Muconic Acid Market Report

Market Insights

The global muconic acid market is estimated to grow from USD 42.87 million in 2022 to USD 64.25 million by 2028, at an impressive CAGR of 6.90% during the forecast period. Growing demand for lubricants and constant growth in various end-user industries such as textile and plastics are some of the key factors fueling the market growth over the forecast period.

Segments' Analysis

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Muconic Acid Market Share: By Derivatives Type

Based on the derivatives type, the market is segmented as adipic acid, caprolactam, and others. Adipic acid is estimated to hold the major share of the market over the forecast period on account of extensive utilization of nylon in textile industry.

Muconic Acid Market Share: By Application Type

Based on the application type, the market is segmented as plastics, carpets & textiles, lubricants, and others. Carpets & textiles application is estimated to register high growth in the market over the forecast period on account of their major usage to produce adipic acid. They are used in synthesizing nylon. Further, plastics are estimated to account for a significant share of the market owing to their wide range of applications in various end-user industries.

Muconic Acid Market Share: By Region

In terms of regions, North America is estimated to be the leading region during the forecast period on account of constant growth in automotive industry along with rapid technological enhancements in textile industry in the regional market. On the other hand, Asia-Pacific is also estimated to register high growth in the market owing to continuous growing demand for the product from end-user industries.

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Market Scope & Segmentation

Muconic acid is basically a dicarboxylic acid which is obtained indirectly from mucic acid and formed by oxidation of benzene in the animal body. It forms salts with alkaloids and metals.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The muconic acid market is segmented into the following categories:

Muconic Acid Market Size, Share, & Forecast, by Derivatives Type:

• Adipic Acid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Caprolactam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Muconic Acid Market Size, Share, & Forecast, by Application Type:

• Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Carpets & Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lubricants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Muconic Acid Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the global muconic acid market are-

• Alfa Aesar
• Amyris, Inc.
• Deinove SA
• Gamma-Dynacare Medical Laboratories
• Myriant Corporation
• Santa Cruz Biotechnology
• Sigma-Aldrich Corporation
• TCI Chemicals
• Thermo Fisher Scientific
• Toronto Research Chemicals.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the derivatives types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.