A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Glucaric
Acid
Market. The
study, titled “Glucaric
Acid Market - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Glucaric
acid, also known as saccharic acid, is a chemical compound with the
formula C6H10O8. It is formed by the resultant chemical reaction
between nitric acid and oxidize sugar. Glucaric acid is categorized
into renewable or green acids and is used in various applications in
industries such as agriculture, pharmaceuticals, chemicals, and food.
It is also used in water treatment process and manufacture of
detergents. Chemicals employed in the building & construction
industry such as phosphates are likely to be substituted by glucaric
acid owing to its naturally occurring and renewable nature. Issues
regarding the usage of phosphates owing to their toxic nature is the
primary driver of the glucaric acid market. Glucaric acid was one of
the widely used chemicals in the U.S. in 2016. It is anticipated to
offer ample growth opportunities during the forecast period.
Browse
Market Research Report @
Implementation
of stringent government regulations regarding the usage of harmful
chemicals to curtail environmental damage is the factor driving the
glucaric acid market in the U.S. The country is one of the major
producers of glucose, which is primarily the reason for the presence
of key glucaric acid manufacturing companies. According to a survey
by the U.S. Department of Energy, glucaric acid has been identified
as the top chemical made from renewable sources. Based on product
type, the market for glucaric acid can be segmented into pure
glucaric acid, potassium sodium D-glucarate, calcium D-glucarate,
D-glucaric acid-1,4-lactone, and others. Based on application, the
market for glucaric acid can be segregated into food ingredients,
corrosion inhibitors, detergents, de-icing, and others.
The
market for glucaric acid is anticipated to witness significant growth
during the forecast period owing to its wide range of application in
numerous end-user industries. Rise in usage of glucaric acid in the
manufacture of polymer is anticipated to propel the demand for the
acid in the next few years. In terms of product, the pure glucaric
acid segment held the major share of the market in 2016. It is
anticipated to maintain its position during the forecast period. Low
cost and easy availability are estimated to boost the pure glucaric
acid segment in the near future. Pure glucaric acid is followed by
calcium D-glucarate. The segment is projected to witness high growth,
led by the rise in applications in the food industry. D-glucaric
acid-1,4-lactone accounted for nominal share of the market in 2016
owing to its usage in curing cancer. This product has gained momentum
in countries in Asia Pacific such as India and China, due to the high
prevalence of cancer in the region.
In
terms of application, the detergents held accounted for key share of
the glucaric acid market in 2016. The segment is likely to maintain
its position during the forecast period. Implementation of stringent
government regulations regarding the usage of toxic phosphates in
liquid detergents and rising demand for biodegradable cleaners are
the factors augmenting the demand for glucaric acid based detergents.
The detergents segment was followed by the food ingredients segment
in 2016. Increasing awareness about glucaric acid owing to its
ability to maintain levels of essential nutrients in food and rising
consumption in everyday meals are driving the demand for glucaric
acid.
Based
on geography, Asia Pacific accounted for significant share of the
glucaric acid market in 2016 due to the easy availability of raw
materials and cheap labor in comparison to North America and Europe.
Thus, major players including Rennovia and Rivertop have established
manufacturing facilities in emerging economies of Asia Pacific such
as India, China, and Taiwan. North America accounted for significant
share of the market in 2016, as the U.S. was the pioneer in
introduction of the acid. Glucaric acid is a renewable product.
Hence, its usage is supported by governing bodies such Environmental
Protection Agency (EPA). This is further augmenting the demand for
glucaric acid.
Get
accurate market forecast and analysis on the Glucaric Acid market.
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Key
players operating in the glucaric acid market include Rennovia Inc.,
Rivertop Renewables, Shanghai Meicheng Chemical Co. Ltd., Kalion
Inc., and Chemos.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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