Glucaric acid market will reach an estimated volume of USD 1597.69 million by 2027, while registering this growth at a rate of 10.20% for the forecast period of 2020 to 2027
Global Glucaric Acid Market Scope and Market Size
Glucaric acid market is segmented on the basis of application and product. The growth amongst the different segments helps in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in the target markets.
· On the basis of product, the glucaric acid market is segmented into pure glucaric acid, calcium D-glucarate, potassium sodium D-glucarate, D-glucaric acid, 1-4-lactone and others.
· Based on application, the glucaric acid market is segmented into food ingredients, detergents, corrosion inhibators, de-icing applications and others.
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Market Analysis and Insights: Global Glucaric Acid Market
Glucaric acid market will reach an estimated volume of USD 1597.69 million by 2027, while registering this growth at a rate of 10.20% for the forecast period of 2020 to 2027. With the increasing demand of soaps, detergents, food ingredients, de-icing applications is a major factor for growth in the market.
The glucaric acid also known as saccharic acid, it is a chemical compound with the formula of C6H1008. Glucaric acid is formed by the resultant chemical reaction between oxidize sugar and nitric acid, they are also categorized into renewable and green acids and are used in various applications in industries such as chemicals, food and agriculture.
Major factors promoting the growth for glucaric acid is the ban on the use of phosphates in detergents due to their toxic nature, which has increased the use of glucaric acid. Pure glucaric acid demand is expected to flourish in the market due to the stringent regulations with the strict use of harmful chemicals in order to curtail environmental damage. With the increase in the liquid detergent industry as it is the largest consumer of this product in 2016 will still play an important role in the growth of glucaric acid market. Glucaric acids is eco-friendly biodegradable chemical, with the increasing threats of non-biodegradable chemicals that has increased the growth of biodegradable chemicals and is another significant factor for the growth of the market. Manufactures are focusing on R&D and innovative process techniques to reduce the amount of waste generated during production will create further opportunities in glucaric acid market in the forecast period of 2020-2027.
Global Glucaric Acid Market Country Level Analysis
Glucaric acid market is analysed and market size, volume information is provided by country, application and product as referenced above.
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, Israel, Egypt, South Africa, 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.
Glucaric Acid Market Share Analysis
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.
Major players covered in the glucaric acid market
The major players covered in the glucaric acid market report are biofuels Digest, Rivertop Renewables, Inc., Kalion Inc, Haihang Industry, Alfa Chemistry, Biosynth Cardosynth, Merch HGaA, Cayman Chemicals, BASF SE, Jungbunzlauer Suisse AG, Basel, Merck KGaA, Darmstadt, Navozymes, Occidental Petroleum Corporation, PMP Inc, R-Biopharm AG, Roquette Freres, Merck KGaA, TCI Chemicals Pvt.LTd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Major players covered in the glucaric acid market
The major players covered in the glucaric acid market report are biofuels Digest, Rivertop Renewables, Inc., Kalion Inc, Haihang Industry, Alfa Chemistry, Biosynth Cardosynth, Merch HGaA, Cayman Chemicals, BASF SE, Jungbunzlauer Suisse AG, Basel, Merck KGaA, Darmstadt, Navozymes, Occidental Petroleum Corporation, PMP Inc, R-Biopharm AG, Roquette Freres, Merck KGaA, TCI Chemicals Pvt.LTd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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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: glucaric acid market
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