The Glucaric Acid Market is
anticipated to reach over USD 1,467 million by 2026 according to a new research
published by Polaris Market Research. In 2017, the detergents segment dominated
the global market, in terms of revenue. Asia-Pacific is expected to be the
leading contributor to the global market revenue during the forecast period.
Increasing application of Glucaric
acid in agriculture, chemical, and food industry supports the growth of the
Glucaric acid Market. Increasing use in polymer manufacturing further promotes
the growth of this market. Glucaric acid is increasingly replacing
phosphates in detergents owing to stringent regulations regarding harmful
environmental effects of phosphates, thereby supporting market growth. Other
factors supporting market growth include increasing awareness regarding
environment, and research and development for advancement. Increasing demand
from developing nations, and growing use in healthcare sector is expected
provide numerous growth opportunities to the market players during the forecast
period.
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Asia-Pacific Glucaric acid Market
generated the highest revenue in 2017, and is expected to lead the global
market throughout the forecast period. The rising use in agriculture and
chemical industries in the region drive the market growth. The increasing
demand of detergents and growing environmental concerns in the region further
support market growth. The increasing demand of glucaric acid for animal feed
and growing demand for healthy livestock is expected to accelerate the adoption
of glucaric acid during the forecast period.
The
well-known companies profiled in the Glucaric acid Market report include Cayman
Chemical, Rivertop Renewables, Inc., Carbosynth Limited, Haihang Industry Co.,
Ltd., Rennovia Inc, Kalion Inc., Alfa Chemistry, AK Scientific Inc., Merck
KGaA, and Shanghai Meicheng Chemical Co. Ltd. among others. These companies
launch new products and collaborate with other market leaders to innovate and
launch new products to meet the increasing needs and requirements of consumers.
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