Glucaric Acid Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DPC712 | Last Updated On: Feb 25 2021 | No. of Pages: 180 | Available Formats

> Global Glucaric Acid Market Expected to reach a high CAGR of 7.5% By 2027: DataM Intelligence

Global Glucaric Acid Market Is Segmented By Product (Pure Glucaric Acid, Potassium Sodium D-Glucarate, Calcium D-Glutarate, D-glucaric Acid, 1,4 Lactone, Others), By Application (Detergents, Food Ingredients, De-icing Application, Health Supplement, Corrosion Inhibitor, Others), And By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The "Glucaric Acid Market" is expected to grow at a high CAGR of 7.5% during the forecasting period (2020-2027).

Glucaric acid is sugar, also known as saccharic acid, derived by oxidizing polysaccharides/sugar with nitric acid. Since it is derived from glucose, it comes under biodegradable chemicals and has been lists among the top 12 renewable building block chemicals by the U.S. Department of Energy (DOE).

Owing to biodegradable the chemical shows potential applications among various industries such as chemical, food, agriculture and pharmaceuticals. The chemical is also used in water treatment and detergent manufacturing. As per the on-going studies, the safe disposal of chemicals in the environment has shown that glucaric acid consumption reduces cancer's potential chances. Besides this, owing to the toxic behavior of phosphorous, glucaric acid is the most potential substitute for it in the construction and building industries.

As per the U.S. Department of Energy survey, glucaric acid holds an unprecedented market growth in the U.S. in 2016 and has been identified as the top chemical derived from a renewable source. Therefore, due to the chemical's biodegradable nature, the demand has been increased over the past few years. The properties offered by glucaric acid are anticipated to boost the market in the conjecture period.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The global glucaric acid market is driven by the increasing application of the chemical among various end-users due to its eco-friendly behavior. The ban on phosphate in the detergent industry due to its toxic nature has built a massive market for glucaric acid in recent times. Strict government policies towards using harmful chemicals to curtail environmental damage are expected to increase the global demand for glucaric acid in the forthcoming period.

The biodegradability of Glucaric Acid increased its demand globally.

Glucaric acid is a biodegradable chemical. Increasing awareness among the consumer about the potential threat of non-biodegradable chemicals has led to the growth towards adopting eco-friendly and sustainable chemicals, leading to building a massive market for glucaric acid in recent times.

The chemical's biodegradable behavior has played a potential role in various end-user industries such as chemical, food, agriculture and pharmaceuticals. For instance, the formation of specific polymers such as nylon using glucaric acid is the market's current trend. Glucaric acid is also used as a corrosion inhibitor in cooling towers and de-icers.

Apart from this, glucaric acid is gaining popularity in concrete admixtures, cosmetic ingredients, health supplements, etc. The chemical is also used in water treatment and detergent manufacturing. As per the on-going studies, the safe disposal of chemicals in the environment has shown that glucaric acid consumption reduces cancer's potential chances. Thus, glucaric acid coverage of large end-user applications is expected to build a large business volume in the forecast period.

For instance, in February 2017, Johnson Matthey and Rennovia announced the signed license agreement with ADM to offer catalyst and process technology for bio-based glucaric acid catalytic production. The agreement was made to combine the efficiency and selectivity of heterogeneous catalytic process technology with renewable feedstock to produce its bio-based glucaric acid.

The ban on phosphate use in detergents has built a massive market for glucaric acid due to its toxic nature.

In the past few years, glucaric acid has gained popularity in the detergent industry. It has primarily been used as a substitute for phosphorous as the detergent builder, as phosphorous releases toxic residues. Thus, it is considered harmful to the environment and is banned from dishwasher detergents.

Glucaric acid is considered to be the ideal cleansing agent. It serves as a builder that captures magnesium and calcium in hard water and then prevents them from foaming soap scum. Apart from this, glucaric acid is used as a corrosion inhibitor in water treatment applications, replacing phosphate-based programs.

Phosphate point sources are well known as environmental pollutants for aquatic ecosystems from wastewater treatment. On the other side, glucaric acid degrades benignly and can be useful in the water system without any restriction. Thus the growing demand for glucaric acid in the detergent industry and wastewater treatment is the potential factor triggering its growth.

Release of NOX gas while production of glucaric acid and increase in the overall cost of production for the chemical owing to treat the harmful gas before releasing is hampering the market growth of the chemical

Although sugar-derived glucaric acid production is a single-step process, nitric acid is used in its production process, resulting in the formation and release of waste and harmful NOX gas. Thus treatment of this gas is a must before releasing it into the environment. Therefore large production units of glucaric acid are generally restricted by the government, leading to hampering the glucaric acid market in the forecast period. Another step for the treatment of NOX gas is the overall manufacturing cost, thus impacting the global market of glucaric acid.

