Succinic Acid Market for 1,4-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Solutions Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2022 - 2027
Global Succinic acid market is anticipated to exceed more than US$ 1400 million by 2027. The revenue of this market is projected to increase at CAGR of 21% during the forecast period
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Major Players
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
21
REPORT DESCRIPTION
Succinic acid is white, solid and odourless chemical compound. It is mainly used as feedstock for many materials such as polymers, resins and solvents. FDA has approved it as as safe for additives in food and dietary supplements.
Global Succinic acid market is anticipated to exceed more than US$ 1400 million by 2027. The revenue of this market is projected to increase at CAGR of 21% during the forecast period Europe is a leading market for succinic acid industry by revenue which accounted largest share worldwide. Asia Pacific is a second leading market and will grow with highest growth rate at a CAGR of 28% owing to exponential demand for succinic acid in various end-use applications such as pharmaceuticals and personal care industry. China is known for largest consumer of succinic acid in Asia Pacific acid.
Increasing demand for bio based succinic is challenging the market players to meet the needs of consumers which is a driver for global succinic acid market.Rising demand in pharmaceuticals industry is one of the driving factors. Personal care and pharmaceutical market account the largest share in the market which is major driving factor for global market.
The global succinic acid market according to its source is segmented as petroleum-based and bio-based. The following market by application is segmented as 1, 4 butanediol, polyurethane, food and beverages, resins, coatings & pigments, plasticizers, pharmacy, de-icer solutions, PBS/PBST, solvents & lubricants, personal care, and others applications. The market segments in terms of geographical regions include North America, Europe, Asia-Pacific and Rest of the World(ROW).
This report provides:
1) An overview of the global market for succinic acid and related technologies.
2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
3) Identifications of new market opportunities and targeted promotional plans for succinic acid market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include:
• BioAmber Inc
• Gadiv Petrochemical industries ltd
• Kawasaki Kasei Chemicals Ltd
• Mitsubishi Chemical Corporation
• Mitsui & Co. Ltd
• Myriant Corporation
• Nippon Shokubai Co. Ltd
• PTT Global Chemical Public Co. Ltd
• Purac
• BASF SE
• Reverdia
• Roquette Freres S.A
• DSM N.V
Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Succinic acidMarket has been segmented as below:
by Source
• Petroleum-based
• Bio-based
by Application
• Polyurethane
• 1, 4 Butanediol
• Food and Beverages
• Resins
• Coatings & Pigments
• Plasticizers
• Pharmacy
• De-icer solutions
• PBS/PBST
• Solvents & Lubricants
• Personal Care
• Other
by Region
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
Reasons to buy this Report:
1) Obtains the most up to date information available on all active and planned succinic acid industry globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of succinic acid industry and unit capacity data.
4) Assess your competitor’s refining portfolio and its evolution.
Customization:
We can offer you custom research reports as per client’s special requirements.
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1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Succinic Acid Market
4.2 Succinic Acid Market, By Region (2018-2024)
4.3 Succinic Acid Market in Western Europe, 2017
4.4 Succinic Acid Market, By Type (2018-2024)
4.5 Succinic Acid Market: Emerging vs. Mature Markets
4.6 Fastest-Growing Markets, By Application
4.7 Life Cycle Analysis By Region
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Shift Toward Bio-Based Renewable Substitutes
