London, 24 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global muconic acid market 2015-2019, which is expected to grow at a CAGR of 6.43% during 2014-2019.
“The high cost and the regulations implemented by the environmental regulators have led to the development of eco-friendly and cost-effective muconic acid,” says Faisal Ghaus, Vice President of Technavio.
The focus on bio-based muconic acid is increasing as it is plant-based and it causes less harm to the environment.”
Key Market Drivers
- Increasing Demand for Nylon Fibers
- Growth of Carpets and Textiles Industries
- Growth in Demand for Plastics
- Rapid Industrialization
Key Market Trends
- Increased Preference for Bio-based Muconic Acid Products
- R&D to Develop Cheaper Forms of Muconic Acid
Key Market Vendors
- Amyris Inc.
- Myriant Corp.
- Santa Cruz Biotechnology Inc.
- Sigma-Aldrich Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
