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Muconic Acid Market is Projected to be Worth US$86.54 Million By The End Of 2020

Augmenting demand for nylon is anticipated to stimulate the growth of the global muconic acid market in the near future. Muconic acid is a dicarboxylic acid, obtained in three isomers, namely cis,trans-muconic, cis,cis-muconic, and trans,trans-muconic acids. These types can be distinguished by comparing the geometry around their double bonds. Currently, muconic acid has gathered focus from many industries, as it can be used as a base chemical in the preparation of products such as polyethylene terephthalate (PET), polyurethane (as adipic acid intermedisate), and nylon 6,6. Universities and companies alike have been producing muconic acid with the fermentation process using genetically modified microbial species.

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Transparency Market Research (TMR) estimates that the global market for muconic acid is expected to reach US$86.54 mn by value, by the end of 2020.

  • Increasing Demand for Adipic Acid to Assist Growth of Muconic Acid Market

Adipic acid, a prominent derivative of muconic acid, is expected to contribute a dominant share to the overall market of muconic acid. Adipic acid is used for various applications such as detergents, plasticizers, and coatings. However, it is prominently used as a monomer for the synthesis of nylon 6-6. Currently, adipic acid is principally manufactured from synthetic cyclohexane. However, the trend of using renewable or bio-based sources is motivating manufacturers to use muconic acid to produce adipic acid.

The information Presented in this Review is Based on Press-Release by TMR

It is anticipated that the rising demand for nylon will propel the market for adipic acid, assisting the growth of the global muconic acid market. Adipic acid has a low potential for bioaccumulation and is readily biodegradable. These eco-friendly physical and chemical properties are allowing manufacturers to use adipic acid over synthetic cyclohexane. Following adipic acid, caprolactam has garnered significant interest owing to the growth of the textile industry in developing countries and the carpet industry in developed countries. Other derivatives such as adiponitrile, hexamethylenediamine, and TPA are envisioned to be collectively form a market of US$338.3 thousand by the end of 2020.

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