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Succinic Acid Market Size, Manufacturers, Supply Chain, Sales Channel and Clients | Valuates Reports
In 2020, the global Succinic Acid market size was USD 141 Million and it is expected to reach USD 205.4 Million by the end of 2027, with a CAGR of 5.5% during 2021-2027. The succinic acid market is predicted to develop due to strong growth in bio-succinic acid production as a result of the growing popularity of green products among chemical producers.
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Succinic Acid Market Share
Global Succinic Acid key players include BioAmber, GC Innovation America, Mitsubishi Chemical, Reverdia, Succinity GmbH, etc.Global top five manufacturers hold a share over 60%.Asia Pacific is the largest market, with a share over 40%, followed by Europe, and North America, both have a share about 55 percent. In terms of product, Bio-based is the largest segment.
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Succinic Acid Market Segmentation
By Type
• Petro-based
• Bio-based.
By Application
• Resins, Coatings and Pigments
• PBS or PBST
• Food and Beverage
• Pharmaceuticals
• Polyester Polyols.
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