Press release
Muconic Acid Market to reach USD 168.02 Mn by 2029, Technological Advancements and Growth Opportunities
The global Muconic Acid Market is expected to grow at a CAGR of 7.11 percent during the forecast period and reach from USD 103.88 Mn to USD 168.02 Mn by 2029, according to a new report by MMR.Muconic Acid Market Report Scope and Research Methodology
Muconic acid, also known as 2,4-hexadienedioic acid, is a dicarboxylic acid that is used to produce industrially applicable chemicals such as adipic acid, caprolactam, and terephthalic acid. These chemicals are used in the production of several products like PET and other polymers, textiles, carpets, lubricants, and plastics. Additionally, the bio-production of muconic acid can be used to produce many consumer bio-plastics that contain nylon 66, polyurethane, and polyethylene terephthalate.
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The report provides a comprehensive analysis of the Global Muconic Acid Market, covering all aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. The report also presents PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market.
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Muconic Acid Market Dynamics
The report highlights that the application of muconic acid and its derivatives as biomarkers is gaining traction in the muconic acid market during the projected period. A derivative of the muconic acid, alpha-adipic acid is widely used as a biomarker for cancer. Biomarkers like trans-muconic acid are used to trace the occurrence of benzene, which causes health issues by damaging the hematopoietic functions and cells. The muconic acid biomarker manufacturers are also undergoing growth opportunities owing to the production of high-grade muconic acid as a biomarker through technical developments.
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In conclusion, the report helps in understanding the Global Muconic acid Market dynamics, structure by analyzing the market segments and projects the Global Muconic acid Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Muconic acid Market makes the report investor-friendly.
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Muconic Acid Market Regional Insights
The North American region has dominated the market. Constantly raising the automobile industry with fast technological modifications in the textile industry will accompany business growth. Europe shall witness an adequate growth rate for the muconic acid market due to the developed textile and plastics industry.
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Muconic Acid Market Segmentation
By Product:
• Trans, Trans-Muconic Acid
• Cis, Cis-Muconic Acid
• Cis, Trans-Muconic Acid
By Application:
• Carpets and textiles
• Plastics
• Lubricants
Muconic Acid Market Key Competitors include:
• Myriant Corporation
• Santa Cruz Biotechnology
• Merck
• Deinove
• Amyris
• Sigma-Aldrich Corporation
• Dynacare
• Thermo Fisher Scientific
• Zhongxing Flavors & Fragrance
• TCI
• Alfa Aesar
• Toronto Research Chemicals
Table of Content for Muconic Acid Market:
Global Muconic Acid Market: Research Methodology
Global Muconic Acid Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Muconic Acid Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Muconic Acid Market Segmentation
Global Market, by Product (2021-2029)
Global Market, by Application (2021-2029)
Regional Muconic Acid Market (2021-2029)
Regional Market, by Product (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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