ecosystem is likely to boost glucaric acid market growth.
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Detergent manufacturers are replacing synthetic constituents including phosphate with effective and safer product like calcium D glucarate and potassium sodium glucaric. Through the banning of phosphate substitutes, consumers are purchasing the product which is non-toxic in nature, which may favor saccharic acid market growth.
Cost concerns regarding natural components due to heavy capital investment in production process may distress glucaric acid market price trends. Increasing price of raw material can incur further compliance cost, which may hamper industry profitability.
Germany glucaric acid industry size is anticipated to surpass 11 kilo tons due to its utilization in corrosion inhibitors and food ingredients. It is an influential corrosion inhibitor and can be utilized in applications where water contacts metal surfaces. Manufacturers have found the product valuable in varied products from domestic cleaning to cooling tower treatment programs to concrete mixtures thus, enhancing market growth.
China glucaric acid market size may witness strong growth of over 9.5% in projected timeline due to increasing soap & detergent and food & beverages industries size which are major end-use sectors for market, thus stimulating regional product demand.
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Glucaric acid market is competitive and consolidated with key industry participants including Rennovia, Alfa Chemistry, Haihang Industry, and Kalion Inc. Increasing consumption of organic components has encouraged manufacturers to intensely invest in R&D for making effective products. Companies are investing heavily on product design, innovation, manufacturing phases, and commercialization.
Glucaric Acid Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:
Glucaric Acid Market, By Application
Detergent
Food
Corrosion Inhibitors
De Icing Applications
Others
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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