Glucaric Acid Market is expected to undergo a CAGR of 9.45% during the forecast period 2022 to 2029.
Market Analysis and Insights Glucaric Acid Market
The glucaric acid market size will be boosted by rising consumer preference for bio-based products due to its biodegradable and non-toxic nature as well as improved product quality. Saccharic acid is another term for the product that is used in marketing campaigns. Advanced ingredients have been added due to the high demand for premium organic and multifunctional components, which may help the market grow. during the forecast period of 2022-2029.
Glucaric acid is also known as saccharic acid. This chemical compound is derived from a chemical reaction between sugar oxidation and nitric acid. The chemical formula of glucaric acid is C6H10O8. Glucaric acid has been recognized by the US Department of Energy which is one of the major building blocks chemicals. This acid is biodegradable chemical which is eco-friendly in nature.
The chemicals such as phosphates which is used in the construction industry, are expected to be replaced by the glucaric acid because of its renewable and natural nature. The issues associated with phosphates' use, such as their toxic nature, are expected to majorly drive the demand of the glucaric acid market. The increasing demand of glucaric acid in the place of phosphates are anticipated to drive the market growth rate.
Glucaric Acid Market Scope
The glucaric acid market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Pure Glucaric Acid
- Calcium D-Glucarate
- Potassium Sodium D-glucarate
- D-glucaric acid
- 1-4-lactone
- Others
Application
- Food Ingredients
- Detergents
- Corrosion Inhibitors
- De-icing applications
- Others
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Glucaric Acid Market Country Level Analysis
The countries covered in the glucaric acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Glucaric Acid Market Share Analysis
The Glucaric Acid Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Glucaric Acid Market.
Key Players Glucaric Acid Market
- Merck KGaA (Germany)
- BASF SE (Germany)
- TCI Chemicals (India)
- Kalion Inc. (U.S.)
- Alfa Aesar (U.S.)
- Biosynth Carbosynth (Switzerland)
- Cayman Chemicals (U.S.)
- Jungbunzlauer Suisse AG, Basel (Switzerland)
- Occidental Petroleum Corporation (U.S.)
- PMP Inc (U.S.)
- R-Biopharm (Germany)
- biofuels Digest (U.S.)
- Rivertop Renewables, Inc. (U.S.)
- Navozymes (Denmark)
- Roquette Freres (France)
- Haihang Industry (China)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Glucaric Acid Market by Product Procedure type
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