Muconic Acid Market to observe high growth by 2020
View Report Preview:
The global muconic acid market will expand at a 7.0% compounded annual growth rate during the forecast period of 2014 to 2020.The primary key driver behind the growth of the global muconic acid market is the massive demand for adipic acid. The growing demand for nylon fibers worldwide is fueling the growth of the market for adipic acid. In 2013, the adipic acid segment in the global muconic acid market was by far the leading segment in terms of volume; it held over 85% of the total volumes share in 2013. Other derivative segments of muconic acid such as caprolactam will also benefit from the increasing demand for nylon fibers globally.
The global muconic acid market is divided according to application into plastics, lubricants, carpets and textiles, biomarkers, etc. Adipic acid finds application majorly in the textile and automotive industries. Caprolactam, another derivative of muconic acid, also finds its application in the textile industry. Volume-wise, the carpets and textiles segment led the global market for muconic acid in 2013 with a 46% share of the global market. The plastics application segment of muconic acid emerged as the second leading segment in terms of volume during the same year. Plastic made using muconic acid derivatives finds an extensive use in the automobile industry in tire cords along with other manufacturing parts such as conveyor belts. The automobile industry employs nylon widely due to its lightness and high tensile strength.
Some of the top market players that supply the automobile and textile industry with muconic acid derivatives are Santa Cruz Biotechnology Inc., Myriant Corporation, and Sigma-Aldrich Corporation. One key trend that will shape the global muconic acid market in the coming years is the increasing consumer preference towards bio-based muconic acid products. This trend provides significant opportunities to existing and emerging market players in the global muconic acid industry. However, industry players will be challenged by the accelerating presence of bio-based and chemical-based substitutes for muconic acid derivatives. Many of these substitutes tend to be cheaper compared to muconic acid products, which might hamper the growth of the overall muconic acid market.
Geographically, North America and Europe will continue to dominate the global muconic acid market. These two regions have led the global muconic acid market thanks to the concentration of the production of muconic acid derivatives in these regions. A 5.4% CAGR will be demonstrated by the North America muconic acid market in the forecast period. Asia Pacific will also display moderate growth in the global muconic acid market during the forecast period.
Request Brochure of the Report:
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Muconic Acid Market to observe high growth by 2020 here
News-ID: 814181 • Views: 142
More Releases from Transparency Market Research
Water Purifier Market - Competitive Dynamics, Trends, Forecast 2027
Transparency Market Research delivers key insights on the global water purifier market. In terms of revenue, the global water purifier market is estimated to expand at a CAGR of ~ 9% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the water purifier market report. Browse Report Details: https://www.transparencymarketresearch.com/water-purifier-market-2017-2025.html Water purifiers help in removing bacterial contaminants and viruses from water and make it safe
Sheet Face Masks Market Leading Vendors: Sephora Inc. Boss Biological Technique …
The Sheet face masks market promises robust growth during 2018-2026, thanks to rising demand for sheet face mask products. Growing demand for personal hygiene products, and beautification products are expected to drive significant growth. The rising demand for natural ingredients in sheet face masks products is expected to emerge as the largest trend in the market. Browse Report Details: https://www.transparencymarketresearch.com/sheet-face-masks-market.html Sheet face masks are often associated with a certain prestige and rejuvenating
Global Nail Care Market to Reach US$ 20,940.2 Mn by 2027
According to a new research report published by Transparency Market Research titled ‘Nail Care Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global nail care market is expected to reach a value of US$ 20,940.2 Mn by 2027, expanding at a CAGR of 8.4% from 2019 to 2027. In terms of volume, the market is expected to reach 1,494.2 Mn units by 2027, expanding at
Industrial Dispensing System and Equipment Market to Reach ~ US$ 16.7 Bn by 2027
Transparency Market Research delivers key insights on the global industrial dispensing system and equipment market. In terms of revenue, the global industrial dispensing system and equipment market is estimated to expand at a CAGR of ~ 6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the industrial dispensing system and equipment market report. Browse Report Details: https://www.transparencymarketresearch.com/industrial-dispensing-system-equipment-market.html Industrial dispensing systems and equipment are
More Releases for Corporation
Global Gaming Market 2018 - Microsoft Corporation, Nintendo Co., Ltd., Rovio Ent …
The global Gaming market research report 2019 -2023 proposes a thorough analysis of the Gaming market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Gaming market report provides a wide-range of Gaming market segmentation Console , Mobile , Computer , , . Get Request
Enterprise Content Management Market Trend to 2025: IBM Corporation, Oracle Corp …
Enterprise Content Management Market to 2025 - Global Analysis and Forecasts by Product, Deployment Type, Organization Type, Verticals The report aims to provide an overview of Global Enterprise Content Management Market along with detailed segmentation of market by product, organization type, deployment type, vertical and five major geographical regions. Global Enterprise Content Management market is expected to witness growth during the forecast period due to exponential growth in the data and
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Telecom Analytics 2018 Global Key Players – EMC Corporation, Oracle Corporatio …
Telecom Analytics Market 2018 Wiseguyreports.Com Adds “Telecom Analytics – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description: This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Telecom Analytics industry. This report splits Telecom Analytics market
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Smart Hospitality System Market 2017 : Mitel Networks Corporation, NEC Co …
Smart Hospitality System A market study based on the " Smart Hospitality System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Smart Hospitality System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Smart Hospitality System industry, and makes predictions on the future status of Smart Hospitality System market on the basis of this analysis. Get Free