COVID-19 Impact Analysis

The global glucaric acid has shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the business of glucaric acid market due to disruption in the product's supply chain management.

The majority of businesses are shut down, and operations across several end-users of glucaric acid such as chemical, food, agriculture and pharmaceutical industries are also compromised, thus dropping the product's global demand in 2020.

Segmentation Analysis

The global glucaric acid market is segmented based on product, application and region.

Low prices and high availability of raw materials are triggering the pure glucaric acid market in recent times.

In terms of product, the global glucaric acid market is segmented into potassium sodium D-glucarate, pure glucaric acid, calcium D-glutarate, D-glucaric acid-1,4 lactone and others. Out of the mentioned product type, pure glucaric acid dominated the 2016 market and is expected to maintain its dominance in the forecast period due to its easy availability at a comparatively low price than the competitor segments.

On the other, D-glucaric acid-1,4 lactone is expected to grow at the fastest rate in the forecast period. The reason behind the market's significant growth is the increasing use of D-glucaric acid-1,4 lactone for cancer treatment, and the rising prevalence of the disease is the prime factor for accelerating the segment's market in coming years. Growing technical advancements in the D-glucaric acid-1,4 lactone production process with developing technology are more likely to boost the segment's market and build the global market of glucaric acid in return the forecast period.

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

Availability of cheap raw material and labor in the region and the establishment of various manufacturing facilities in the Asia-Pacific is triggering the product demand in the region.

Asia-Pacific region dominates the glucaric acid market in recent times due to cost-effective raw material and labor. The growing demand for glucaric acid from different end-users such as detergents and the food industry in economically emerging countries such as China, India and Japan is more likely to create opportunities for the segment to proliferate in the forecast market.

Most of the key players, such as Haihung industry Co. Ltd and Alfa chemistry have established manufacturing facilities in the Asia-Pacific region, creating a massive region market. In contrast, North America is in the second position for building the largest market for glucaric acid in the globe.

The US is the leader for generating the highest revenue for the market. The country is known to introduce new, advanced and eco-friendly products in the market, thus creating opportunities for the key player to build the region's forecast market. Since the chemical is an organic compound, various government bodies encourage the product, further triggering the demand.

Source: DataM Intelligence Analysis (2019)

Competitive Landscape

The glucaric acid market is highly fragmented with the presence of limited local as well as global companies. Some of the key players contributing to the market's growth include Alfa Chemistry, Kalion Inc, Haihang Industry, Cayman Chemical, Rennovia Inc, Shanghai Meicheng Chemical Co. Ltd, Merck kGaA, A.K. scientific Inc., Carbosynth Limited and among others.

The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the growth of the glucaric acid market globally. Several key players prefer collaboration, and acquisition is the key growth strategy for their business.

  • In February 2017, Johnson Matthey and Rennovia announced the signed license agreement with ADM to offer catalyst and process technology for bio-based glucaric acid catalytic production. The agreement was made to combine the efficiency and selectivity of heterogeneous catalytic process technology with renewable feedstock to produce its bio-based glucaric acid.

Kalion Inc

Overview: Kalion, Inc. is a bioengineering company based in Massachusetts that brings creative, bio-based, cost-effective solutions to challenging environmental problems. Kalion has implemented glucaric acid solutions to problems in sectors ranging from water treatment to textiles that enhance a range of goods' economic and environmental profile.

Product Portfolio: The company has a product portfolio of glucaric acid includes

  • Glucaric Acid: The product is designed using unique chemicals covering a wider range of forms to maximize its benefits. The product is a potent corrosion inhibitor and can be used in various applications where water contacts metal surfaces. Besides, the product is used in pharmaceutical applications such as in the production of Adderall and its generic equivalent, a drug for ADHD

Key Development:

  • For instance, in 2020, Kalion Inc received a National Science Foundation (NSF) Phase II Smart Business Research (SBIR) grant for $746,822. The grant is to conduct research and development work for improving the bio-based production of glucaric acid. 

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  • Visualize the glucaric acid market segmentation by product, application and highlight key commercial assets and players.
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The global glucaric acid market report would provide access to an approx: 53 market data table, 48 figures and 244 pages.

Target Audience 2022

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Related Topic’s

Calcium Stearate Market

Lactase Enzymes Market

 

Table of Contents

  1. Glucaric Acid Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Glucaric Acid Market – Market Definition and Overview

  3. Glucaric Acid Market – Executive Summary

    1. Market Snippet by Product
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Glucaric Acid Market-Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. The biodegradability of Glucaric Acid increased its demand globally.
        2. The ban on phosphate use in detergents has built a massive market for glucaric acid due to its toxic nature.
        3. XX
      2. Restraints:
        1. Release of NOX gas while production of glucaric acid and increase in the overall cost of production for the chemical owing to treat the harmful gas before releasing is hampering the market growth of the chemical
        2. XX
      3. Opportunity
      4. Impact Analysis
  5. Glucaric Acid Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Pricing Analysis
    4. Regulatory Analysis
  6. Glucaric Acid Market – COVID-19 Analysis

    1. Analysis of COVID-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid COVID-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Glucaric Acid Market – By Product

    1. Introduction
      1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
      2. Market Attractiveness Index, By Product
    2. Pure Glucaric Acid*
      1. Introduction
      2. Market Size Analysis and Y-o-Y Growth Analysis (%)
    3. Potassium Sodium D-Glucarate
    4. Calcium D-Glutarate
    5. D-glucaric Acid
    6. 1,4 Lactone
    7. Others
  8. Glucaric Acid Market – By Application

    1. Introduction
      1. Market Size Analysis and Y-o-Y Growth Analysis (%), Application
      2. Market Attractiveness Index, By Application
    2. Detergents*
      1. Introduction
      2. Market Size Analysis and Y-o-Y Growth Analysis (%)
    3. Food Ingredients
    4. De-icing Application
    5. Health Supplement
    6. Corrosion Inhibitor
    7. Others
  9. Glucaric Acid Market – By Region

    1. Introduction
      1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product.
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application.
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country.
        1. U.S
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product.
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application.
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country.
        1. Germany
        2. U.K
        3. France
        4. Italy
        5. Russia
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product.
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application.
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country.
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia-Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product.
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application.
      5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country.
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  10. Glucaric Acid Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Glucaric Acid Market- Company Profiles

    1. Kalion Inc*
      1. Company Overview
      2. Type Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Alfa chemistry
    3. Chemo India Formulation Pvt. Ltd
    4. Haihang Industry
    5. Cayman Chemical
    6. Rennovia Inc
    7. Shanghai Meicheng Chemical Co. Ltd
    8. Merck kGaA
    9. A.K. scientific Inc
    10. Carbosynth Limited (List Not Exhaustive)
  12. Glucaric Acid – Premium Insights

  13. Glucaric Acid – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables

Table 1 Global Glucaric Acid Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 2 Global Glucaric Acid Market Value, By Application, 2019, 2023 & 2027 (US$ Million)

Table 3 Global Glucaric Acid Market Value, By Region, 2019, 2023 & 2027 (US$ Million)

Table 4 Global Glucaric Acid Market Value, By Product, 2019, 2023 & 2027 (US$ Million)

Table 5 Global Glucaric Acid Market Value, By Product, 2019-2027 (US$ Million)

Table 6 Global Glucaric Acid Market Value, By Application, 2019, 2023 & 2027 (US$ Million)

Table 7 Global Glucaric Acid Market Value, By Application, 2019-2027 (US$ Million)

Table 8 Global Glucaric Acid Market Value, By Region, 2019, 2023 & 2027 (US$ Million)

Table 9 Global Glucaric Acid Market Value, By Region, 2019-2027 (US$ Million)

Table 10             North America Glucaric Acid Market Value, By Product, 2019-2027 (US$ Million)

Table 11              North America Glucaric Acid Market Value, By Application, 2019-2027 (US$ Million)

Table 12              North America Glucaric Acid Market Value, By Country, 2019-2027 (US$ Million)

Table 13              South America Glucaric Acid Market Value, By Product, 2019-2027 (US$ Million)

Table 14              South America Glucaric Acid Market Value, By Application, 2019-2027 (US$ Million)

Table 15              South America Glucaric Acid Market Value, By Country, 2019-2027 (US$ Million)

Table 16              Europe Glucaric Acid Market Value, By Product, 2019-2027 (US$ Million)

Table 17              Europe Glucaric Acid Market Value, By Application, 2019-2027 (US$ Million)

Table 18             Europe Glucaric Acid Market Value, By Country, 2019-2027 (US$ Million)

Table 19              Asia-Pacific Glucaric Acid Market Value, By Product, 2019-2027 (US$ Million)

Table 20             Asia-Pacific Glucaric Acid Market Value, By Application, 2019-2027 (US$ Million)

Table 21              Asia-Pacific Glucaric Acid Market Value, By Country, 2019-2027 (US$ Million)

Table 22             Middle East & Africa Glucaric Acid Market Value, By Product, 2019-2027 (US$ Million)

Table 23             Middle East & Africa Glucaric Acid Market Value, By Application, 2019-2027 (US$ Million)

