Global Muconic Acid Market 2017-2021

Overview of the global muconic acid market

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.

Competitive landscape and key vendors

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 -

• Amyris
• Merck
• Myriant
• Santa Cruz Biotechnology
• Thermo Fisher Scientific

Other prominent vendors in the market include TCI Chemicals and Toronto Research Chemicals.

Segmentation by application and analysis of the muconic acid market

• Carpets and textiles
• Plastics
• Lubricants

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.

Segmentation by geography and analysis of the muconic acid market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the muconic acid market size and the growth rate be in 2021?
• What are the key factors driving the global muconic acid market?
• What are the key muconic acid market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global muconic acid market?
• What are the market opportunities and threats faced by the vendors in the global muconic acid market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global muconic acid market?

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