Data Bridge Market Research analyses that the glucaric acid market was valued at USD 529.38 million in 2021 and is expected to reach USD 1090.17 million by 2029, registering a CAGR of 9.45% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Glucaric acid is also known as saccharin acid. This chemical compound is derived from a chemical reaction between sugar oxidation and nitric acid. The chemical formula of glucaric acid is C6H10O8. Glucaric acid has been recognized by the US Department of Energy which is one of the major building blocks chemicals. This acid is biodegradable chemical which is eco-friendly in nature.
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Some of the major players operating in the glucaric acid market are:
- Merck KGaA (Germany)
- BASF SE (Germany)
- TCI Chemicals (India)
- Kalion Inc. (U.S.)
- Alfa Aesar (U.S.)
- Biosynth Carbosynth (Switzerland)
- Cayman Chemicals (U.S.)
- Jungbunzlauer Suisse AG, Basel (Switzerland)
- Occidental Petroleum Corporation (U.S.)
- PMP Inc (U.S.)
- R-Biopharm (Germany)
Global Glucaric Acid Market Scope:
The glucaric acid market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Pure Glucaric Acid
- Calcium D-Glycerate
- Potassium Sodium D-glycerate
- D-glucaric acid
- 1-4-lactone
- Others
Application
- Food Ingredients
- Detergents
- Corrosion Inhibitors
- De-icing applications
- Others
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Glucaric Acid Market Regional Analysis/Insights:
The glucaric acid market is analyzed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the glucaric acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the glucaric acid market in terms of revenue and market share. This is due to the rising demand for this product from the food and detergent industry especially in the emerging economies such as China and India in this region.
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