Global Glucaric Acid Market Share, Trends, Size, Opportunity and Forecast by 2021-2026
According to the latest report by IMARC Group, titled “Glucaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global glucaric acid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Glucaric acid refers to a chemical compound that is generally used as an antineoplastic agent. It is a biodegradable substance that is commonly obtained via the oxidization of sugar with nitric acid. Apart from this, it is also naturally found and can be extracted from various cruciferous vegetables and fruits. It has multiple industrial applications as it is utilized in the manufacturing of corrosion inhibitors, medicines, liquid detergents, de-icing agents, food additives and health supplements.
The global market is primarily driven by an enhanced focus on sustainable development. This has led to the increasing usage of glucaric acid as a preferred substitute for phosphates in the production of liquid detergents as it is eco-friendly in nature. Moreover, the widespread utilization of glucaric acid in the production of medicines is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid industrialization and extensive research and development (R&D) activities conducted by key players.
Glucaric Acid Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global glucaric acid market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
AK Scientific Inc. Alfa Chemistry Carbosynth Ltd Cayman Chemical Company CHEMOS GmbH & Co. KG Kalion Inc. Merck KGaA The Archer-Daniels-Midland Company
Key Market Segmentation:
The report has segmented the global glucaric acid market on the basis of product, application and region.
Breakup by Product:
Pure Glucaric Acid Calcium D-glucarate Potassium Sodium D-glucarate D-glucaric Acid-1,4-lactone Others
Breakup by Application:
Food Ingredients Detergents Corrosion Inhibitors De-icing Applications Others
Breakup by Region:
North America Asia-Pacific Europe Latin America Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/glucaric-acid-market
Key highlights of the report:
Market Performance (2015-2020) Market Outlook (2021-2026) Industry Trends Market Drivers and Success Factors The Impact of COVID-19 on the Global Market Value Chain Analysis Structure of the Global Market Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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