Press release
Succinic Acid Market Supply and Demand, Industry Analysis During the Forecast Period
It is also known as the “Spirit of Amber.” It is used as a flavouring agent for food and beverages, intermediate for dyes, perfumes, lacquers, photographic chemicals, alkyd resins, plasticizers, metal treatment chemicals, and coatings. It is also used in the manufacture of medicines for sedatives, contraceptives, and cancer-curing. The U.S. Department of Energy (USDOE) considers succinic acid as one among the top twelve chemical building blocks.
Succinic Acid Market Dynamics
The growing manufacturing industries are increasing the demand for Bio-based succinic acid. The increasing bio-succinic acid demand because of stringent regulations in developed regions like North America and Europe. Also, growing demand & adoption of succinic acid in large market base industries like PBS and polyurethanes are the significant drivers for the succinic acid market.
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Succinic Acid Market Segment Analysis
The global succinic acid market report segments the market by type and application. By type, the segment includes bio-based and petrol-based succinic acid.
The demand for bio-based succinic acid is estimated to increase exponentially in the coming years because of the increasing application and adoption of greener and sustainable chemicals globally.
The market for bio-based succinic acid is also being driven by its ability to reduce carbon footprint by reducing greenhouse gas emissions and lowering energy consumption. Bio-based succinic acid is increasingly being used in food, pharma, solvents and lubricants, de-icer solutions, cosmetics, and many more applications.
Global Succinic Acid Regional Analysis
The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and rest of the world. Europe is the largest market for succinic acid owing to the high investments, significant production facilities, and a robust industrial base for construction, packaging, automotive and other end-user sectors.
Manufacturers in the European region are highly focussed on the development of bio-based succinic acid because of the stringent regulations in the area over the use of chemicals which pose a threat to the environment as well as human. Thus, the increasing demand for bio-based succinic acid is expected to propel the European succinic acid market during the forecast period.
Asia-Pacific is estimated to be the fastest growing region during the forecast period owing to the high development in the application industries for succinic acid.
Succinic Acid Company Trends
The global succinic market is highly fragmented with many local and international players. However, international players such as BASF, DSM N.V, and BioAmber are leading producers of succinic acid.
Other prominent players of the report include Myriant, Nippon Shokubai, Succinity, Kawasaki Kasei Chemicals, Mitsubishi Chemical Holdings, Anhui Sunsing Chemicals, Reverdia, Linyi Lixing Chemical Co., Ltd., Gadiv Petrochemical Industries Ltd., Yantai Shanshui Chemical Technology.
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This report contains the following table of contents-
1. Global Succinic Acid Market – Methodology and Scope
Research Methodology
The scope of the Report
2. Global Succinic Acid Market – Trends
Key Trends & Developments
3. Global Succinic Acid Market – Industry Analysis
Industry Impact Factors (Drivers & Restraints)
Competitive Intensity- Porter 5 Forces
Regulatory Analysis
4. Global Succinic Acid Market – By Type
Bio-based
Petro-based
5. Global Succinic Acid Market – By Application
Food & Beverage
Pharmaceutical
Industrial
Resins, Coatings, and Pigments
Solvents & Lubricants
Plasticizers
De-icer Solutions
PBS
Polyurethanes
Others
Others
6. Global Succinic Acid Market – By Geography
North America
The United States
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
7. Global Succinic Acid Market – Competitive Landscape
Market Player Analysis
Key Strategies adopted by Manufacturers
Product Benchmarking
8. Global Succinic Acid Market – Company Profiles*
BioAmber
Myriant
Nippon Shokubai
Succinity
BASF
Koninklijke DSM N.V
Kawasaki Kasei Chemicals
Mitsubishi Chemical Holdings
Anhui Sunsing Chemicals
Reverdia
Linyi Lixing Chemical Co., Ltd.
Gadiv Petrochemical Industries Ltd.
Yantai Shanshui Chemical Technology
About DataM Intelligence
DataM Intelligence 4Market Research is a Market Intelligence and Business Research firm, based in India. It aims to bridge the two main aspects of a business decision - opinion and supportive data.
DMI is currently strengthening its cross-industrial database for sectors including Chemicals, Materials, Agriculture, Healthcare Services, Animal Nutrition, Consumer Goods, Food & Beverages, Industrial Machinery and Automation among others.
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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…
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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…
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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…
