Muconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
Increasing demand for nylon fibers from the carpets and textiles industry is expected to boost the growth of the adipic acid and caprolactam market. This, in turn, is anticipated to drive the muconic acid market. Muconic acid forms an intermediate in the production of adipic acid, caprolactam, terephthalic acid (TPA), etc. However, muconic acid is currently not preferred in the production of its derivatives on a large scale due to its low yield and subsequent high price. Other substitutes such as cyclohexane are preferred over muconic acid as they are easily available at cheaper rates. Thus, these substitutes are estimated to hamper market growth during the forecast period. However, development of bio-based muconic acid is projected to offer immense opportunities in the market in the near future. Currently, companies such as Invista, Verdezyne and Rennovia produce bio-based adipic acid through the fermentation of glucose.
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The market has been estimated in terms of demand for muconic acid rather than production for muconic acid from 2013 to 2020. Initially, extensive secondary research was conducted using secondary sources such as company annual reports, news articles, press releases and patents. Several secondary sources referred for this study include ICIS, Chemical Weekly, the Environmental Protection Agency (EPA), Global Chemicals Outlook and PU Daily. In order to validate secondary findings, primary interviews were conducted with key industry participants of the market. Participants include CEOs, VPs, sales & marketing managers, operations managers, purchase managers, research scientists and distributors. This method has resulted in estimating accurate market data and future trends of the market. The global muconic acid market was forecasted using the top-down approach for estimating and forecasting by region. The bottom-up approach was used for estimating and forecasting derivatives and applications of muconic acid.
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This report analyzes demand for muconic acid in terms of volume (tons) and revenue (USD thousand) from 2013 to 2020. The market is segmented based on muconic acid derivatives and applications. Major derivatives of muconic acid include adipic acid, caprolactam and others. Muconic acid is segmented based on applications such as plastics, carpets & textiles, lubricants and others. These derivatives and applications have been estimated for each region including North America, Europe, Asia Pacific, and Rest of the World from 2013 to 2020 in terms of volume and revenue.
The study includes a detailed analysis of factors driving and restraining market growth and their impact on the market during the forecast period. It also includes market estimates and forecast for major derivatives that are driving the muconic acid market. Additionally, the report includes upcoming opportunities in the market. The report comprises a detailed value chain analysis in order to study value addition at each stage. Porter’s five forces model analyzes competition in the market and its impact on buyers, suppliers, substitutes, new entrants, and degree of competition. This helps in analyzing bargaining power of suppliers as well as buyers in the muconic acid market and its impact on the new entrants. The market attractiveness analysis gauges the highly attractive application area of muconic acid. It also includes the list of potential buyers that are major players in the muconic acid derivatives market. The study includes price trend analysis of muconic acid on the global level.
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The report comprises company profiles of major players in the market. These profiles cover manufacturers as well as distributors of muconic acid. Company profiles offer an overview of companies, their financial overview, business strategies, SWOT analysis and recent developments. Major participants profiled in the report include Myriant Corporation, Santa Cruz Biotechnology, and Sigma-Aldrich.
This report segments the global muconic acid market as follows:
Muconic Acid Market - Derivative Analysis
- Adipic acid
- Others (Terephthalic Acid, hexamethylenediamine and adiponitrile)
Muconic Acid Market - Application Analysis
- Carpets & textiles
- Others (Biomarkers, etc.)
Muconic Acid Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World
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