Global Succinic Acid Market overview:

Detailed Study on Succinic Acid Market is growing at a CAGR during Forecasts year 2022. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

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The Succinic Acid Market is growing demand from the food & beverage industry is likely to be the major driver for the growth of the Global Succinic Acid Market. Factors such as changing dietary patterns, increasing number of working women, and growing per-capita income across the globe are boosting the growth of the food & beverage industry. Another key driver for the growth of the product market is the availability of bio-based alternatives. Stringent environmental regulations in developed regions such as North America and Europe are expected to boost the demand for bio-based succinic acid and, thus, provide a growth impetus for the global succinic acid market. Succinic acid is used to manufacture the industrial solvent 1, 4-Butanediol, which is used for manufacturing plastics, elastic fibers, and polyurethanes. The growing use of polyurethane and plastics in various end-use industries is also contributing to product demand.

Global Succinic Acid Market is segmented on the basis of Type, Application, Industry and Regions. On the basis of Type segment into Bio-based are projected to register the fastest growth in comparison to petro-based succinic acid in the Global Succinic Acid Market. The demand for bio-based succinic acid is mainly driven by its ability to reduce carbon footprint by reducing greenhouse gas emissions and lowering energy consumption. Thus, bio-based succinic acid is used in various applications, such as high-performance PBS/PBST, polyurethanes, polymers, construction, and packaging, among others.

According the regional analysis, Western Europe was the largest market for succinic acid, in terms of value and volume, in 2018. Rising investments by foreign companies; growing production facilities; strong industrial base for construction, packaging, and automotive sectors; and rise in standard of living are the major factors contributing to the growth of the succinic acid market in this region. The growing demand for low volatile and eco-friendly bio-based materials in automotive coatings, packaging, furniture, and pharmaceuticals have led to the growth of succinic acid in this region.

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Major Key Players:

1 BASF

2 BioAmber

3 DSM

4 Gadiv Petrochemical

5 Kawasaki Kasei Chemicals

6 Mitsubishi

7 Mitsui

8 Myriant Technologies

9 Nippon

10 PTT Global

11 Purac Biochem

12 Reverdia

13 Showa Denko

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Succinic Acid Market Report 2018

1 Succinic Acid Definition

2 Global Succinic Acid Market Major Player Share and Market Overview

3 Major Player Succinic Acid Business Introduction

4 Global Succinic Acid Market Segmentation (Region Level)

5 Global Succinic Acid Market Segmentation (Product Type Level)

6 Global Succinic Acid Market Segmentation (Industry Level)

7 Global Succinic Acid Market Segmentation (Channel Level)

8 Succinic Acid Market Forecast 2018-2022

9 Succinic Acid Segmentation Type

10 Succinic Acid Segmentation Industry

11 Succinic Acid Cost Analysis

12 Conclusion

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