Press release
Global Succinic Acid market Poised for Steady Growth in the Future, 2016 - 2022
Environmental sustainability, increasing use of succinic acid derivatives and bio-based succinic acid are driving the market. However, factors such as high manufacturing cost and instability in raw material costs are hampering the market. The market has immense opportunities in the forthcoming period, which includes demand for bio-based biodegradable plastic and increasing need for green substitutes.Request a sample copy of Report @ http://www.orbisresearch.com/contacts/request-sample/223644
PBS/PBST is the fastest estimated application segment owing to the growing demand for non-degradable and non-toxic plastic packaging components for the PET bottles. Pharmaceuticals accounted for second largest market share with the rise of medical tourism due to advanced healthcare. North American region is experiencing a shift from conventional succinic acid to bio-based succinic acid consumption. Germany is the key consumer of succinic acid in Europe. The largest manufacturers of bio-based succinic acid in Europe are Succinity GmbH and Reverdia. China is the largest consumer of succinic acid in Asia Pacific region and is expected to grow at a highest CAGR during the forecast period.
Some of the key players of the Succinic Acid market include Anhui Sunsing Chemicals Co., Ltd., Anqing Hexing Chemical Co. Ltd., Gadiv Petrochemical Industries Ltd., Grauer & Weil (I) Ltd., Kawasaki Kasei Chemicals Ltd., Linyi Lixing Chemical Co., Ltd., Maanvi Chemicals & Fertilizers, Mitsubishi Chemical Holdings Corporation, Myriant Corporation, New Japan Chemical Co., Ltd., Nippon Shokubai Co. Ltd, Sigma-Aldrich, Sinopec Yangzi Petrochemical, Spectrum Chemical Mfg. Corp., SRS Pharmaceuticals Pvt Ltd., Succinity GmbH, TCI Chemicals (India) Pvt Ltd. and Thirumalai Chemicals Limited.
Applications Covered:
1,4-butanediol
Coatings & Pigments
Cosmetics
De-icing Solutions
Food and Beverages
PBS/PBST
Personal Care
Pharmaceuticals
Plasticizers
Polyurethanes
Resins, Coatings, Dyes & Inks
Solvents & Lubricants
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Types Covered:
Petro-Based Succinic Acid
Bio-Based Succinic Acid
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
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