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Glucaric acid is resultant of reaction of oxidizing sugar like glucose with nitric acid. Categorized as green chemical/ renewable chemical, glucaric acid has its applications in foods, agriculture, chemicals, pharmaceuticals etc. They are used as detergent manufacturing and in water treatments process. Ingesting food rich D-glucaric acid with other chemo preventive agents can help in the cure of cancer. Extensively used chemicals like phosphate and other chemicals used in building construction are set to be substituted with naturally occurring glucaric acid for its anti-corrosive property.
The global glucaric acid market is expected to grow at CAGR of 9.3% during period of 2016-2023. Volatile crude oil and petrochemical prices and advancement in manufacturing process are some of the drivers of the global glucaric acid market. The continuous change in supply and demand of oil is likely to bring volatility in oil price. Chemical companies are trying inculcating management changes which can monitor and take right action to minimize threats in business due to the price volatility in crude oil and petrochemical prices. The prices of oil and petrochemicals remain unstable due to political and social disruptions. For chemical industry, it is the change in oil and petrochemical price over the medium term can upset overall production, which then needs constant changes. Cost structure, demand pattern and price setting mechanisms are the three main factors affecting by volatility for a chemical company. New product applications and single step production from abundant raw material glucose are the some of the opportunities in the global glucaric acid market for the forecast period. Competitive market, labor costs are the restraints in the global glucaric acid market. Expensive manufacturing process is one the major challenges in the global glucaric acid market for the forecast period.
Source: OBRC Analysis
The global glucaric acid market is segmented into types and applications. On the basis of type segment, the market is further sub segmented into:
On the basis of application, the market is further sub segmented into:
The revenue for the above application segments are specific to the global glucaric acid market. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up type segment.
Geographically, the global glucaric acid market has been segmented on the basis of four major region, which include:
North America is the leading market for glucaric acid. Increasing applications, need for shifting from petrochemicals to greener alternatives is set to propel glucaric acid market in North America and Europe. Asia Pacific is the fastest growing glucaric acid market for the forecast period. Countries like India, Malaysia and China are going to be the key consumer markets in the region. Electronic industry in countries like Japan, China and South Korea is set to drive glucaric acid due to demand from stimulated coatings. Large scale availability of sugar, cheap labor and growing industrial demand are the factors set to drive glucaric acid market in Asia Pacific.
On the basis of type segment the market is further segmented into Gluconic Acid, Glucono Delta Lactone, Sodium Salt of Gluconic Acid, Calcium Salt of Gluconic Acid, and Others (Iron, Copper, Zinc and Potassium). Gluconic acid is an organic compound formed by the oxidation of glucose. Found naturally in fruit, honey and wine. Gluconic Acid is used as an acidity regulator and a food additive (E574). Glucono Delta Lactone, is used as a food additive number E575, also used for curing and pickling. Glucono Delta Lactone is commonly found in wine, fruit juices, and honey. Sodium Salt of Gluconic acid, also called as sodium gluconate is known for E number E576. It is used in textile dyeing, printing, and metal surface water treatment. By Applications the market is further classified into food, pharmaceuticals, chemicals, agriculture, and others. On the basis of application segment, global glucaric acid market is further categorized in to food, pharmaceuticals, chemicals, agriculture and others. The detergents segment is expected to account the largest market share due to rising demand of biodegradable cleaners.
The major market players of the global glucaric acid market are:
Detailed analysis of these companies provided in this report comprises Overview, SCOT Analysis, Product Portfolio, Strategic Initiative and Strategic Analysis.
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launching. Example a biotechnology start up Kalion partnered with Warner Babcock Institute of Green Chemistry to develop renewable chemicals based on glucaric acid, the joint venture was announced on 14th March 2016. US Based Company Rivertop Renewables, Sodium Glycate compound, produced through oxidation technology, has been lists in US Environmental Protection Agency’s Safer Chemicals Ingredients List on 3rd October 2016.
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At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global glucaric acid market offers the longest chain of market segmentation covering major market segmentation based on application and type. The report tracks the major market trends in the global glucaric acid market such as ban on the use of phosphates, demand of biodegradable cleaners and so on. For each market segments covered in global glucaric acid market report, we provide opportunity matrix, and DRO analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the glucaric acid industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key Findings of the global glucaric acid market: