Succinic Acid Market

Succinic Acid Market: Global Size, Trends, Competitive, Historical and Forecast Analysis, 2021-2027 Technological advancements in fiber optical communications and rising multiple applications are key drivers for global succinic acid market.

Scope of Succinic Acid Market-

Succinic acid is a dicarboxylic acid possessing the chemical formula (CH2)2(CO2H)2. It is water soluble, crystalline produced from petroleum and bio based products and organism. Basically is it produced from maleic anhydride Furthermore, It is used as intermediate in lacquer manufacturing and ester perfume in pharmaceutical products. It is also used in food and production of polymer on a large scale. So, during the study of Global Succinic Acid market, we have considered Succinic Acid source and application to analyze the market.

Key Players For Succinic Acid Market-

Global Succinic Acid market report covers prominent players like

• BioAmber Inc.,
• BASF SE,
• MITSUI & CO., LTD.,
• Koninklijke DSM N.V,
• Anqing Hexing Chemical Co. Ltd.,
• Myriant Corporation,
• New Japan Chemical Co., Ltd.,
• TCI Chemicals (India) Pvt Ltd.,
• Yantai Shanshui Chemical Technology Co., Ltd.,
• Astatech (Chengdu) Biopharmaceutical Corp.,
• Kawasaki Kasei Chemicals,
• Thirumalai Chemicals Ltd. and
• others

Market Segmentations-

Global Succinic Acid Market report is segmented on the basis of Source, application type, grade type and by regional & country level. Based upon Source, global Succinic Acid Market is classified as Bio based, Synthetic. Based upon Application type, global Succinic Acid Market is classified as Chemical intermediate, Pharmaceuticals, Cosmetics, Plastics & Polymers, Food & Beverages, and Others. Based upon grades, global Succinic Acid Market is classified as Food grade, Pharmaceutical grade, and Industrial grade.

By Source type

• Bio based
• Synthetic

By Application type

• Chemical intermediate
• Pharmaceuticals
• Cosmetics
• Plastics & Polymers
• Food & Beverages

By Grade type

• Food grade
• Pharmaceutical grade
• Industrial grade

Market Dynamics-

The commercialization and growth of global Succinic Acid market over the past 25 years has been highly impactful. Due to the increasing demand of 1,4 butanediol which is used in the manufacturing of polyurethanes, plasticizers and resins. It is also used in the food industry to maintain and improve quality and stability of food for a long time. Increasing demand from industry is expected to fuel the Succinic acid market. Moreover, Succinic acid is also used the manufacturing of various drugs such as arthritis, menopause and others. Government initiatives in the developed regions will also expected to drive the growth of Succinic acid market. As per Centers for Disease control and Prevention report 2018 every year in the U.S. 22.7% people are diagnosed with arthritis. So the increasing demand from food industry and healthcare industry and other will drive the growth of Succinic acid market over the forecast period.

Regional Analysis-

North America dominates the market with highest market share which is closely followed by Europe due to strict rules and regulation with regards to the use of bio-based chemicals. In the developing regions companies and government are much focused towards use of biological products to improve the quality and efficiency of the manufactured products. Asia Pacific is expected to increase significantly due to the increase in the various industries in these regions. Due to the presence of developing economies such as China, India, Japan and others due to the increased industrialization in various sectors and availability of cheap labor and raw materials will boost the demand for Succinic acid over the forecast period in these regions.

On Special Requirement Succinic Acid Market Report is also available for the below Regions and Countries:

The regions covered in this Succinic Acid Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Succinic Acid is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015- 2021
Forecast Period	2021 - 2027
Market Size in 2021:	USD XX
Base year considered	2020
Forecast Period CAGR %:	XX%
Market Size Expected in 2028:	USD XX
Tables, Charts & Figures:	175
Pages	200
Companies/Key Players	BioAmber Inc., BASF SE, MITSUI & CO., LTD., Koninklijke DSM N.V, Anqing Hexing Chemical Co. Ltd., Myriant Corporation, New Japan Chemical Co., Ltd., TCI Chemicals (India) Pvt Ltd., Yantai Shanshui Chemical Technology Co., Ltd., Astatech (Chengdu) Biopharmaceutical Corp., Kawasaki Kasei Chemicals, Thirumalai Chemicals Ltd. and others.
Segments Covered	By Source, By Application, By Grade
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits Succinic Acid Market-

• Global Succinic Acid market report covers in depth historical and forecast analysis.
• Global Succinic Acid Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Succinic Acid Market report helps to identify opportunities in market place.
• Global Succinic Acid Market report covers extensive analysis of emerging trends and competitive landscape.