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World succinic acid market was valued at approximately USD 245.5 million in 2014 and is anticipated to reach approximate USD 900.1 million by 2020, growing at a CAGR of around 25% between 2015 and 2020
Zion Analysis has published a new report titled “Succinic Acid Marketplace for 1,four-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Meals, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Solutions Functions: World Trade Perspective, Comprehensive Evaluation, and Forecast, 2014 – 2020”. In accordance with the report, the global succinic acid market was valued at approximately USD four hundred.0 million in 2014 and is anticipated to reach approximately USD 1,000.Zero million by 2020, growing at a CAGR of over 20% between 2015 and 2020. When it comes to volume, world succinic acid market stood at a hundred.0 tons in 2014.
Browse the full “Succinic Acid Marketplace for 1,four-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Solutions Functions: International Trade Perspective, Complete Evaluation, and Forecast, 2014 – 2020” report athttp://www.marketresearchstore.com/report/succinic-acid-market-for-14-bdo-resin-coatings-dyes-z38310
Succinic acid is a crucial intermediate chemical witnessing strong demand. It is a constructing block chemical for producing many specialty and commodity chemicals that are used in a wide range of functions such lock in oil prices as polymers, meals, metals, pharmaceutical, coatings, fibers, solvents, lubricating oils, diesel gasoline oxygenates, cosmetics, and so forth. This platform chemical is produced through blended-acid fermentation of carbohydrates in a process that additionally yields the opposite valuable chemicals similar to lactic acid, acetic acid, formic acid, and alcohols. Succinic acid is also known as amber acid. Succinic acid might be manufactured using typical (crude oil based) methodology and by bio-primarily based route as properly. Presently, massive quantity of succinic acid is derived from petroleum feedstock and a small quantity is produced from fermentation process.
Succinic acid is broadly used as a building block chemical in the manufacturing of many other chemicals. Succinic acid yields derivatives corresponding to 1, 4-butanediol (BDO), gamma-butyrolactone (GBL), and tetrahydrofuran (THF), have high potential to be used as solvents and fibers corresponding to lycra. As well as, pyrrolidinones and N-methylpyrrolidinone will also be straight produced from succinic acid manufactured by fermentation. These natural chemicals find excessive demand in pharmacology. Succinic acid market is expected to witness sturdy development owing to rising demand for its derivatives. Robust demand from Asia Pacific can be expected to gasoline growth of succinic acid market owing strong development prospectus of various end-user industries within the area. Nonetheless, environmental considerations and fluctuations in uncooked material prices are anticipated to be major issues for the manufacturers of petroleum primarily based succinic acid. Alternatively, bio-based mostly succinic acid manufacturers are expected to face challenges comparable to excessive initial investment and excessive manufacturing value as in comparison with petroleum based mostly succinic acid.
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1,four-BDO, resin, coatings, dyes & inks, pharmaceutical, polyurethane, meals, plasticizers, cosmetics, solvents & lubricants and de-icing solutions are some of the essential application markets for succinic acid. With around 20% share in total quantity consumed, coatings, resins, dyes, and inks collectively was the most important utility marketplace for succinic acid in 2014. Pharmaceutical can also be one of the distinguished utility markets for succinic acid. Pharmaceutical was the second largest application marketplace for succinic and closely adopted by polyurethane and 1, 4-BDO. 1, four-BDO is expected to exhibit sturdy progress price within the years to come. It is mainly used within the production of tetrahydrofuran (THF), polyurethane elastomers, polybutylene terephthalate (PBT), and gamma-butyrolactone.
Europe was a number one regional marketplace for lock in oil prices succinic acid in 2014. Asia Pacific and Europe accounted for nearly comparable share of the total succinic acid volume consumed in 2014. Nonetheless, Asia Pacific is anticipated to grow at speedy tempo and outperform Europe in succinic acid demand by the tip of 2020. This sturdy progress will be attributed to the rising demand for paints and coatings, polyurethane, 1,4-BDO in numerous end-user industries in the area. China, India, Japan and South Korea are major demand driver within the area. Nonetheless, Europe will keep dominating bio-based succinic acid market all via the forecast period.
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Some of the important lock in oil prices thing gamers in global succinic acid market embrace BioAmber Inc, Gadiv Petrochemical industries ltd, Kawasaki Kasei Chemicals Ltd, Mitsubishi Chemical Corporation , Mitsui & Co. Ltd , Myriant Corporation , Nippon Shokubai Co. Ltd, PTT Global Chemical Public Co. Ltd , Purac, BASF SE, Reverdia, Roquette Freres S.A and DSM N.V.
This report segments the global succinic acid market as follows:
Global Succinic Acid Market: Utility Phase Evaluation
Dyes & Inks
Solvents & Lubricants
International Succinic Acid Market: Regional Section Analysis
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