Succinic Acid Market 2018 to 2025: Global Industry Analysis by Product Types, Price, Key Trends & Companies, Opportunities
Feb 20, 2019
The global succinic acid market demand is expected to exceed 115 kilo tons over the forecast period says Adroit Market Research.
Dallas, Texas - February 19, 2019 /MarketersMedia/ —
The global succinic acid market size is estimated to be worth USD 248.8 million with an estimated demand exceeding 115 kilo tons by 2025. Growing concerns over climate change, greenhouse emissions, a huge dependency on fossil fuels and improved legislation towards environmental protection have led to an increased demand for green chemicals, thereby, aggravating the demand for succinic acid. Another factor stimulating the global succinic acid market demand is the emerging applications in food and pharmaceutical industry.
Request a PDF sample @ https://www.adroitmarketresearch.com/contacts/request-sample/275
The report also covers a value chain and Porter’s Five Forces Analysis of the succinic acid market. Estimates have been derived based on the global succinic acid market demand across various geographies. The global succinic acid market size has been also assessed considering the impact of current and emerging trends in different geographies. The report also includes the latest trends of the global bio-based succinic acid market. Furthermore, the report covers the top key players operating in the global succinic acid market and the key strategies adopted by them to strengthen their position.
Key segments of the Global Succinic Acid market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
• 1, 4 Butanediol
• Resins, Coatings, Dying and Inks
• Pharmaceuticals
• Polyurethanes
• Food
• Plasticizers
• Cosmetics
• Solvent and Lubricants
• De-Icing Solutions
• Others
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key players analyzed in the report include
• BioAmber
• GC Innovation America
• Reverdia
• KAWASAKI KASEI CHEMICALS
• Anqing Hexing Chemical
• Others
Browse the full report @https://www.adroitmarketresearch.com/industry-reports/succinic-acid-market
1,4 Butanediol (BDO) market generated revenues worth USD 18.5 million in 2017 and is projected to be the fastest growing application during the forecast period. Increasing demand for 1,4-butanediol, the building block for polyurethanes and resins & plasticizers, is expected to increase the global succinic acid market demand.
1,4 Butanediol is used in the production of polybutylene terephthalate, tetrahydrofuran, gamma-butyrolactone, and polyurethane elastomers. The increasing need for solvents, high-performance elastomers, coatings and cement and in PVC production is expected to propel 1,4 Butanediol market over the forecast period. Tetrahydrofuran (THF) is the largest derivative product of BDO, which is further used for manufacturing resins, solvents, spandex fibers, and printing inks. Polybutylene terephthalate (PBT), the second largest derivative, is used to produce high-performance materials, electronics, and automotive equipment. Butanediol is used to make solvents, textiles, and plastics, including thermoplastic polyurethanes. Succinic anhydride is also used in the production of tetrahydrofuran (THF), a solvent having a number of uses, and maleic anhydride, widely used in the production of polyester resins.
Europe is projected to hold a valuation of more than USD 75 million by 2025 in the global succinic acid market, with Germany being the largest consumer. Pharmaceuticals and cosmetics are the major applications of succinic acid. The largest manufacturers of succinic acid in the region are Succinity GmbH (Germany) and Reverdia (The Netherlands). The growing end-use applications have boosted the demand for succinic acid in the region. Strict regulations on hazardous chemicals in Europe have enabled the substantial application of bio-succinic acid in various chemical production units. Therefore, manufacturers switch to greener substitutes (bio-based succinic acid) in order to meet the requirements. This has resulted in the growth of the bio-based succinic acid market.
Government initiatives in the developed regions adopting bio-based chemicals to promote sustainable development have driven the bio-based succinic acid market demand. The stringent regulatory scenario in the European Union owing to the implementation of Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) legislation is expected to propel bio-based substitutes over the forecast period. Governments, especially in Europe and North America, aim to promote sustainable products and processes to reduce carbon dioxide emissions in different industries. This has been driven by various initiatives that include incentives, tax credits, and subsidies. This is expected to drive the succinic acid market demand in the region.
The competitive landscape of the global succinic acid market is characterized by a large number of players with a global presence. The key players covered in the succinic acid market analysis includes Anqing Hexing Chemical, Anhui Sunsing Chemicals Co. Ltd., BioAmber, GC Innovation America, Kawasaki Kasei Chemicals, Mitsubishi Chemical Corporation, Nippon Shokubai Co., Ltd., Reverdia, and Showa Denko K.K. and among others.
Purchase a single user copy @https://www.adroitmarketresearch.com/researchreport/purchase/275
Some points from optical coating market Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.3. Porter’s Five Forces analysis
3.4. Value chain analysis
Continued….
About US:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Info:
Name: Ryan Johnson
Organization: Adroit Market Research
Address: 3131 McKinney Ave Ste 600 Dallas, TX 75204
Phone: +1 (214) 884-6068
Website: https://www.adroitmarketresearch.com/industry-reports/succinic-acid-market
Video URL: https://youtu.be/WicKSjX1oIM
Source: MarketersMedia
Release ID: 483979
Culprits found, say sorry after sparking flashpoint during WTT China Smash final
A table tennis team from Chinese Taipei have issued a formal apology on Wednesday after video footage confirmed two of their junior players accidentally triggered a camera flash that disrupted the men’s singles final at the WTT China Smash in Beijing. The incident had initially drawn heavy scrutiny on Japan’s newly crowned world No 1 Sora Matsushima, who was penalised with a yellow card for abruptly interrupting play to complain about the flash and subsequently accused by fans of using...
