Glucaric Acid Market by Type (D-Glucaric Acid, L-Glucaric Acid), Production Method (Bio-Based Production, Chemical Synthesis), Grade, Application - Global Forecast 2024-2030

Glucaric Acid Market by Type (D-Glucaric Acid, L-Glucaric Acid), Production Method (Bio-Based Production, Chemical Synthesis), Grade, Application - Global Forecast 2024-2030

The Glucaric Acid Market size was estimated at USD 960.95 million in 2023 and expected to reach USD 1,045.90 million in 2024, at a CAGR 8.98% to reach USD 1,754.72 million by 2030.

Glucaric acid, also known as saccharic acid, is a naturally occurring substance derived from the oxidation of glucose. This white, crystalline acid is biodegradable and non-toxic, making it an environmentally friendly chemical. It is used in various applications, including detergents, corrosion inhibitors, and biodegradable plastics, as well as in the medical sector for its potential health benefits. Increasing awareness and regulatory pressures regarding environmental sustainability drive the demand for biodegradable and eco-friendly products, bolstering the glucaric acid market. Glucaric acid serves a variety of uses, from industrial cleaning agents to potential roles in health supplements, which expands its application across different sectors. However, the complexity of the manufacturing process of glucaric acid can hamper its widespread use and applications. Moreover, glucaric acid can be sensitive to environmental conditions, and its reactivity with other chemicals might limit its use in some contexts. Investments in R&D initiatives to understand the physical and chemical attributes of glucaric acid can help manufacturers develop ways to improve the safety, performance, and environmental tolerance of glucaric acid. Advances in biotechnological methods have also facilitated more efficient and cost-effective ways of producing glucaric acid, making it more accessible for industrial applications.

Regional Insights



The Americas region, particularly the U.S. and Canada, presents a robust landscape for glucaric acid owing to its environmental benefits in various applications such as detergent builders and food ingredients. There is a high demand for glucaric acid in the health sector due to its potential benefits in dietary supplements. Consumers in this region are willing to invest in higher-cost eco-friendly products if they offer added health or environmental benefits. The region has seen a notable number of patents related to glucaric acid, particularly for its use in health supplements and biodegradable detergents. In the EU, strict environmental regulations drive the demand for glucaric acid, primarily in eco-friendly detergents and biodegradable plastics. European customers are highly environmentally conscious and show a strong preference for bio-based products. Several EU countries are participating in research initiatives aimed at enhancing the sustainability profile of industrial chemicals. In the Middle East and Africa, there is potential for the use of glucaric acid in water treatment and industrial applications owing to infrastructural developments. In the APAC region, the demand for glucaric acid is mainly driven by its applications in detergent formulations, water treatment, and corrosion inhibitors. The growing environmental concerns and stringent regulations are pushing industries towards eco-friendly products, fostering a significant demand for glucaric acid. Customers in this region are price-sensitive, and there is a strong preference for local manufacturing to reduce costs.

Market Insights



Market Dynamics



The market dynamics represent an ever-changing landscape of the Glucaric Acid Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers


Rising usage of glucaric acid as greener cleaning and detergent product
Consumer preference for bio-based chemicals across cosmetic industry
Adoption of glucaric acid in food processing sector

Market Restraints


Complex and specialized production processes

Market Opportunities


Research activities regarding new applications and properties of glucaric acid
Advancements in processing and packaging of glucaric acid

Market Challenges


Strict regulatory approval procedures and availability of alternatives

Market Segmentation Analysis


Type: Preference for D-glucaric acid owing to its potential in versatile applications and use cases
Application: Adoption of glucaric acid in detergents and cleaning products sector to comply with environmental regulations

Market Disruption Analysis


Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix



The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glucaric Acid Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis



The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glucaric Acid Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments




Federal Initiative Supports Revolutionary Bioindustrial Manufacturing Projects in the U.S.

BioMADE, under the U.S. Department of Defense, announced plans to allocate USD 5.8 million in federal funding to 16 pioneering projects, with a supplementary USD 6.3 million from non-federal sources to enhance America’s bio-industrial manufacturing capabilities. The projects also include investment to enhance glucaric acid production by advancing continuous fermentation technology.


Solugen's Strategic Expansion in Biobased Chemical Production Amid Growing Market Demand

Solugen unveiled plans to augment its production capabilities by constructing a new facility adjacent to an ADM complex in Marshall, Minnesota. This strategic location aims to facilitate directly utilizing locally produced dextrose as a feedstock, enhancing Solugen's production efficiency. The innovative process employed by Solugen at this plant generates hydrogen peroxide and yields valuable organic acids such as glucaric and gluconic acid.

Strategy Analysis & Recommendation



The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glucaric Acid Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles



The report delves into recent significant developments in the Glucaric Acid Market, highlighting leading vendors and their innovative profiles. These include AK Scientific Inc., Alfa Chemistry, Amerigo Scientific, Biosynth Ltd., BOC Sciences, Cayman Chemical Company, CHEMOS GmbH & Co. KG, Dayang Chem (Hangzhou) Co.,Ltd., Douglas Laboratories, Fooding Group Limited, Haihang Indutry Co., Ltd., Hefei TNJ Chemical Industry Co.,Ltd., Jungbunzlauer Suisse AG, Kalion, Inc., LGC Limited, Merck KGaA, Novonesis Group, PMP Fermentation Products, Inc., R-Biopharm AG, Rivertop Renewables, Inc., Roquette Freres, Shandong Baisheng Biotechnology Co., Ltd., Spectrum Laboratory Products, Inc., The Archer Daniels Midland Company, Thermo Fisher Scientific Inc., and Tokyo Chemical Industry.

Market Segmentation & Coverage



This research report categorizes the Glucaric Acid Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
D-Glucaric Acid
L-Glucaric Acid
Production Method
Bio-Based Production
Chemical Synthesis
Grade
High Purity Glucaric Acid
Technical Grade
Application
Corrosion Inhibitors
Detergents & Cleaning Products
Food & Beverage
Pharmaceutical Intermediates
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year