Glucaric Acid Market Size By Application (Detergent, Food, Corrosion Inhibitors, De-Icing), By Downstream Potential (Potassium Sodium Glucaric Acid, Calcium D Glucarate, D Glucaric Acid-1, 4-Lactone ), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Australia, Thailand, Indonesia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024
Published Date: October 2018 | 230 Pages | Report ID: GMI2974 Report Format: PDF
Glucaric Acid Market size was over USD 195 million in 2017 and industry expects consumption of above 140 kilo tons by 2024.
U.S. Glucaric Acid Market Size, By Application, 2017 & 2024, (Kilo Tons)
Increasing consumer inclination for bio-based products owing to their biodegradable and non-toxic nature along with enhancing product quality would propel glucaric acid market size. The product is also known and marketed by the name of saccharic acid. High demand for premium organic and multifunctional components has led to incorporation of advanced ingredient which may favour overall market growth. Growing environmental awareness is boosting sales for organic product, thereby driving saccharic acid industry growth.
Global detergent market is projected to exceed USD 205 billion by 2024, due to rising consumer disposable income and inclination to purchase quality products. The product is widely used in detergents owing to their production from renewable sources substituting phosphate from the process. Household segment is anticipated to lead industry over the forecast period. Rising penetration of automatic machines is expected to drive glucaric acid market growth over the predicted period.
Saccharic acid blocks the deposition of dirt and limescale on dishes and is utilized to substitute phosphate-based detergents which are currently being phased out owing to environmental concerns. The product can also be used in corrosion inhibitors and food ingredients which is likely to propel product demand in the forecast timeframe.
Increasing utilization of natural products in the manufacturing of food ingredients, detergents and corrosion inhibitors is expected to boost glucaric acid market demand. Changing purchasing patterns for chemical-free ingredients owing to their eco-friendly nature and technological advancements may drive saccharic acid demand in the estimated time period.
Global food ingredient industry size is likely to exceed USD 400 billion by 2022. Saccharic acid is often utilized as a component in nutraceutical supplements. Supplementing D-glucaric acid in human body through intake may eliminate harmful toxins, inhibit the growth of cancer cells, carcinogens, and ameliorate serum female hormone levels, thus propelling product demand.
Glucaric acid downstream potential includes potassium sodium glucaric acid, D-glucaric acid, and calcium D-glucarate which can be utilized as chelating agents. The product is unaffected to oxidation and reduction even at high temperatures. They are used as anti-plasticizer and additive that adds firmness & toughness to the resin and enhanced PVA fibres which finds application in production of biofriendly products including fibres, polymers, paints and diapers, which may drive saccharic acid industry growth.
Robust R&D supported with government initiatives for safe ingredients to encourage the utilization of organic and bio-based products has stimulated heavy investments on technology innovation. Acceptance of organic components to decrease contamination, increase in quality, meeting required specification along with stringent controlling standards by EPA, EU and FDA limiting utilization of synthetic constituents may favour glucaric acid industry growth.
Glucaric acid is manufactured from glucose, but technology has not yet been scaled up to industrial level. High cost of organic components may affect product price trends, thus hampering saccharic acid industry profitability. The catalysts required for its commercial production are costly and does not meet economies of scale if not produced in large quantities hence priced on a higher range.
Glucaric Acid Market, By Application
Glucaric acid industry size from de-icing application may surpass 25 kilo tons in forecasted timeframe. The product is used in managing snow and ice on winter roads to minimize environmental impacts while simultaneously economically improving road safety. Use of saccharic acid for road de-icing has increased recently owing to its high operating effectiveness at a lower temperature. These factors may cater towards boosting industry growth.
Glucaric acid market demand from food application may observe significant gains over 9% owing to limiting cancer risk by inhibiting an enzyme beta-glucuronidase. The product helps in detoxification of excessive estrogenic activity in human body and is considered a substitute to tamoxifen by nutritionists. Growing food market globally is likely to contribute towards product demand.
Glucaric Acid Market, By Downstream Potential
4-lactone demand is predicted to exceed USD 40 million by 2024. The product is extensively utilized in food ingredients and detergents owing to its effectiveness and easy availability. Technological advancements in production process with development of techniques which uses combination of organic products will boost glucaric acid demand.
Calcium D-glucarate market size are is projected to show gains of over 9% in forecast timeline. It is used in food as supplements owing to its known positive impacts on liver and potential to avoid diseases including ovarian, colon, and other hormone-dependent cancers.
Glucaric Acid Market, By Region
Asia Pacific led by India, Australia, and Japan glucaric acid market is predicted to surpass USD 165 million in the estimated timeframe owing to availability of raw material and presence of cheap labor. Manufacturers including Rivertop and Rennovia have established manufacturing facilities in China, India, and Taiwan which will fuel regional product demand.
Europe driven by UK, and Germany saccharic acid market demand may witness significant gains up to 7.5% by 2024. Stringent government regulations pertaining to use of phosphates in detergents and harming environment may stimulate product demand in the region.
Brazil saccharic acid market may witness significant gains up to 7.5% in the estimated timeframe owing to increasing awareness for organic products which are nontoxic and mild. The product usage has been initiated & urged by the government to reduce the harmful impacts of phosphate and cost reduction in its waste water treatment which may enhance regional market growth.
Competitive Market Share
Global glucaric acid market share is moderately consolidated and highly competitive with major manufacturers including Kalion Inc., Haihang Industry, Alfa Chemistry, Rivertop, Cayman Chemical, and Rennovia.
Manufacturers are involved in strategic alliances including joint ventures, acquisitions, partnership, licencing, and capacity expansion to adopt innovative technologies with growth in production capacity to cater rising saccharic acid demand. In February 2017, Archer Daniels Midland Company has announced to sign a license agreement with Rennovia U.S. based firm to provide ADM with process technology and catalyst for catalytic production of bio-based saccharic acid.
Glucaric Acid Industry Background
Glucaric acid is derived from natural sources. It is manufactured by oxidation of glucose and nitric acid. The product can be utilized in its pure form or its derivatives including calcium D-glucarate and D-glucaric acid-1. It is used in anti-corrosion additives and has capacity to lower pH in operating conditions to levels suitable for applications in oil and gas development. These factors are likely to propel industry growth.
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