DUBLIN--(BUSINESS WIRE)--The "Global Bio-Based Succinic Acid Market - Segmented by Application and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The market for bio-based succinic acid is expected to register significant growth during the forecast period, 2018 to 2023. This tremendous growth is significantly driven by increase in the number of emerging applications, like (non-phthalate) plasticizers, resins, and polyester polyols for polyurethanes.
The potential consumption of succinic acid as starting feedstock for extensive array of products, such as polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates, and cosmetics, is the major driver, which has been successful in the development of the technology for bio-based succinic acid production.
Currently, bio-based succinic acid is gaining significance as a replacement for petroleum-based succinic acid, owing to being renewable and eco-friendly, which are key for bio-based succinic acid to increase its market share in the global succinic acid market during the forecast period.
Though North America is the largest regional market for global bio-based succinic acid, Asia-Pacific represents the fastest-growing regional market. The increasing demand from pharmaceutical, automotive and personal care industries of countries, like China, India, Thailand, and Korea, are providing great opportunity for the bio-based succinic acid market to continue its fast pace of growth. Moreover, since, the product is an intermediate and is bio-degradable in nature, it has been widely accepted by the industries for various purposes, such as food packaging, paints, and polymer resins, amongst others. The large market, with huge growth in Asia-Pacific, is instrumental in the expansion of the global bio-based succinic acid market.
- Anqing Hexing Chemical Co.,Ltd.
- BASF Corporation
- BioAmber Inc
- Kawasaki Kasei Chemicals
- Koninklijke DSM N.V.
- Lixing Chemical
- Mitsui Chemicals
- Myriant Corporation.
- Nippon Shokubai Co. Ltd.
- PTT Global Chemical Public Company Limited
- Succinity GmbH.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Analysis
7. Production and Capacity Analysis
8. Future of the Market
9. Competitive Landscape
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/dm4t39/global_biobased?w=4