| Succinic acid, as a stage substance, is filling sought after in different applications. Be that as it may, utilization of oil based succinic corrosive, as a halfway, in assembling different synthetic substances, is restricted because of its unpredictability of cost and carbon impressions. These worries prompted the revelation of natural assembling of succinic corrosive.
The bio succinic corrosive market is figure to develop at a critical rate over the course of the following seven years. The significant drivers in the Bio succinic Acid Market will be unpredictability in petroleum product costs, ascend in carbon impressions, and a premium in utilizing locally accessible unrefined components.
Global Succinic Acid Market - Trends, COVID-19 impact and Growth Forecasts to 2026
ChemIntel360’s global Succinic Acid Market study is a 240 slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications perspective. The industry is expected to grow at a CAGR of 6.8% mainly due to shift towards Succinic Acid as a viable alternative to Adipic Acid for production of Polyurethane.
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Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by application (BDO, PBS, PBST, Polyester Polyols, Plasticizer, Food, Pharmaceutical, Alkyd Resins, Resins and Coatings, Cosmetics, Solvents and Lubricants, De-icer Solutions, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Succinic Acid market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$0.18 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Regional Analysis:
The Succinic Acid Market has been divided all across the globe based on the region into Latin American region, North American region, Asia-Pacific region, European region, and the Middle East and African region.
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Competitive Landscape:
Merck KGaA (Germany), Ernesto Ventos. S.A. (Spain), ThyssenKrupp AG (Germany), BioAmber, Inc. (US), Myriant Corporation (US), Succinity GmbH (Germany), Reverdia (Netherlands), NIPPON SHOKUBAI CO., LTD. (Japan), KAWASAKI KASEI CHEMICALS (Japan), Anhui Sunsing Chemicals Co., Ltd. (China), Gadiv Petrochemical Industries Ltd. (Israel), Spectrum Chemical Manufacturing Corp. (US), FUSO CHEMICAL CO., LTD. (Japan), S.S. Pharmachem (India), and R-Biopharm AG (Germany)
About Us:
ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.
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Mr. Jason Victor
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