Muconic acid is a naturally-occurring organic acid. Muconic acid is a high value-added dicarboxylic acid with conjugated double bonds, presenting three isomeric forms. Muconic acid is a metabolite of benzene in humans. The bioproduction of muconic acid is of interest because of its potential use as a platform chemical to produce several valuable consumer bioplastics including nylon-6,6, polyurethane, and polyethylene terephthalate. Muconic acid is used in diversified applications textiles, plastics, lubricants, and others.
MARKET SCOPE
The "Global Muconic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the muconic acid market with detailed market segmentation by derivatives, application, and geography. The report provides key statistics on the market status of the leading muconic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on derivatives, the global muconic acid market is segmented into adipic acid, caprolactam, and others.
- Based on application, the global muconic acid market is segmented into textiles, plastics, lubricants, and others.
MARKET DYNAMICS
Drivers:
- Rising demand of packaged products.
- There has also been a significant growth in the demand for lubricants in several end-use industries including chemical, automobile and manufacturing industries..
- The textile industry is a major end user of muconic acid.
- Rising R&D activities drive the muconic acid market.
Restraints:
- Stringent government regulations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The muconic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the muconic acid market in these regions.
IMPACT OF COVID-19 ON MUCONIC ACID MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the muconic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from muconic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for muconic acid in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the muconic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Myriant Corporation
- Santa Cruz Biotechnology
- Merck
- Deinove
- Amyris
- Sigma-Aldrich Corporation
- Dynacare
- Thermo Fisher Scientific
- Zhongxing Flavors & Fragrance
- Alfa Aesar