Global Glucaric Acid Market 2017-2021
About Glucaric Acid
Glucaric acid is an organic acid that is formed by the oxidation of sugar, such as glucose, with nitric acid. It occurs naturally in various fruits such as orange, apple, and grapefruit, and vegetables such as cabbage and broccoli. In addition, tomatoes constitute a large amount of glucaric acid. Glucaric acid is also known as saccharic acid or D-glucaric acid. It is a biodegradable and non-toxic chemical. Glucaric acid is used in various applications such as detergents, food ingredients, corrosion inhibitors, de-icers, and medication. Glucaric acid is majorly used as detergents as it is free from toxic chemicals.
Technavio’s analysts forecast the global glucaric acid market to grow at a CAGR of 10.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global glucaric acid market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Glucaric Acid Market 2017-2021
Technavio recognizes the following companies as the key players in the global glucaric acid market: HAIHANG INDUSTRY, Kalion, RENNOVIA, and Rivertop Renewables
Other Prominent Vendors in the market are: Aadhunik Industries, AK Scientific, Alfa Chemistry, Anmol Chemicals, Carbosynth, Cayman Chemical, and Merck.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Eco-friendly renewable chemical. The striking property of glucaric acid and its related polymers, is that they are made from the naturally occurring glucose, one of the most abundantly available and eco-friendly resources. Detergents that are made using glucaric acid, are non-toxic for aquatic animals such as fish as they do not produce any chemical residue. Glucaric acid is used as a bio-detergent; it works as a biodegradable chelating agent in detergents.”
According to the report, one of the major drivers for this market is Growing demand for derivatives of D-glucaric acid in cancer treatment. A derivative of glucaric acid, D-glucaric acid-1,4-lactone is used in the treatment of different types of cancer such as prostate and breast cancer. D-glucaric acid, a naturally occurring chemical is produced in humans in a small quantity. It detoxifies and eliminates certain metabolic waste products and environment-hazardous compounds completely. D-glucaric occurs as a non-toxic natural compound in various fruits and vegetables.
Further, the report states that one of the major factors hindering the growth of this market is High cost of production and less productivity. Although the synthesis of glucaric acid from glucose and nitric acid involves a single-step production process, the cost of production is very high. The process requires superior technology to obtain a higher yield of glucaric acid without releasing much industrial waste. The sufficient availability of glucose-producing crops like sugarcane, sugar beets, and corn sugar, enables the selection of good-quality raw materials to yield more glucaric acid that becomes a challenging factor for manufacturers. Since nitric acid, one of the primary raw materials used in the process, is expensive, manufacturers are required to spend more amount to obtain high-quality nitric acid.
HAIHANG INDUSTRY, Kalion, RENNOVIA, Rivertop Renewables, Aadhunik Industries, AK Scientific, Alfa Chemistry, Anmol Chemicals, Carbosynth, Cayman Chemical, and Merck.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook