The global GlucaricAcid Market is estimated to touch US$ 1.30 billion by the completion of the prediction period. The market was appreciated at US$ 550.40 million in the year 2016. The prohibition on the usage of phosphates in the manufacturing of detergents owing to their poisonous characteristics, growing demand from manufacturing industries of foodstuff constituents, Detergents, soaps and its use such as de-icing, erosion inhibitors has augmented demand for Glucaric acid.
The
demand for this acid is estimated to rise due to strict rules limiting the
usage of unsafe chemicals, thereby restricting ecological destruction.
Increasing manufacture of liquid detergent, it was the biggest end user of this
product in the year 2016, estimated to perform an important part in boosting
the demand in the market. The market estimated to develop at a CAGR of 10.1%
for the duration of the prediction.
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The
Glucaric Acid market on the source of Type of Application could span De-icing
applications, Detergents, Erosion inhibitors, Foodstuff constituents, and
others. The manufacturer of detergent is the biggest end user of this product
tracked by manufacturing of foodstuff. The detergent manufacturing companies
have observed increase in demand for the product owing to the prohibition on
the usage of phosphates, mainly in liquid detergents. Increasing demand for
recyclable detergents too projected to take an optimistic influence on the
market above the subsequent eight years.
Glucaric
acid’s use could, likewise, be traced in foodstuff constituents. It was
responsible for 22.1% stake of the market by means of income in the year 2016.
Increasing consciousness regarding the prominence of this product in keeping
the stages of important nutrients has caused in augmented ingestion in daily
mealtime. This has performed an important part in motivating its demand.
The
Glucaric Acid market on the source of Type of Product could
spanD-GlucaricAcid-1, 4-Lactone, Calcium D-Glucarate, Potassium Sodium
D-Glucarate, Pure GlucaricAcid, and others. The Calcium D-Glucarate is
estimated to develop at a CAGR of 8.4% by price, for the duration of
prediction, because of widespread uses in the foodstuff manufacturing boosting
the stages of minerals and vitamins in the body. Therefore, protecting the
important body part; for instance, liver and lungs.
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The
D-GlucaricAcid-1, 4-Lactone, is one of the extensively utilized by-products. It
is expected to develop at the subsequent maximum CAGR of 10.4% by means of
price, for the duration of prediction. The product is utilized in the treatment
of cancer. It has observed increasing demand from the developing medicinal
subdivision of Asia Pacific, particularly from nations having a greater
occurrence of this sickness, like in India and China.
The
Glucaric Acid market on the source of Area with respect to Trades in terms of
intake, Profits, Market stake and Development percentage in these areas, for
the duration of the prediction could span North America [U.S.A], Europe
[Germany, U.K.], Asia Pacific [Japan, China], Central & South America
[Brazil], Middle East & Africa.
By
the source of geography, Asia Pacific observed the maximum demand for Glucaric
acid and its byproducts in the year 2016. This area is likewise estimated to
develop at the maximum CAGR of 11.6% for the duration of prediction. Increasing
demand for this product from the manufacturers of foodstuff and detergent,
particularly in developing nations such as India and China, has boosted the
development of the market above the subsequent eight years.
Taiwan,
China, and India are known to have plentiful of sources of raw material and
inexpensive manual labor, as equated with North American and European nations.
Therefore, most important companies comprising Rennovia and River top have set
up production plants in these developing nations of Asia Pacific.
North
America held the subsequent biggest stake of 22.6% by means of income, in the
year 2016. It was the innovator in presenting this product. As it is a
carbon-based product, the usage of Glucaric acid in this nation has been
cheered by the governing organizations for example Environmental Protection
Agency [EPA], additionally initiating the demand in the market.
The
statement revises Trades in terms of intake of Glucaric Acid in the market;
particularly in North America, Europe, Asia Pacific, Central & South
America, and Middle East & Africa. It concentrates on the topmost companies
operating in these regions. Some of the important companies operating in the
field on international basis are Shanghai Meicheng Chemical Co. Ltd., River top
Renewables, Chemo’s, Rennovia Inc., and , Kalion Inc.
Market
Segment:
Glucaric
Acid Product Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
• Pure glucaric acid
• Calcium D-glucarate
• Potassium sodium D-glucarate
• D-Glucaric acid-1,4-lactone
• Others
Glucaric
Acid Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
• Food ingredients
• Detergents
• Corrosion inhibitors
• De-icing applications
• Others
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