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

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Muconic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global muconic acid market reached a value of US$ 97.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 146.6 Million by 2027, exhibiting at a CAGR of 6.88% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Muconic acid, denoted as COOH, is a chemical compound which occurs naturally and can also be sourced from sorbic acid and its salts. It is a dicarboxylic acid which includes two carboxylic functional groups. The derivative of muconic acid, including adipic acid and caprolactam are used for the production of various products such as PET and other polymers, carpets, textiles, lubricants and plastics which are further employed as primary raw materials in the manufacturing of cans, boxes, plastic bottles and pouches. The bio-production of muconic acid can also be used in the form of a platform for the purpose of producing numerous consumer bio-plastics which include polyurethane, nylon 66 and polyethylene terephthalate.

The textile industry is a major end user of muconic acid and is expected to exhibit moderate growth driven by rising consumer spending particularly in emerging economies. This is expected to create a positive impact on the global muconic acid market. Additionally, muconic acid is primarily used for the production of plastics which finds its applications for the production of numerous products such as containers, bags, films, etc. Rising demand of packaged products are expected to drive the global plastic packaging industry. Moreover, there has also been a significant growth in the demand for lubricants in several end-use industries including chemical, automobile and manufacturing industries. This is also expected to create a positive impact on the global demand of muconic acid.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global muconic acid market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on derivative and application.

Breakup by Derivative:

  • Adipic Acid 
  • Caprolactam
  • Others 
     

Based on the derivatives, the market has been segmented into adipic acid, caprolactam and others.

Breakup by Application:

  • Carpets and Textiles 
  • Plastics 
  • Lubricants 
  • Others 
     

Based on the application, the market has been segmented into carpets and textiles, plastics, lubricants and others. Carpets and textiles currently represent the biggest application.

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Myriant Corporation, Santa Cruz Biotechnology, Merck, Deinove, Amyris, Sigma-Aldrich Corporation, Dynacare, Thermo Fisher Scientific, Zhongxing Flavors & Fragrance, TCI, Alfa Aesar and Toronto Research Chemicals.

This report provides a deep insight into the global muconic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the muconic acid industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Derivative, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Myriant Corporation, Santa Cruz Biotechnology, Merck, Deinove, Amyris, Sigma-Aldrich Corporation, Dynacare, Thermo Fisher Scientific, Zhongxing Flavors & Fragrance, TCI, Alfa Aesar and Toronto Research Chemicals
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global Muconic Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Derivative 
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Distribution
        5.9.6    Export
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Price Analysis
        5.11.1    Key Price Indicators
        5.11.2    Price Structure
        5.11.3    Margin Analysis
6   Market Breakup by Derivative 
    6.1    Adipic Acid 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Caprolactam
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Others 
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Application
    7.1    Carpets and Textiles 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Plastics 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Lubricants 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Others 
        7.4.1    Market Trends
        7.4.2    Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Europe
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Asia Pacific
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   Muconic Acid Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10 Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Myriant Corporation 
        10.3.2    Santa Cruz Biotechnology 
        10.3.3    Merck 
        10.3.4    Deinove 
        10.3.5    Amyris 
        10.3.6    Sigma-Aldrich Corporation 
        10.3.7    Dynacare
        10.3.8    Thermo Fisher Scientific
        10.3.9    Zhongxing Flavors & Fragrance 
        10.3.10    TCI 
        10.3.11    Alfa Aesar
        10.3.12    Toronto Research Chemicals

List of Figures

Figure 1: Global: Muconic Acid Market: Major Drivers and Challenges
Figure 2: Global: Muconic Acid Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Muconic Acid Market: Breakup by Derivative (in %), 2021
Figure 4: Global: Muconic Acid Market: Breakup by Application (in %), 2021
Figure 5: Global: Muconic Acid Market: Breakup by Region (in %), 2021
Figure 6: Global: Muconic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 7: Global: Muconic Acid Industry: SWOT Analysis
Figure 8: Global: Muconic Acid Industry: Value Chain Analysis
Figure 9: Global: Muconic Acid Industry: Porter’s Five Forces Analysis
Figure 10: Global: Muconic Acid (Adipic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Muconic Acid (Adipic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Muconic Acid (Caprolactam) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Muconic Acid (Caprolactam) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Muconic Acid (Other Derivatives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Muconic Acid (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Muconic Acid (Carpets and Textiles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Muconic Acid (Carpets and Textiles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Muconic Acid (Plastics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Muconic Acid (Plastics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Muconic Acid (Lubricants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Muconic Acid (Lubricants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Muconic Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Muconic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Muconic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Muconic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Europe: Muconic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Europe: Muconic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia Pacific: Muconic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia Pacific: Muconic Acid Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 30: Middle East and Africa: Muconic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Middle East and Africa: Muconic Acid Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 32: Latin America: Muconic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Latin America: Muconic Acid Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 34: Muconic Acid Manufacturing: Detailed Process Flow
 
List of Tables

Table 1: Muconic Acid: General Properties
Table 2: Global: Muconic Acid Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Muconic Acid Market Forecast: Breakup by Derivative (in Million US$), 2022-2027 
Table 4: Global: Muconic Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027 
Table 5: Global: Muconic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Muconic Acid Manufacturing: Raw Material Requirements
Table 7: Global: Muconic Acid Market Structure
Table 8: Global: Muconic Acid Market: Key Players

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Key Questions Answered in This Report

The global muconic acid market reached a value of US$ 97.3 Million in 2021.

The global muconic acid market is expected to exhibiting a CAGR of 6.88% during 2022-2027.

The use of muconic acid for the production of nylon 6,6, polyethylene terephthalate (PET) and polyurethane (PU) is bolstering the market growth. The market is further propelled by its application in the automobile and textile industries.

One of the significant market trends is the rising inclination toward bio-based products among end users, which is creating new opportunities for both the existing and new players in the industry.

Due to the spread of the coronavirus disease (COVID-19), top market players are currently facing difficulties in obtaining key components for manufacturing muconic acid, which has led to an industrial slowdown across the globe.

Based on the derivative, the market has been categorized into adipic acid, caprolactam, and others. Muconic acid is most extensively used for the production of adipic acid.

On the basis of the application, the market has been classified into carpets and textiles, plastics, lubricants and others. Among these, carpets and textiles represent the largest application area, dominating the market.

Region-wise, North America exhibits a clear dominance in the market. Other major regions are Asia Pacific, Europe, Middle East and Africa, and Latin America.

The leading players operating in the industry are Merck & Co., Inc., Sigma-Aldrich Corporation, Deinove SAS, Amyris, Inc., Myriant Corporation, Santa Cruz Biotechnology, Inc., Dynacare, TCI Chemicals (India) Pvt. Ltd., Alfa Aesar, Thermo Fisher Scientific, Zhongxing Flavors & Fragrance Co. Ltd., and Toronto Research Chemicals Inc.

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