Press release
Succinic Acid Market Insights and Analysis for Period 2017 – 2027
Global Succinic Acid Market: Dynamics, Segmentation, Regional Outlook, Participants
Rising demand for 1,4-butanediol, which is the building block for polyurethanes and for resins & plasticizers, in turn is expected to result in increasing demand for succinic acid. Further, succinic acid is used as a sequestrant in food industry, which helps to improve the stability and quality of food products. Thus, with the growing concern over food quality, the demand for succinic acid is also expected to increase. Moreover, increasing demand for succinic acid in the production of medicines for arthritis, pain, menopause, etc. is expected to drive the growth of succinic acid market. Also, government initiatives in the developed regions such as in
North America and Europe towards adoption of bio-based chemicals in order to support the sustainable development have propelled the demand for the bio-based succinic acid. Moreover, increasing use of bio-based succinic acid for the manufacture of polyurethanes instead of adipic acid is projected to bolster the succinic acid market growth. However, the fluctuating prices of crude oil are expected to affect the prices of succinic acid as well.
Request For Report Sample: http://www.futuremarketinsights.com/reports/sample/rep-gb-3954
Along with this, relatively higher manufacturing cost for bio-based succinic acid is expected to restrict growth of the market during forecast period. Thus, the development of cost effective manufacturing techniques for bio-based succinic acid will create new opportunities for the growth of succinic acid market. Succinic Acid Market Segmentation By Source – Bio based, Synthetic; By Grade – Food grade, Pharmaceutical grade, Industrial grade; By Application – Chemical intermediate, Pharmaceuticals, Cosmetics, Plastics & Polymers, Food & Beverages, Others
Global succinic acid market is mainly dominated by Europe in terms of value and volume, owing to the stringent regulations coupled with initiatives for the use of bio-based chemicals. In Europe, manufacturers are focusing on the development and use of bio-based succinic acid. The region is expected to register healthy CAGR over the forecast period. Asia Pacific is a significant market for succinic acid in terms of consumption and production. Growth in industries such as pharmaceuticals, chemicals and food & beverages, among others, in emerging economics such as in India and China are expected to boost the demand for succinic acid.
Request For Table Of Content @ https://www.futuremarketinsights.com/toc/rep-gb-3954
The region is thus, projected to register healthy CAGR over the forecast period. Succinic acid market in Latin America and Middle East & Africa regions are expected to register relatively slower growth during the forecast period.Examples of some of the market participants in the global succinic acid market, identified across the value chain, include BASF SE, BioAmber Inc., MITSUI & CO., LTD., Myriant Corporation, Koninklijke DSM N.V, Anqing Hexing Chemical Co. Ltd., Yantai Shanshui Chemical Technology
Co., Ltd., Astatech (Chengdu) Biopharmaceutical Corp., New Japan Chemical Co., Ltd., Kawasaki Kasei Chemicals, TCI Chemicals (India) Pvt Ltd., and Thirumalai Chemicals Ltd., among others. Some of the companies are focusing on the development of bio-based succinic acid in order to cater to the growing demand in developed regions and thus increasing their respective market shares.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Succinic Acid Market Insights and Analysis for Period 2017 – 2027 here
News-ID: 1019277 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for Succinic
Polyisobutenyl Succinic Anhydride (PIBSA) Market 2022 | Detailed Report
The Polyisobutenyl Succinic Anhydride (PIBSA) research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the…
Global Succinic Acid Market Size-Forecast to 2026
As per the research conducted by GME, the Global Succinic Acid Market is estimated to be valued at USD 161.34 Million in 2021 and is projected to reach USD 226.29 Million by 2026 at a CAGR of 7%. The global succinic acid market is predominantly spurred by government initiatives that promote succinic acid production, the abundance of sustainable basic resources, and rising petroleum rates.
Browse 151 Market Data Tables and 111…
Succinic Acid Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Succinic Acid Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-succinic-acid-market_p108518.html
Succinic acid, also called Butanedioic Acid, a dicarboxylic…
Succinic Acid market Global Forecast over 2017- 2027
Succinic acid (chemical formula: C4H6O4) is a water-soluble, crystalline, four-carbon di-carboxylic acid. It can be produced from petroleum feedstock or from bio based resources. Generally, succinic acid is produced from maleic anhydride, whereas, synthetically succinic acid is produced from butane via maleic anhydride. Furthermore, succinic acid is used as a chemical intermediate in the manufacturing of lacquers and perfume esters, in pharmaceutical products. Also, succinic acid is used in foods…
Global Polyisobutenyl Succinic Anhydride Market: Scenario 2022
September Offer -
Flat 20% discount on purchase of this report from 15th to 30th September @ https://www.researchtrades.com/discount/1202944
For more offers post 30th September, kindly contact us.
Contact No. : +16269994607 (US)/ +91 7507349866 (IND)
Email: sales@researchtrades.com
Report Overview: The report offers a detailed insight into the upstream raw material analysis and downstream demand analysis along with crucial elements of Polyisobutenyl Succinic Anhydride Sales Market report for furthermore highlights key proposals for…
Succinic Acid Market to Grow Globally
Succinic acid, also known as succinate is present in the tissues of animals and plants, where it plays a key role in the metabolic process. The name succinic acid is derived from the Latin ‘succinum’, meaning amber, and earlier it was also known as "spirit of amber." Succinic acid is either extracted from amber, manufactured synthetically or prepared through a fermentation process. Succinic acid is used as a supplement to…
