Glucaric Acid Market: Major Trends Reshaping the Future of the Industry

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What Will the Glucaric Acid Industry Market Size Be by 2025?
The market size for glucaric acid has seen robust growth in the past few years. It is predicted to increase from $1.06 billion in 2024 to $1.16 billion in 2025, marking a compound annual growth rate (CAGR) of 9.3%. The growth during the historic period is due to factors like increased demand in the pharmaceutical industry, use as a food additive, heightened environmental consciousness, government regulations, R&D advancements, the need for sustainable chemicals, applications in industrial cleaning, and the demand for personal care products.

What's the Long-Term Growth Forecast for the Glucaric Acid Market Size Through 2029?
It is projected that the glucaric acid market will experience substantial growth in the coming years, ballooning to $1.63 billion by 2029 with a compound annual growth rate (CAGR) of 8.9%. The rise in the projection period is due to an emphasis on green chemistry, the incorporation of bio-based polymers, expansion of capacity, agricultural and textile diversification, and a heightened use of environment-friendly packaging solutions. The forecast period will likely witness trends such as the use of glucaric acid in green packaging, exploration of bio-based materials, sustainable polymer integration, applications in renewable energy, biotechnological modes of production, eco-friendly building materials, and teamwork towards innovation.

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What Are the Key Growth Drivers Fueling the Glucaric Acid Market Expansion?
The advancement of the glucaric acid market is projected to be driven by the growing consumer demand for sustainable and bio-based chemicals. These types of chemicals are derived from renewable resources and manufactured through practices that have a minimal effect on the environment, advocate sustainability, and reduce the dependence on fossil fuels. The prompt for utilizing these eco-friendly and bio-based chemicals comes from increasing environmental apprehensions and regulatory pressures to lower carbon emissions and pollution. Glucaric acid fulfils these needs by serving as a biodegradable substitute in various applications like detergents, corrosion inhibitors, and food additives. For example, the International Energy Agency, a government agency based in France, reported in December 2022 that the demand for vegetable oil, waste, and residue oils and fats surged by 56% to 79 million metric tons in the 2022-2027 period. Furthermore, it's projected that by 2027, 13% of biofuel production, an increase from 9% in 2021, is expected to make use of wastes and residues. Therefore, the growing demand for sustainable and bio-based chemicals is anticipated to contribute to the expansion of the glucaric acid market.

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What Are the Key Trends Driving Glucaric Acid Market Growth?
Leading companies in the glucaric acid market are concentrating on strategic investments to boost their production scalability and efficiency. Such investments are specific financial commitments aimed at achieving long-term objectives like improving operational abilities, escalating market footprint, or fostering innovations in certain business sectors. For example, Solugen, a biomanufacturing company from the US, revealed in June 2024 that it would be receiving a $214 million loan from the US Department of Energy for the purpose of funding a biobased chemical plant in Minnesota. The facility will harness enzymatic and chemical methods to yield glucaric acid, gluconic acid, and hydrogen peroxide, which are extensively used in sectors like concrete, cleaning, agriculture, and oil. This is seen as a step towards greener and more efficient production methods.

How Is the Glucaric Acid Market Segmented?
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, Healthcare, 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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Which Companies Are Leading the Charge in Glucaric Acid Market Innovation?
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

Which Regions Are Leading the Global Glucaric Acid Market in Revenue?
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.

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