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Muconic Acid Market Development Growth for Thermo Fisher, Sigma-Aldrich Corporation, Myriant Corporation and Amyris

08-01-2018 09:10 PM CET | Industry, Real Estate & Construction

Press release from: Market Study Report

Muconic Acid Market, Muconic Acid Market Study, Muconic Acid Market Size, Muconic Acid Market Segmentation, Muconic Acid Market Gr

Muconic Acid Market, Muconic Acid Market Study, Muconic Acid Market Size, Muconic Acid Market Segmentation, Muconic Acid Market Gr

This global Muconic Acid market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Muconic Acid Market is forecast to exceed USD 60 million by 2024; 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.

This report focuses on the top Manufacturers and players in global market are given bellow:-

Alfa Aesar, Thermo Fisher, Sigma-Aldrich Corporation, Myriant Corporation and Amyris 

Request a Sample of this premium Research Report@ https://www.marketstudyreport.com/request-a-sample/682271/    

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. 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. Other uses of caprolactam include production of synthetic fibers such as textile stiffeners, brush bristles, synthetic leather, cross-linking of polyurethane and film coatings.

Muconic Acid Market Size By Derivatives

Adipic Acid, Caprolactam

By Application

Plastics, Carpets & Textiles, Lubricants

Industry Analysis Report, Regional Outlook

U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, South Africa, GCC

Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024

Request a Discount on standard prices of this premium Muconic Acid Market Research Report@ https://www.marketstudyreport.com/check-for-discount/682271/

In 2016, carpet & textile segment held a major chunk of overall muconic acid market. Global textile industry is growing exponentially since past few years. Nylon is commonly used in making carpets & garments and experiences huge demand from across the globe. Thus, product will experience huge demand from textile industry in the next few years.

North America is likely to witness significant CAGR by 2024 for muconic acid market and held a prominent market share in 2016, in terms of volume and revenue. North America has huge and mature automobile industry, which is one of the biggest users of lubricants. The product is used in lubricants to modify viscosity. Thus, increasing demand for lubricants in automobile industry, will ultimately propel product demand for lubricants over the next few years.

Asia Pacific, led by China, will expand at a CAGR close to 6.5% during the forecast timeframe. Asia Pacific is a leading textile producer and an enormous market for the plastic packaging industry. Both, plastic and textile industries in APAC are flourishing at exponential rates, which clearly indicates positive growth prospects for product demand over the forecast duration.

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