Ltd, PTT International Chemical Public Co
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 printed a new report titled “Succinic Acid Market for 1,4-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Options Purposes: Global Industry Perspective, Complete Analysis, and Forecast, 2014 – 2020”. In response to the report, the worldwide succinic acid market was valued at roughly USD four hundred.0 million in 2014 and is anticipated to reach roughly USD 1,000.Zero million by 2020, growing at a CAGR of over 20% between 2015 and 2020. By way of quantity, world succinic acid market stood at a hundred.Zero tons in 2014.
Browse the full “Succinic Acid Market for 1,4-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Meals, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Options Applications: Global Industry 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 vital intermediate chemical witnessing sturdy demand. It is a constructing block chemical for producing many specialty and commodity chemicals that are used in a variety of applications equivalent to polymers, meals, metals, pharmaceutical, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates, cosmetics, etc. This platform chemical is produced by way of combined-acid fermentation of carbohydrates in a process that additionally yields the other worthwhile chemicals such as lactic acid, acetic acid, formic acid, and alcohols. Succinic acid is often known as amber acid. Succinic acid will be manufactured using typical (crude oil primarily based) method and by bio-based mostly route as effectively. Presently, giant volume of succinic acid is derived from petroleum feedstock and a small amount is produced from fermentation process.
Succinic acid is broadly used as a building block chemical within the manufacturing of many different chemicals. Succinic acid yields derivatives akin to 1, 4-butanediol (BDO), gamma-butyrolactone (GBL), and tetrahydrofuran (THF), have high potential for use as solvents and fibers corresponding to lycra. In addition, 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 predicted to witness robust development owing to increasing demand for its derivatives. Sturdy demand from Asia Pacific is also expected to gasoline development of succinic acid market owing strong growth prospectus of varied end-consumer industries within the region. Nonetheless, environmental concerns and fluctuations in raw material prices are expected to be major considerations for the manufacturers of petroleum based succinic acid. Alternatively, bio-primarily based succinic acid manufacturers are anticipated to face challenges similar to excessive initial investment and excessive manufacturing value as compared to petroleum primarily based succinic acid.
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1,4-BDO, resin, coatings, dyes & inks, pharmaceutical, polyurethane, meals, plasticizers, cosmetics, solvents & lubricants and de-icing solutions are a few of the essential application markets for succinic acid. With around 20% share in complete quantity consumed, coatings, resins, dyes, and inks collectively was the largest utility market for succinic acid in 2014. Pharmaceutical can also be one of many distinguished software markets for Refinery succinic acid. Pharmaceutical was the second largest software market for succinic and closely adopted by polyurethane and 1, 4-BDO. 1, 4-BDO is predicted to exhibit strong development rate in the years to come back. It is mainly used in the production of tetrahydrofuran (THF), polyurethane elastomers, polybutylene terephthalate occidental petroleum qatar jobs (PBT), and gamma-butyrolactone.
Europe was a number one regional marketplace for succinic acid in occidental petroleum qatar jobs 2014. Asia Pacific and Europe accounted for almost similar share of the full succinic acid quantity consumed in 2014. However, Asia Pacific is anticipated to grow at fast pace and outperform Europe in succinic acid demand by the end of 2020. This sturdy progress will be attributed to the rising demand for occidental petroleum qatar jobs paints and coatings, polyurethane, 1,four-BDO in various end-person industries within the region. China, India, Japan and South Korea are main demand driver within the area. Nonetheless, Europe will keep dominating bio-primarily based succinic acid market all through the forecast interval.
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A few of the important thing gamers in international succinic acid market embody BioAmber Inc, Gadiv Petrochemical industries ltd, Kawasaki Kasei Chemicals Ltd, Mitsubishi Chemical Company , Mitsui & Co. Ltd , Myriant Corporation , Nippon Shokubai Co. Ltd, PTT International Chemical Public Co. Ltd , Purac, BASF SE, Reverdia, Roquette Freres S.A and DSM N.V.
This report segments the worldwide succinic acid market as follows:
Global Succinic Acid Market: Application Segment Evaluation
Dyes & Inks
Solvents & Lubricants
Global Succinic Acid Market: Regional Phase Evaluation
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