Muconic acid has been widely used in the production of nylon fibers, polyethylene terephthalate and polyurethane. The escalating demand for bio-based products along with recent advancements in its production through biotechnological routes is anticipated to foster the market growth in the coming years.

As per the recent market research report by IMARC Group, titled “Muconic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global muconic acid market reached a value of US$ 79.6 Million in 2018. Muconic acid is a hexadienedioic acid with the chemical formula C6H6O4. It is a high-value bio-product with conjugated double bonds and reactive dicarboxylic groups.