Fairfield Market Research Glucaric Acid Market Size Forecast 2030
Glucaric Acid Market

Glucaric Acid Market

Global Glucaric Acid Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Application Coverage, By Geographic Coverage and By Company)

Published Date: Nov 2023 | Format: | No. of Pages: 178

Industry: Chemicals & Materials | Author Name: Harshad

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FAQ : Glucaric Acid Market

The global glucaric acid market size has been recorded a valuation of US$1.3 Bn in 2022. Through the end of 2030, the market valuation is projected for a staggering rate of growth, approximately 10.5%.

The primary factor projected to drive the revenue growth of this market expansion is the extensive R&D effort being invested in glucaric acid’s scalability and cost-effective attribute.

While North America is a major consumer of glucaric acid due to its applications in the pharmaceutical and food industries, Europe is also a key market, with a focus on sustainable products. The former’s market gains from the health-conscious consumer clustres and increasing R&D investments. The latter’s market benefits from the region’s eco-friendly initiatives. Asian markets on the other hand continue to gain from expanding industrial and pharmaceutical sectors.

Some of the leaders include companies like Chemrez Technologies Inc., Merck KGaA, Jungbunzlauer, Rivertop Renewables, Shandong Baovi Energy Technology Co., Ltd., and Tokyo Chemical Industry Co., Ltd.

Pure glucaric acid remains the most prominent type-wise segment of the market. On the other side, the detergents category will continue to be the leading application area for glucaric acid producers. By region, North America surges ahead of the other regional segments of the global glucaric acid market.
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