The global Succinic Acid market was valued at US$ 56 million in 2020 and it is expected to reach US$ 95 million by the end of 2027, growing at a CAGR of 6.0% during 2021-2027.
Succinic acid, also called Butanedioic Acid, a dicarboxylic acid of molecular formula C4H6O4 that is widely distributed in almost all plant and animal tissues and that plays a significant role in intermediary metabolism. It is a colorless crystalline solid, soluble in water, with a melting point of 185–187° C (365–369° F).
Global succinic acid key players include LCY Biosciences(BioAmber), GC Innovation America, Roquette(Reverdia) etc.Global top 5 manufacturers hold a share over 60%.
China is the largest market, with a share over 37%, followed by North America and Europe, both have a share about 42 percent.
In terms of product, Bio-based is the largest segment, with a share about 66%. And in terms of application, the largest application is Resins, Coatings and Pigments, followed by Pharmaceuticals.
Global Succinic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Succinic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are LCY Biosciences(BioAmber), GC Innovation America, Roquette(Reverdia), Succinity GmbH, Mitsubishi Chemical, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals, Jinbaoyu Technology, Shandong Landian Biological Technology Co., LTD, Shanghai shenren Fine chemical Co.,ltd., Weinan Huifeng and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-succinic-acid-market-outlook
Segment by Type
- Bio-based
- Petro-based
Segment by Application
- Resins, Coatings and Pigments
- PBS
- Food and Beverage
- Pharmaceuticals
- Polyester Polyols
- Others
Table of Content:
1 Succinic Acid Market Overview
2 Succinic Acid Market Competition by Manufacturers
3 Succinic Acid Retrospective Market Scenario by Region
4 Global Succinic Acid Historic Market Analysis by Type
5 Global Succinic Acid Historic Market Analysis by Application
6 Key Companies Profiled
7 Succinic Acid Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Succinic Acid Market Dynamics
10 Global Succinic Acid Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Media Contact
Company Name: The Market Reports
Contact Person: Shirish Gupta
Email: sales@themarketreports.com
Phone: +1-631-407-1315
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.