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Glucaric Acid Market Size, Share, Price, Growth, Report and Forecast 2024-2032
Glucaric Acid Market
According to the report by Expert Market Research (EMR), the global glucaric acid market size is projected to grow at a CAGR of 10% between 2024 and 2032. Aided by the increasing environmental concerns and the rising demand for sustainable products, the market is expected to grow significantly by 2032.
Glucaric acid, derived from glucose, is a bio-based chemical widely recognised for its application in detergents, corrosion inhibitors, and de-icing solutions. It is also gaining attention in the healthcare industry for its potential therapeutic benefits. This organic acid is touted as a green chemical due to its eco-friendly production process and biodegradable nature, aligning with the global shift towards sustainable and environmentally friendly products.
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The primary driver of the glucaric acid market demand is the growing environmental awareness and the subsequent shift away from petrochemical-derived products. As governments and organisations worldwide implement stricter environmental regulations, the demand for bio-based and sustainable chemicals like glucaric acid is on the rise. This trend is particularly evident in industries such as detergents and cleaners, where glucaric acid is used as a biodegradable and non-toxic ingredient.
Another significant factor contributing to glucaric acid market growth is the versatility of glucaric acid in various applications. In the detergent industry, it is used as a chelating agent, replacing phosphates to reduce water pollution. The healthcare sector is also exploring the use of glucaric acid in disease prevention and treatment, particularly in the context of cancer and cardiovascular diseases.
Technological advancements in the production of glucaric acid is further influencing the glucaric acid market outlook. Innovations in biotechnology and fermentation processes have led to more efficient and cost-effective methods of producing glucaric acid, making it more accessible for various applications.
Geographically, North America holds a substantial share of the market, primarily due to the region's stringent environmental regulations and advanced biotechnology sector. The United States is a leading country in the market, driven by the growing adoption of green chemicals in various industries and ongoing research in the healthcare sector.
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Europe also accounts for a significant portion of the glucaric acid market share, with its focus on sustainability and the high demand for eco-friendly products. The European Union's policies promoting green chemistry and the circular economy are major drivers for the glucaric acid market in this region.
Glucaric Acid Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
Pure Glucaric Acid
Calcium D-glucarate
Potassium Sodium D-glucarate
D-glucaric Acid-1,4-lactone
Others
Market Breakup by Application
Food Ingredients
Detergents
Corrosion Inhibitors
De-icing Chemicals
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global glucaric acid market. Some of the major players explored in the report by Expert Market Research are as follows:
The Archer-Daniels-Midland Company
Kalion, Inc.
Chemos GmbH & CokG
Cayman Chemical
Others
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