Glucaric Acid Market Size
| 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 Market Trends
This section covers the major market trends shaping the Glucaric Acid Market according to our research experts:
Increasing Usage as Phosphate Replacer in Detergents to Drive Glucaric Acid Market Growth
Detergent is one of the major applications of glucaric acid as a replacement for phosphates. Glucaric acid is the ideal cleansing agent. It serves as a builder that captures magnesium and calcium found in hard water and then prevents them from foaming soap scum. Since phosphate is now banned from dishwasher detergents and glucaric acid is being prominently used as a substitute in the industry. This is expected to boost the growth of the glucaric acid market over the forecast period. The use of glucaric acid is increasing in laundry and household cleaning. Glucaric acid is also regarded as ecofriendly as the raw materials used in the production of this product are renewable.
Asia-Pacific Holds a Significant Market Share
Asia-Pacific has witnessed a major share of the glucaric acid market in 2018 owing to the easy availability of raw materials and cheap labor in comparison to North America and Europe. Thus, major players including Haihang Industry Co Ltd and Alfa Chemistry have established manufacturing facilities in emerging economies of Asia-Pacific such as India, China, and Taiwan. North America accounted for a significant share of market share as the United States was the pioneer in the introduction of the acid. Glucaric acid is a renewable product. Hence, its usage is supported by governing bodies such as Environmental Protection Agency (EPA). This is augmenting the demand for glucaric acid in the global market during the forecast period.
Glucaric Acid Industry Overview
Some of the major key players in the glucaric acid market, globally includes Shanghai Meicheng Chemical Co. Ltd., Haihang Indutry Co Ltd, Kalion Inc., Merck KGaA, Cayman Chemical, Alfa Chemistry, among others.
Glucaric Acid Market Leaders
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Merck KGaA
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Cayman Chemical
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Alfa Chemistry
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Haihang Indutry Co Ltd
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AK Scientific Inc.
*Disclaimer: Major Players sorted in no particular order
Glucaric Acid Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Product Type
- 5.1.1 Pure Glucaric Acid
- 5.1.2 Calcium-D- glucarate
- 5.1.3 Pottassium Sodium-D- glucarate
- 5.1.4 D-glucaric acid- 1,4-lactone
-
5.2 By Application
- 5.2.1 Detergents
- 5.2.2 Corrosion Inhibitors
- 5.2.3 Food Additives/Health Supplements
- 5.2.4 Pharmaceuticals
- 5.2.5 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Italy
- 5.3.2.6 Spain
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Rest of the Wold
- 5.3.4.1 South America
- 5.3.4.2 Middle East
- 5.3.4.3 Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Position Analysis
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6.4 Company Profiles
- 6.4.1 Shanghai Meicheng Chemical Co. Ltd.
- 6.4.2 Kalion Inc.
- 6.4.3 Chemos
- 6.4.4 Haihang Indutry Co Ltd
- 6.4.5 AK Scientific Inc.
- 6.4.6 Alfa Chemistry
- 6.4.7 Cayman Chemical
- 6.4.8 Merck KGaA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityGlucaric 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 | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the Wold | South America |
| Middle East | ||
| Africa |
Glucaric Acid Market Research 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.
Which is the fastest growing region in Glucaric Acid Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Glucaric Acid Market?
In 2024, the North America accounts for the largest market share in Glucaric Acid Market.
What years does this Glucaric Acid Market cover?
The report covers the Glucaric Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Glucaric Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Glucaric Acid Industry Report
Statistics for the 2024 Glucaric Acid market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Glucaric Acid analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
