openPR Logo
Press release

New growth opportunities for textile market players, which will directly influence muconic acid demand by 2024

Muconic Acid Market share is forecast to surpass 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. 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.

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

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.

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

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release New growth opportunities for textile market players, which will directly influence muconic acid demand by 2024 here

News-ID: 2202016 • Views: 261

More Releases from Global Market Insights,Inc.

Guidewires Market Revenue Forecast 2026 By Regional Players Abbott Laboratories, …
Guidewires Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. The guidewires market is slated to witness considerable revenue growth over the coming years, undeniably attributing to the rising preference for minimally invasive surgeries across the globe. According to
Scanning Electron Microscope Market Forecast 2027 | Carl Zeiss, Thermo Fischer S …
Scanning Electron Microscope Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges. Technological advancements in developing microscopes with high integration and resolution power have spurred the demand for scanning electron microscopes (SEM). These microscopes are primarily utilized for quality
Glutathione Market overview by 2025| Kyowa Hakko Bio Co. Ltd.,, Shandong Jinchen …
Glutathione market has been expanding due to the oxidative stress reducing properties of glutathione that have found widespread application in the context of rising stress levels. Glutathione supplements in diet have witnessed demand due to their nutritional benefits and accredited for boosting glutathione industry size. According to the reliable reports, by 2020, chronic diseases will account for almost three-quarters of all deaths globally. Out of these 71% of deaths will
Latest Trends In Material Handling Equipment Market; Key Players Siemens, Vander …
The size of Material Handling Equipment Market was registered at USD 140 billion in the year 2018 and is anticipated to cross USD 200 billion by 2025. Between the period 2019 -2025, the Material Handling Equipment Market is expected to register a CAGR of 6%. Improving industrial sector and enhancing productivity in developing economies will drive market growth over the forecast timespan. Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/1384

All 5 Releases


More Releases for Muconic

Muconic Acid Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the Muconic Acid market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Muconic Acidmarket by key players, product type, applications and regions,etc. The main objective of this market research is to help the readers understand the structure of Muconic Acidmarket, market definition, overview, industry opportunities and trends, investment
Global Qualitative Analysis Muconic Acid Market Research Report 2017
MarketResearchNest.com adds “Global Muconic Acid Market 2017-2021” new report to its research database. The report spread across 87 pages with table and figures in it. Research analysts forecast the global muconic acid market to grow at a CAGR of 7.29% during the period 2017-2021. About Muconic Acid Muconic acid is a chemical compound; it is a dicarboxylic acid that contains two carboxylic functional groups and is denoted as -COOH. Muconic acid is produced
Muconic Acid Market Driven by Spiraling Demand for Adipic Acid
The analytical market research report “Muconic Acid Market  - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is now available on Transparency Market Research’s official site. The global muconic acid market report serves as a detailed market research guide for clients requiring latest industry figures and insights. According to the report, the global muconic acid market was worth US$54.21 million in 2013 and will reach an estimated value
Muconic Acid Market to observe high growth by 2020
The analytical market research report “Muconic Acid Market  - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is now available on Transparency Market Research’s official site. The gloal mubconic acid market report serves as a detailed market research guide for clients requiring latest industry figures and insights. According to the report, the global muconic acid market was worth US$54.21 million in 2013 and will reach an estimated value
Muconic Acid Market Emergence of advanced technologies and analysis 2020
The analytical market research report “Muconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is now available on Transparency Market Research’s official site. The global muconic acid market report serves as a detailed market research guide for clients requiring latest industry figures and insights. According to the report, the global muconic acid market was worth US$54.21 million in 2013 and will reach
Muconic Acid Market Analysis and Forecast Study for 2014-2020
Global Muconic Acid Market: Snapshot Augmenting demand for nylon is anticipated to stimulate the growth of the global muconic acid market in the near future. Muconic acid is a dicarboxylic acid, obtained in three isomers, namely cis,trans-muconic, cis,cis-muconic, and trans,trans-muconic acids. These types can be distinguished by comparing the geometry around their double bonds. Currently, muconic acid has gathered focus from many industries, as it can be used as a base