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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Muconic Acid Market
Request Now !Muconic acid (COOH) is a naturally occurring chemical molecule that can also be produced from sorbic acid and its salts. It's a carboxylic acid with two carboxylic functional groups that's called a dicarboxylic acid.
Muconic acid derivatives, such as adipic acid and caprolactam, are used to make a variety of products, including PET and other lubricants, carpets, plastics, polymers and textiles which are then utilized as key raw materials to make plastic bottles, pouches, boxes and cans. Muconic acid bio-production can also be used as a substrate for the synthesis of a variety of consumer bio-plastics, such as nylon 66, polyethylene terephthalate and polyurethane.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020-2030 |
Base Year Considered | 2020 |
Forecast Period | 2021-2030 |
Forecast Unit | Value (USD) |
Segments Covered | Derivative, Application and Region |
COVID-19 Impact analysis
Top Impacting Factors
The textile sector is a key end user of muconic acid, and it is predicted to increase at a steady rate of 3% to 5% over the next five years, owing to rising consumer expenditure, especially in emerging markets. The global muconic acid market is likely to benefit as a result of this. Moreover, muconic acid is largely employed in the manufacture of plastics, which are used in the manufacture of a variety of items such as containers, bags, and films. The worldwide plastic packaging business is predicted to be driven by rising packaged product demand. Furthermore, demand for lubricants has increased significantly in a number of end-use industries, including the, automobile, chemical and industrial industries. This is also projected to have a significant effect on global muconic acid demand.
Market Trends
Key Benefits of the Report
Key Market Segments
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By Derivatives |
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Key Market Players
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