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Published Date: 2014-08-08Number of Pages: 58

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

Muconic acid is found in three isomers: cis, cis-muconic acid; cis, trans-muconic acid; and trans, trans-muconic acid. These isomers vary in geometry depending upon the double bonds around them. Many companies and universities hold patents for the production of muconic acid. Companies and universities produce muconic acid through the fermentation process with the help of genetically modified microbial species. Of late, muconic acid has garnered significant interest, as it has the potential to be used as a platform chemical in the production of nylon 6,6, polyurethane (as adipic acid intermediate), and polyethylene terephthalate (PET) (as terephthalic acid intermediate).

Increasing demand for nylon is expected to augment growth of the muconic acid market during the forecast period. Demand for adipic acid and muconic acid rises due to increase in demand for nylon. Additionally, muconic acid is used as a biomarker in determining occupational exposure to benzene. However, availability of cheaper substitutes, such as cyclohexane and benzene, for the production of adipic acid is anticipated to hamper market growth. Development of low-cost muconic acid in the near future is estimated to create significant opportunities in the market.

Adipic acid, a major derivative of muconic acid, accounted for 86.0% of the global muconic acid market in terms of volume in 2013. Currently, most of the adipic acid is produced from synthetic cyclohexane; a small quantity of adipic acid is produced from bio-based or renewable sources. However, shift towards bio-based adipic acid is projected to boost the muconic acid market. In 2013, caprolactam emerged as the second-largest derivative of muconic acid in terms of volume and revenue. Growth in the carpet industry in developed countries and textile industry in developing countries is likely to drive the caprolactam market. In terms of revenue, other derivatives of muconic acid, including TPA, hexamethylenediamine (HMD) and adiponitrile (ADN), are expected to be valued at USD 338.3 thousand by 2020.

Carpets & textiles emerged as the largest application segment of the muconic acid market in terms of volume and revenue in 2013. Plastics followed carpets & textile application of muconic acid in terms of volume and revenue in 2013. Plastics find major applications in automobiles in tire cords and other manufacturing parts such as conveyor belts. Growth in carbon emissions and legislations laid down by regulatory bodies to reduce these emissions is anticipated to increase the usage of muconic acid for nylon production as nylon offers properties such as high tensile strength and lightness in weight. In terms of volume, plastics application is estimated to be the fastest application segment of muconic acid, growing at a CAGR of 4.3% between 2014 and 2020. Other applications of muconic acid include its usage in research applications and in biomarkers for diagnosing occupational diseases.
North America led the global market for muconic acid, with 39.1% of market share in 2013. Carpets & textiles was the largest application segment in the region due to high demand for nylon; muconic acid can be used as a building block in the production of nylon. Europe emerged as the second-largest consumer of muconic acid owing to high demand for nylon in the automotive industry. In terms of revenue, the muconic acid market in Asia Pacific is projected to grow at a moderate rate from 2014 to 2020. Rest of Asia Pacific accounted for smaller share in the market in 2013.

The global market for muconic acid is at a nascent stage, with very few players operating in the market. Companies such as Myriant Corporation plan to commercialize muconic acid on a large scale in the next few years. Due to high cost of production, market players are focusing on development of technologies that are capable of lowering the overall production cost of muconic acid. Hence, technological development is likely to create immense opportunities in the market in the near future.

global-muconic-acid-market


Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
       1.2.1 Global muconic acid market segmentation by derivatives, application and region
1.3 Research scope and assumptions
1.4 Research methodology

Chapter 2 Executive Summary
2.1 Global muconic acid market, 2013 – 2020 (Tons) (USD Thousand)
2.2 Global muconic acid market snapshot, 2013 and 2020

Chapter 3 Muconic Acid – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
       3.3.1 Increasing demand for adipic acid due to rising consumption of nylon 6,6 in various applications
               3.3.1.1 Global adipic acid market, 2013 - 2020 (Kilo Tons)(USD Million)
       3.3.2 Growing demand for caprolactam due to increasing demand from carpet and textiles industry
               3.3.2.1 Global caprolactam market, 2013 – 2020 (Kilo Tons) (USD Million)
3.4 Restraints
       3.4.1 Presence of synthetic and bio-based substitutes for production of muconic acid derivatives hampers market growth
3.5 Opportunities
       3.5.1 Shift towards bio-based muconic acid
3.6 Porter’s five forces analysis
       3.6.1 Bargaining power of suppliers
       3.6.2 Bargaining power of buyers
       3.6.3 Threat of new entrants
       3.6.4 Threat from substitutes
       3.6.5 Degree of competition
3.7 Market attractiveness
       3.7.1 Muconic acid market: Market attractiveness analysis, by application
3.8 List of potential buyers of muconic acid
3.9 Muconic acid: Price trend analysis, 2013 – 2020 (USD/Ton)

