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Global Succinic Acid Market 2017-2021

Global Succinic Acid Market 2017-2021

About Succinic Acid

Succinic acid is also known as butanedioic acid, 1,2-ethanedicarboxylic acid, and amber acid. Succinic acid is conventionally manufactured by the catalytic hydrogenation of maleic anhydride. It can also be manufactured using either petroleum feedstock or bio-based feedstock. The diminishing supplies of oil and gas have forced manufacturers to look for alternative sources of manufacturing succinic acid. The bio-based method is the way toward manufacturing using sustainable and renewable resources.Technavio’s analysts forecast the global succinic acid market to grow at a CAGR of 27.32% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global succinic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Succinic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BioAmber
  • KAWASAKI KASEI CHEMICALS
  • Myriant
  • Reverdia
  • Succinity
Other prominent vendors
  • Anhui Sunsing Chemicals
  • Anqing Hexing Chemical
  • Gadiv Petrochemical Industries
  • New Japan Chemical
  • Nippon Shokubai
  • Shandong Yuhuang Chemical
  • Thirumalai Chemicals
Market driver
  • Increasing environmental concerns
  • For a full, detailed list, view our report
Market challenge
  • Volatile prices of raw materials
  • For a full, detailed list, view our report
Market trend
  • Rising demand for polybutylene succinate
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Releases

Technavio Announces the Publication of its Research Report – Global Succinic Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global succinic acid market: BioAmber, KAWASAKI KASEI CHEMICALS, Myriant, Reverdia, and Succinity.

Other Prominent Vendors in the market are: Anhui Sunsing Chemicals, Anqing Hexing Chemical, Gadiv Petrochemical Industries, New Japan Chemical, Nippon Shokubai, Shandong Yuhuang Chemical, and Thirumalai Chemicals.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising demand for polybutylene succinate. New biotechnological courses now permit the production of succinic acid based on sustainable feedstocks, such as glucose, sucrose, and bio-based glycerol. Bio-based succinic acid is favored due to reducing carbon footprint. In this view, the succinic acid produced sustainably for the manufacture of biopolymers is gaining popularity.”

According to the report, one driver in the market is increasing environmental concerns. Rising ozone-depleting substance (ODS) fixations, unpredictable oil costs, security of supply, and the need to assemble a manageable worldwide economy are the key driving factors for the shift from petroleum-based economy to a bio-based economy. The development of productive and efficient biorefineries is essential for the creation of a bio-based economy. The cost of delivering regular petrochemicals is comparatively lower than bio-based compounds, because of streamlining and incorporation of multiple production lines.

Further, the report states that one challenge in the market is volatile prices of raw materials. The fluctuation in raw material prices is expected to be a hindrance for the global succinic acid market especially when the feedstock is crude oil-based. Fluctuation in the prices of crude oil, over the years, has had significant negative impact on the operating costs of the vendors and their profit margins. Crude oil prices affect the prices of raw materials, such as methylene diphenyl diisocyanate and toluene diisocyanate, in the case of succinic acid, maleic anhydride.

Companies Mentioned

BioAmber, KAWASAKI KASEI CHEMICALS, Myriant, Reverdia, Succinity, Anhui Sunsing Chemicals, Anqing Hexing Chemical, Gadiv Petrochemical Industries, New Japan Chemical, Nippon Shokubai, Shandong Yuhuang Chemical, and Thirumalai Chemicals.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Value chain of succinic acid using bio-based and petroleum feedstock
  • Market landscape
    • Market overview
      • Table Global succinic acid market 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end user
    • Overview: Global succinic acid market by end user
      • Table Global succinic acid market by end user 2016
      • Table Global succinic acid market by end user 2021
    • Global succinic acid market for coatings and pigments
      • Table Global succinic acid market for coatings and pigments 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for coatings and pigments 2016-2021
    • Global succinic acid market for pharmaceuticals
      • Table Global succinic acid market for pharmaceuticals 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid for pharmaceuticals 2016-2021
    • Global succinic acid market for food and beverages
      • Table Global succinic acid market for food and beverages 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for food and beverages 2016-2021
    • Global succinic acid market for polyurethane
      • Table Global succinic acid market for polyurethane 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for polyurethane 2016-2021
    • Global succinic acid market for PBS/PBST
      • Table Global succinic acid market for PBS/PBST 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for PBS/PBST 2016-2021
    • Global succinic acid market for cosmetics and personal care
      • Table Global succinic acid market for cosmetics and personal care 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for cosmetics and personal care 2016-2021
    • Global succinic acid market for plasticizers
      • Table Global succinic acid market for plasticizers 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for plasticizers 2016-2021
    • Global succinic acid market for others
      • Table Global succinic acid market for others 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Global succinic acid market for others 2016-2021
  • Geographical segmentation
    • Global succinic acid market by geography
      • Table Global succinic acid market share by geography 2016
      • Table Global succinic acid market share by geography 2021
    • Succinic acid market in Europe
      • Table Succinic acid market in Europe 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Succinic acid market in Europe 2016-2021
    • Succinic acid market in APAC
      • Table Succinic acid market in APAC 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Succinic acid market in APAC 2016-2021
    • Succinic acid market in North America
      • Table Succinic acid market in North America 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Succinic acid market in North America 2016-2021
    • Succinic acid market in ROW
      • Table Succinic acid market in ROW 2016 and 2021 (thousand metric tons)
      • Table Market forecast: Succinic acid market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Prominent bio-based feedstock price and availability comparison
      • Table Sustainable development
    • Market challenges
  • Market trends
    • Rising demand for polybutylene succinate
    • Succinic acid as a substitute for adipic acid in making PU
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global succinic acid market: Major vendors 2016
    • BioAmber
    • KAWASAKI KASEI CHEMICALS
    • Myriant
    • Reverdia
    • Succinity
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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