The global glucaric acid market is expected
to reach USD 1.30 billion by 2025, according to a new report by Grand View
Research, Inc. Growing demand for this product in detergents, dishwashers, and
food ingredients is expected to be the major driver of the market over the
forecast period.
A ban on the use of phosphates in
detergents, particularly in North America and Europe, has resulted in the
emergence of glucaric acid as its substitute in this application. It is
primarily made of glucose, which is organic in nature and does not affect the
environment.
Glucaric acid can be used either
in its pure form or as a derivative. Pure glucaric acid was the most widely
used product in 2016. Increased efficiency and easy availability of pure
glucaric acid as compared to derivatives such as calcium D-glucarate and
D-glucaric acid-1,4-lactone were some of the major factors boosting its demand.
Asia Pacific is expected to
witness the highest demand for glucaric acid over the next eight years. This
region has seen a resurgence in food & beverages and soap & detergent
industries which have proven to be key drivers in this region.
Browse full research report on Glucaric Acid Market: http://www.grandviewresearch.com/industry-analysis/glucaric-acid-market
Further key findings from the report suggest:
- The global market size was USD 0.55 billion in 2016,
which is projected to grow at a steady CAGR of 10.1% by revenue, from 2017
to 2025
- Pure glucaric acid, due to growing applications in
detergents and food ingredients, is projected to witness the highest CAGR
of 11.7%, by revenue in the product segment, from 2017 to 2025
- D-glucaric acid-1,4-lactone, which accounted for
23.4% of the glucaric acid market by value, is expected to grow on account
of increased use in treatment of diseases such as cancer
- The detergents segment is expected to be the biggest
consumer of this product over the next eight years courtesy stringent
regulations against the use of synthetic chemicals such as phosphorus,
which are known to degrade the environment
- The presence of key manufacturers is expected to aid
market growth in North America, which is expected to witness a CAGR of 9%
from 2017 to 2025, by revenue
- Rennovia and Rivertop, based out of the U.S., were
the key players that introduced this product in various applications such
as detergents and food ingredients
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the global glucaric acid
market on the basis of product, application, and region:
Glucaric Acid Product Outlook (Volume, Tons; Revenue, USD
Thousand, 2014 - 2025)
- Pure
glucaric acid
- Calcium
D-glucarate
- Potassium
sodium D-glucarate
- D-Glucaric
acid-1,4-lactone
- Others
Glucaric Acid Application Outlook (Volume, Tons; Revenue,
USD Thousand, 2014 - 2025)
- Food
ingredients
- Detergents
- Corrosion
inhibitors
- De-icing
applications
- Others
Glucaric Acid Regional Outlook (Volume, Tons; Revenue,
USD Thousand, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-glucaric-acid-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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