According to the latest report by IMARC Group, titled “Glucaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global glucaric acid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Industry Overview and Application:
Glucaric acid refers to a chemical compound that is generally used as an antineoplastic agent. It is a biodegradable substance that is commonly obtained via the oxidization of sugar with nitric acid. Apart from this, it is also naturally found and can be extracted from various cruciferous vegetables and fruits. It has multiple industrial applications as it is utilized in the manufacturing of corrosion inhibitors, medicines, liquid detergents, de-icing agents, food additives and health supplements.
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The global glucaric acid market is primarily driven by an enhanced focus on sustainable development. This has led to the increasing usage of glucaric acid as a preferred substitute for phosphates in the production of liquid detergents as it is eco-friendly in nature. Moreover, the widespread utilization of glucaric acid in the production of medicines is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid industrialization and extensive research and development (R&D) activities conducted by key players.
Competitive Landscape with Key Players:
- AK Scientific Inc.
- Alfa Chemistry
- Carbosynth Ltd
- Cayman Chemical Company
- CHEMOS GmbH & Co. KG
- Kalion Inc.
- Merck KGaA
- The Archer-Daniels-Midland Company
The report has segmented the global glucaric acid market on the basis of product, application and region.
Breakup by Product:
- Pure Glucaric Acid
- Calcium D-glucarate
- Potassium Sodium D-glucarate
- D-glucaric Acid-1,4-lactone
Breakup by Application:
- Food Ingredients
- Corrosion Inhibitors
- De-icing Applications
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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