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)

Description

The global glucaric acid market is poised for significant growth, with a projected market size of approximately US$2.6 billion by 2030, compared to US$1.3 billion recorded in 2022. The market is expected to grow at a solid CAGR of 10.5% during the forecast period from 2023 to 2030.

Key Drivers of Market Growth:

Increasing Demand from the Detergent Industry: The key trend driving the growth of the glucaric acid market is the rising demand from the detergent industry. Glucaric acid's eco-friendly properties make it a suitable replacement for harmful chemicals in detergents and cleaning products, aligning with sustainability trends, stringent regulations, and consumer preferences for greener, biodegradable alternatives.

Investment in Research and Development: Increasing investment in research and development (R&D) is fostering innovation in glucaric acid production methods and exploring new applications. R&D efforts aim to enhance scalability, cost-effectiveness, and competitiveness, which drives the adoption of glucaric acid across various industries.

Pure Glucaric Acid Type Dominance: Pure glucaric acid type holds the largest market share due to its versatility, high purity, and suitability for various applications. Established production processes and consistent quality have made it a preferred choice, contributing to its market dominance.

Detergent Applications Leading: Detergent applications represent the largest market share in the glucaric acid market. Consumer demand for eco-friendly and sustainable cleaning products is driving the adoption of glucaric acid in detergents. Its effectiveness and compliance with stringent environmental regulations make it a preferred choice in the detergent industry.

North America Leading the Market: North America dominates the glucaric acid market, driven by its strong emphasis on sustainability, strict environmental regulations, and well-established pharmaceutical and detergent industries. Consumer awareness and regulatory compliance contribute to North America's market leadership.

Challenges:

High Initial Capital and Labor Costs: The glucaric acid market faces challenges related to high initial capital and labor costs. Establishing production facilities and implementing eco-friendly production methods require significant upfront investments. Skilled labor is essential for efficient and sustainable production, which can increase operational costs.

Regulatory Compliance: Regulatory compliance poses challenges in the glucaric acid market, as stringent environmental and safety regulations govern chemical manufacturing. Meeting these requirements necessitates substantial investments in research, production, and documentation. Regulatory frameworks can vary by region and may change over time, adding complexity and uncertainty.

Key Trends and Opportunities to Look at:

Biotechnology and Fermentation: Biotechnology and fermentation technology play a pivotal role in the glucaric acid market. These advanced methods enable more efficient, eco-friendly, and cost-effective production processes. Microbial fermentation and biocatalysts are utilized to reduce environmental impact, increase yields, and drive sustainable growth in various industries, including pharmaceuticals and detergents.

Green Chemistry: Green chemistry technology is revolutionizing the glucaric acid market by promoting environmentally friendly and sustainable production methods. It involves designing efficient, non-toxic, and eco-compatible chemical processes for glucaric acid synthesis. Green chemistry minimizes waste, reduces hazardous materials, and conserves resources, enhancing the environmental friendliness and competitiveness of glucaric acid.

Biocatalysis: Biocatalysis technology is gaining prominence in the glucaric acid market as it offers an environmentally friendly and efficient route for synthesis. Enzymes and microorganisms serve as biocatalysts to facilitate glucaric acid production, reducing the need for harsh chemicals and energy-intensive processes. This sustainable approach aligns with green chemistry principles and contributes to the growth of the market by providing a cleaner and more sustainable production method for glucaric acid.

Competitive Landscape:

The global glucaric acid market is consolidated, with a few major players operating globally. Key players are introducing new products and expanding distribution channels to enhance their global presence. The market is expected to witness further consolidation in the coming years.

Key Market Leaders:

Rivertop Renewables

Chemrez Technologies Inc.

Jungbunzlauer

Haihang Industry Co., Ltd.

Merck KGaA

Santa Cruz Biotechnology, Inc.

Shandong Baovi Energy Technology Co., Ltd.

Parchem Fine & Specialty Chemicals

Tokyo Chemical Industry Co., Ltd.

Innospec Inc.

Jigs Chemical

1. Executive Summary

1.1. Global Glucaric Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Glucaric Acid Market Outlook, 2018 - 2030

3.1. Global Glucaric Acid Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Pure Glucaric Acid
  - 3.1.1.2. Calcium-D-Glucarate
  - 3.1.1.3. Potassium Sodium-D-Glucarate
  - 3.1.1.4. D-glucaro-1, 4-lactone
  - 3.1.1.5. Others
3.2. Global Glucaric Acid Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Detergents
  - 3.2.1.2. Pharmaceuticals
  - 3.2.1.3. Food Manufacturing
  - 3.2.1.4. Corrosion Inhibitors
  - 3.2.1.5. Others
3.3. Global Glucaric Acid Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Glucaric Acid Market Outlook, 2018 - 2030

