Press release
Bio Succinic Acid Market Industry Size, Global Trends, Market Forecast – 2019-2025
Bio Succinic Acid Market Industry Size
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Growing demand for BDO including Tetrahydrofuran, Polybutylene Terephthalate (PBT) and Gamma-Butyrolactone (GBL) in different applications that include pharmaceutical and engineering plastics is boosting the growth of bio-succinic acid market. Tetrahydrofuran is utilized for the manufacture of spandex fibers, resins, solvents, and printing inks for plastics materials. The properties of PBT including thermal stability, durability, and high tensile strength make it suitable to be utilized in electrical appliances. PBT combines mechanical and electrical properties and has strong chemical resistance. It is an industrial chemical that offers good environmental characteristics and minimizes the health risks for workers. It has its utility in a broad range of industries including medicine industry, textile industry, chemical industry, daily-using chemical industry, automobile industry, and papermaking industry.
A full report of Bio Succinic Acid Market is available at:https://www.omrglobal.com/industry-reports/bio-succinic-acid-market
Polyols application has a significant share on account of the growing demand for polyurethanes and its usage in molded foams, automotive interiors, adhesive, sealant and footwear soles are anticipated to fuel the bio succinic acid market. PBT resins and PBT compound is the two subordinate of PBT and PBT resin includes base resin whereas PBT compounds comprise of different materials such as glass filling, and additives. The materials are utilized in mineral or glass filled grades. When the product is made as fire resistance, some additives are added to enhance its UV and flammability properties.
Recent Activity
In August 2017, BioAmber, Inc. purchases the bio-based acid plant that enables to enhance its Q2 financial performance which is located in Sarnia based in Canada. The company has taken 100% ownership of the largest succinic acid plant and purchasing stake from Mitsui & Co.
In June 2017, BioAmer Inc. introduced a Bio-SA Pharmaceutical grade for bio succinic acid, this new grade provides a USP and FCC grade of bio succinic acid for manufacture in the US Food and Drug Administration (FDA).
Global Bio Succinic Acid Market Segmentation
By application
BDO
Plasticizers
PBS
Solvent and Lubricant
Polyols
Pharmaceutical application
Food and Beverages
Other Application
By Raw Material
Corn-Based Bio-Succinic Acid
Sugarcane-Based Bio-Succinic Acid
Cassava-Based Bio-Succinic Acid
Other Raw Materials-Based Bio-Succinic Acid
Global Bio Succinic Acid Market – Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East Africa
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services.
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