Global Glutaric Acid demand is anticipated to be valued at USD 5.3 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at USD 8.63 Billion from 2022 to 2032. The glutaric acid market report examines the current growth, which is being driven by an increase in the number of applications from various end-use industries such as healthcare, personal care, cosmetics, and others.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 5 Billion |
| Expected Market Value (2022) | USD 5.3 Billion |
| Anticipated Forecast Value (2032) | USD 8.63 Billion |
| Projected Growth Rate (2022 to 2032) | 5% CAGR |
Glutaric acid is an alpha, omega-dicarboxylic acid and an organic compound. Glutaric acid is a linear dicarboxylic acid that is related to compounds like succinic acid and adipic acid. Pentanedioic acid is another name for glutaric acid. Glutaric acid has the chemical formula C3H6 (COOH) 2. Glutaric acid is commonly found as colorless crystals. Glutaric acid has a molecular weight of 132.115 g/mol and a boiling point of 579 degrees Fahrenheit.
Glutaric acid is partially soluble in water and produces a moderately strong acid when mixed with it. Glutaric acid is a metabolite that is naturally produced in the human body during the metabolism of amino acids such as tryptophan and lysine.
Excess Glutaric acid in the body, on the other hand, can have negative effects on human health, including disease such as metabolic acidosis. Various methods are used to synthesize glutaric acid for industrial applications.
Glutaric acid is produced by hydrolyzing dihydropyran and then oxidizing it. The reaction of potassium or sodium cyanide with 1,3-dibromopropane yields a dinitrile compound, which when hydrolyzed yields glutaric acid.
Human exposure to Glutaric acid in its most common form can occur through skin absorption, inhalation, or ingestion, and causes eye and skin irritation. Glutaric acid, on the other hand, is not classified as a toxic or hazardous compound.
Glutaric acid is used in the production of 1,5-Pentanedio, a widely used plasticizing additive that also serves as a precursor to polyester. Glutaric acid is also used in the manufacture of polymers such as polyamides and polyester polyols.
Furthermore, glutaric acid is used in the manufacture of uvitonic acid.
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Presently, Glutaric Acid is used as a chemical intermediate to manufacture Polymer materials are in high demand across all end-use industries.
Polyamide-based products are increasingly being used in industries such as automotive, clothing and apparel, sports equipment, and so on. Because of their strength, stress resistance, and flexibility, polyester polyols-based coating and adhesive products are in high demand.
Glutaric acid's use in the production of such critical polymer materials is certain to drive its market growth in the future. Furthermore, glutaric acid is used as an ingredient in the production of surfactants.
Glutaric acid is used in the production of pharmaceutical products and as an ingredient in some dietary supplements in the healthcare sector.
With increasing lifestyle diseases, changing work patterns, and extreme weather conditions due to climate change, there is an increase in demand for pharmaceutical products across all regional markets.
As a result, the demand from the healthcare sector is regarded as another significant growth driver for the Glutaric acid market.
Inflammation issues, combined with high product consumption, will likely cause health issues, acting as a market restraint factor for glutaric acid growth in the projected timeframe.
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During the forecast period, Asia Pacific is expected to maintain its position. Key industries such as pharmaceuticals, food and beverage, personal care and cosmetics, and others have seen exponential growth in the region.
This can be attributed to rising healthcare spending by governments in emerging economies such as China and India, as well as rising demand for affordable medicines for the general public.
The growing chemical industry in Asia Pacific as a result of rapid industrialization, combined with the abundance of raw materials such as palm oil, is expected to have a positive impact on the global glutaric acid market over the forecast period.
According to Future Market Insights, Europe accounted for a sizable portion of global revenue due to high product consumption in cosmetic applications, particularly in Germany and the United Kingdom.
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Some of the key participants present in the global Glutaric Acid market include E I du Pont de Nemours & Co, Liaoyang Hengye Chemical Co., Ltd., Charkit Chemical, Kowa India Pvt.Ltd, The Chemical Company, Penta International, TCI AMERICA, Santa Cruz Biotechnology, Carbosynth and BOC Sciences among others.
Attributed to the presence of such high number of participants, the market is highly competitive.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Grade, End Use Industry, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; CIS & Russia; Asia Pacific; Japan; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | E I du Pont de Nemours & Co; Liaoyang Hengye Chemical Co., Ltd.; Charkit Chemical; Kowa India Pvt.Ltd; The Chemical Company; Penta International; TCI AMERICA; Santa Cruz Biotechnology; Carbosynth and BOC Sciences |
| Customization | Available Upon Request |
FMI projects the global Glutaric Acid market to expand at a 5% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic Glutaric Acid market.
E I du Pont de Nemours & Co, Liaoyang Hengye Chemical Co., Ltd. and Charkit Chemical, are some prominent Glutaric Acid manufacturers
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Grade 6.2. End Use Industry 7. Global Market Analysis and Forecast, By Product Grade 7.1. Industrial Grade 7.2. Reagent Grade 8. Global Market Analysis and Forecast, By End Use Industry 8.1. Glutaric Acid for Chemicals 8.2. Glutaric Acid for Cosmetics & Personal Care 8.3. Glutaric Acid for Healthcare 8.4. Glutaric Acid for Other End Use Industries 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. CIS & Russia 9.6. Asia Pacific 9.7. Japan 9.8. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. CIS & Russia Sales Analysis and Forecast, by Key Segments and Countries 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Japan Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Product Grade and End Use Industry for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. E I du Pont de Nemours & Co 20.2. Liaoyang Hengye Chemical Co., Ltd. 20.3. Charkit Chemical 20.4. Kowa India Pvt.Ltd 20.5. The Chemical Company 20.6. Penta International 20.7. TCI AMERICA 20.8. Santa Cruz Biotechnology 20.9. Carbosynth and BOC Sciences
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Glutaric Acid Market
