The global demand for Muconic Acid Market is presumed to reach the market size of nearly USD 170.56 MN by 2028 from USD 100.3 MN in 2021 with a CAGR of 7.88% under the study period 2022 - 2028.
Muconic acid, also known as 2,4-hexadienedioic acid is used for the production of industrial chemicals such adipic acid and caprolactam. These industrial chemicals are used for the synthesis of various polymers, such as plastics, coatings, and nylons. It is a naturally occurring chemical from microbial production. The microbial production of muconic acid can be potentially used for consumer bioplastics such as nylon-6,6 and polyurethane. Muconic acid synthesizes products that have a wide variety of uses, including use as surfactants, flame retardants, UV light stabilizers, thermoset plastics, thermoplastics, and coatings.
Market Dynamics
The growing demand for the production of plastics materials such PET, bioplastics, etc is expected to drive the market growth. Moreover, the growing incidence of packaged goods in food and beverage will give rise to the demand for plastic packaging, thus muconic acid will further propel market growth. Moreover, the substantially growing textile industry will fuel the market growth of muconic acid. Furthermore, the rising demand for lubricants in the automobile and chemical industry will further benefit the market growth. Key players are launching R&D advancements for the production of muconic acid through biotechnological methods. However, government regulations and environmental policies for the prohibition of plastic usage will be the primary constraint hampering the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of muconic acid. The growth and trends of muconic acid industry provide a holistic approach to this study.
Market Segmentation
This section of the muconic acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Trans, Trans-Muconic Acid
- Cis, Trans-Muconic Acid
- Cis, Cis-Muconic Acid
By Application
- Adipic Acid
- Scientific Research
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Muconic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Muconic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the muconic acid market include Myriant, Amyris, Santa Cruz Biotechnology, Sigma-Aldrich Corporation, TCI, Toronto Research Chemicals, Thermo Fisher Scientific, Dynacare. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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