Quick Summary:
In the dynamic landscape of the global muconic acid market, it's a crucial need for stakeholders to stay updated with the latest trends, opportunities, and challenges. Muconic acid, both a natural chemical compound and derivation from sorbic acid, lies at the heart of numerous industries such as textiles, plastic manufacturing, and lubricants due to its essential role in the creation of products such as PET, polymers, and consumer bioplastics, underscoring its relevance and strategic importance.
In the textile industry, muconic acid is a primary ingredient increasing in demand with the growth of consumer expenditure, especially in emerging markets. Furthermore, with escalating reliance on packaged goods, muconic acid's role in plastic production points towards an upward trend. Not just limited to that, rising demand for lubricants in industries like automobile and chemical manufacturing contribute towards muconic acid's growing global demand.
In this detailed report, gain insightful analysis on trends across the market segments - from derivatives such as adipic acid and caprolactam, to its diverse applications across product categories. Further, get a comprehensive geographical landscape, covering all major regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The report also presents a competitive overview featuring key market players such as Myriant Corporation, Santa Cruz Biotechnology, Merck, and others. This vital industry study is a valuable resource for anyone involved in the global muconic acid market - from entrepreneurs, researchers to business strategists and consultants.
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 moderate growth 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.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global muconic acid market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on derivative and application.Breakup by Derivative:
- Adipic Acid
- Caprolactam
- Others
Breakup by Application:
- Carpets and Textiles
- Plastics
- Lubricants
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
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 industry in any manner.
Key Questions Answered in This Report
1. What was the global muconic acid market size in 2022?2. What will be the global muconic acid market outlook during the forecast period (2023-2028)?
3. What are the major global muconic acid market drivers?
4. What are the major global muconic acid market trends?
5. What is the impact of COVID-19 on the global muconic acid market?
6. What is the global muconic acid market breakup by derivative?
7. What is the global muconic acid market breakup by application?
8. What are the major regional markets in the global muconic acid industry?
9. Who are the leading global players in the muconic acid industry?
What is the estimated value of the Global Muconic Acid Market?
What is the growth rate of the Global Muconic Acid Market?
What is the forecasted size of the Global Muconic Acid Market?
Who are the key companies in the Global Muconic Acid Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 102.5 Million |
| Forecasted Market Value ( USD | $ 138.9 Million |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
Companies Mentioned
- Myriant Corporation
- Santa Cruz Biotechnology
- Merck
- Deinove
- Amyris
- Sigma-Aldrich Corporation
- Dynacare
- Thermo Fisher Scientific
- Zhongxing Flavors & Fragrance
- TCI
- Alfa Aesar
- Toronto Research Chemicals
Methodology
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