Glucaric acid is a type of sugar acid which is obtained by oxidizing polysaccharides/sugars with nitric acid. Glucaric acid is a biodegradable chemical as it is made from glucose and is, thus, considered as one of the top renewable building block chemicals by the U.S. Department of energy (DOE). Moreover, studies also represent that consumption of glucaric acid helps to minimize the potential risk of cancer. Also, glucaric acid acts as a health supplement for regulating metabolism in the human body.
MARKET DYNAMICS
The glucaric acid market has witnessed a significant growth owing to factors such as ban on the use of phosphates owing to the toxic nature. Moreover, rise in liquid detergent industry provides a huge market opportunity for the key players operating in the glucaric acid market. However, large scale production of glucaric acid is restricted up to a certain extent by NOx production, which is projected to hamper the overall growth of the glucaric acid market.
MARKET SCOPE
The "Global Glucaric Acid Market Analysis to 2028" is a specialized and in-depth study of the Chemical and Materials industry with a special focus on the global markettrend analysis. The report aims to provide an overview of theglucaric acid market with detailed market segmentation by type, form, product, method, end-user industry and geography. The global glucaric acid market is expected to witness high growth during the forecast period. The report provides key statistics on the marketstatus of the leadingglucaric acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The globalglucaric acid market is segmented on the basis of product and application. On the basis of product, the glucaric acid market is segmented into pure glucaric acid, calcium D-glucarate, potassium sodium D-glucarate, D-glucaric acid-1,4-lactone and other products. Based on application, the global glucaric acid market is divided food ingredients, detergents, corrosion inhibitors, de-icing chemicals and other applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glucaric acid market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glucaric acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glucaric acid market from both demand and supply side and further evaluates marketdynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glucaric acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the glucaric acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers fromglucaric acid market is anticipated to lucrative growth opportunities in the future with the rising demand for glucaric acid in the global market. Below mentioned is the list of few companies engaged in the glucaric acid market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the glucaric acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AK Scientific Inc
- Alfa Chemistry
- Carbosynth Limited
- Cayman Chemical
- Chemos
- Haihang Industry Co., Ltd.
- Kalion
- Merck KGaA
- Rennovia
- Rivertop
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