Chapter 4 Muconic Acid - Derivative Analysis
4.1 Global muconic acid market volume share, by application, 2013 & 2020
4.2 Adipic acid
       4.2.1 Global muconic acid market for adipic acid, 2013 - 2020, (Tons) (USD Thousand)
4.3 Caprolactam
       4.3.1 Global muconic acid market for caprolactam, 2013 - 2020, (Tons) (USD Thousand)
4.4 Others
       4.4.1 Global muconic acid market for other derivatives, 2013 - 2020, (Tons) (USD Thousand)

Chapter 5 Muconic Acid - Application Analysis
5.1 Global muconic acid market volume share, by application, 2013 & 2020
5.2 Plastics
       5.2.1 Global muconic acid market for plastics application, 2013 - 2020, (Tons) (USD Thousand)
5.3 Carpets & textiles
       5.3.1 Global muconic acid market for carpets & textiles application, 2013 - 2020, (Tons) (USD Thousand)
5.4 Lubricants
       5.4.1 Global muconic acid market for lubricants application, 2013 - 2020, (Tons) (USD Thousand)
5.5 Other
       5.5.1 Global muconic acid market for other applications, 2013 - 2020, (Tons) (USD Thousand)

Chapter 6 Muconic Acid - Regional Analysis
6.1 Global muconic acid market volume share, by region, 2013 & 2020
6.2 North America
       6.2.1 North America muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
       6.2.2 North America muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
       6.2.3 North America muconic acid market volume, by application, 2013 - 2020 (Tons)
       6.2.4 North America muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
6.3 Europe
       6.3.1 Europe muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
       6.3.2 Europe muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
       6.3.3 Europe muconic acid market volume, by application, 2013 - 2020 (Tons)
       6.3.4 Europe muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
6.4 Asia Pacific
       6.4.1 Asia Pacific muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
       6.4.2 Asia Pacific muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
       6.4.3 Asia Pacific muconic acid market volume, by application, 2013 - 2020 (Tons)
       6.4.4 Asia Pacific muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
6.5 Rest of the World (RoW)
       6.5.1 RoW muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
       6.5.2 RoW muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
       6.5.3 RoW muconic acid market volume, by application, 2013 - 2020 (Tons)
       6.5.4 RoW muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)

Chapter 7 Company Profiles
7.1 Myriant Corporation
       7.1.1 Company overview
       7.1.2 Financial overview
       7.1.3 Business strategy
       7.1.4 SWOT analysis
       7.1.5 Recent developments
7.2 Santa Cruz Biotechnology, Inc.
       7.2.1 Company overview
       7.2.2 Financial overview
       7.2.3 Business strategy
       7.2.4 SWOT analysis
7.3 Sigma-Aldrich Corporation
       7.3.1 Company overview
       7.3.2 Financial overview
       7.3.3 Business strategy
       7.3.4 SWOT analysis
       7.3.5 Recent developments

List of Figures 

FIG. 1 Global muconic acid market segmentation by derivatives, application and region
FIG. 2 Global muconic acid market, 2013 – 2020 (Tons) (USD Thousand)
FIG. 3 Muconic Acid Market: Value chain analysis
FIG. 4 Global adipic acid market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 5 Global caprolactam market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 6 Porter’s five forces analysis
FIG. 7 Muconic acid market: Market attractiveness analysis, by application
FIG. 8 Global muconic acid market volume share, by application, 2013 & 2020
FIG. 9 Global muconic acid market for adipic acid, 2013 - 2020, (Tons) (USD Thousand)
FIG. 10 Global muconic acid market for caprolactam, 2013 - 2020, (Tons) (USD Thousand)
FIG. 11 Global muconic acid market for other derivatives, 2013 - 2020, (Tons) (USD Thousand)
FIG. 12 Global muconic acid market volume share, by application, 2013 & 2020
FIG. 13 Global muconic acid market for plastics application, 2013 - 2020, (Tons) (USD Thousand)
FIG. 14 Global muconic acid market for carpets & textiles application, 2013 - 2020, (Tons) (USD Thousand)
FIG. 15 Global muconic acid market for lubricants application, 2013 - 2020, (Tons) (USD Thousand)
FIG. 16 Global muconic acid market for other applications, 2013 - 2020, (Tons) (USD Thousand)
FIG. 17 Global muconic acid market volume share, by region, 2013 & 2020

