Succinic Acid and Bio Succinic acid Market – Global Market Outlook, Trends, Forecasts 2021 By Acute Market Reports
Succinic is emerging as one of the most competitive bio based chemicals. The US department of energy has included succinic acid among the top 12 value added bio-based chemicals. Succinic Acid is an intermediate in many chemical processes and is used in the production of various products in a fragmented industry that has multiple players in this production process. The market shows a huge potential of growth depended vastly on the sustainable production of bio-based succinic acid.
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The global succinic acid market is poised to grow to nearly $1.3billion by the year 2021.
Succinic acid is a chemical which has a large number of applications ranging from BDO, polymers, fibres, pharmaceuticals, food, polyurethanes, plasticizers to dyes and coatings. However the major demand originates from coating, resins, BDO, plasticizers and polyurethanes along with the food industry. Currently there is very small number of companies producing succinic acid in large amounts. Most of the companies are small scale and with limited capacity.
Developing countries like China and India are dotting with small scale producers of succinic acid.
1. BioAmber Inc
2. Myriant Corporation
3. BASF SA
4. DSM Netherlands
5. Mitsui & Co. Ltd
6. Mitsubishi Chemical Corporation
7. Purac (Carbion NV)
8. Reverdia (DSM – Roquette)
9. Gadiv Petrochemical Industries Ltd
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This Occams Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2021
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. Deep profiles top competitive companies
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