Press release
Global Bio-based Succinic Acid Market: Adoption of Sustainable Methods of Production Replacing Petrochemical Feedstock Stoking Demand, finds TMR
Read Report Overview @
https://www.transparencymarketresearch.com/bio-succinic-acid.html
Some of the leading players operating in the global bio-based succinic acid market include Koninklijke DSM N.V, Roquette Frères S.A., Myriant Corporation, Corbion N.V, BioAmber Inc., and BASF SE.
The global bio-based succinic acid market is projected to rise magnificently at a CAGR of 20% from 2017 to 2026. The market is anticipated to collect a revenue of more than US$900 Million by the end of the forecast period.
Broadly, the various end users are chemical industry, food, pharmaceutical, personal care, and agriculture. Of these, the chemical industry leads the pack and will continue to remain the most attractive segment in the global bio-based succinic acid market. The widespread application of the acid to produce a large number of industrially useful chemicals using sustainable methods world over is fueling the growth.
On a geographic footprint, Europe led the global market in 2017. However, by the end of 2026, North America is projected to become the most attractive region, offering substantially lucrative prospects to market players. The two regions are anticipated to collect more than two-third market revenue share over the assessment period.
Bio-based succinic acid has generated surging interest among producers looking for sustainable methods to replace petroleum-based resources in the production of the acid. The popularity of bio-based production methods is stoked by advantages such as low ecological footprint and cost-effectiveness.
bio based succinic acid market
Demand for Bio-Based Succinic Acid to Pick Up Pace as Platform and Commodity Chemical
The robustly rising focus of manufacturers on green chemicals in numerous emerging and developed economies is a notable factor catalyzing the growth of the market. In addition, a marked shortage of crude oil supply and the steep fluctuations in oil prices in various regions are noteworthy factors aiding in the rapid expansion of the market.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=865
In recent years, the demand for bio-based succinic acid has gathered momentum as a platform chemical to produce a number of useful derivatives at a competitive cost. The market is also expected to substantially benefit from the use of succinic acid as commodity chemicals. The significantly rising use of bio-based succinic acid as feedstock in the production of several biodegradable products is also accentuating the growth of the market.
Capital Intensive Nature Glaring Constraint
However, considerable capital required to set up production plants for bio-based succinic acid, along with the elevated cost of raw materials, is a critical concern expected to serve as bottlenecks to the growth of the market. Furthermore, the intense competition amongst regional players doesn’t bode well for the market. Nevertheless, with low-carbon economy gathering momentum in various parts of the world, the demand for bio-based succinic acid is expected to soar over the years. A variety of emerging applications of succinic acid will provide a shot in the arm for the growth of the market. For instance, the rising use of bio-succinic in making polyesters polyols and 1,4 Butanediol (BDO) is likely to catalyze the growth of the market during the assessment period.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.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 Global Bio-based Succinic Acid Market: Adoption of Sustainable Methods of Production Replacing Petrochemical Feedstock Stoking Demand, finds TMR here
News-ID: 1053986 • Views: …
More Releases from Transparency Market Research Reports Analysis
Polysilicon Market Outlook, Competitive Landscape and Forecasts to 2025
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than…
Photonics Sensor Market - Global Industry Analysis 2019
Photonic sensing technology integratestransmission,emission,amplification, deflection and detection of light by optical lasers, instruments and other light sources. It provides cheaper, smaller, faster and lighter components and devices with superior functionality and less energy consumption.Photonics started with the development of the laser and optical fibre for transmission of light beams Photonic sensors have been used in various industrial and laboratories for detecting physical, chemical and biological parameter.Photonic sensors is defined as…
Concrete Block and Brick Manufacturing Market Report – key Players, Industry O …
The presence of several native companies and established players who operate globally has rendered the vendor landscape in the global concrete block and brick manufacturing market extremely fragmented. As per a new study by Transparency Market Research (TMR), India alone has nearly 100,000 brick kilns, which is indicative of the intense competition prevailing in the market. “As local companies etch diverse strategies to strengthen their hold, large companies are focusing…
Excimer Laser Market: Industry Analysis And Detailed Profiles Of Top Industry Pl …
An excimer laser, also known as exciplex laser, is one of the form of ultraviolet laser which is has major applications in the production of microelectronic equipment and devices, eye surgery, semiconductor based integrated chips or circuits and micromachining. An excimer laser primarily consists of reactive gas, for instance chlorine or fluorine along with noble gas, for example, krypton, argon, xenon. The excimer laser market has been segmented into by…
More Releases for TMR
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
TMR Research
Global 3D Animation Market: Snapshot
The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation…
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing…
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023.
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158
Monolithic ceramics are…
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013…
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot
Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the…
