Glucaric Acid Market Report

Market Insights

"The global glucaric acid market is likely to grow at a healthy CAGR of 13.4% during the forecast period of 2023-2028."

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Glucaric acid is produced by the chemical oxidation of glucose. Also known as saccharic acid, it is a powerful corrosion inhibitor and can be used in an extensive range of applications where water contacts metal surfaces.

Market Dynamics

Market Drivers

The glucaric acid market is driven by a host of factors, some of which are noted below:

• Growing consumer inclination for bio-based products due to their non-toxic and biodegradable nature along with enhancing product quality.
• Furthermore, the high demand for multifunctional and premium organic components has led to the incorporation of advanced ingredients.

Segments Analysis

Product Trends

"The 4-lactone segment accounted for the largest market share."

The market is segmented as potassium sodium D-glucarate, calcium D-glucarate, D-glucaric acid-1, and 4-lactone. 4-lactone is expected to capture the largest share of the market during the assessment period. This dominance is attributed to its extensive utilization of food ingredients and detergents owing to their effectiveness and easy availability. Moreover, technological advancement in production processes with the adoption of new techniques using a combination of organic products is stimulating the growth of the glucaric acid market.

Application Trends

"The de-icing segment accounted for the largest market share."

The market is segmented as detergent, food, corrosion inhibitors, and de-icing. The de-icing segment is estimated to account for the major share of the market during the assessment period on account of the large-scale use of the product in removing snow and ice from roads during winter. Moreover, the high operating effectiveness of the product at lower temperatures will boost the growth of the market.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the leading region in the market with India, Australia, and Japan as the growth engines of the market. This dominance is attributed to the availability of raw materials and the high presence of cheap labor. Manufacturers such as Rivertop and Rennovia have established their manufacturing facilities in India, China, and Taiwan which is likely to strengthen the growth of the glucaric acid market in the region.

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Key Players

The following are the key players in the glucaric acid market (arranged alphabetically).

• Alfa Chemistry.
• Cayman Chemical.
• Haihang Industry.
• Kalion Inc.
• Rennovia.
• Rivertop.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the global market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s glucaric acid market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.