List of Figures 

TABLE 1 Global muconic acid market snapshot
TABLE 2 Drivers for the muconic acid market: Impact analysis
TABLE 3 Restraints for muconic acid market: Impact analysis
TABLE 4 List of potential buyers of muconic acid
TABLE 5 Muconic acid: Price trend analysis, 2013 – 2020 (USD/Ton)
TABLE 6 North America muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
TABLE 7 North America muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
TABLE 8 North America muconic acid market volume, by application, 2013 - 2020 (Tons)
TABLE 9 North America muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
TABLE 10 Europe muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
TABLE 11 Europe muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
TABLE 12 Europe muconic acid market volume, by application, 2013 - 2020 (Tons)
TABLE 13 Europe muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
TABLE 14 Asia Pacific muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
TABLE 15 Asia Pacific muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
TABLE 16 Asia Pacific muconic acid market volume, by application, 2013 - 2020 (Tons)
TABLE 17 Asia Pacific muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)
TABLE 18 RoW muconic acid market volume, by derivatives, 2013 - 2020 (Tons)
TABLE 19 RoW muconic acid market revenue, by derivatives, 2013 - 2020 (USD Thousand)
TABLE 20 RoW muconic acid market volume, by application, 2013 - 2020 (Tons)
TABLE 21 RoW muconic acid market revenue, by application, 2013 - 2020 (USD Thousand)

Increasing demand for nylon fibers from the carpets and textiles industry is expected to boost the growth of the adipic acid and caprolactam market. This, in turn, is anticipated to drive the muconic acid market. Muconic acid forms an intermediate in the production of adipic acid, caprolactam, terephthalic acid (TPA), etc. However, muconic acid is currently not preferred in the production of its derivatives on a large scale due to its low yield and subsequent high price. Other substitutes such as cyclohexane are preferred over muconic acid as they are easily available at cheaper rates. Thus, these substitutes are estimated to hamper market growth during the forecast period. However, development of bio-based muconic acid is projected to offer immense opportunities in the market in the near future. Currently, companies such as Invista, Verdezyne and Rennovia produce bio-based adipic acid through the fermentation of glucose.

The market has been estimated in terms of demand for muconic acid rather than production for muconic acid from 2013 to 2020. Initially, extensive secondary research was conducted using secondary sources such as company annual reports, news articles, press releases and patents. Several secondary sources referred for this study include ICIS, Chemical Weekly, the Environmental Protection Agency (EPA), Global Chemicals Outlook and PU Daily. In order to validate secondary findings, primary interviews were conducted with key industry participants of the market. Participants include CEOs, VPs, sales & marketing managers, operations managers, purchase managers, research scientists and distributors. This method has resulted in estimating accurate market data and future trends of the market. The global muconic acid market was forecasted using the top-down approach for estimating and forecasting by region. The bottom-up approach was used for estimating and forecasting derivatives and applications of muconic acid. 

This report analyzes demand for muconic acid in terms of volume (tons) and revenue (USD thousand) from 2013 to 2020. The market is segmented based on muconic acid derivatives and applications. Major derivatives of muconic acid include adipic acid, caprolactam and others. Muconic acid is segmented based on applications such as plastics, carpets & textiles, lubricants and others. These derivatives and applications have been estimated for each region including North America, Europe, Asia Pacific, and Rest of the World from 2013 to 2020 in terms of volume and revenue.

The study includes a detailed analysis of factors driving and restraining market growth and their impact on the market during the forecast period. It also includes market estimates and forecast for major derivatives that are driving the muconic acid market. Additionally, the report includes upcoming opportunities in the market. The report comprises a detailed value chain analysis in order to study value addition at each stage. Porter’s five forces model analyzes competition in the market and its impact on buyers, suppliers, substitutes, new entrants, and degree of competition. This helps in analyzing bargaining power of suppliers as well as buyers in the muconic acid market and its impact on the new entrants. The market attractiveness analysis gauges the highly attractive application area of muconic acid. It also includes the list of potential buyers that are major players in the muconic acid derivatives market. The study includes price trend analysis of muconic acid on the global level.

The report comprises company profiles of major players in the market. These profiles cover manufacturers as well as distributors of muconic acid. Company profiles offer an overview of companies, their financial overview, business strategies, SWOT analysis and recent developments. Major participants profiled in the report include Myriant Corporation, Santa Cruz Biotechnology, and Sigma-Aldrich. 

This report segments the global muconic acid market as follows:
  • Muconic Acid Market - Derivative Analysis
    • Adipic acid
    • Caprolactam
    • Others (Terephthalic Acid, hexamethylenediamine and adiponitrile)
  • Muconic Acid Market - Application Analysis
    • Plastics
    • Carpets & textiles
    • Lubricants
    • Others (Biomarkers, etc.)
  • Muconic Acid Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World


 
 
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