Table 24             Chemo India Formulation Pvt. Ltd: Overview

Table 25             Chemo India Formulation Pvt. Ltd: Product Portfolio

Table 26             Chemo India Formulation Pvt. Ltd: Key Developments

Table 27             Alfa chemistry: Overview

Table 28             Alfa chemistry: Product Portfolio

Table 29             Alfa Chemistry: Key Developments

Table 30             Kalion Inc: Overview

Table 31              Kalion Inc: Product Portfolio

Table 32             Kalion Inc: Key Developments

Table 33             Haihang Industry: Overview

Table 34             Haihang Industry: Product Portfolio

Table 35             Haihang Industry: Key Developments

Table 36             Cayman Chemical: Overview

Table 37             Cayman Chemical: Product Portfolio

Table 38             Cayman Chemical: Key Developments

Table 39             Rennovia Inc: Overview

Table 40             Rennovia Inc: Product Portfolio

Table 41              Rennovia Inc: Key Developments

Table 42             Shanghai Meicheng Chemical Co. Ltd: Overview

Table 43             Shanghai Meicheng Chemical Co. Ltd: Product Portfolio

Table 44             Shanghai Meicheng Chemical Co. Ltd: Key Developments

Table 45             Merck kGaA: Overview

Table 46             Merck kGaA: Product Portfolio

Table 47             Merck kGaA: Key Developments

Table 48             A.K. scientific Inc: Overview

Table 49             A.K. scientific Inc: Product Portfolio

Table 50             A.K. scientific Inc: Key Developments

Table 51              Carbosynth Limited: Overview

Table 52             Carbosynth Limited: Product Portfolio

Table 53             Carbosynth Limited: Key Developments

List of Figures

Figure 01            Global Glucaric Acid Market Share, By Product, 2019 & 2027 (%)

Figure 02           Global Glucaric Acid Market Share, By Application, 2019 & 2027 (%)

Figure 03           Global Glucaric Acid Market Share, By Region, 2019 & 2027 (%)

Figure 04           Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 05           Global Glucaric Acid Market Y-o-Y Growth, By Product, 2019-2027 (%)

Figure 06           Pure Glucaric Acid: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 07           Potassium Sodium D-Glucarate: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 08           Calcium D-Glucarte: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 09           D-glucaric Acid: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 10            1,4 Lactone: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

 

Figure 11            Others: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 12            Global Glucaric Acid Market Y-o-Y Growth, By Application, 2019-2027 (%)

Figure 13            Detergents: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 14            Food Ingredients: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 15            De-icing Application: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 16            Health Supplement: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 17            Corrosion Inhibitor: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 18            Others: Global Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 19            Global Glucaric Acid Market Y-o-Y Growth, By Region, 2019-2027 (%)

Figure 20           North America Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 21            North America Glucaric Acid Market Share, By Product, 2019 & 2027 (%)

Figure 22           North America Glucaric Acid Market Share, By Application, 2019 & 2027 (%)

Figure 23           North America Glucaric Acid Market Share, By Country, 2019 & 2027 (%)

Figure 24           South America Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 25           South America Glucaric Acid Market Share, By Product, 2019 & 2027 (%)

Figure 26           South America Glucaric Acid Market Share, By Application, 2019 & 2027 (%)

Figure 27            South America Glucaric Acid Market Share, By Country, 2019 & 2027 (%)

Figure 28           Europe Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 29           Europe Glucaric Acid Market Share, By Product, 2019 & 2027 (%)

Figure 30           Europe Glucaric Acid Market Share, By Application, 2019 & 2027 (%)

Figure 31            Europe Glucaric Acid Market Share, By Country, 2019 & 2027 (%)

Figure 32           Asia-Pacific Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 33           Asia-Pacific Glucaric Acid Market Share, By Product, 2019 & 2027 (%)

Figure 34           Asia-Pacific Glucaric Acid Market Share, By Application, 2019 & 2027 (%)

Figure 35           Asia-Pacific Glucaric Acid Market Share, By Country, 2019 & 2027 (%)

Figure 36           Middle East & Africa Glucaric Acid Market Value, 2019-2027 (US$ Million)

Figure 37            Middle East & Africa Glucaric Acid Market Share, By Product, 2019 & 2027 (%)

Figure 38           Middle East & Africa Glucaric Acid Market Share, By Application, 2019 & 2027 (%)

Figure 39           Chemo India Formulation Pvt. Ltd.: Financials

Figure 40           Alfa chemistry: Financials

Figure 41            Kalion Inc: Financials

Figure 42           Haihang Industry: Financials

Figure 43           Cayman Chemical: Financials

Figure 44           Rennovia Inc: Financials

Figure 45           Shanghai Meicheng Chemical Co. Ltd: Financials

Figure 46           Merck kGaA: Financials

Figure 47            A.K. scientific Inc: Financials

Figure 48           Carbosynth Limited: Financials

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