European Bio Succinic Acid Market Trends, Size, Forecast - 2019-2025


Posted June 1, 2020 by pooja1919

The European bio succinic acid market is estimated to grow at a significant growth rate of 23.0% over the forecast period from $65.0 million in 2018.

 
The European bio succinic acid market is estimated to grow at a significant growth rate of 23.0% over the forecast period from $65.0 million in 2018. Major economies contributing to the market in Europe include UK, Germany, France, Spain and Italy among various others. The key reason which is promoting the growth of the bio-succinic acid market includes the established chemical sector in the region which is promoting the increase in demand for bio-succinic acid for various applications including cosmetic, pharma as well as food and beverage industry.

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As per the European Chemical Industry Council (CEFIC), Europe is the second-largest producer of chemicals across the globe. According to CEFIC, the BRIC countries (Brazil, Russia, India, and China) accounted for 42.8% of global chemical sales in 2018. Nearly three-quarters of global chemical sales were attributable to BRIC, the EU along with the US in 2018. Thus, the rising chemical industry is expected to provide ample opportunities and in turn, enhance the growth of the market in the region. Moreover, food and beverages, pharma and other applications are expected to create significant opportunities for the growth of the market in the future years, thereby promoting the growth of the market during the forecast period.

A full report of European Bio Succinic Acid Market is available at: https://www.omrglobal.com/industry-reports/european-bio-succinic-acid-market

European Bio Succinic Acid Market Segmentation

By Application

Chemical Industry

Pharmaceutical Industry

Food & Beverage Industry

Others (Cosmetic Industry)

By Raw Material

Corn

Sugarcane

Cassava

Others (Coffee Husk)

Regional Analysis

UK

Germany

France

Italy

Spain

Rest of Europe

Company Profiles

Anqing Hexing Chemical Co., Ltd.

BASF SE

Corbion N.V.

Jin Hui Zhao Long High-Tech Co., Ltd.

LCY Chemical Corp.

Merck KGaA

Mitsubishi Chemical Corp.

Reverdia V.O.F.

Roquette Freres SA

Shandong Landian Biological Technology Co., Ltd.

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Last Updated June 1, 2020