Global Bio-based Succinic Acid Market

[dropcap style="e.g. default, circle, square" size="e.g. normal, small"]B[/dropcap]io-based succinic acid is a significant intermediate chemical that is used as a building block substance to produce various specialty and commodity chemicals which are further used for an array of applications like food, metals, polymers, coatings, fibers, solvents, lubricating oils and cosmetics.

Earlier Bio-based succinic acid was derived from petroleum, but now manufacturing process has started making use of renewable feedstock. This biological method of obtaining bio-based succinic acid is eco-friendly, renewable and cost effective.

Market Dynamics

Factors such as fast depleting fossil fuel reserves, use of the chemical in a wide range of applications, increasing concerns and awareness of environmental issues, low cost and the requirement for sustainable processes drives the growth of the global bio-based succinic acid market.

However, the higher price of bio-based succinic acid and lengthy extraction process are factors which act as obstacles to the progress of the market.

Market Segmentation

The global bio-based succinic acid market is segmented into industrial application, food application, pharma application and cosmetics application. The global bio-based succinic acid market is segmented on the basis of industrial application into 1,4-butanediol & derivatives, food, pharmaceuticals, cosmetics, de-icer solutions, plasticizers, polyurethanes, resins, pigments, dyes & inks, solvents, coatings & lubricants and others under industrial application segment.

Geographical Analysis

The market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific and MEA. Asia-Pacific is projected to be the fastest growing market. Geographically, the APAC bio-based succinic acid can be divided into China, Japan, India and South Korea. With the development in the economy and relatively cheap labor costs, the manufacturing industries has increased in Asia-Pacific region. European stringent regulations towards carbon footprint have enabled important application of bio-based succinic acid.

Key Players

Some of the key players in the market include Anqing Hexing Chemicals Ltd, BASF, Bio Amber Inc., DSM NV , Myriant Corp., Mitsui & Co, Mitsubishi, Roquette Frerse, S.A, Purac and Reverdia.

Report Contents:

> Global Market segments

> Global Market Drivers, Restraints and Opportunities

> Global Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Global Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage