North America Succinic Acid Market Forecast 2017-2026
KEY FINDINGS The North America succinic acid market is progressing at a considerable pace and is expected to generate a net worth of $563.5 million over the forecast period of 2017-2026, exhibiting a CAGR growth of 26.48%.
MARKET INSIGHTS U.S and Canada are the markets focused for this region. At present, the U.S market holds a dominant share of the North American succinic acid market. The market mainly relied on the sales of petro-based succinic acid in the past, but with the advent of bio-succinic acid, the region is experiencing a substantial growth. U.S houses some of the top pharmaceutical companies in the world, and since succinic acid is used as a base material for most of the pharmaceutical products, the regional market for succinic acid is witnessing a considerable demand. Corn is an important raw material used for producing succinic acid, and as U.S is the largest producer of corn in the world, it enjoys an added advantage.
COMPETITIVE INSIGHTS Merck Millipore (Merck), Myriant Corporation, Bioamber Inc, Nippon Shokubai Co Ltd, Sigma Aldrich, BASF Se, Mitsubishi Chemical Corporation, Kawasaki Kasei Chemicals, Esim Chemicals and Mitsui & Co. Ltd are few of the prominent players in the succinic acid market.