(Entertainment-NewsWire.com, November 02, 2018 ) According to the new market research “Glucaric Acid Market by Component (Service, Software), Delivery (Subscription, Ownership), Functionality (Clinical, Administrative, Financial), End User (Clinic, Hospital, Private Practice, Payer), and Region - Global Forecast to 2026", The Glucaric Acid market is expected to reach USD 1,467 million by 2026 from USD 642 million in 2017, at a CAGR of 9.7%.
Glucaric acid is a white crystalline dicarboxylic acid, C6H10O8, which is formed through the oxidation of glucose. Glucaric acid is majorly used in dishwasher detergents. The acid acts as a chelating agent to eliminate the hard-water calcium and magnesium ions to increase the efficiency of detergents. Sodium glucarate is used to replace phosphates in most detergents. Other applications of Glucaric acid include food manufacturing, healthcare and therapeutic uses in regulating hormones, increasing the immune function and reducing the risks of cancers.
Cayman Chemical Rivertop Renewables Inc. Carbosynth Limited Haihang Industry Co. Ltd. Rennovia Inc Kalion Inc. Alfa Chemistry AK Scientific Inc. Merck KGaA Shanghai Meicheng Chemical Co. Ltd.
The demand for Glucaric acid has increased from various industries such as food, agriculture, and chemicals over the years, driving the growth of the Glucaric acid Market. The growing demand of Glucaric acid for polymer manufacturing, and stringent regulations regarding use of phosphates in detergents has increased the demand for Glucaric acid worldwide. Rising environmental concerns, and the eco-friendly biodegradable nature of Glucaric acid has boosted the growth of the market. The use of Glucaric acid in treatment of certain cancers, and therapeutic effects, along with increasing health consciousness among consumers further promotes the growth of Glucaric acid market.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Glucaric acid Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
The Asia-Pacific Glucaric acid Market generated the highest revenue in 2017 owing to increasing population and growing use in healthcare applications. Increasing use in agriculture and animal feed has increased the sale of glucaric acid in the region.
Competitive Landscape
The global Glucaric acid market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
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