Global Glucaric Acid Market Growth, Trends and Forecasts (2018-2023): Expected to Grow at a CAGR of 7.1% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Glucaric Acid Market Size - Segmented by Product Type, by Application, by Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global glucaric acid market is expected to grow with a value CAGR of 7.1% over the forecast period (2018-2023).
A large market opportunity has presented itself with the increase in governmental taxes on phosphates in detergents in Europe and more regulations are expected to in the future to fully eradicate the use of phosphates in detergents.
Glucaric acid is being used widely by many major manufacturers as a replacement for phosphates with a great promise in terms of cost, versatility and sustainability. Glucaric acid is produced from renewable energy resources, has a favorable environmental profile, and has a potential for wide spread applications across many markets including the detergent industry. Many companies involved in the manufacturing of gulcaric acid like Rivertop has begun to produce glucarate based products designed as detergent builders.
Glucaric acid's most significant commercial value is the use of its sodium salt in dishwasher detergents. This acid acts as a chelating agent that ties up the hard water calcium and magnesium ions to make the detergents more efficient. Sodium glucarate has recently replaced environmentally problematic phosphates in most detergents.
Detergents likely will be the first major application of glucaric acid as a replacement for phosphates. The target market will be automatic dishwasher detergents for consumers - a multimillion dollar industry.
Since phosphates are now banned from dishwasher detergents and glucaric acid is being prominently used as a substitute in the industry. This is expected to boost the growth of glucaric acid market over the forecast period (2018-2023).
Key Topics Covered
2. Glucaric Acid Market Insights
3. Glucaric Acid Market Dynamics
4. Glucaric Acid Market Segmentation
5. Glucaric Acid Market Regional Analysis
6. Glucaric Acid Market Competitive Landscape
7. Glucaric Acid Market Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5shkkk/global_glucaric'w=4
» Publication Date: 10/10/2018
This project has received funding from the Bio-Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme under grant agreement Nº 745828