Global Succinic Acid and Bio Succinic acid Market Butanediol(BDO), PBS (Polybutylene Succinate) Overview, Strategies, Analysis, Future Demand, Geography, Trends 2014 - 2021
Succinic is emerging as one of the most competitive bio based chemicals. The US department of energy has included succinic acid among the top 12 value added bio-based chemicals. Succinic Acid is an intermediate in many chemical processes and is used in the production of various products in a fragmented industry that has multiple players in this production process. The market shows a huge potential of growth depended vastly on the sustainable production of bio-based succinic acid. The global succinic acid market is poised to grow to nearly $1.3billion by the year 2021.
Succinic acid is a chemical which has a large number of applications ranging from BDO, polymers, fibres, pharmaceuticals, food, polyurethanes, plasticizers to dyes and coatings. However the major demand originates from coating, resins, BDO, plasticizers and polyurethanes along with the food industry. Currently there is very small number of companies producing succinic acid in large amounts. Most of the companies are small scale and with limited capacity.
Developing countries like
China and India are dotting with small scale producers of succinic acid.
1. BioAmber Inc 2. Myriant Corporation 3. BASF SA 4. DSM Netherlands 5. Mitsui & Co. Ltd 6. Mitsubishi Chemical Corporation 7. Purac (Carbion NV) 8. Reverdia (DSM – Roquette) 9. Gadiv Petrochemical Industries Ltd This Occams Research Report covers 1. Historical data 2. Revenue forecasts, growth rates and CAGR upto 2021 3. Industry Analysis 4. Competitive Analysis 5. Key geographic growth data 6. Deep profiles top competitive companies
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This report provides detailed analysis of global succinic acid market. This report includes a brief market overview, market share analysis, and current market size, future forecast and key strategies of market leader which provide complete market scenario to the marketers to confidently update their strategic and tactical plans.
Marketers need data on volume and value changes, brand dynamics and distribution trends in order to effectively plan strategies.
Increase in demand from the industrial application segment is driving the market. Largest demand come from BDO application which is the fastest and largest segment of succinic acid market. Market is shifting from petro-based succinic acid to bio-based succinc acid therefore lots of big players’ entered in the market and changed current market completely.
Report includes detailed geographical analysis of Succinic acid market. Market analysis is done at country level to provide better understanding of the market. Market share analysis and value chain analysis of succinic acid market provides information about market participants.