Market Size of Glucaric Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.13 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glucaric Acid Market Analysis
The global glucaric acid market is projected to grow at a CAGR of 8.13% during the forecast period (2020-2025).
- Glucaric acid, which is formed by oxidizing glucose, has been recognized by the US Department of Energy as one of the most important building blocks chemicals that can be converted into several high values, bio-based chemicals. This factor is expected to propel the growth of the global glucaric acid marketover the forecast period.
- The companies involved in the production of glucaric acid are applying proven science to renewable resources, are creating an abundant and far more economical supply of glucarate and its derivatives. Glucaric acid finds potential applications in food, pharmaceuticals and polymer industries which has resulted in robust growth in the glucaric acid market during the forecast period.
