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Muconic Acid Market Trends - Industry Size Report 2018-2024 | Thermo Fisher Scientific, Amyris, Sigma-Aldrich, Dynacare, Alfa Aesar, Toronto Research Chemicals, Myriant Corporation, Deinove: Empowering bio-innovation, Santa Cruz Biotechnology (SCBT)

Muconic Acid Market

Muconic Acid Market

Global Muconic Acid Market 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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2171

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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Myriant Corporation
2. Deinove: Empowering bio-innovation
3. Santa Cruz Biotechnology (SCBT)
4. Amyris
5. Sigma-Aldrich
6. Dynacare
7. Thermo Fisher Scientific
8. Zhongxing Flavors & Fragrance
9. TCI
10. Alfa Aesar
11. Toronto Research Chemicals

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2171

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, Derivatives By Application
o Adipic acid
o Plastics
o Carpets & textiles
o Lubricants
o Others
o Caprolactam
o Plastics
o Carpets & textiles
o Lubricants
o Others
o Others
o Plastics
o Carpets & textiles
o Lubricants
o Others

Muconic Acid Market, By Application
o Plastics
o Carpet & textile
o Lubricants
o Others

Browse key industry insights spread across 192 pages with 231 market data tables & 23 figures & charts from the report, “Muconic Acid Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/muconic-acid-market

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.

In 2016, the muconic acid market was competitive. Key market players include Alfa Aesar, Thermo Fisher, Sigma-Aldrich Corporation, Myriant Corporation and Amyris. These held for more than half of global industry share. Companies are engaged in upgrading technologies for exploring numerous ways to produce muconic acid.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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