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Glucaric Acid Market to witness phenomenal growth due to its use in food ingredients and detergents

Author : Rahul Sankrityayan | Published Date : 2019-04-03 

Global Glucaric Acid Market report provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the Industry. The report presents a deep study of the market growth factors and drivers.

Growing consumer conscience towards healthy lifestyle is propelling glucaric acid market growth. It is important for human health owing to preserving levels of essential nutrients and producing enzyme. It is also used in detergents, corrosion inhibitors, and de-icing applications. Thus, stimulating product demand.

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The product block deposition of limescale & dust on saucers along with its utilization as a substitute to phosphate detergents, which are being banned owing to ecological concerns. It can also be used as food ingredients, owing to its nontoxic nature, thereby propelling product demand.

Growing utilization of safe chemical in manufacturing of food ingredients and detergents in order to minimize health effects is anticipated to boost glucaric acid demand. Supplementing glucaric acid intake may inhibit cancer growth cells, and enrich female hormone levels, which is anticipated to fuel product demand.

Glucaric acid market from corrosion inhibitors may witness strong gains up to 9% by 2024. It is a significant corrosion inhibitor and can be used in applications where water contacts metallic exteriors often. Producers have found saccharic acid valuable in diverse products from residential cleaning to cooling tower treatment programs thus, escalating industry growth.

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Beneficial government policies supporting utilization of organic chemicals in detergents, food ingredients and deicing agents is likely to encourage product demand. Initiatives from FDA & EU pertaining to use of safe chemicals will develop glucaric acid industry in the projected timeframe.

Rising prices of organic raw material may affect market price trends, hence hindering glucaric acid industry profitability. The catalytic agent essential for its commercial manufacturing are expensive and does not encounter economies of scale if not produced in large scale, hence saccharic acid is high priced.

Germany glucaric acid industry size is anticipated to surpass 11 kilo tons due to its utilization in corrosion inhibitors and food ingredients. It is an influential corrosion inhibitor and can be utilized in applications where water contacts metal surfaces. Manufacturers have found the product valuable in varied products from domestic cleaning to cooling tower treatment programs to concrete mixtures thus, enhancing market growth.

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China glucaric acid market size may witness strong growth of over 9.5% in projected timeline due to increasing soap & detergent and food & beverages industries size which are major end-use sectors for market, thus stimulating regional product demand.

Glucaric acid market is competitive and consolidated with key industry participants including Rennovia, Alfa Chemistry, Haihang Industry, and Kalion Inc. Increasing consumption of organic components has encouraged manufacturers to intensely invest in R&D for making effective products. Companies are investing heavily on product design, innovation, manufacturing phases, and commercialization.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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