Succinic_Acid_Market_will_Grow_at_CAGR_of_21%_by_2021_-_by_Market_Research_Engine
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<strong>Succinic</strong> <strong>Acid</strong> <strong>Market</strong> <strong>will</strong> <strong>Grow</strong> <strong>at</strong> <strong>CAGR</strong> <strong>of</strong> <strong>21%</strong> <strong>by</strong> <strong>2021</strong> - <strong>by</strong><br />
<strong>Market</strong> <strong>Research</strong> <strong>Engine</strong><br />
New York, July 30: <strong>Market</strong> <strong>Research</strong> <strong>Engine</strong> has published a new report titled as<br />
“<strong>Succinic</strong> <strong>Acid</strong> <strong>Market</strong> for 1,4-BDO, Resin, Co<strong>at</strong>ings, Dyes & Inks, Pharmaceutical,<br />
Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing<br />
Solutions Applic<strong>at</strong>ions - Global Industry Analysis, Size, Share, <strong>Grow</strong>th, Trends and<br />
Forecast, 2016 - <strong>2021</strong>”<br />
<strong>Succinic</strong> acid is white, solid and odourless chemical compound. It is mainly used as feedstock<br />
for many m<strong>at</strong>erials such as polymers, resins and solvents. FDA has approved it as as safe for<br />
additives in food and dietary supplements.<br />
Browse Full Report: https://www.marketresearchengine.com/reportdetails/succinic-acid-market<br />
Global <strong>Succinic</strong> acid market is anticip<strong>at</strong>ed to exceed more than USD 490 million <strong>by</strong> 2020. The<br />
revenue <strong>of</strong> this market is projected to increase <strong>at</strong> <strong>CAGR</strong> <strong>of</strong> <strong>21%</strong> during the forecast period.<br />
Europe is a leading market for succinic acid industry <strong>by</strong> revenue which accounted largest share<br />
worldwide. Asia Pacific is a second leading market and <strong>will</strong> grow with highest growth r<strong>at</strong>e <strong>at</strong> a<br />
<strong>CAGR</strong> <strong>of</strong> 28% owing to exponential demand for succinic acid in various end-use applic<strong>at</strong>ions<br />
such as pharmaceuticals and personal care industry. China is known for largest consumer <strong>of</strong><br />
succinic acid in Asia Pacific acid.<br />
Increasing demand for bio based succinic is challenging the market players to meet the needs <strong>of</strong><br />
consumers which is a driver for global succinic acid market. Rising demand in pharmaceuticals<br />
industry is one <strong>of</strong> the driving factors. Personal care and pharmaceutical market account the<br />
largest share in the market which is major driving factor for global market.<br />
The global succinic acid market according to its source is segmented as petroleum-based and<br />
bio-based. The following market <strong>by</strong> applic<strong>at</strong>ion is segmented as 1, 4 butanediol, polyurethane,<br />
food and beverages, resins, co<strong>at</strong>ings & pigments, plasticizers, pharmacy, de-icer solutions,<br />
PBS/PBST, solvents & lubricants, personal care, and others applic<strong>at</strong>ions. The market segments<br />
in terms <strong>of</strong> geographical regions include North America, Europe, Asia-Pacific and Rest <strong>of</strong> the<br />
World(ROW).<br />
This report provides:<br />
1) An overview <strong>of</strong> the global market for succinic acid and rel<strong>at</strong>ed technologies.<br />
2) Analyses <strong>of</strong> global market trends, with d<strong>at</strong>a from 2013, estim<strong>at</strong>es for 2014 and 2015, and<br />
projections <strong>of</strong> compound annual growth r<strong>at</strong>es (<strong>CAGR</strong>s) through 2020.<br />
3) Identific<strong>at</strong>ions <strong>of</strong> new market opportunities and targeted promotional plans for succinic acid<br />
market.
4) Discussion <strong>of</strong> research and development, and the demand for new products and new<br />
applic<strong>at</strong>ions.<br />
5) Comprehensive company pr<strong>of</strong>iles <strong>of</strong> major players in the industry.<br />
REPORT SCOPE:<br />
The scope <strong>of</strong> the report includes a detailed study <strong>of</strong> global and regional markets for various types<br />
<strong>of</strong> co<strong>at</strong>ings with the reasons given for vari<strong>at</strong>ions in the growth <strong>of</strong> the industry in certain regions.<br />
The report covers detailed competitive outlook including the market share and company pr<strong>of</strong>iles<br />
<strong>of</strong> the key participants oper<strong>at</strong>ing in the global market.<br />
Key players pr<strong>of</strong>iled in the report include:<br />
• BioAmber Inc<br />
• Gadiv Petrochemical industries ltd<br />
• Kawasaki Kasei Chemicals Ltd<br />
• Mitsubishi Chemical Corpor<strong>at</strong>ion<br />
• Mitsui & Co. Ltd<br />
• Myriant Corpor<strong>at</strong>ion<br />
• Nippon Shokubai Co. Ltd<br />
• PTT Global Chemical Public Co. Ltd<br />
• Purac<br />
• BASF SE<br />
• Reverdia<br />
• Roquette Freres S.A<br />
• DSM N.V<br />
Company pr<strong>of</strong>ile includes assign such as company summary, financial summary, business<br />
str<strong>at</strong>egy and planning, SWOT analysis and current developments.<br />
The Top Companies Report is intended to provide our buyers with a snapshot <strong>of</strong> the industry’s<br />
most influential players.<br />
The <strong>Succinic</strong> acid<strong>Market</strong> has been segmented as below:<br />
<strong>by</strong> Source<br />
• Petroleum-based<br />
• Bio-based<br />
<strong>by</strong> Applic<strong>at</strong>ion<br />
• Polyurethane<br />
• 1, 4 Butanediol<br />
• Food and Beverages<br />
• Resins<br />
• Co<strong>at</strong>ings & Pigments
• Plasticizers<br />
• Pharmacy<br />
• De-icer solutions<br />
• PBS/PBST<br />
• Solvents & Lubricants<br />
• Personal Care<br />
• Other<br />
<strong>by</strong> Region<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Rest <strong>of</strong> the World (RoW)<br />
Reasons to buy this Report:<br />
1) Obtains the most up to d<strong>at</strong>e inform<strong>at</strong>ion available on all active and planned succinic acid<br />
industry globally.<br />
2) Identify growth segments and opportunities in the industry.<br />
3) Facilit<strong>at</strong>e decision making on the basis <strong>of</strong> strong historic and forecast <strong>of</strong> succinic acid industry<br />
and unit capacity d<strong>at</strong>a.<br />
4) Assess your competitor’s refining portfolio and its evolution.<br />
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2015 - 2023 https://www.marketresearchengine.com/reportdetails/titanium-dioxidemarket<br />
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Plastic Additives & Printing Ink Applic<strong>at</strong>ions - Global Industry Analysis, Size, Share,<br />
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https://www.marketresearchengine.com/reportdetails/acrylic-acid-market<br />
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