Glucaric Acid Market overview, challenge, outlook and forecast 2014 - 2025
The global glucaric acid market is expected to reach USD 1.30 billion by 2025, according to a new report by Radiant insights, inc. Growing demand for this product in detergents, dishwashers, and food ingredients is expected to be the major driver of the market over the forecast period.
A ban on the use of phosphates in detergents, particularly in North America and Europe, has resulted in the emergence of glucaric acid as its substitute in this application. It is primarily made of glucose, which is organic in nature and does not affect the environment.
Glucaric acid can be used either in its pure form or as a derivative. Pure glucaric acid was the most widely used product in 2016. Increased efficiency and easy availability of pure glucaric acid as compared to derivatives such as calcium D-glucarate and D-glucaric acid-1,4-lactone were some of the major factors boosting its demand.
Asia Pacific is expected to witness the highest demand for glucaric acid over the next eight years. This region has seen a resurgence in food & beverages and soap & detergent industries which have proven to be key drivers in this region.
Download full research Report @ http://www.radiantinsights.com/research/glucaric-acid-market
Further key findings from the report suggest:
• The global market size was USD 0.55 billion in 2016, which is projected to grow at a steady CAGR of 10.1% by revenue, from 2017 to 2025
• Pure glucaric acid, due to growing applications in detergents and food ingredients, is projected to witness the highest CAGR of 11.7%, by revenue in the product segment, from 2017 to 2025
• D-glucaric acid-1,4-lactone, which accounted for 23.4% of the glucaric acid market by value, is expected to grow on account of increased use in treatment of diseases such as cancer
• The detergents segment is expected to be the biggest consumer of this product over the next eight years courtesy stringent regulations against the use of synthetic chemicals such as phosphorus, which are known to degrade the environment
• The presence of key manufacturers is expected to aid market growth in North America, which is expected to witness a CAGR of 9% from 2017 to 2025, by revenue
• Rennovia and Rivertop, based out of the U.S., were the key players that introduced this product in various applications such as detergents and food ingredients
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/glucaric-acid-market/request-sample
Table of Contents
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Glucaric Acid Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Glucaric acid market value chain analysis
3.3 Raw Material Trend
3.3.1 Glucose
3.3.2 Nitric Acid
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Extensive R&D in the market
3.4.1.2 Glucaric acid emerging as substitute for phosphate
3.4.2 Market Restraint Analysis
3.4.2.1 High initial capital & labor cost
3.5 Penetration & growth prospect mapping
3.6 Glucaric acid market - PESTEL Analysis
Browse all Report of this category @ http://www.radiantinsights.com/catalog/chemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
A ban on the use of phosphates in detergents, particularly in North America and Europe, has resulted in the emergence of glucaric acid as its substitute in this application. It is primarily made of glucose, which is organic in nature and does not affect the environment.
Glucaric acid can be used either in its pure form or as a derivative. Pure glucaric acid was the most widely used product in 2016. Increased efficiency and easy availability of pure glucaric acid as compared to derivatives such as calcium D-glucarate and D-glucaric acid-1,4-lactone were some of the major factors boosting its demand.
Asia Pacific is expected to witness the highest demand for glucaric acid over the next eight years. This region has seen a resurgence in food & beverages and soap & detergent industries which have proven to be key drivers in this region.
Download full research Report @ http://www.radiantinsights.com/research/glucaric-acid-market
Further key findings from the report suggest:
• The global market size was USD 0.55 billion in 2016, which is projected to grow at a steady CAGR of 10.1% by revenue, from 2017 to 2025
• Pure glucaric acid, due to growing applications in detergents and food ingredients, is projected to witness the highest CAGR of 11.7%, by revenue in the product segment, from 2017 to 2025
• D-glucaric acid-1,4-lactone, which accounted for 23.4% of the glucaric acid market by value, is expected to grow on account of increased use in treatment of diseases such as cancer
• The detergents segment is expected to be the biggest consumer of this product over the next eight years courtesy stringent regulations against the use of synthetic chemicals such as phosphorus, which are known to degrade the environment
• The presence of key manufacturers is expected to aid market growth in North America, which is expected to witness a CAGR of 9% from 2017 to 2025, by revenue
• Rennovia and Rivertop, based out of the U.S., were the key players that introduced this product in various applications such as detergents and food ingredients
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/glucaric-acid-market/request-sample
Table of Contents
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Glucaric Acid Market Variables, Trends & Scope
3.1 Market segmentation & scope
3.2 Glucaric acid market value chain analysis
3.3 Raw Material Trend
3.3.1 Glucose
3.3.2 Nitric Acid
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Extensive R&D in the market
3.4.1.2 Glucaric acid emerging as substitute for phosphate
3.4.2 Market Restraint Analysis
3.4.2.1 High initial capital & labor cost
3.5 Penetration & growth prospect mapping
3.6 Glucaric acid market - PESTEL Analysis
Browse all Report of this category @ http://www.radiantinsights.com/catalog/chemicals
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
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