Research and Markets: Amyris, Myriant, Santa Cruz Biotechnology, Sigma Aldrich Dominate the Global Muconic Acid Market, 2015 Report Says
August 21, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/7z9kbn/global_muconic) has announced the addition of the “Global Muconic Acid Market 2015-2019” report to their offering.
Muconic acid is a dicarboxylic acid; it is a chemical compound that contains two carboxylic functional groups and is denoted in organic chemistry as -COOH. This carboxylic compound may be either aliphatic or aromatic. Dicarboxylic acid shows reactive behavior to monocarboxylic acid. Muconic acid is produced by the enzymatic degradation of certain aromatic chemical compounds. Muconic acid derivatives are used to manufacture a variety of products such as plastics, lubricants, carpets, and textiles.
As developing countries are focusing more and more on research activities, the muconic acid industry is also carrying out research activities to discover alternative sources from which cheaper muconic acid can be synthesized. The focus on bio-based muconic acid is increasing as it is plant-based and it causes less harm to the environment.
According to the report, the global muconic acid market to grow at a CAGR of 7.26% over the period 2014-2019. Because of the increase in the number of automobile companies and the augmentation of the capacity of the existing companies, the nylon industry is expected to grow at a rapid pace, which will drive the growth of the global muconic acid market.
Further, the report states that muconic acid is facing strong competition from substitutes such as cyclohexane that possess the same properties and are much cheaper. Because of their low cost, these substitutes are hampering the growth of the global muconic acid market. Industries are starting to prefer these substitutes as they do not affect their profit margins.
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Introduction
- Market Landscape
- Market Segmentation by Derivatives
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
Companies Mentioned
– Amyris Inc.
– Chemieliva Pharmaceutical
– Clearsynth Labs
– Hangzhou Dayangchem
– Leap Labchem
– Myriant Corp.
– Santa Cruz Biotechnology Inc.
– Sigma-Aldrich Corp
– Watson International
For more information visit http://www.researchandmarkets.com/research/7z9kbn/global_muconic
View source version on businesswire.com: http://www.businesswire.com/news/home/20150821005396/en/
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