Transparency Market Research 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 Published Date 2014-08-08
58 Page Report
Buy Now
Request Sample
Press Release
Muconic Acid Market Driven by Spiraling Demand for Adipic Acid Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Muconic Acid Market
REPORT DESCRIPTION Global Muconic Acid Market: Snapshot
Augmenting demand for nylon is anticipated to stimulate the growth of the global muconic acid market in the near future. Muconic acid is a dicarboxylic acid, obtained in three isomers, namely cis,trans-muconic, cis,cis-muconic, and trans,trans-muconic acids. These types can be distinguished by comparing the geometry around their double bonds. Currently, muconic acid has gathered focus from many industries, as it can be used as a base chemical in the preparation of products such as polyethylene terephthalate (PET), polyurethane (as adipic acid intermedisate), and nylon 6,6. Universities and companies alike have been producing muconic acid with the fermentation process using genetically modified microbial species.
Browse Market Research Report: http://www.transparencymarketresearch.com/muconic-acid-market.html
Transparency Market Research (TMR) estimates that the global market for muconic acid is expected to reach US$86.54 mn by value, by the end of 2020.
Increasing Demand for Adipic Acid to Assist Growth of Muconic Acid Market
Adipic acid, a prominent derivative of muconic acid, is expected to contribute a dominant share to the overall market of muconic acid. Adipic acid is used for various applications such as detergents, plasticizers, and coatings. However, it is prominently used as a monomer for the
Transparency Market Research
2
Muconic Acid Market
synthesis of nylon 6-6. Currently, adipic acid is principally manufactured from synthetic cyclohexane. However, the trend of using renewable or bio-based sources is motivating manufacturers to use muconic acid to produce adipic acid. It is anticipated that the rising demand for nylon will propel the market for adipic acid, assisting the growth of the global muconic acid market. Adipic acid has a low potential for bioaccumulation and is readily biodegradable. These eco-friendly physical and chemical properties are allowing manufacturers to use adipic acid over synthetic cyclohexane. Following adipic acid, caprolactam has garnered significant interest owing to the growth of the textile industry in developing countries and the carpet industry in developed countries. Other derivatives such as adiponitrile, hexamethylenediamine, and TPA are envisioned to be collectively form a market of US$338.3 thousand by the end of 2020.
In terms of applications, carpets and textiles is expected to hold a leading share of the overall market in the future. Furthermore, the plastic segment is expected to follow carpets and textiles to contribute the second largest share to the overall market. Plastics find key applications in the manufacturing of parts such as conveyor belts and tire cords. Other uses of muconic acid include usage in biomarkers for identifying diseases and research applications.
Get accurate market forecast and analysis on the Muconic Acid market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=1992
North America Leads Muconic Acid Market Owing to Development in Carpets and Textiles Industry
Transparency Market Research
3
Muconic Acid Market
Geographically, North America is expected to hold a commanding position in the global market for muconic acid. In this region, the carpets and textiles application segment has fueled the market’s growth owing to increasing demand for nylon. Furthermore, Europe is expected to demonstrate significant growth in the market due to the growing usage of nylon. Growth in carbon emissions and legislations laid down by governments of various countries to reduce these emissions are expected to increase usage of muconic acid for the production of nylon. The Asia Pacific market is anticipated to grow at a relatively slower rate.
The global muconic acid market is at a developing stage with presence of very few large companies. Key players in this market are striving to expand their market share at a significant rate in the coming years. The continuous research and development programs followed by researchers are expected to augment new applications of muconic acid. Prominent players in this market include Sigma-Aldrich, Myriant Corporation, and Santa Cruz Biotechnology.
About Us
Transparency Market Research 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. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Transparency Market Research
4
Muconic Acid Market
Contact
Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/
Transparency Market Research
5