Global Muconic Acid Market 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 3, 2019--The “Muconic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global muconic acid market was worth US$ 74.5 Million in 2017
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 a stable growth of around 3%-5% over the next five years 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.
Looking forward, the market value is projected to reach US$ 111.8 Million by 2023, expanding at a CAGR of 7% during 2018-2023.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Muconic Acid Market
6 Market Breakup by Derivative
7 Market Breakup by Application
8 Market Breakup by Region
9 Muconic Acid Manufacturing Process
10 Competitive LandscapeMyriant Corporation Santa Cruz Biotechnology Merck Deinove Amyris Sigma-Aldrich Corporation Dynacare Thermo Fisher Scientific Zhongxing Flavors & Fragrance TCI Alfa Aesar Toronto Research Chemicals.
For more information about this report visit https://www.researchandmarkets.com/research/9xgwhh/global_muconic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190103005350/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 01/03/2019 07:53 AM/DISC: 01/03/2019 07:53 AM