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 by the enzymatic degradation of sugars. The derivatives of muconic acid are used to manufacture a variety of products such as lubricants, carpets, plastics, and textiles. Adipic acid and caprolactam are the derivatives of muconic acid. Muconic acid is catalytically converted into adipic acid. The major industrial application of adipic acid and HDMA is in manufacturing nylon 66.

Covered in this report
The report covers the present scenario and the growth prospects of the global muconic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at https://www.marketresearchnest.com/global-muconic-acid-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Muconic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global muconic acid market: Amyris, Merck, Myriant, Santa Cruz Biotechnology, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: TCI Chemicals, and Toronto Research Chemicals.

Commenting on the report, an analyst from Research team said: “One trend in the market is preference for bio-based muconic acid. The improved performance properties and stringent regulations on the emissions of carbon dioxide have encouraged the manufacturers to invest in bio-based technology to produce bio-muonic acid and its derivatives. The conversion of chemicals from biomass using electrocatalysis has evolved as a competitive alternative to conventional heterogeneous catalysis.

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According to the report, one driver in the market is growing demand for nylon fibers. Muconic acid and its derivatives are used to produce high-molecular-weight polymers such as nylon. Nylon is extensively used in various applications due to their strength and property to increase the lifetime of the product. In addition, nylon fiber is resistant to abrasion and provides supple tactile feeling. Thus, their use is growing in the carpets, textiles, and automobile industries. This is also creating demand for muconic acid and its derivatives. The demand for nylon fibers in the carpets and textiles industry is quite high. In the textile industry, nylon fibers are used for their easy to dye-ability. The consumption of nylon fibers in home furnishing is also growing.

Further, the report states that one challenge in the market is threat of substitutes. The presence of synthetic and bio-based substitutes of muconic acid, such as sebacic acid, bio-based succinic acid, cyclohexane, and butadiene, is anticipated to have a negative impact on the growth in the global muconic acid market. Bio-based sebacic acid is produced from castor oil. Bio-based sebacic acid is in demand in the textiles industry. In addition, synthetic sebacic acid and bio-based sebacic acid are widely used in lubricants. The demand for sebacic acid in the lubricants industry is due to its improved property. It is used as a corrosion inhibitor.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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