PUBLISHER: IMARC | PRODUCT CODE: 1754200
PUBLISHER: IMARC | PRODUCT CODE: 1754200
The global muconic acid market size reached USD 115.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 181.2 Million by 2033, exhibiting a growth rate (CAGR) of 4.89% during 2025-2033.
Muconic acid, denoted as COOH, is a chemical compound which occurs naturally and can also be sourced from sorbic acid and its salts. It is a dicarboxylic acid which includes two carboxylic functional groups. 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 moderate growth 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.
Based on the derivatives, the market has been segmented into adipic acid, caprolactam and others.
Based on the application, the market has been segmented into carpets and textiles, plastics, lubricants and others. Carpets and textiles currently represent the biggest application.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Santa Cruz Biotechnology Inc., Merck KGaA, Amyris Inc., Dynacare (Laboratory Corporation of America Holdings), Thermo Fisher Scientific Inc., Tokyo Chemical Industry (India) Pvt. Ltd., Toronto Research Chemicals Inc.
This report provides a deep insight into the global muconic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the muconic acid industry in any manner.