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Manufacturers produce high-molecular-weight polymers such as nylon by using muconic acid and its derivatives. Nylon has the potential to increase the lifetime of the product. It is highly used in various applications in end-user industries due to its high strength. Our research analysis on the global muconic acid market identifies that the growing demand for nylon fibers will be one of the major factors that will have a positive impact on the growth of the market. Nylon fiber is gaining popularity in various industries such as carpets, textiles, and automobile because it provides supple tactile feeling and resistant to abrasion. The consumption of nylon fibers is high in carpets and textiles industry due to their easy to dye-ability. They are also used in home furnishing applications. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.
The presence and severity of various diseases are diagnosed with the help of measurable indicators such as biomarkers. 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 extensively used as a biomarker for cancer. Biomarkers such as trans-muconic acid are used to trace the presence of benzene, which causes health issues by damaging the hematopoietic functions and hematopoietic cells. The muconic acid biomarker manufacturers are also experiencing growth opportunities due to the production of high-quality muconic acid as a biomarker through technical advancements.
The muconic acid market is concentrated and highly competitive. This market is characterized by the presence of few multinational players. These market players are focusing on the development of innovative products by heavily investing in research and developmental activities.
Key vendors in this market are -
Other prominent vendors in the market include TCI Chemicals and Toronto Research Chemicals.
The carpets and textiles industry widely uses muconic acid derivatives, such as Nylon 66. The muconic acid chemical market is witnessing growth in the carpets and textiles segment due to the rising demand for Nylon 66 fiber and its thermo-plasticity and stretch properties. It is made of polyamides such as adipic acid and hexamethylenediamine (HDMA). The consumption of bio-based muconic acid is also increasing due to its cost-effectiveness and the rising environmental awareness.
The consumption of muconic acid is high in the Americas due to growth in the carpet and textiles industry. The demand for nylon 66 is also increasing in the region due to growth in the automobile industry, particularly in North America. The muconic acid chemical market will grow in the region throughout the estimated period due to the advancements in the biomarkers and pharmaceutical industries.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET SIZING
PART 06: MARKET SEGMENTATION BY USE
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
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