• Home
  • |
  • Press Release
  • |
  • Global Muconic Acid Market Impelled by Inclination Towards Bio-Based Products

Global Muconic Acid Market to Reach US$ 146.6 Million by 2027, Impelled by Inclination Towards Bio-Based Products

March 28, 2019

As per the recent market research report by IMARC Group, titled “Muconic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global muconic acid market reached a value of US$ 97.3 Million in 2021. Muconic acid is a hexadienedioic acid with the chemical formula C6H6O4. It is a high-value bio-product with conjugated double bonds and reactive dicarboxylic groups. The acid can be derived in three isomers, namely trans, trans-muconic acid; cis, cis-muconic acid; and cis, trans-muconic acid. It has garnered potential applications in the manufacturing of bio-plastics, agrochemicals, pharmaceuticals, new functional resins and food additives. Apart from this, it is also used in the commercial production of bulk chemicals like trimellitic acid, adipic acid, terephthalic acid and caprolactam. These compounds are further utilized for manufacturing textiles, lubricants, carpets and plastics.  

Market Drivers:

Muconic acid has gained popularity in several sectors as a base chemical. Adipic acid, one of its derivatives, is extensively used for the production of nylon 6,6, polyethylene terephthalate (PET) and polyurethane (as an intermediate). Nylon fibers further find applications in the automobile and textile industries. Caprolactam is also utilized in the making of film coatings, paint, synthetic leather, brush bristles and textile stiffeners.  Further, recent innovations have encouraged the production of muconic acid via genetically modified microbial species. In confluence with this, rising inclination towards bio-based products among users is creating new opportunities for both the existing and new players in the industry. As a result of these factors, the market is anticipated to grow at a CAGR of 6.88% during the forecast period (2022-2027), reaching a value of US$ 146.6 Million by 2027.

Market Summary:

  • On the basis of derivatives, the market has been divided into adipic acid, caprolactam and others. As there is a high demand for adipic acid across different sectors, muconic acid is mostly used in its production.
  • Some of the major application areas of this acid include carpets and textiles, plastics and lubricants. Amongst these, the carpets and textiles segment represents the largest application area, holding the dominant share.
  • Region-wise, North America is the leading market, accounting for the majority of the market share. Asia Pacific, Europe, Middle East and Africa, and Latin America are the other major markets.
  • According to the analysis of the competitive landscape, Merck, Deinove, Amyris, Sigma-Aldrich Corporation, Myriant Corporation, Santa Cruz Biotechnology, Dynacare, TCI, Alfa Aesar, Thermo Fisher Scientific, Zhongxing Flavors & Fragrance and Toronto Research Chemicals are the key players operating in the muconic acid industry.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Global Muconic Acid Market to Reach US$ 146.6 Million by 2027, Impelled by Inclination Towards Bio-Based Products
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More