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Gluconic Acid (Cas 526-95-4) Market: Competitive Dynamics & Global Outlook 2023
Press release from: Market Research Report Store
New report published by Market Research Report Store (MRRS) which offers insights on the global Gluconic Acid (Cas 526-95-4) market.
Gluconic acid is derived from glucose through a simple dehydrogenation reaction. It is a multifunctional organic acid used as bulk chemical in the food, feed, pharmaceutical, textile, metallurgy, detergent and construction industries.
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Global Gluconic Acid (Cas 526-95-4) Market: Forecast by Type / Application / Region
Gluconic acid derivatives are downstream products of gluconic acid. Also gluconic acid derivatives suppliers are same with that of gluconic acid. For clarity, we added information of gluconic acid derivatives in chapter 12, which including basic infoemation, application, major suppliers and regional data of different type derivatives.
In consumption market, the growth rate of global consumption is smooth relatively. North America and China are still the mainly consumption regions due to the advanced production technology and wide range of downstream areas.
Gluconic acid can be classified as two major types: gluconic acid (50% solution) and gluconic acid (solid). It can be widely used in many industries. The construction industry is the major consumption market. With the development of economy, these industries will need more gluconic acid. So, gluconic acid has a huge market potential in the future.
The major raw material for gluconic acid is glucose, etc. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of gluconic acid industry.
We tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Gluconic Acid (Cas 526-95-4) will register a 3.1% CAGR in terms of revenue, reach US$ 150 million by 2023, from US$ 130 million in 2017.
Global Gluconic Acid (Cas 526-95-4) Market: Key Players
PMP Fermentation Products
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United States Gluconic Acid (Cas 526-95-4) Market Research Report 2018
Europe Gluconic Acid (Cas 526-95-4) Market Research Report 2018
North America Gluconic Acid (Cas 526-95-4) Market Research Report 2018
Asia-Pacific Gluconic Acid (Cas 526-95-4) Market Research Report 2018
China Gluconic Acid (Cas 526-95-4) Market Research Report 2018
EMEA Gluconic Acid (Cas 526-95-4) Market Research Report 2018
Global Gluconic Acid (Cas 526-95-4) Market Research Report 2018
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