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.
In depth research report on 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
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
•
Othes
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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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