A place in university the next goal for Chinese athlete Chen Yujie, Asia’s fastest woman
Fresh from a dominant showing at the Asian Games, teenage track star Chen Yujie is balancing professional training for next year’s world championships with preparations for the national college entrance examinations, setting her sights on a local university. At the recently concluded 20th Asian Games in Aichi-Nagoya, the 17-year-old bagged four medals before returning home to resume life in the final year of high school. Chen won gold medals in the 100m and two relays, and a silver in the...
Chris Waller admits ‘it looks a tough ask’ to beat champion Ka Ying Rising in The Everest
Chris Waller concedes “it looks a tough ask” to beat Ka Ying Rising as Sydney’s leading trainer bids to dethrone the Hong Kong champion with a dual-pronged assault on Saturday’s Group One The Everest (1,200m) at Randwick. New Zealand-born Waller will saddle top sprinter Joliestar and Angel Capital in the A$20 million (HK$109.87 million) feature, but he rates Ka Ying Rising as clearly the horse to beat despite the prospect of an unsuitable wet track. A sensational winner of 21 consecutive races,...
South Korean FA condemns ‘personal attacks, criticism’ of players as attempt to sow discord
South Korea’s football association has told fans to stop “excessive personal attacks”, warning of the “psychological burden” they could inflict on national team players in the crosshairs since their World Cup flop. Hong Myung-bo quit as coach after the team failed to advance past the group stage in North America, and Spanish interim manager Robert Moreno is awaiting word on a possible extension. With the Asian Cup scheduled to take place in January in Saudi Arabia, the national side are engulfed...
Andrea Atzeni looking to continue early-season momentum with several Happy Valley chances
It has been a busy start to the season for Andrea Atzeni and he is looking to continue some strong early momentum with the likes of Wukong Jewellery, Californiatotality and Red Brick Warrior at Happy Valley on Wednesday night. The Sardinian has ridden seven winners so far this season from 84 rides, the same number of mounts as champion jockey Zac Purton, and he is grateful for the support as looks to consolidate last season’s career-best tally of 63 winners. “The support is coming in and has...
Hong Kong horse racing superstar Vincent Ho’s fightback from brain bleed, world-class quest
Explaining his aversion to socialising, Vincent Ho Chak-yiu was suitably succinct. “When I have to talk, it’s a lot of effort,” he told the South China Morning Post. “Harder than riding a horse, for sure.” It is logical that one of Hong Kong’s greatest jockeys feels most contented on horseback. When Ho begins speaking, though, the personal takes and tales roll off his tongue. He relives the day in New Zealand that he “felt completely dead” after riding 39 horses, explains how he bounced back...
Hong Kong racing superstar Vincent Ho on his fightback from brain bleed, world-class quest
Explaining his aversion to socialising, Vincent Ho Chak-yiu was suitably succinct. “When I have to talk, it’s a lot of effort,” he told the South China Morning Post. “Harder than riding a horse, for sure.” It is logical that one of Hong Kong’s greatest jockeys feels most contented on horseback. When Ho begins speaking, though, the personal takes and tales roll off his tongue. He relives the day in New Zealand that he “felt completely dead” after riding 39 horses, explains how he bounced back...
China basketball chief Guo warns national team, domestic league entering critical time
Chinese Basketball Association president Guo Zhenming addressed the national team’s struggles on Monday afternoon, warning that the domestic league had reached a critical juncture in its bid to improve standards in the country. Speaking at the season launch press conference, Guo placed the burden of accountability squarely on the domestic competition as he discussed the state of the national squad. “We must clearly recognise that Chinese basketball is at a critical juncture of climbing a slope...
SCMP Best Bets: Punters can be on Cloud Nine at Happy Valley
Jay Rooney LE ZONDA - R6 (7) In terrific form at present and looks very hard to beat once again Owen Goulding FORERUNNER - R4 (2) Ran an enormous race from miles back on return and draws much better tonight Paul Lally CHINA WIN - R8 (9) Fitter for last start and drawn to get a good run under the champion jockey Phillip Woo SHOOTING TO TOP - R3 (2) Racing well and is a huge chance from gate two with Zac Purton aboard again Trackwork Spy CLOUD NINE - R7 (5) Beaten by a short head on return...
Hong Kong Premier League club suspend player over racially sensitive social media message
Tai Po have hauled Gabriel Mesquita over the coals after he posted a racially sensitive message on social media, issuing the teenage midfielder with a formal written warning and indefinitely suspending him from first-team training and matches. Brazilian Mesquita, who joined the local Premier League club as a free agent this summer, aggressively bit back after a Threads user wrote “Gweilo will always be Gweilo” in response to the player posting an image of his Hong Kong identity card application...
Barrier 11 no concern for Ka Ying Rising but wet weather worries David Hayes ahead of The Everest
A wide draw in barrier 11 failed to dampen David Hayes’ enthusiasm with Ka Ying Rising, but the prospect of a wet track in Saturday’s Group One The Everest (1,200m) at Randwick is more of a concern for the champion trainer. Ka Ying Rising was dealt the second widest gate at Tuesday night’s barrier draw at Luna Park on the Sydney Harbour, but Hayes was looking at the positives as his superstar sprinter bids to become the first horse to win the prized race from barrier 11. “I know Zac [Purton]...
Chinese star Zheng Qinwen ‘delighted’ to make debut at Hong Kong Tennis Open
Freshly crowned China Open champion Zheng Qinwen will be hoping to keep her renaissance on the court going when she makes her debut at the Prudential Hong Kong Tennis Open in November. Zheng will be joined by Venus Williams, who is returning for the third time, and Alexandra Eala. The 24-year-old became the first Chinese player to clinch the Beijing title on Sunday and also made it to the US Open quarter-finals, losing to eventual champion Elena Rybakina in September. “I am delighted to be...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.