Global Glucaric Acid Market to 10.50% CAGR to 2021 – Analysis of HAIHANG INDUSTRY, Kalion, RENNOVIA, and Rivertop Renewables

MarketResearchNest.com adds “Global Glucaric Acid Market 2017-2021” new reports to its research database. The report spread across 86 pages with tables and figures in it.

The research analysts forecast the global glucaric acid market to grow at a CAGR of 10.50% during the period 2017-2021.

Glucaric acid is an organic acid that is formed by the oxidation of sugar, such as glucose, with nitric acid. It occurs naturally in various fruits such as orange, apple, and grapefruit, and vegetables such as cabbage and broccoli. In addition, tomatoes constitute a large amount of glucaric acid. Glucaric acid is also known as saccharic acid or D-glucaric acid. It is a biodegradable and non-toxic chemical. Glucaric acid is used in various applications such as detergents, food ingredients, corrosion inhibitors, de-icers, and medication. Glucaric acid is majorly used as detergents as it is free from toxic chemicals.

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Technavio recognizes the following companies as the key players in the global glucaric acid market: HAIHANG INDUSTRY, Kalion, RENNOVIA, and Rivertop Renewables

Other Prominent Vendors in the market are: Aadhunik Industries, AK Scientific, Alfa Chemistry, Anmol Chemicals, Carbosynth, Cayman Chemical, and Merck.

The latest trend gaining momentum in the market is Eco-friendly renewable chemical. The striking property of glucaric acid and its related polymers, is that they are made from the naturally occurring glucose, one of the most abundantly available and eco-friendly resources. Detergents that are made using glucaric acid, are non-toxic for aquatic animals such as fish as they do not produce any chemical residue. Glucaric acid is used as a bio-detergent; it works as a biodegradable chelating agent in detergents.

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According to the report, one of the major drivers for this market is Growing demand for derivatives of D-glucaric acid in cancer treatment. A derivative of glucaric acid, D-glucaric acid-1,4-lactone is used in the treatment of different types of cancer such as prostate and breast cancer. D-glucaric acid, a naturally occurring chemical is produced in humans in a small quantity. It detoxifies and eliminates certain metabolic waste products and environment-hazardous compounds completely. D-glucaric occurs as a non-toxic natural compound in various fruits and vegetables.

Further, the report states that one of the major factors hindering the growth of this market is High cost of production and less productivity. Although the synthesis of glucaric acid from glucose and nitric acid involves a single-step production process, the cost of production is very high. The process requires superior technology to obtain a higher yield of glucaric acid without releasing much industrial waste. The sufficient availability of glucose-producing crops like sugarcane, sugar beets, and corn sugar, enables the selection of good-quality raw materials to yield more glucaric acid that becomes a challenging factor for manufacturers. Since nitric acid, one of the primary raw materials used in the process, is expensive, manufacturers are required to spend more amount to obtain high-quality nitric acid.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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