Market Size of Glucaric Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.13 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Glucaric Acid Market Analysis
The global glucaric acid market is projected to grow at a CAGR of 8.13% during the forecast period (2020-2025).
- Glucaric acid, which is formed by oxidizing glucose, has been recognized by the US Department of Energy as one of the most important building blocks chemicals that can be converted into several high values, bio-based chemicals. This factor is expected to propel the growth of the global glucaric acid marketover the forecast period.
- The companies involved in the production of glucaric acid are applying proven science to renewable resources, are creating an abundant and far more economical supply of glucarate and its derivatives. Glucaric acid finds potential applications in food, pharmaceuticals and polymer industries which has resulted in robust growth in the glucaric acid market during the forecast period.
Glucaric Acid Industry Segmentation
The global glucaric acid market is segmented by product type and distribution channels. Based on pure glucaric acid, calcium-D- glucarate, pottassium sodium-D- glucarate, D-glucaric acid- 1,4-lactone. Based on application, the market is segmented into detergents, corrosion inhibitors, food additives/health supplements, pharmaceuticals, others. Based on geography, the study provides an analysis of the glucaric acid market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Product Type | |
| Pure Glucaric Acid | |
| Calcium-D- glucarate | |
| Pottassium Sodium-D- glucarate | |
| D-glucaric acid- 1,4-lactone |
| By Application | |
| Detergents | |
| Corrosion Inhibitors | |
| Food Additives/Health Supplements | |
| Pharmaceuticals | |
| Others |
| Geography | |||||||||
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Glucaric Acid Market Size Summary
The glucaric acid market is poised for significant expansion, driven by its recognition as a crucial building block chemical by the US Department of Energy. This compound, derived from the oxidation of glucose, is increasingly being utilized in the production of high-value, bio-based chemicals. The market's growth is further supported by the application of scientific advancements to renewable resources, which has led to a more abundant and cost-effective supply of glucarate and its derivatives. Glucaric acid's versatility is evident in its applications across various industries, including food, pharmaceuticals, and polymers, contributing to its robust market growth.
A notable application of glucaric acid is in the detergent industry, where it serves as an eco-friendly alternative to phosphates, particularly in dishwasher detergents. Its ability to act as a builder by capturing magnesium and calcium in hard water enhances its appeal as a cleansing agent. The increasing use of glucaric acid in laundry and household cleaning products further bolsters market demand. The Asia-Pacific region holds a significant market share due to the availability of raw materials and cost-effective labor, attracting major players to establish manufacturing facilities there. North America also maintains a substantial market presence, supported by regulatory backing from entities like the Environmental Protection Agency. Key global players in the glucaric acid market include Shanghai Meicheng Chemical Co. Ltd., Haihang Industry Co Ltd, Kalion Inc., Merck KGaA, Cayman Chemical, and Alfa Chemistry.
Glucaric Acid Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Pure Glucaric Acid
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2.1.2 Calcium-D- glucarate
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2.1.3 Pottassium Sodium-D- glucarate
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2.1.4 D-glucaric acid- 1,4-lactone
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2.2 By Application
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2.2.1 Detergents
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2.2.2 Corrosion Inhibitors
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2.2.3 Food Additives/Health Supplements
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2.2.4 Pharmaceuticals
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2.2.5 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the Wold
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2.3.4.1 South America
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2.3.4.2 Middle East
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2.3.4.3 Africa
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Glucaric Acid Market Size FAQs
What is the current Glucaric Acid Market size?
The Glucaric Acid Market is projected to register a CAGR of 8.13% during the forecast period (2024-2029)
Who are the key players in Glucaric Acid Market?
Merck KGaA, Cayman Chemical, Alfa Chemistry, Haihang Indutry Co Ltd and AK Scientific Inc. are the major companies operating in the Glucaric Acid Market.
