Press release
Bio-Based Succinic Acid Market 2020: Global Analysis, Growth Outlook, Trends and Forecast 2027| Top Competitors- BioAmber, Myraint, DSM, Mitsui & Co, Mitsubishi, BASF SE
Bio-Based Succinic Acid
Bio-based succinic acid market is expected to grow with a growth rate of 7.20 % in the forecast period of 2020 to 2027. The demand for bio-based chemicals is expected to increase by reducing crude oil reserves and raising awareness of the risks of excess CO2 in the air in the forecast period of 2020- 2027.
Bio-succinic acid is mainly used in some applications such as solvents and lubricants, de-icer solutions, cosmetics, food and pharmaceuticals instead of petrol-based succinic acid. In addition, the growing global demand for green chemicals, especially in bioplastics, is becoming a widespread platform for chemicals that is widely used in applications in the market.
The bio-based succinic acid market has the interest in fossil fuel price volatility, the increase in carbon footprint and the use of locally available raw materials drives the bio-based succinic acid market growth in the above mentioned forecast period. On the other hand, higher price of bio-based succinic acid and lengthy extraction processes are primarily restraining the bio-based succinic acid market growth in the forecast period of 2020- 2027.
The side effects of regular consumption of succinic acid, such as nausea, vomiting and diarrhoea, are the challenges faced during the bio-based succinic acid market growth over the forecast period. Growing research and development activities for cost-effective solutions that are expected to create an attractive opportunity for bio-based succinic acid market growth over the forecast period.
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The Bio-Based Succinic Acid Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Bio-Based Succinic Acid Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Bio-Based Succinic Acid Market.
Major Market Manufacturers Covered In The Bio-Based Succinic Acid Market Are:
The major players covered in the bio-based succinic acid market report are BioAmber, Myraint, DSM, Mitsui & Co, Mitsubishi, BASF SE, Roquette Frerse S.A, Purac, Reverdia, GC Innovation America, Succinity GmbH, Nippon Shokubai, Shandong Lixing Chemical, Kawasaki Kasei Chemicals, Anqing Hexing Chemical, and Anhui Sunsing among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Europe is the largest consumer in bio-based succinic acid market in the forecast period of 2020 - 2027. Stringent carbon footprint regulations in Europe have allowed substantial applications of bio-based succinic acid in different units of chemical production. Asia-Pacific will nevertheless be the fastest growing market for bio-based succinic acid market.
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How will this Market Intelligence Report Benefit You?
1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
2. Exclusive insight into the key trends affecting the Bio-Based Succinic Acid’ industry, although key threats, opportunities and disruptive technologies that could shape the Global Bio-Based Succinic Acid’ market supply and demand.
3. The report tracks the leading Market players that will shape and impact the Global Bio-Based Succinic Acid’ Market most.
4. The data analysis present in the Bio-Based Succinic Acid’ Market report is based on the combination of both primary and secondary resources.
5. The report helps you to understand the real effects of key Market drivers or retainers on Bio-Based Succinic Acid’ Market business.
Global Bio-Based Succinic Acid Market Scope and Market Size
Bio-based succinic acid market is segmented on the basis of end-use industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of end-use industry, the bio-based succinic acid market is segmented into industrial, food & beverage, paints & coatings, pharmaceutical, cosmetics and others. Industrial segment is further segmented into 1,4-butanediol (BDO), polyester polyols, PBS, plasticizers, solvents & lubricants, alkyd resins, resins, coatings, pigments and de-icer solutions.
Based on regions, the Bio-Based Succinic Acid Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report covers major aspects:
• Various economic factors that are significant in determining the Bio-Based Succinic Acid Market trend, buying decisions and Market attractiveness are being analysed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Bio-Based Succinic Acid Market growth.
Strategic Points Covered in Table of Content of Global Bio-Based Succinic Acid Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Bio-Based Succinic Acid Market
Chapter 2: Exclusive Summary – the basic information of Bio-Based Succinic Acid Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Bio-Based Succinic Acid Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Bio-Based Succinic Acid Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Customization of the Report:
Data Bridge Market Research also provides customization options to tailor the reports as per client requirements. This report can be personalized to cater to your research needs. Feel free to get in touch with our sales team, who will ensure that you get a report as per your needs.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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About Data Bridge Market Research:
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