Global Bio-Based Succinic Acid Market, By End-Use Industry (Industrial, Food & Beverage, Paints & Coatings, Pharmaceutical, Cosmetics and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Bio-Based Succinic Acid Market
Bio-based succinic acid market is expected to grow with a growth rate of 7.20 % in the forecast period of 2020 to 2027. The demand for bio-based chemicals is expected to increase by reducing crude oil reserves and raising awareness of the risks of excess CO2 in the air in the forecast period of 2020- 2027.
Bio-succinic acid is mainly used in some applications such as solvents and lubricants, de-icer solutions, cosmetics, food and pharmaceuticals instead of petrol-based succinic acid. In addition, the growing global demand for green chemicals, especially in bioplastics, is becoming a widespread platform for chemicals that is widely used in applications in the market.
The bio-based succinic acid market has the interest in fossil fuel price volatility, the increase in carbon footprint and the use of locally available raw materials drives the bio-based succinic acid market growth in the above mentioned forecast period. On the other hand, higher price of bio-based succinic acid and lengthy extraction processes are primarily restraining the bio-based succinic acid market growth in the forecast period of 2020- 2027.
The side effects of regular consumption of succinic acid, such as nausea, vomiting and diarrhoea, are the challenges faced during the bio-based succinic acid market growth over the forecast period. Growing research and development activities for cost-effective solutions that are expected to create an attractive opportunity for bio-based succinic acid market growth over the forecast period.
This bio-based succinic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bio-based succinic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bio-Based Succinic Acid Market Scope and Market Size
Bio-based succinic acid market is segmented on the basis of end-use industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of end-use industry, the bio-based succinic acid market is segmented into industrial, food & beverage, paints & coatings, pharmaceutical, cosmetics and others. Industrial segment is further segmented into 1,4-butanediol (BDO), polyester polyols, PBS, plasticizers, solvents & lubricants, alkyd resins, resins, coatings, pigments and de-icer solutions.
Bio-Based Succinic Acid Market Country Level Analysis
Bio-based succinic acid market is analysed and market size, volume information is provided by country, end-use industry as referenced above.
The countries covered in the bio-based succinic acid market report are the U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe is the largest consumer in bio-based succinic acid market in the forecast period of 2020 - 2027. Stringent carbon footprint regulations in Europe have allowed substantial applications of bio-based succinic acid in different units of chemical production. Asia-Pacific will nevertheless be the fastest growing market for bio-based succinic acid market.
The country section of the bio-based succinic acid market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.
Competitive Landscape and Bio-Based Succinic Acid Market Share Analysis
Bio-based succinic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bio-based succinic acid market.
The major players covered in the bio-based succinic acid market report are BioAmber, Myraint, DSM, Mitsui & Co, Mitsubishi, BASF SE, Roquette Frerse S.A, Purac, Reverdia, GC Innovation America, Succinity GmbH, Nippon Shokubai, Shandong Lixing Chemical, Kawasaki Kasei Chemicals, Anqing Hexing Chemical, and Anhui Sunsing among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-
