DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/s27gf7/succinic_acid) has announced the addition of the "2013 Report on the International Succinic Acid Market - Trends and Forecasts to 2018" report to their offering.
Petroleum derived maleic anhydride is the conventional feedstock material used in the manufacture of succinic acid. The price of conventionally derived succinic acid is vulnerable to any fluctuations in petroleum prices. Raw material price has remained a major concern for succinic acid manufacturers. Moreover, growing environmental concern among end users has resulted in increasing demand for green products.
To overcome these restraints, succinic acid manufacturers are gradually shifting towards development and commercialization of bio-based succinic acid. Various companies such as Reverdia and BioAmber are investing heavily in the development and production of bio-based succinic acid. Development and commercialization of bio-based succinic acid is expected to open new opportunities for industry players.
The market for succinic acid in 2011 was valued at USD 240.3 million and is forecasted to reach USD 836.2 million by the end of 2018, growing at a CAGR of 19.4% between 2012 and 2018. The growing demand for 1,4-butanediol, polyurethane, plasticizers, resins, coatings, dyes & inks, and pharmaceutical applications has triggered the demand for succinic acid on a global level. In 2011, resins, coatings, dyes, and inks together dominated the market, and accounted for 20.8% of the total succinic acid consumed globally. Stringent environmental regulations are expected to hamper the growth of petroleum-derived succinic acid in the years to come.
Key Topics Covered:
2 Executive Summary
3 Succinic Acid: Industry Analysis
4 Succinic Acid Market: Application Analysis
5 Succinic Acid Market: Regional Analysis
6 Company Profiles
- Anqing Hexing Chemical Co., Ltd.
- BASF SE
- Gadiv Petrochemical Industries Limited
- Kawasaki Kasei Chemicals
- Mitsubishi Chemical Corporation
- Mitsui & CoLtd.
- Myriant Technologies
- Nippon Shokubai Co., Ltd.
- PTT Global Chemical Public CoLtd
- Purac Biochem
- Showa Denko K.K.
For more information visit http://www.researchandmarkets.com/research/s27gf7/succinic_acid