Global Bio-succinic Acid Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Global Bio-succinic Acid Market Covers a complete market structure across the world with the detailed analysis of major key factors. This report provides strategic recommendations consulted by the industrial experts including market forecasts, profit, supply, latest market trends, demands and much more
Succinic acid is a pivotal intermediate chemical that has a myriad of applications in the production of a wide variety of specialty and commodity chemicals. It is known to offer an extensive array of utilities encompassing polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates and cosmetics among many others. On earlier accounts, petroleum was the sole source of deriving succinic acid but, in the recent times, the current manufacturing procedures have commenced making use of renewable feedstock for extracting this vital compound. This biological procedure of obtaining succinic acid is sustainable, efficient, economical and environment-friendly which all work towards giving rise to a greater demand in the market.
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The Key Players Covered in this report:
• BASF
• Mitsubishi Chemical
• Mitsui
• DSM
• Myriant and More…..
Reasons to Purchase this Report
• To understand the impact of end-user applications on the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• To understand the dominating type in the market
• Countries expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
Segmentation by product type:
• Bio-Based
• Petro-Based
• Others
Segmentation by application:
• Polyurethanes
• Resins, Pigments & Coatings
• Pharmaceuticals
• PBS/PBST
• Food & Beverage
• Plasticizers
• Personal Care
• Solvents & Lubricants
• De-icer Solutions
• Others
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Scope of the Report:
• This report focuses on the Bio-succinic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
• Increasing demand for BDO and its derivatives including Tetrahydrofuran (THF), Gamma-Butyrolactone (GBL), and Polybutylene Terephtalate (PBT) in numerous applications such as pharmaceuticals and engineering plastics is likely to stimulate the demand. In addition, growing applications in lubricants, pigments, personal care products, and food colorants will spur the market penetration. Growing awareness regarding the benefits of using bio-based chemicals in packaging and food industry is expected to drive the demand. Increasing use of bio-succinic on account of reduction in carbon footprints along with favorable regulatory support in light of rising awareness towards hazards associated with usage of petroleum-based chemicals is expected to augment market growth. Bio-succinic acid can be used as a replacement to phthalic anhydride in manufacturing alkyd resins and offers cost-effectiveness and environmental advantages, which in turn will propel its growth over the next six years.
• In North America, factors such as volatility in prices of C4 petroleum-based feedstock have driven development of bio-based chemicals such as bio-based succinic acid. Several industries in the region have commenced commercializing the production of bio-based succinic acid via fermentation of sugars. Numerous large-scale production facilities of bio-based succinic acid have been erected in the region, which in turn are proliferating their demand and supply among end-users. North America is anticipated to become the largest market for bio-based succinic acid by 2026-end.
Table of Contents
1 Market Overview
2 Manufacturers Profiles
3 Global Bio-succinic Acid Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
4 Global Bio-succinic Acid Market Analysis by Regions
5 North America Bio-succinic Acid by Countries
6 Europe Bio-succinic Acid by Countries
TOC Continued….!
Tables And Figures
• Figure Bio-succinic Acid Picture
• Table Product Specifications of Bio-succinic Acid
• Figure Global Sales Market Share of Bio-succinic Acid by Types in 2017
• Table Bio-succinic Acid Types for Major Manufacturers
• Figure Bio-Based Picture
• Figure Petro-Based Picture
• Figure Others Picture
• Figure Bio-succinic Acid Sales Market Share by Applications in 2017
• Figure Polyurethanes Picture
• Figure Resins, Pigments & Coatings Picture
• Figure Pharmaceuticals Picture
• Figure PBS/PBST Picture
• Figure Food & Beverage Picture
• Figure Plasticizers Picture and More….
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