Muconic Acid Market Size & Share 2017 - 2024
Market Size by Derivatives (Adipic Acid, Caprolactam), by Application (Plastics, Carpets & Textiles, Lubricants), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast.
Report ID: GMI2171
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Published Date: October 2017
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Muconic Acid Market Size
Muconic Acid Market size was more than USD 37 million in 2016 and will witness 6.5% CAGR during the projected timespan.
Plastic industry is an important end-user. The plastics industry is likely to grow at a CAGR close to 7% during the forecast timeframe. Asia Pacific, led by China, accounted for more than 40% of global plastics production in 2015. Rising popularity of packaged goods, especially food & beverage, will augment plastic packaging demand in the coming years. This will, in turn, fuel muconic acid market size in the production of plastic material (PET, bio-plastics, etc.). In recent times, technological advancements and upgradations have been made in development of biotechnology processes for muconic acid production.Increasing lubricants demand and steadily growing textile industry will play a significant role in fueling muconic acid market size over the forecast timespan. Textile industry is a prime end-user, thus recent technological developments in textile industry will positively influence product demand in the coming years. The global textile market was approximately worth USD 1.7 trillion in 2015, which constitutes close to 2% of world’s GDP. The textile market is poised to grow at over 4% in the coming years. Asia Pacific and Latin America are regions with huge growth potential for textile industry and thus for muconic acid market size growth. In addition, automobile industry is a major user of lubricants and the sturdy rise in demand for passenger vehicles will fuel lubricants demand, which will subsequently propel muconic acid market growth over the forecast timeframe, as the product is used as an additive in lubricants.
The only major challenge for muconic acid market in future will be the increasing government initiatives and environmental regulations regarding ban of plastic material in packaging. This will directly affect product demand in the next few years. However, continuous R&D efforts by market players to produce muconic acid through biotechnological methods through renewable sugar sources and various others, will positively influence product demand during the forecast timespan.
Muconic Acid Market Analysis
Adipic acid held major chunk of overall muconic acid market in 2016 and accounted for more than 50% of the total industry share in the same year. Adipic acid is precursor to nylon synthesis. Nylon is extensively used in textile industry. Rising disposable income of consumers and amplified spending power in specially Asia Pacific countries including India, China, Thailand, Japan, Malaysia, etc. will propel textile industry growth in this region. This implies positive growth for product demand in the forecast timeframe.
Carpets & textile led the global muconic acid market in 2016 in terms of volume and value. It is likely to attain a CAGR of more than 5% during the forecast period. The product is majorly used for producing adipic acid, which is widely used in synthesizing nylon. Nylon is an important fabric of textile industry. It is used in production of garments, linen and carpets. Asia Pacific is the leading region in terms of textile production and exports, according to World Trade Organization. Thus, carpet & textile industry has bright growth opportunities in this region, which indicates equivalent growth avenues for muconic acid market in the coming years.
Plastics is another important application segment that has huge market opportunities over the next few years. Plastics are widely used in many end-user industries for packaging, as these are cost-competitive and have pressure resistance and high strength. The product is used in manufacturing bioplastics, PET and other polymers, which are prime components of plastic bottles, boxes, pouches and cans. Growing packaging industry shall be driving plastics demand, which will eventually fuel product demand over the forecast timeframe. Moreover, rising popularity of bio-based production processes for muconic acid shall be a key factor promoting product demand in the forecast duration.
In 2016, North America led the global muconic acid market size, in terms volume and value. Continuously growing automobile industry with rapid technological changes in textile industry will complement business growth. Growing concern among consumers about usage of bio-based products, shall be a major factor influencing the popularity of bio-based muconic acid among manufacturers. Europe shall witness moderate growth rate for muconic acid market owing to mature textile and plastics industry.
Asia Pacific muconic acid market is likely to experience tremendous growth over the forecast timespan due to continuously increasing product demand from textile and automobile industries. China muconic acid market is a major industrial hub and shall be primarily responsible for future surged product demand in this region. Furthermore, huge market for plastic packaging options is a positive outlook for the product in this region.
Muconic Acid Market Share
Global muconic acid market is moderately competitive with major players accounting more than 50% of the market share in 2016. Key players operating in the business are:
The industry players have multinational presence with a wide base of distribution network and years of experience in muconic acid market.
Companies operating in this market have various kinds of business structures. Some focus on providing product to research and academic institutions for use in practical studies while some are focusing on improving product properties for long-term sustainability. For instance, Myriant corporation is using flexible technology platform to develop bio-based products that can be used conveniently in variety of applications.
Industry Background
Muconic acid is naturally occurring dicarboxylic acid. It is widely used as a chemical intermediate for the production of caprolactam, adipic acid, which are precursor to fibers, textiles and plastics. Adipic acid is a prime ingredient in manufacturing Nylon- 6, 6, which is extensively used in textile industry. The product is also used to manufacture food additives, pharmaceuticals and agrochemicals. Companies are investing in technologies are to increase the product usage in unexplored industries.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →