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Succinic Acid Market-Demand, Research and End User Analysis to 2022

Rising need in various application segments including 1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for the product over the next seven years. Healthcare sector growth on account of rising health awareness among consumers in emerging economies of Asia Pacific is expected to have a positive impact on the industry over the forecast period.

The Global Succinic Acid Market is expected to reach USD 237.8 million by 2022, according to a new report by Grand View Research, Inc.


Fluctuation of raw material prices, fuel, and energy costs are expected to hamper overall cost of the product, which in turn is expected to challenge demand. In addition, major companies are focusing on the manufacturing of the product through bio-based routes. This is expected to restrain growth over the forecast period.

Growing political and regulatory pressures on chemical companies to reduce carbon emissions coupled with growing concerns over depleting fossil fuel reserves have led to bio-based succinic acid development, which will act as a drop in replacement for the product, thus restricting growth.

To Know More About Succinic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/succinic-acid-market

Asia Pacific is expected to be the fastest growing market at a CAGR of above 10.5% from 2015 to 2022. Lack of stringent regulations in the region is expected to be a key driving factor for the market. Cosmetic industry growth in China, India, and Japan is expected to further augment succinic acid demand over the forecast period.

Top Players of Succinic Acid Market:

BioAmber has been one of the largest product manufacturers. Other well-known producers include; Anqing Hexing Chemical Co. Ltd., Reverdia, Gadiv Petrochemical Industries Ltd., Kawasaki Kasei Chemicals, Myriant Corporation, Showa Denko K.K., Succinity GmbH, and Nippon Shokubai Co., Ltd.

Market Segmentation of Succinic Acid Market:

The Global Succinic Acid Market segmented on the basis of Application and Region.

By Application:

    1,4 BDO
    Resins, Coatings, Dying, and Inks
    Pharmaceuticals
    Polyurethanes
    Food
    Plasticizers
    Cosmetics
    Solvent and Lubricants
    De-icing Solutions

By Region:

    North America
    Europe
    Asia Pacific
    RoW

Inquire about Succinic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2554
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