Muconic Acid Industry Analysis Research And Trends Report For 2017-2024

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Muconic Acid Market industry analysis research
and trends report for 2017-2024
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Global Market Scenario of Muconic Acid Market

• Muconic Acid Market size is forecast to exceed
  USD 60 million by 2024 according to a new
  research report by Global Market Insights, Inc.
• Muconic acid market will be primarily driven by
  textile and plastics industry growth in the near
  future. Increasing per capita income of
  consumers, especially in Latin America and Asia
  Pacific, is directly increasing their expenditure
  budget, which implies improved living standards.
• This presents new growth opportunities for
  textile market players, which will directly
  influence muconic acid demand by 2024.
• Plastic industry will be another important growth
  driver for muconic acid market in the forecast
  duration as the product acts as a chemical
  intermediate in production of polymer resins such
  as polyethylene terephthalate (PET), etc. Plastic
  finds variety of end-users such as films, bags,
  containers, etc., which are actively used in
  packaging industry.

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Continue.....
Thus, growing demand for plastic packaging
products from food beverage, electronics and
consumer goods industry, will be positively
influencing product demand during the forecast
timeframe. Muconic acid also finds usage in
lubricants production as viscosity modifier.
Hence, growing demand for lubricants in
end-users such as automobile, chemical and
manufacturing industries will be accelerating
product demand between 2017-2024. In 2016,
adipic acid accounted for largest share in global
muconic acid market due to its extensive usage in
multiple end-user industries. Adipic acid,
produced from hydrogenation of muconic acid, is a
main ingredient in the nylon production. Nylon
is an important fabric in textile due to its
shining texture and smooth feel. Thus, product
demand will be directly proportional to textile
market growth, which is poised to expand at a
significant CAGR in the forecast duration.
Caprolactam is another important derivative of
muconic acid, that is used in nylon production.
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U.S. muconic acid market size, by application,
2013 - 2024 (USD Million)
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360 Analysis
Application Analysis Carpets textile led the
global muconic acid market in 2016 in terms of
volume and value. It is likely to attain a CAGR
of more than 5 during the forecast period. The
product is majorly used for producing adipic
acid, which is widely used in synthesizing nylon.
Nylon is an important fabric of textile industry.
Regional Analysis In 2016, North America led
the global muconic acid market size, in terms
volume and value. Continuously growing automobile
industry with rapid technological changes in
textile industry will complement business growth.
Growing concern among consumers about usage of
bio-based products, shall be a major factor
influencing the popularity of bio-based muconic
acid among manufacturers. Competitive Market
Share Global muconic acid market is moderately
competitive with major players accounting more
than 50 of the market share in 2016. Key players
operating in the business are Myriant
Corporation, Sigma-Aldrich Corporation, Toronto
Research Chemicals, Alfa Aesar, Dynacare, Thermo
Fisher Scientific, Amyris and TCI. The industry
players have multinational presence with a wide
base of distribution network and years of
experience in muconic acid market.

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