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Glutaric Acid Market

Market Insights on Glutaric Acid covering sales outlook, demand forecast & up-to-date key trends

Glutaric Acid Market By Product Grade (Industrial Grade and Reagent Grade), End Use Industry (Chemicals, Cosmetics & Personal Care, Healthcare and Others) & Region - Forecast 2022-2032

Glutaric Acid Market Overview

Global Glutaric Acid demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5% to be valued at US$ 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)

US$ 5 Billion

Expected Market Value (2022)

US$ 5.3 Billion

Anticipated Forecast Value (2032)

US$ 8.63 Billion

Projected Growth Rate (2022-2032)

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.

Which are Some Prominent Drivers Spearheading Glutaric Acid Market Growth?

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.

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What are the Challenges Faced by the Glutaric Acid Industry?

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.

Why is Asia-Pacific emerging as an Opportunistic Glutaric Acid Market?

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.

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How is Europe Contributing to Growth of the Glutaric Acid Market?

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.

Market Competition

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.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

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

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • 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

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Key Segments Profiled in the Glutaric Acid Industry Survey

Product Grade:

  • Industrial Grade Glutaric Acid
  • Reagent Grade Glutaric Acid

End Use Industry:

  • Glutaric Acid for Chemicals
  • Glutaric Acid for Cosmetics & Personal Care
  • Glutaric Acid for Healthcare
  • Glutaric Acid for Other End Use Industries

 Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • CIS & Russia
  • Asia Pacific
  • Japan
  • Middle East & Africa

Frequently Asked Questions

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

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Nikhil Kaitwade
Principal Consultant
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