Gluconic Acid Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020-2028
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Gluconic Acid Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020-2028
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Newark, NJ, May 04, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the
global gluconic acid market is expected to grow from USD 1 billion in 2020 and to reach USD 1.9 billion by 2028, growing at a CAGR of 5% during the forecast period 2021-2028.
The gluconic acid market is witnessing significant growth form the past years. This growth is attributed to increase product demand of household detergents, industrial cleaners, personal care products and agricultural chemical industries. The various advanced products in the market, such as textile dyeing, metal surface water treatment, printing and others, will propel the gluconic acid market. The growing adoption of calcium gluconate have wide application in pharmaceutical industry which will also influence the market.