Growing Importance of Bio-based Chemicals to Fuel the Global Muconic Acid Market

The global muconic acid market is driven by the market for caprolactam and adipic acid. The latter derives its demand from the expanding textiles and carpets market. Nylon is a key fiber that is used in the market for carpets and textiles. The surging demand for nylon fuels the global market for muconic acid. Muconic acid as an intermediate agent used in the production of terephthalic acid, caprolactam, and adipic acid. Application-wise, the global muconic acid market is segmented into lubricants, plastics, carpets and textiles, and others. 

In 2013, the segment for carpets and textiles held the largest share within the application segment of the global muconic acid market. Geographically, this market is segmented into Asia Pacific, Europe, North America, and Rest of the World. With a market share of almost 40%, the global muconic acid market is dominated by North America. Being at a nascent stage, there are only a few companies operating in the global muconic acid market. Owing to the robust production of muconic acid derivatives, Europe and North America will remain the leading regional players in the global muconic acid market. 

Browse Muconic Acid Market Report with Full TOC at http://www.transparencymarketresearch.com/muconic-acid-market.html

Threat of Substitutes to Hamper Market Growth 

A key challenge in the global muconic acid market is the availability of bio-based and synthetic substitutes such as butadiene, bio-succinic acid, and cyclohexane, which in turn brings down the demand for muconic acid derivatives. With the widespread implementation of government regulations discouraging the use of petrochemicals derived components, the growing importance of bio-based muconic acid is anticipated to give a significant boost to the global muconic acid market in the years to come. 

Sigma-Aldrich Corporation, Santa Cruz Biotechnology Inc., and Myriant Corporation are the prominent companies operating in the global muconic acid market. Myriant Corporation is making use of its flexible technology to develop newer ways of manufacturing renewable muconic acid. This company is mainly focusing on expanding its product portfolio via the development of bio-based chemicals such as muconic acid. 

Use of the Deinococcus Bacteria in the Production of Renewable Muconic Acid

The global muconic acid market at present is characterized by most players shifting their focus towards developing bio-based muconic acids. Recently, France based biotechnology firm, Deinove came up with an innovative technique for manufacturing bio-based chemicals and biofuels that make use of the deinococcus bacteria. The company also stated that it has found out a way of deriving muconic acid from the deinococcus bacteria. Deinove will soon be establishing an R&D platform, the focus of which would be the production of muconic acid from this bacteria.

Browse Press Release 

With the help of its metabolic engineering techniques, Deinove has developed the deinococcus bacterium, which has the capacity to internally produce renewable muconic acid. Renewable muconic acid is a highly-sought after component that is derived from different types of feedstocks. The key factors that have created a strong base for Deinove to manufacture muconic acid are favorable economics of production, real market demand for muconic acid, and the presence of a large market for the same. 

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