Glucaric Acid Market Deep Research Analysis by 2027
Increasing liquid detergent industry is giving main players operating a massive business opportunity is aiding in driving the demand for the market.
Glucaric Acid Market Size – USD 800.3 Million
in 2019, Growth - CAGR of 7.5%, Trends – High demand as a phosphate
replacement.
The Global Glucaric
Acid Market is projected to reach USD 1,466.7 million in 2027. A
growing demand is expected to drive the market throughout the forecast period
for this product in the fields of detergents, spreader and food ingredients.
In this case, the ban on the use of phosphates in
detergents has contributed to the rise of glucaric acid in particular, both in
North America and in Europe. It mainly consists of glucose, which is organic
and has no environmental effects.
The pure form or derivative of glucaric acid may
be used. The most widely used product was pure glucaric acid. In addition to
derivatives such as calcium D-glucarate and D-Glucaric acid-1,4-Lactone,
greater effectiveness and easier availability of pure glucaric acid have been
among the main factors that boost its demand.
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Top Companies: Rennovia, Kalion, Chemos, Rivertop, Shanghai Meicheng Chemical Co. Ltd.,
Haihang Industry Co Ltd, AK Scientific Inc., Alfa Chemistry, Cayman Chemical,
and Merck KGaA, among others.
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