KEY FINDINGS The Europe succinic acid market captured nearly 38% revenue share of the global market by collecting $72.1 million in 2016. Over the course of the estimated forecast period of 2017-2026, the market is predicted to grow at 26.06% CAGR, generating a net worth of $700.3 million.
MARKET INSIGHTS The European succinic acid market has flourished over the years because of a high demand from the Western Europe countries. The region already has an established petro-converting technology which is likely to play an important role in the future of the Europe succinic acid market. In recent years, the region has also witnessed a rise in awareness regarding the ecological effects of petrochemicals based products and hence a shift to environment-friendly bio-based succinic acid has been observed for this region. The market is mainly segmented on the basis of raw materials and applications. Germany is a market leader for the Europe succinic acid market and is expected to continue its reign throughout the forecast period. Spain, Italy, and U.K are the other important markets in this region.
COMPETITIVE INSIGHTS Dsm Netherlands, Myriant Corporation, Succinity Gmbh, Merck Millipore (Merck), Linyi Lixing Chemical Co Ltd, Esim Chemicals, Sigma Aldrich, Bioamber Inc, Anhui Sunsing Chemicals Co Ltd, BASF Se, Reverdia (Dsm – Roquette), Anqing Hexing Chemical Co Ltd, Nippon Shokubai Co Ltd, Gadiv Petrochemical Industries Ltd, Kawasaki Kasei Chemicals, Mitsui & Co. Ltd and Mitsubishi Chemical Corporation are some of the renowned companies in the market.