Press release
Eco-Friendly Chemical Demand Boosts Glucaric Acid Market Growth: An Emerging Driver Transforming The Glucaric Acid Market Landscape
Glucaric Acid Market Size
What Is the Projected Growth of the Glucaric Acid Market?
The glucaric acid market size has experienced steady growth in recent years. It will increase from $1.06 billion in 2024 to $1.16 billion in 2025, with a compound annual growth rate (CAGR) of 9.3%. Contributing factors include the pharmaceutical demand, greater adoption of food additives, rising environmental awareness, government regulations, innovation in research and development, increasing demand for sustainable chemicals, industrial cleaning applications, and demand for personal care products.
The glucaric acid market is expected to experience solid growth, reaching $1.63 billion by 2029 at a CAGR of 8.9%. This growth is attributed to the increasing emphasis on green chemistry, the integration of bio-based polymers, capacity expansions, diversification into agriculture and textiles, and the growing adoption of green packaging solutions. Major trends include the use of glucaric acid in green packaging, exploration of bio-based materials, sustainable polymer integration, renewable energy applications, and eco-friendly construction materials.
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What Are the Different Glucaric Acid Market Segments?
The glucaric acid market covered in this report is segmented -
1) By Type: Calcium D-Glucarate, Pure Glucaric Acid, D-Glucaric Acid-1,4-Lactone, Potassium Sodium D-Glucarate, Other Types
2) By Application: Detergents, Healare, Food Manufacturing, Corrosion Inhibitors, Other Applications
3) By Sales Channel: Direct Sale, Indirect Sale
Subsegments:
1) By Calcium D-Glucarate: Calcium D-Glucarate Powder, Calcium D-Glucarate Capsules Or Tablets
2) By Pure Glucaric Acid: Pharmaceutical Grade Pure Glucaric Acid, Industrial Grade Pure Glucaric Acid
3) By D-Glucaric Acid-1,4-Lactone: Food Grade D-Glucaric Acid-1,4-Lactone, Pharmaceutical Grade D-Glucaric Acid-1,4-Lactone
4) By Potassium Sodium D-Glucarate: Potassium Sodium D-Glucarate Powder, Potassium Sodium D-Glucarate Tablets
5) By Other Types: Liquid D-Glucaric Acid, Other Specialized Forms
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What Are the Primary Drivers Shaping the Glucaric Acid Market?
Rising demand for eco-friendly and bio-based chemicals is projected to drive growth in the glucaric acid market. These chemicals, derived from renewable resources, are gaining popularity due to increasing environmental awareness and regulatory pressures aimed at lowering carbon emissions and pollution. Glucaric acid, a biodegradable compound, is used in sustainable applications such as detergents, corrosion inhibitors, and food additives. For example, the International Energy Agency reported in December 2022 that demand for bio-based oils and fats rose by 56%, reaching 79 million metric tons between 2022 and 2027, with waste and residues expected to account for 13% of biofuel production in 2027-up from 9% in 2021. This growing preference for sustainable chemicals is fueling demand for glucaric acid.
Which Companies Are Leading in the Glucaric Acid Market?
Major companies operating in the glucaric acid market are The Archer Daniels Midland Company, BASF SE, LyondellBasell Industries, Merck KGaA, Koninklijke DSM N.V, Sinochem Group, Roquette Frères SA, Novozymes A/S, Jungbunzlauer Suisse AG, Toronto Research Chemicals Inc, Codexis Inc., Cayman Chemical Company, Tokyo Chemical Industry Co. Ltd, Biosynth Ltd, Chemrez Technologies Inc, Parchem Fine & Specialty Chemicals, Santa Cruz Biotechnology Inc, Rennovia Inc, Alfa Chemistry, Rivertop Renewables, Haihang Industry Co Ltd, CHEMOS GmbH & Co KG, AK Scientific Inc, Kalion Inc, PMP Inc, Shandong Baovi Energy Technology Co Ltd, Otto Chemie Pvt Ltd, Glentham Life Sciences Limited
What Trends Are Driving Growth in The Glucaric Acid Market?
Leading businesses in the glucaric acid market are emphasizing strategic investments to improve production scalability and efficiency. These strategic investments are targeted fiscal commitments meant to realize long-term objectives like enhancing operational abilities, broadening market reach, or propelling innovation in distinct business areas. For example, in June 2024, Solugen, a biomanufacturing company based in the US, declared that it would acquire a $214 million loan from the US Department of Energy for the establishment of a biobased chemical plant in Minnesota. This plant is set to employ enzymatic and chemical techniques to generate glucaric acid, gluconic acid, and hydrogen peroxide for various sectors such as concrete, cleaning, agriculture, and oil. This will pave the way for more environment-friendly and efficient production procedures.
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What Are the Top Revenue-Generating Geographies in the Glucaric Acid Market?
North America was the largest region in the glucaric acid market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glucaric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glucaric Acid Market?
2. What is the CAGR expected in the Glucaric Acid Market?
3. What Are the Key Innovations Transforming the Glucaric Acid Industry?
4. Which Region Is Leading the Glucaric Acid Market?
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