4.1. North America Glucaric Acid Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Pure Glucaric Acid
  - 4.1.1.2. Calcium-D- glucarate
  - 4.1.1.3. Potassium Sodium-D- glucarate
  - 4.1.1.4. D-glucaro-1, 4-lactone
  - 4.1.1.5. Others
4.2. North America Glucaric Acid Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Detergents
  - 4.2.1.2. Pharmaceuticals
  - 4.2.1.3. Food Manufacturing
  - 4.2.1.4. Corrosion Inhibitors
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Glucaric Acid Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 4.3.1.2. U.S. Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 4.3.1.3. Canada Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 4.3.1.4. Canada Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Glucaric Acid Market Outlook, 2018 - 2030

5.1. Europe Glucaric Acid Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Pure Glucaric Acid
  - 5.1.1.2. Calcium-D-Glucarate
  - 5.1.1.3. Potassium Sodium-D-Glucarate
  - 5.1.1.4. D-glucaro-1, 4-lactone
  - 5.1.1.5. Others
5.2. Europe Glucaric Acid Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Detergents
  - 5.2.1.2. Pharmaceuticals
  - 5.2.1.3. Food Manufacturing
  - 5.2.1.4. Corrosion Inhibitors
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Glucaric Acid Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.2. Germany Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.3. U.K. Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.4. U.K. Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.5. France Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.6. France Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.7. Italy Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.8. Italy Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.9. Turkey Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.10. Turkey Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.11. Russia Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.12. Russia Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Glucaric Acid Market Outlook, 2018 - 2030

6.1. Asia Pacific Glucaric Acid Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Pure Glucaric Acid
  - 6.1.1.2. Calcium-D-Glucarate
  - 6.1.1.3. Potassium Sodium-D-Glucarate
  - 6.1.1.4. D-glucaro-1, 4-lactone
  - 6.1.1.5. Others
6.2. Asia Pacific Glucaric Acid Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Detergents
  - 6.2.1.2. Pharmaceuticals
  - 6.2.1.3. Food Manufacturing
  - 6.2.1.4. Corrosion Inhibitors
  - 6.2.1.5. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Glucaric Acid Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.2. China Glucaric Acid Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.3. Japan Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.4. Japan Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.5. South Korea Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.6. South Korea Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.7. India Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.8. India Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.9. Southeast Asia Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.10. Southeast Asia Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 6.3.1.11. Rest of Asia Pacific Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 6.3.1.12. Rest of Asia Pacific Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Glucaric Acid Market Outlook, 2018 - 2030

7.1. Latin America Glucaric Acid Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Pure Glucaric Acid
  - 7.1.1.2. Calcium-D- Glucarate
  - 7.1.1.3. Potassium Sodium-D-Glucarate
  - 7.1.1.4. D-glucaro-1, 4-lactone
  - 7.1.1.5. Others
7.2. Latin America Glucaric Acid Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Detergents
  - 7.2.1.2. Pharmaceuticals
  - 7.2.1.3. Food Manufacturing
  - 7.2.1.4. Corrosion Inhibitors
  - 7.2.1.5. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Glucaric Acid Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.2. Brazil Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.3. Mexico Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.4. Mexico Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.5. Argentina Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.6. Argentina Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Glucaric Acid Market Outlook, 2018 - 2030

8.1. Middle East & Africa Glucaric Acid Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Pure Glucaric Acid
  - 8.1.1.2. Calcium-D-Glucarate
  - 8.1.1.3. Potassium Sodium-D-Glucarate
  - 8.1.1.4. D-glucaro-1, 4-lactone
  - 8.1.1.5. Others
8.2. Middle East & Africa Glucaric Acid Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Detergents
  - 8.2.1.2. Pharmaceuticals
  - 8.2.1.3. Food Manufacturing
  - 8.2.1.4. Corrosion Inhibitors
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Glucaric Acid Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.2. GCC Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.3. South Africa Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.4. South Africa Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.5. Egypt Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.6. Egypt Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.7. Nigeria Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.8. Nigeria Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Glucaric Acid Market, by Type, Value (US$ Bn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Glucaric Acid Market, by Application, Value (US$ Bn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs Application Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Rivertop Renewables
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Chemrez Technologies Inc.
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Jungbunzlauer Suisse AG
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Haihang Industry Co., Ltd.
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Merck KGaA
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. Logos
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Santa Cruz Biotechnology, Inc.
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Yifan Biotechnology Group Co., Ltd.
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Anhui Huailong Biochem Co., Ltd.
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Shandong Baovi Energy Technology Co., Ltd.
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Haihang Industry Co., Ltd.
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Parchem Fine & Specialty Chemicals
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Tokyo Chemical Industry Co., Ltd.
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Innospec Inc.
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development
- 9.4.15. Jigs Chemical
  - 9.4.15.1. Company Overview
  - 9.4.15.2. Product Portfolio
  - 9.4.15.3. Financial Overview
  - 9.4.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations