Glucaric Acid Market Recent Industry Trends and Projected Industry Size by 2025 | Rennovia Inc,Rivertop Renewables, Inc.,Kalion Inc.,Haihang Industry Co., Ltd.,AK Scientific Inc.,Alfa Chemistry,Carbosynth Limited,Merck KGaA,Cayman Chemical

Glucaric Acid Market: Introduction

Glucaric acid is a kind of sugar acid derived by oxidizing polysaccharides/sugars with nitric acid. Since glucaric acid is produced from glucose, it is a biodegradable chemical and thus, has been identified as one of the top 12 renewable building block chemicals by the U.S. Department of energy (DOE). Alongside the fact that it is biodegradable and safely disposable in the environment, studies also show that consumption of glucaric acid reduces potential chances of cancer. Moreover, glucaric acid is also used as a health supplement for regulating metabolism in the human body. The compound has numerous potential applications, both as a building block of chemicals and direct applications in end use segments too. Currently, glucaric acid is largely used in the detergent industry where it has largely replaced phosphorous as the ‘detergent builder’ as phosphorus is considered harmful for the environment. Glucaric acid is also used as a corrosion inhibitor in cooling towers and de-icers. Some other applications of glucaric acids include usage in concrete admixtures, health supplements, cosmetic ingredients, etc. Therefore, owing to its biodegradable nature, the demand for the chemical has increased significantly over the recent years. Thus, the global glucaric acid market is anticipated to record significant growth over the forecast period.

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Glucaric Acid Market: Dynamics

Glucose is a cheap and renewable source used to produce various chemicals, including glucaric acid. Glucaric acid is produced through a single-step process, i.e. oxidation of glucose. It is because of this reason that the demand for large scale production of glucaric acid has been increasing since the past few years. Furthermore, glucaric acid is an eco-friendly biodegradable chemical. Increasing awareness about the potential threats of non-biodegradable chemicals has led to growing inclination towards biodegradable chemicals, which is yet another significant factor expected to aid the rise in the demand. That apart, glucaric acid is now being used in a variety of applications. For instance, it is used in concrete admixtures used in construction, as a corrosion inhibitor and chemical intermediate, in health supplements and many more.

Although the production of glucaric acid is a single step process, nitric acid is used in its production process, which results in the formation of waste and harmful NOx gas. This gas must be treated before being released in the environment. Therefore, large scale production of glucaric acid is inhibited up to a certain extent by NOx production, which is expected to impede the expected growth of the glucaric acid market.

Owing to its eco-friendly nature, the demand for glucaric acid is increasing in other application segments too where it can be replaced with non-biodegradable chemicals. Also, formation of certain polymers using glucaric acid, mainly used for making nylon, is a current trends being witnessed in the glucaric acid market. Furthermore, manufacturers are focusing on the development of innovative process techniques which can reduce the amount of waste generated during production.

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Glucaric Acid Market: Regional Outlook

The Asia Pacific is anticipated to register significant growth owing to the steady growth in the detergents market. Also, significant consumption of glucaric acid in healthcare industry is also one of the key factors responsible for estimated growth in the region. North America, particularly the U.S, has been the largest market for glucaric acid owing to the stringent environmental regulations and high adoptability. Consumption of glucaric acid is estimated to record steady growth in Europe owing to high applicability of glucaric acid along with stringent regulations. Latin America and Middle East & Africa are estimated to show relative lackluster growth over the forecast period.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current, and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint

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