Muconic Acid Market Driven by Spiraling Demand for Adipic Acid
Browse the full Muconic Acid Market By Derivatives (Adipic Acid, Caprolactam and Others) For Plastics, Carpets and Textiles, Lubricants and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at https://www.transparencymarketresearch.com/muconic-acid-market.html
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.
Request Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1992
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 for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1992
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend 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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop 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 Driven by Spiraling Demand for Adipic Acid here
News-ID: 842212 • Views: 341
More Releases from Transparency Market Research
Sterilizers and Surgical, Dental Care and Equipment Disinfectors Market Analysis …
The India sterilizers and surgical, dental care and equipment disinfectors market features the presence of several players that are either indigenous, or are global players that have a subsidiary company in this market, finds Transparency Market Research (TMR) in a new report. Technological advancements to strengthen their product offering is the key focus of top players in the India sterilizers and surgical, dental care and equipment disinfectors market. To attain this,
Kidney Cancer Drugs Market is Set to Grow According to Latest Research
The vendor landscape of the kidney cancer drugs market is largely consolidated and competitive in nature. Major players operating in the market are focusing on clinical collaboration and commercial expansion to tap several opportunities present in the market. Stringent governmental regulation makes this market tough for small players. Small player in the market are launching several bio-similar products in order to satisfy increasing demand from the emerging
Anxiety Disorders and Depression Treatment Market Incredible Potential, Stagnant …
With anxiety disorders and depression becoming a substantial public health burden, efforts are increasingly afoot to reduce their impact. A large part of this endeavor entails the use of anxiolytics and antidepressants, which will augur well for the global anxiety disorders and depression treatment market. According to a new report published by Transparency Market Research, the global anxiety disorders and depression treatment market will log a 1.25% CAGR to go
Biological Drugs Market to Explore Emerging Trends of Coming Years
The global biological drugs market is anticipated in a report by Transparency Market Research (TMR) to gain immensely from billions of dollars of investment from pharmaceutical companies attracted to lucrative business opportunities available in biologics. In order to take large strides in their market and the prime mover advantage, pharmas such as Bristol-Myers Squibb and Eli Lilly and Company have already made massive biologics investments. Biopharma-related partnerships are said to
More Releases for Acid
pH Control/Salt Market by Region - North America, Latin America, Europe, Japan, …
According to Fact.MR’s recent forecast study, the global market for pH control/salts will register a value CAGR of 3.7% during the forecast period, 2017-2026. The report further reveals that by the end of 2026, more than 16,700,683 tons of pH control/salts will be sold across the globe. Competition Tracking Leading producers of pH control/salts have been profiled in the report. These include, Archer Daniels Midland Company, Batory Foods Inc., Brenntag Ingredients Inc.,
Global Azelaic Acid Market
This report studies the global Azelaic Acid market status and forecast, categorizes the global Azelaic Acid market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa). Azelaic acid is a crystalline, opaque-white solid, soluble in hot water, alcohols, diethyl ether, and other
Polyphosphoric Acid Market
Introduction: Polyphosphoric Acid (PPA), Molecular formula: H6P4O13, is an inorganic chemical compound, having strong hygroscopic properties. Polyphosphoric Acid is an odorless, colorless, and highly viscous liquid compound. Polyphosphoric acid is a mixture of linear phosphoric acids and orthophosphoric acid. Polyphosphoric acid is formed by heating and dehydration of phosphoric acid followed by polycondensation process. During this process, phosphoric acid forms chains and eliminate the water molecules. Also, Polyphosphoric acid can be
Humic Acid Market
The global humic acid market features a highly fragmented and thus a largely competitive vendor landscape, having a large number of regional and international vendors, observes Transparency Market Research in one of its recent market research reports. Some of the leading companies having considerable brand value in the market are Arihant Bio Fertichem Pvt. Ltd., Black Earth Humic LP, Humic Growth Solutions, Biolchim S.p.A., Jiloca Industrial, S.A., Humintech GmbH, Saint
Sulphuric Acid Market
Sulphuric acid also known as ‘oil of vitriol’ having molecular formula H2SO4 is a highly strong corrosive mineral acid. Sulphuric acid is pungent-ethereal, colorless to slightly yellow viscous liquid soluble in water at all concentrations. During production, sulphuric acid takes dyed dark brown color to intimate people of its strong hazard effects. Sulphuric acid shows different properties with different material depending on the concentration. Having strong acidic nature, sulphuric acid
Electronic grade phosphoric acid belongs to high purity phosphoric acid
Electronic grade phosphoric acid belongs to high purity phosphoric acid. It is widely used in large-scale integrated circuits, thin-film liquid crystal display (TFT-LCD) and other microelectronics industry. It is mainly used for chip cleaning and etching. The lower purity is mainly used for the cleaning of liquid crystal panel parts (Panel Level). High purity for cleaning and engraving of electronic wafer production processes (IC Level). Electronic grade phosphoric acid can