New York
City, 21 January 2019: The Report
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.
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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.
Competitive Landscape and Key Vendors:
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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