Muconic Acid Market Is Expected to Reach Usd 86.54 Million in 2020

Transparency Market Research

Muconic Acid Market By Derivatives (Adipic Acid, Caprolactam and Others) For Plastics, Carpets and Textiles, Lubricants and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date 08-Aug-2014

58 Page Report

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Muconic Acid Market is Expected to Reach USD 86.54 million in 2020: Transparency Market Research

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Moconic Acid Market By Derivatives

REPORT DESCRIPTION

Muconic Acid Market By Derivatives (Adipic Acid, Caprolactam and Others) For Plastics, Carpets and Textiles, Lubricants and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 2020 Transparency Market Research has released a new market report titled “Muconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” According to the report, the global muconic acid market was valued at USD 54.21 million in 2013 and is anticipated to reach USD 86.54 million by 2020, expanding at a CAGR of 7.0% from 2014 to 2020. Browse the full report at http://www.transparencymarketresearch.com/muconic-acid-market.html Rising demand for muconic acid derivatives, especially adipic acid and caprolactam, is estimated to drive the global muconic acid market. Additionally, increasing consumer awareness about bio-based products is likely to augment market growth. However, presence of synthetic and bio-based substitutes, such as cyclohexane, bio-succinic acid and butadiene, is projected to inhibit market growth during the forecast period. Growth in environmental concerns related to the usage of petrochemical-derived products is likely to provide large opportunities for the bio-based muconic acid market. Bio-based muconic acid has high...