Muconic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The global muconic acid market was worth US$ X Million in 2017. Muconic acid, denoted as COOH, is a chemical compound which occurs naturally and can also be sourced from sorbic acid and its salts. It is a dicarboxylic acid which includes two carboxylic functional groups. The derivative of muconic acid, including adipic acid and caprolactam are used for the production of various products such as PET and other polymers, carpets, textiles, lubricants and plastics which are further employed as primary raw materials in the manufacturing of cans, boxes, plastic bottles and pouches. The bio-production of muconic acid can also be used in the form of a platform for the purpose of producing numerous consumer bio-plastics which include polyurethane, nylon 66 and polyethylene terephthalate.
The textile industry is a major end user of muconic acid and is expected to exhibit a stable growth of around 3%-5% over the next five years driven by rising consumer spending particularly in emerging economies. This is expected to create a positive impact on the global muconic acid market. Additionally, muconic acid is primarily used for the production of plastics which finds its applications for the production of numerous products such as containers, bags, films, etc. Rising demand of packaged products are expected to drive the global plastic packaging industry. Moreover, there has also been a significant growth in the demand for lubricants in several end-use industries including chemical, automobile and manufacturing industries. This is also expected to create a positive impact on the global demand of muconic acid. Looking forward, the market value is projected to reach US$ X Million by 2023, expanding at a CAGR of X% during 2018-2023.
Based on the derivatives, the market has been segmented into adipic acid, caprolactam and others.
Based on the application, the market has been segmented into carpets and textiles, plastics, lubricants and others. Carpets and textiles currently represent the biggest application.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Myriant Corporation, Santa Cruz Biotechnology, Merck, Deinove, Amyris, Sigma-Aldrich Corporation, Dynacare, Thermo Fisher Scientific, Zhongxing Flavors & Fragrance, TCI, Alfa Aesar and Toronto Research Chemicals.
This report provides a deep insight into the global muconic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the muconic acid market in any manner.
Key Questions Answered in This Report:
How has the global muconic acid market performed so far and how will it perform in the coming years?
What are the key regional markets in the global muconic acid industry?
What is the breakup of the global muconic acid market on the basis of derivatives?
What is the breakup of the global muconic acid market on the basis of application?
What are the various stages in the value chain of the global muconic acid market?
What are the key driving factors and challenges in the global muconic acid market?
What is the structure of the global muconic acid market and who are the key players?
What is the degree of competition in the global muconic acid market?
How is muconic acid manufactured?
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