Bio Succinic Acid Market Share, Trends, Size, Research and Forecast 2018-2023

 

The bio-succinic acid market is expected to grow at CAGR of 23.1% from 2018 to 2023. Availability of raw material, production cost and a wide range of industrial applications are driving the succinic acid market. 1, 4, BDO is the largest segment of the succinic acid market and expected to be the largest segment in the year 2023. BDO is also the largest growing segment in Succinic acid market with a CAGR of over 35% from 2018 to 2023. High demand from 1,4, BDO is driving the industrial material segment. The availability of raw material is another motivator for the bio-succinic acid market. Bio-Succinic acid is being produced from sugarcane, corn and cassava and also can be produced from waste materials such as beetroot pulp, agriculture waste and other food waste. The succinic acid application market segmented in seven major categories which are 1,4, BDO, Plasticizer, PBS, Solvent & lubricant, Polyols, Pharmaceutical application, and food & beverages applications.

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The market is segmented on the basis of geographies. North America (the US and Canada), Europe (the Uk, Italy, Spain, Germany and rest of Europe), APAC (India, China, and Japan, and rest of APAC) are major geographies which included in this report. North America is the largest consumer market for Bio-Succinic Acid however APAC is the fastest growing market of Bio-Succinic Acid.

Lots of big players are entering in the Bio succinic acid market and planned to expand their production capacities in the coming future. Key companies which are profiled in the report are Anquing Hexing Chemicals, Basf SE, BioAmber INC, Mitusi Group, Lixing Chemical, Myriant, PTT-MCC, Reverdia and Succinity GmbH.

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Bio Succinic Acid Market- Segmentation

By Applications

• BDO
• Plasticizers
• Pbs
• Solvent And Lubricant
• Polyols
• Pharmaceutical Applications
• Food And Beverages
• Other Applications

By Raw Materials

• Corn-Based Bio-Succinic Acid
• Sugarcane-Based Bio-Succinic Acid
• Cassava-Based Bio-Succinic Acid
• Other Raw Materials-Based Bio-Succinic Acid

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Bio Succinic Acid Market– Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Anhui Sunsing Chemicals Co.,Ltd.
• Anqing Hexing Chemical Co., Ltd.
• Azelis S.A.
• BASF SA
• BioAmber Inc.
• Corbion
• Evonik Industries
• Kawasaki Kasei Chemicals Ltd.
• Mitsubishi Chemical Corporation
• Mitsui Group
• Myriant Corporation
• NATUREWORKS LLC
• PTT MCC Biochem
• R-Biopharm AG
• Reverdia
• Roquette Freres SA
• S.S. Pharmachem
• Sigma-Aldrich
• Succinity Gmbh
• Thyssenkrupp

 

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