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. Browse The Full Market Report , Here : http://www.transparencymarketresearch.com/muconic-acid-market.html
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