Glucaric Acid Market Forecast | 2021-2026

Market Insights

The global glucaric acid market is likely to witness a CAGR of 13.4% during the forecast period.

What is glucaric acid?

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.

Wish to get a free sample? Click Here.

Market Dynamics

Growing consumer inclination for bio-based products due to their non-toxic and biodegradable nature along with enhancing product quality is likely to drive the market over the assessment period. Furthermore, the high demand for multifunctional and premium organic components has led to the incorporation of advanced ingredients which may favour overall market growth.

Want to closer look at this report, Get a Free Sample.

Key Players

Some of the key players in the glucaric acid market are-

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

Segments Analysis

By Product Type

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 market. 

By Application Type

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 temperature will boost the growth of the market.

Regional Analysis

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 labour. 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 market in the region.

To know hight-growth countries in this report, Register Here.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The glucaric acid market is segmented into the following categories:

By product type:

• Potassium Sodium D-glucarate
• Calcium D Glucarate
• D glucaric acid-1
• 4-lactone

By application type:

• Detergent
• Food
• Corrosion Inhibitors
• De-Icing

By region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, Indonesia, Thailand, Australia and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

To know the most attractive market segment in this report, Click Here.

Research Methodology

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 1,000 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides 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 dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle and supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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)

Segmentation

• Current segmentation by any one of the product types by application type.  

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 at sales@stratviewresearch.com.