Press release
Glucaric Acid Market Report Size, Share, Growth, Trends and Analysis 2024-2032 | Rennovia Inc., Sinochem Group, Rivertop Renewables
Global Glucaric Acid Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Glucaric Acid Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.The global glucaric acid market size was worth around USD 1,120.37 million in 2023 and is predicted to grow to around USD 1,933.39 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.26% between 2025 and 2032.
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Global Glucaric Acid Market Growth Drivers:
The global glucaric acid market is expected to witness a high growth rate due to the growing use of the acid in the textile industry. Saccharic acid is used for several procedures involved in the textile sector. The common procedures that use glucaric acid on a wide scale are cleaning & descaling, textile finishing, dyeing & printing, and treating water used in textile manufacturing. The dramatically rising world population is one of the leading propellers of the textile sector as the demand for clothing items has significantly increased. In 2023, the global textile industry was valued at over USD 1.9 billion and is expected to grow at a CAGR of over 7.7% during the forecast period. The rising trend of higher demand for fast fashion has managed to disrupt the textile sector. These clothing items are less expensive and made as per the latest fashion trends. Thus, they cater to the needs and demands of a large part of the new generation.
Global Glucaric Acid Market Restraints:
The global glucaric acid market is expected to be limited due to the high cost associated with the production of the compound. Reports suggest that traditional means of glucaric acid production which involves the nitric acid oxidation method do not produce high yield along with showing low-grade selectivity. This results in an increase in the overall production cost. In addition to this, the changing prices and availability of the raw material used for glucaric acid production add to the complexity.
Major Players in Glucaric Acid Markets are:
Rennovia Inc., Sinochem Group, Rivertop Renewables, Toronto Research Chemicals Inc., LyondellBasell Industries, Roquette Frères, Chemfaces Biochemical Co. Ltd., Haihang Industry Co. Ltd., Sigma-Aldrich Corporation, Shaoxing Marina Biotechnology Co. Ltd., Anhui Elite Industrial Co. Ltd., Tokyo Chemical Industry Co. Ltd. (TCI)., and others.
Industry News:
In March 2024, Corbion, an international company specialising in sustainable ingredients, stated that they are planning on growing production of gluconic acid owing to consumers' thirst especially in food and beverages. The company also pointed out that there is increasing use of gluconic acid in food preservation and in control of pH for dairy and baked products hence increasing the availability of this product in the world market. The geographical expansion of Corbion's endeavours not only aims to diversify the product range, but also Corresponding wants to implement sustainable development policies.
In February 2024, Kerry Group, the global tasty and nutritional firm, provided additional information regarding its intentions to work with several gluconic acid suppliers in high hopes of broadening the company's portfolio of organic acid solutions related to food safety. The company pointed out that gluconic acid is essential in extending the shelf life as well as increasing the quality of food products, especially meat and poultry. Due to this collaboration, Kerry is expected to serve its international customers with reliable solutions in the future.
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Global Glucaric Acid Market Segmentation:
By Type
D-Glucaric Acid-1
4-Lactone
Calcium D-Glucarate
Potassium Sodium D-Glucarate
Pure Glucaric Acid
By Application
Healthcare
Detergents
Corrosion Inhibitors
Food Manufacturing
Know more about this report:
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The following areas and countries are covered in the worldwide Glucaric Acid Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
The global glucaric acid market will be dominated by Asia-Pacific during the forecast period. In 2024, the region dominated nearly 36% of the total market share. The growing demand and production of glucaric acid across regional industries are the growth drivers in Asia-Pacific. Countries such as China, India, Japan, and others have an extensive consumer market. The growing use of laundry detergents across residential and commercial units is a major growth propeller. In addition to this, the demand for water treatment solutions is growing rapidly. Asia-Pacific is home to several fast-emerging nations with high investments directed toward urbanization and industrialization. This has resulted in extensive consumption of water for several purposes. However, this trend is followed by an increased requirement for efficient water treatment components such as glucaric acid.
Detailed industry forecast-Brief Introduction to the research report:
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Customized reports and analyst assistance are available upon request.
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