Glucaric Acid Market - Global Industry Size, Growth, Analysis, Outlook and Forecast to 2022 : Brisk Insights

According to a recently published report, the global Glucaric Acid Market is growing at a CAGR of 9.1% during 2016-2022. The segmentation of global glucaric acid market is based on type, applications, and regional outlook. The report on global glucaric acid market forecast 2016-2022 (type, applications, and regional outlook) provides detailed overview and predictive analysis of the market.

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The Global Shift in consumer preference towards bio-based products coupled with draining fossil fuel reserves is anticipated to be a key factor boosting the glucaric acid market growth over forecast years. Glucaric acid, a bio-based sugar derivative, holds excessive potential as a building block chemical in the manufacture of fibers, detergents, and coatings. Single step production from abundant and inexpensive glucose availability is anticipated to rise the glucaric acid demand over the forecast period. New product advancements and applications in manufacturing technologies are flaunted to be the other factors that are expected to fuel the market in the next few years. Environmental concerns regarding excessive use of petrochemicals and its rapid depletion is anticipated to increase the demand of global glucaric acid over the next five years.

The major factors propelling the market growth are varied applications in economic biotechnological production process; food and pharmaceutical market; innovation in technology; and, the augmented demand of biodegradable acid. Gluconic acid are easily biodegradable, non-corrosive, nontoxic and non-volatile acid, and owing to these properties its demand in the market is increasing rapidly. Apart from that, other production process of gluconic acid, the biotech fermentation process has proved to be an advantage for manufacturers which has boosted the market growth. Fluctuations in crude oil demand and supply coupled with decrease in the number of...