Glucaric Acid Market Global Scope and Trends Overview by 2025

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. The Global Glucaric Acid Market is expected to reach USD 1.30 billion by 2025, according to a new report by Grand View Research, Inc.

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.

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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.

Market Segmentation of Glucaric Acid Market:

The Global Glucaric Acid Market segmented on the basis of Product, Application, and Region.

By Product:

    Pure glucaric acid
    Calcium D-glucarate
    Potassium sodium D-glucarate
    D-Glucaric acid-1,4-lactone

By Application:

    Food ingredients
    Detergents
    Corrosion inhibitors
    De-icing applications

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Glucaric Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1292

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