Skip to main content

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
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more
The growing chemical trade on account of increasing manufacturing activities across the world is projected to augment market demand. The disparity in regional production and demand trends has triggered the global trade for chemicals and derivatives. The Global Chemical Tanker Shipping Market is anticipated to reach USD 2.50 trillion by 2025, according to a new report by Grand View Research, Inc. Organic chemicals such as acetic acid, alcohols, propene, benzene, salt, benzyl acetate, methanol, formic acid, and phenol are some of the vital substances shipped through chemical tankers across the world. The U.S., China, Germany, and Russia are some of the major exporters of chemicals and are expected to foster the global chemical trade over the coming years. To Know More About Chemical Tanker Shipping Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/chemical-tanker-shipping-market The U.S. will probably grow at a high rate on account of increasing nu...
Post a Comment
Read more