Fast Market Research announces the availability of the new TechNavio report, "Global Muconic Acid Market 2015-2019", on their comprehensive research portal

Boston, MA -- (SBWire) -- 09/21/2015 --Fast Market Research announces the availability of Technavio's new report "Global Muconic Acid Market 2015-2019" on their comprehensive research portal.

Muconic acid is a dicarboxylic acid; it is a chemical compound that contains two carboxylic functional groups and is denoted in organic chemistry as -COOH. This carboxylic compound may be either aliphatic or aromatic. Dicarboxylic acid shows reactive behavior to monocarboxylic acid. Muconic acid is produced by the enzymatic degradation of certain aromatic chemical compounds. Muconic acid derivatives are used to manufacture a variety of products such as plastics, lubricants, carpets, and textiles.

Get More Details on this Report and a Full Table of Contents at Global Muconic Acid Market 2015-2019

Technavio's analysts forecast the global muconic acid market to grow at a CAGR of 7.26% over the period 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Muconic Acid Market 2015-2019

Commenting on the report, an analyst from Technavio?s team said: ?As developing countries are focusing more and more on research activities, the muconic acid industry is also carrying out research activities to discover alternative sources from which cheaper muconic acid can be synthesized. The focus on bio-based muconic acid is increasing as it is plant-based and it causes less harm to the environment.?

According to the report, because of the increase in the number of automobile companies and the augmentation of the capacity of the existing companies, the nylon industry is expected to grow at a rapid pace, which will drive the growth of the global muconic acid market.

Further, the report states that muconic acid is facing strong competition from substitutes such as cyclohexane that possess the same properties and are much cheaper. Because of their low cost, these substitutes are hampering the growth of the global muconic acid market. Industries are starting to prefer these substitutes as they do not affect their profit margins.

The key players in the Global Muconic Acid Market are Amyris Inc., Myriant Corp., Santa Cruz Biotechnology Inc. and Sigma-Aldrich Corp. while other prominent vendors include Chemieliva Pharmaceutical, Clearsynth Labs, Hangzhou Dayangchem, Leap Labchem and Watson International

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