Global Shift in consumer preference towards bio-based products coupled with depleting fossil fuel reserves is expected to be key driving factor for glucaric acid market growth over the next seven years. Glucaric acid, a bio-based sugar derivative, holds great potential as a building block chemical in the manufacture of detergents, fibers and coatings. Single step production from inexpensive and abundant glucose availability is expected to increase glucaric acid demand over the forecast period. New product applications and advancements in manufacturing technologies are touted to be the other factors that are expected to drive the market over the forecast period. Environmental concerns over petrochemicals use are expected to increase glucaric acid demand over the forecast period.
For further inquiries, about Glucaric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2015 To 2022 click on this link - http://www.grandviewresearch.com/industry-analysis/glucaric-acid-market
Fluctuations in crude oil supply & demand coupled with reduction in the number of operating refineries is anticipated to negatively influence the petrochemical market. Favorable environmental norms & regulations regarding green energy usage has led to industry’s shift towards bio-based chemicals which in turn in expected to propel glucaric acid market. Flourishing electronics industry in countries such as Japan, China and South Korea is expected to stimulate coatings demand in Asia Pacific region which in turn is expected to drive the glucaric acid market over the forecast period. Increasing detergents and fibers demand is expected to increase glucaric acid market in Asia Pacific region .High cost associated with glucaric acid production is expected to act as a challenge for market participants.
For further inquiries, about renewable chemicals market research reports Category - http://www.grandviewresearch.com/industry/renewable-chemicals
Asia Pacific region is anticipated witness higer growth rates owing to large scale availability of sugar. Countries such as China, India and Malaysia are expected to be the key consumer markets for glucaric acid. Rapid industrialization and urbanization in Asia Pacific is expected to increase glucaric acid demand particularly in countries such as China, India and Malaysia. Increasing shift towards greener alternatives is anticipated to propel glucaric acid market in North America and Europe. Sufficient availability of glucose and economic instability are expected to be major challenges expected to affect the demand in the European market over the forecast period.
Browse Ongoing Reports @ http://www.grandviewresearch.com/ongoing-reports
About Grand View Research
Grand View Research, Inc. is a United State of America based market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
Browse All Reports By the Blog - http://www.ni2014.org/