5.3.1.2 Increasing Demand From the Asia-Pacific Region
5.3.1.3 Environmental Sustainability
5.3.1.4 Increasing Adoption of Succinic Acid as A Substitute of Adipic Acid in Polyurethane Production
5.3.2 Restraints
5.3.2.1 Volatility in Raw Material Prices
5.3.2.2 High R&D Cost
5.3.3 Opportunities
5.3.3.1 Rising Joint Venture and Cross-Industry Collaboration Activities
5.3.3.2 Replacement for Butane-Based Maleic Anhydride
5.3.3.3 Improved Bio-Refining Process
5.3.4 Challenges
5.3.4.1 Challenges for Commercialization
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.2.1 Raw Material Analysis
6.2.1.1 N-Butane
6.2.1.2 Maleic Anhydride
6.2.1.3 Maize
6.2.1.4 Wheat
6.2.1.5 Sugarcane
6.2.1.6 Tapioca (Cassava)
6.2.2 Manufacturers
6.2.3 Distribution Channel
6.2.4 End Users
6.3 Price Analysis
6.4 Porter’s Five Forces Analysis
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of Substitutes
6.4.5 Intensity of Rivalry
6.5 Patent Analysis
7 Succinic Acid Market, By Type
7.1 Introduction
7.2 Petro-Based Succinic Acid
7.3 Bio-Based Succinic Acid
8 Succinic Acid Market, By Application
8.1 Introduction
8.2 Resins, Coatings & Pigments
8.3 Pharmaceuticals
8.4 Food & Beverage
8.5 Polyurethane
8.6 PBS/PBST
8.7 Personal Care
8.8 Plasticizers
8.9 De-Icer Solutions
8.10 Solvents & Lubricants
8.11 Others
9 Succinic Acid Market, By Region
9.1 Introduction
9.2 Western Europe
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Netherlands
9.2.6 Spain
9.2.7 Others
9.3.1 Turkey
9.3.2 Russia
9.3.3 Others
9.4 North America
9.4.1 U.S.
9.4.2 Mexico
9.4.3 Canada
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 South Korea
9.5.4 India
9.5.5 Malaysia
9.5.6 Thailand
9.5.7 Indonesia
9.5.8 Others
9.6 Latin America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Others
9.7 Middle East & Africa
9.7.1 Saudi Arabia
9.7.2 UAE
9.7.3 Others
10 Competitive Landscape
10.1 Introduction
10.2 Agreement/Collaboration: the Most Popular Growth Strategy
10.3 Competitive Situations and Trends
10.3.1 Agreement/Collaboration
10.3.2 Joint Venture
10.3.3 Expansion
10.3.4 New Product Launch/Development
10.3.5 Merger & Acquisition
10.3.6 Partnership
10.4 Global Production Capacity of Bio-Based Succinic Acid
11 Company Profiles
11.1 Bioamber
11.2 Myriant Corporation
11.3 Kawasaki Kasei Chemicals Ltd.
11.4 Linyi Lixing Chemical Co., Ltd.
11.5 Anhui Sunsing Chemicals Co., Ltd.
11.6 Mitsubishi Chemical Holdings Corporation
11.7 Succinity
11.8 Nippon Shokubai Co. Ltd
11.9 Gadiv Petrochemical Industries Ltd.
11.10 Reverdia
11.11 Additional Company Profiles
11.11.1 Astatech (Chengdu) Biopharmaceutical Corp.
11.11.2 R-Biopharm Ag
11.11.3 Evonik Industries
11.11.4 Thyssenkrupp
11.11.5 Natureworks LLC
11.11.6 Sigma-Aldrich
11.11.7 Sinopec Yangzi Petrochemical
11.11.8 New Japan Chemical Co., Ltd.
11.11.9 TCI Chemicals (India) Pvt Ltd.
11.11.10 Grauer & Weil (I) Ltd.
11.11.11 Maanvi Chemicals & Fertilizers
11.11.12 Spectrum Chemical Mfg. Corp.
11.11.13 Anqing Hexing Chemical Co. Ltd.
11.11.14 Thirumalai Chemicals Limited
11.11.15 SRS Pharmaceuticals Pvt Ltd.
11.11.16 SS Pharmachem
11.11.17 DC Chemical Co., Ltd.
11.11.18 DPX Fine Chemicals
11.11.19 Johnson Matthey Davy Technologies
11.11.20 Shandong Chemical Co., Ltd.
11.11.21 Yantai Shanshui Chemical Technology Co., Ltd.
The Succinic acidMarket has been segmented as below:
by Source
• Petroleum-based
• Bio-based
by Application
• Polyurethane
• 1, 4 Butanediol
• Food and Beverages
• Resins
• Coatings & Pigments
• Plasticizers
• Pharmacy
• De-icer solutions
• PBS/PBST
• Solvents & Lubricants
• Personal Care
• Other
by Region
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
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