Home / Chemical Materials / Succinic Acid - Global Market

Succinic Acid - Global Market

  • Id : RNR-54325
  • Category : Chemical Materials
  • Publish Date : January 2017
  • Pages : 0
  • Format : PDF
License Type

Description
According to Stratistics MRC, the Global Succinic Acid market is accounted for $209.86 million in 2015 and is expected to reach $894.56 million by 2022 growing at a CAGR of 23.01%. Environmental sustainability, increasing use of succinic acid derivatives and bio-based succinic acid are driving the market. However, factors such as high manufacturing cost and instability in raw material costs are hampering the market. The market has immense opportunities in the forthcoming period, which includes demand for bio-based biodegradable plastic and increasing need for green substitutes.

PBS/PBST is the fastest estimated application segment owing to the growing demand for non-degradable and non-toxic plastic packaging components for the PET bottles. Pharmaceuticals accounted for second largest market share with the rise of medical tourism due to advanced healthcare. North American region is experiencing a shift from conventional succinic acid to bio-based succinic acid consumption. Germany is the key consumer of succinic acid in Europe. The largest manufacturers of bio-based succinic acid in Europe are Succinity GmbH and Reverdia. China is the largest consumer of succinic acid in Asia Pacific region and is expected to grow at a highest CAGR during the forecast period.

Some of the key players of the Succinic Acid market include Anhui Sunsing Chemicals Co., Ltd., Anqing Hexing Chemical Co. Ltd., Gadiv Petrochemical Industries Ltd., Grauer & Weil (I) Ltd., Kawasaki Kasei Chemicals Ltd., Linyi Lixing Chemical Co., Ltd., Maanvi Chemicals & Fertilizers, Mitsubishi Chemical Holdings Corporation, Myriant Corporation, New Japan Chemical Co., Ltd., Nippon Shokubai Co. Ltd, Sigma-Aldrich, Sinopec Yangzi Petrochemical, Spectrum Chemical Mfg. Corp., SRS Pharmaceuticals Pvt Ltd., Succinity GmbH, TCI Chemicals (India) Pvt Ltd. and Thirumalai Chemicals Limited.
                  
Applications Covered:
• 1,4-butanediol
• Coatings & Pigments     
• Cosmetics
• De-icing Solutions
• Food and Beverages     
• PBS/PBST
• Personal Care      
• Pharmaceuticals     
• Plasticizers
• Polyurethanes
• Resins, Coatings, Dyes & Inks
• Solvents & Lubricants

Types Covered:
• Petro-Based Succinic Acid
• Bio-Based Succinic Acid

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain     
o Rest of Europe 
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt