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Muconic Acid Market in North America to see 6% CAGR up to 2024 | Amyris Sigma-Aldrich, Dynacare, Thermo Fisher Scientific
Muconic Acid Market
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Over the years, muconic acid market has been depicted by a series of strategic capacity augmentation, modernization programmes, and joint ventures undertaken by prominent industry players, which has overtly contributed substantially to the commercialization of this industry. Kurskhimvolokno for instance, has recently announced its capacity expansion plans to cater to the growing textile industry across the globe, for the textile industry is the most prominent end-user of muconic acid
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. TCI
9. Alfa Aesar
10. Toronto Research Chemicals
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The global market for carpet & textile applications was observed to have the highest share in 2016. The segment will have the growth of more than 5% over the forecast period. Nylon, which is chiefly used in carpets & garments is synthesized using adipic acid. These trends present a substantial potential for muconic acid market from the textile industry in the near future.
Global muconic acid market can be termed as moderately saturated with key players operating in the business include Toronto Research Chemicals, Amyris Inc., Myriant Corporation, Alfa Aesar, TCI, Sigma-Aldrich Corporation, Thermo Fisher among others. With continuous R&D initiatives, technology upgradation and expansion of distribution infrastructure being implemented by market players, muconic acid market size is predicted to surpass $60 million by 2024, as per a research report by Global Market Insights, Inc.
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Global Market Insights, Inc.
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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.
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Over the years,…
