Glucaric Acid Market Analysis, Region and Country Revenue Share and Forecast to 2027
The global glucaric acid market is expected to reach $ 1,466.7 million in 2027.
NEW YORK CITY, NY, UNITED STATES, September 29, 2021 /EINPresswire.com/ – Growing demand is expected to drive the market throughout the forecast period for this product in the areas of detergents, spreaders and food ingredients. In this case, the ban on the use of phosphates in detergents has contributed to the growth of glucaric acid in particular, both in North America and in Europe. It is mainly composed of glucose, which is organic and has no effect on the environment.
The pure or derivative form of glucaric acid can be used. The most widely used product was pure glucaric acid. In addition to derivatives such as calcium D-glucarate and D-glucaric acid-1,4-lactone, greater efficiency and easier availability of pure glucaric acid have been among the main factors that stimulate its demand.
Key developments in organic and inorganic growth strategies on the glucaric acid market. Many companies focus on strategic development approaches like product launches, product approvals, etc. Inorganic growth strategies and partnerships have been demonstrated in market acquisitions. These activities paved the way for the expansion of the business and customer base of market players. With the demand for Glucaric Acid from the global industry, market players in Glucaric Acid industry expect competitive growth prospects in the future.
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The highest demand for glucaric acid is expected in Asia-Pacific in the coming years. In this region, the food and drink and soap and detergent industries have reappeared and have proven to be the main drivers of this region.
The impact of COVID-19:
The COVID-19 pandemic will in no way endanger the sustainability of the industry. Major market leaders are skeptical of the prospects for the industry and are looking for ways to address this issue. Most clinics were expected to have a major effect on the pandemic to improve their services and other activities. There is not enough money in different parts of the world to avoid the usual lockout. International trade, exports and imports of COVID-19 have led to a significant decline in domestic demand. The world’s largest companies tend to relax their budgets and build up cash reserves. True production rates would eventually find new ways to meet consumer demand at much lower costs to employees and businesses.
The major players in the market are Rennovia, Kalion, Chemos, Rivertop, Shanghai Meicheng Chemical Co. Ltd., Haihang Industry Co Ltd, AK Scientific Inc., Alfa Chemistry, Cayman Chemical and Merck KGaA, among others.
Other key findings from the report suggest
The detergent is an essential phosphate substitute for glucaric acid. The ideal purifying agent is glucaric acid.
Pure Glucaric Acid is expected to be the most important product segment revenue between 2019-2027 due to increasing applications in detergents and food ingredients.
Based on the increased use of diseases such as cancer, D-glucaric acid-1,4-lactone which made up the majority of the glucaric acid industry, is expected to increase in volume.
Strict rules against the use of synthetic chemicals, such as phosphorus, which are known to degrade the environment, are expected to be the biggest consumer of the product over the next few years.
The involvement of major suppliers is expected to drive demand growth in North America and is expected to see sales increase between 2019 and 2027.
In January 2016, the German distributor of scientific reagents, Biomol GmbH, was acquired by Cayman Chemical Company, a leading producer and supplier of test equipment specializing in the life sciences.
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For the purpose of this report, reports and data have segmented into the global Glucaric Acid market on the basis of product, application, and region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Pure glucaric acid
Potassium sodium d-glucarate
Application Outlook (Revenue: Billions USD; Volume: Millions of Tons; 2017-2027)
Regional outlook (Revenue: Billions USD; Volume: Millions of tonnes; 2017-2027)
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Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Indicative measures
Chapter 4. Glucaric Acid Market Segmentation and Impact Analysis
4.1. Materials Segmentation Analysis of the Glucaric Acid Market
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
18.104.22.168. Extensive R&D in the market
22.214.171.124. Glucaric acid emerges as a substitute for phosphate
Chapter 8. Competitive landscape
8.1. Market revenue share by manufacturers
8.2. Analysis of the distribution of manufacturing costs
8.3. Mergers and Acquisitions
8.4. Positioning in the market
8.5. Comparative analysis of the strategy
8.6. Supplier landscape
Chapter 9. Company Profiles
9.1.1. Company presentation
9.1.2. Financial performance
9.1.3. Technological perspectives
9.1.4. Strategic initiatives
9.2.1. Company presentation
9.2.2. Financial performance
9.2.3. Technological perspectives
9.2.4. Strategic initiatives
9.3.1. Company presentation
9.3.2. Financial performance
9.3.3. Technological perspectives
9.3.4. Strategic initiatives
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