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$440 million opportunity to witness in global Glucaric Acid Market by 2024 | Top Key Players Rivertop Renewables, Cayman Chemical, Alfa Chemistry, and Rennovia Inc., Kalion, Inc., Haihang Industry Co. Ltd
Glucaric Acid Industry
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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Glucaric acid market demand in food application is anticipated to surpass USD 110 million up to 2024 owing to its optimistic influences on liver along with its potential to evade diseases like colon, ovarian and hormone-dependent tumors. Its influence in detoxification of unnecessary estrogenic activity in human body and its application as an alternate to tamoxifen is likely to foster industry growth.
China glucaric acid market from detergent application may observe significant gains up to 9% by 2024. Companies are substituting synthetic elements including phosphate with safer and effective products including potassium sodium glucaric, calcium D glucarate, and 4-lactone. Prohibition of phosphate compounds, consumers are purchasing detergents which are non-toxic in nature, which may favor regional saccharic acid growth.
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Key Industry Participants are:
• Kalion Inc.
• Haihang Industry
• Alfa Chemistry
• Rivertop
• Cayman Chemical
• Rennovia
UK potassium sodium D Glucarate industry is anticipated to surpass 1 kilo tons at the end of 2024 due to its utilization in deicing applications. The product is used for development of high-performance anti-ice inventions, ensuing decreased environmental impact, and lower corrosion impacts & costs. It has also been recognized for assistance in reducing degeneration of cement concrete in the presence of anti-ice solutions and thaw cycles escalating glucaric acid market growth.
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Glucaric acid market is consolidated and competitive with major industry players including Alfa Chemistry, Rennovia, Cayman Chemicals, Haihang Industry, Kalion Inc., and Haihang Industry. Growing demand of organic components has stimulated producers to strongly invest in R&D for manufacturing efficient products. Manufacturers are capitalizing on product innovation & design and production capacities.
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