Succinic Acid Market:
The global succinic market has witnessed a significant growth over the last decade and it has been analyzed that the global market will achieve the same growth during the forecast period. As per MRFR analysis, the global succinic market is accounted to reach USD 750 million by 2022 with a CAGR of 29%.
The major factors which are driving the global market are growing application segment, rising interest in green chemicals, shifting trends towards bio based succinic acid, increase use in pharmaceutical sector and succinic acid has replaced the use of adipic acid and others. Geographically, Europe has accounted the largest market share in 2015 and expected to lead the market during the forecast period. Followed by Asia-Pacific and North America.
Study Objectives of Succinic Acid Market:
To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the succinic acid market
To provide insights about factors affecting the market growth
To analyze the succinic acid market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by product types, by end use applications and by regions
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global market
Over the past few years, the global market has seen a substantial growth due to increasing demand of succinic acid. This has resulted into a higher growth rate at the end of forecasted period. As per the market analysis, different factors have created boom in the global succinic acid market are growing application segment, rising interest in green chemicals, shifting trends towards bio based succinic acid, increase use in pharmaceutical sector and succinic acid has replaced the use of adipic acid and others.
Scope of the study:
The scope of the study categorizes the succinic acid market as product type and application.
•By Product Type
Bio-Based Succinic Acid
Petro-Based Succinic Acid
•By End Use Application
Food & Beverage
PBS & PBST
Resins & Coating
Anhui Sunsing Chemicals Co. Ltd,
Kawasaki Kasei Chemicals,
Gadiv Petrochemical Industries Ltd.,
Anqing Hexing Chemical Co. Ltd.
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