Increasing Demand for Nylon 66 Presents Appreciable Growth Opportunity for Muconic Acid Market

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Research
Muconic Acid Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2014 - 2020
Published Date
08-Aug-2014
58 Page Report
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Press Release
Increasing Demand for Nylon 66 Presents Appreciable
Growth Opportunity for Muconic Acid Market, says TMR
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Muconic Acid Market
REPORT DESCRIPTION
Muconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
The current shift from synthetic to bio-based products has changed the dynamics of the global muconic acid
market. The three key players in the market are Santa Cruz Biotechnology, Myriant Corporation, and SigmaAldrich, holding a large share of the total market. The increasing use of muconic acid as an indirect raw
material in the carpet and textile industry is anticipated to augment the growth of muconic acid market globally,
reports Transparency Market Research in a new study.
Rise in Demand for Derivatives Escalates the Growth of Muconic Acid Market
An increase in the demand for adipic acid has been witnessed in response to high demand for nylon 66 fiber
and resin. This will successively shift the growth the of the global muconic acid market to high gear. Another
advantage of muconic acid is that it leads to lower carbon emission in the manufacturing of adipic acid as
compared to cyclohexane.
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The second largest derivative of muconic acid is caprolactam. Caprolactam is also used as a raw material in
nylon 66 production. Nylon 66 can potentially replace the use of metal in automobiles, making vehicles lighter
in weight. The growing demand for nylon 66 is anticipated to drive the adipic acid market, which in turn will
benefit the muconic acid market globally.
Companies Shift Towards Bio-based Muconic Acid Owing To Increasing Environmental Concerns
“The global muconic acid market has reported modest growth so far,” a TMR analyst states. The global
market, which was at US$61.47 mn in 2015, is anticipated to account for US$86.54 mn in 2020. “Furthermore,
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the evolution of bio-based muconic acid will serve the dual purpose of market growth and environment
conservation,” he adds.
The vendors are shifting towards bio-based adipic acid and caprolactam due to the growing consumer
awareness of bio-based chemicals. This may drive the muconic acid market, but the major drawback with the
production of bio-based muconic acid is that the technology is still at a nascent stage. Moreover, the
alternatives used in producing bio-based adipic acid such as bio-based butadiene, bio-based benzene, and
glucaric acid are well developed in terms of technology and product commercialization.
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However, advanced research and technological development of bio-based muconic acid is anticipated to
create immense opportunities in the market in the coming years.
This review is based on the findings of a TMR report titled “Muconic Acid Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”
This report segments the global muconic acid market as follows:
Muconic Acid Market - Derivative Analysis
•
Adipic acid
•
Caprolactam
•
Others (Terephthalic Acid, hexamethylenediamine and adiponitrile)
Muconic Acid Market - Application Analysis
•
Plastics
•
Carpets & textiles
•
Lubricants
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Muconic Acid Market
•
Others (Biomarkers, etc.)
Muconic Acid Market - Regional Analysis
•
North America
•
Europe
•
Asia Pacific
•
Rest of the World
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.2.1 Global muconic acid market segmentation by derivatives, application and region
1.3 Research scope and assumptions
1.4 Research methodology
Chapter 2 Executive Summary
2.1 Global muconic acid market, 2013 – 2020 (Tons) (USD Thousand)
2.2 Global muconic acid market snapshot, 2013 and 2020
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Chapter 3 Muconic Acid – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
3.3.1 Increasing demand for adipic acid due to rising consumption of nylon 6,6 in various applications
3.3.1.1 Global adipic acid market, 2013 - 2020 (Kilo Tons)(USD Million)
3.3.2 Growing demand for caprolactam due to increasing demand from carpet and textiles industry
3.3.2.1 Global caprolactam market, 2013 – 2020 (Kilo Tons) (USD Million)
3.4 Restraints
3.4.1 Presence of synthetic and bio-based substitutes for production of muconic acid derivatives hampers
market growth
3.5 Opportunities
3.5.1 Shift towards bio-based muconic acid
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat from substitutes
3.6.5 Degree of competition
3.7 Market attractiveness
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3.7.1 Muconic acid market: Market attractiveness analysis, by application
3.8 List of potential buyers of muconic acid
3.9 Muconic acid: Price trend analysis, 2013 – 2020 (USD/Ton)
Chapter 4 Muconic Acid - Derivative Analysis
4.1 Global muconic acid market volume share, by application, 2013 & 2020
4.2 Adipic acid
4.2.1 Global muconic acid market for adipic acid, 2013 - 2020, (Tons) (USD Thousand)
4.3 Caprolactam
4.3.1 Global muconic acid market for caprolactam, 2013 - 2020, (Tons) (USD Thousand)
4.4 Others
4.4.1 Global muconic acid market for other derivatives, 2013 - 2020, (Tons) (USD Thousand)
Chapter 5 Muconic Acid - Application Analysis
5.1 Global muconic acid market volume share, by application, 2013 & 2020
5.2 Plastics
5.2.1 Global muconic acid market for plastics application, 2013 - 2020, (Tons) (USD Thousand)
5.3 Carpets & textiles
5.3.1 Global muconic acid market for carpets & textiles application, 2013 - 2020, (Tons) (USD Thousand)
5.4 Lubricants
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5.4.1 Global muconic acid market for lubricants application, 2013 - 2020, (Tons) (USD Thousand)
5.5 Other
5.5.1 Global muconic acid market for other applications, 2013 - 2020, (Tons) (USD Thousand)
Chapter 6 Muconic Acid - Regional Analysis
6.1 Global muconic acid market volume share, by region, 2013 & 2020
6.2 North America
6.2.1 North America muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
6.2.2 North America muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
6.2.3 North America muconic acid market volume, by application, 2013 - 2020 (Tons)
6.2.4 North America muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
6.3 Europe
6.3.1 Europe muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
6.3.2 Europe muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
6.3.3 Europe muconic acid market volume, by application, 2013 - 2020 (Tons)
6.3.4 Europe muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
6.4 Asia Pacific
6.4.1 Asia Pacific muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
6.4.2 Asia Pacific muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
6.4.3 Asia Pacific muconic acid market volume, by application, 2013 - 2020 (Tons)
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6.4.4 Asia Pacific muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
6.5 Rest of the World (RoW)
6.5.1 RoW muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
6.5.2 RoW muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
6.5.3 RoW muconic acid market volume, by application, 2013 - 2020 (Tons)
6.5.4 RoW muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
Chapter 7 Company Profiles
7.1 Myriant Corporation
7.1.1 Company overview
7.1.2 Financial overview
7.1.3 Business strategy
7.1.4 SWOT analysis
7.1.5 Recent developments
7.2 Santa Cruz Biotechnology, Inc.
7.2.1 Company overview
7.2.2 Financial overview
7.2.3 Business strategy
7.2.4 SWOT analysis
7.3 Sigma-Aldrich Corporation
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7.3.1 Company overview
7.3.2 Financial overview
7.3.3 Business strategy
7.3.4 SWOT analysis
7.3.5 Recent developments
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The current shift from synthetic to bio-based products has changed the dynamics of the global muconic acid market. The three key players in the market are Santa Cruz Biotechnology, Myriant Corporation, and Sigma-Aldrich, holding a large share of the total market. The increasing use of muconic acid as an indirect raw material in the carpet and textile industry is anticipated to augment the growth of muconic acid market globally, reports Transparency Market Research in a new study.

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