Nov 6, 2017   SOURCE: BusinessWire

Global Succinic Acid Market - Expected to Grow at a CAGR of 29% During 2017-2022 - Research and Markets

The "Global Succinic Acid Market - Growth, Trends, And Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.

The global succinic acid market is expected to register a CAGR of 29% during 2017-2022 (forecast period).

The primary drivers for the growth of this market are the increasing application and movement of the chemical industry towards bio-based sustainable chemicals. Another driving factor is the increase in demand for a bio-based chemical. However, the high processing cost and intense competition in the market are the major challenges. Mass production and an improvement in the production techniques are expected to address the cost viability issue of the bio-succinic acid market.

The application of succinic acid covers the largest segment in the global market. By type, the succinic market is segmented as bio-based and petro-based. Succinic acid has a wide variety of applications, which include industrial applications (56.37%), pharmaceuticals (16.83%), food & beverages (14.08%), and others (12.72%). All these applications have high growth potential, which ultimately drive the succinic acid market.

In the food industry, succinic acid can be classified as a flavoring & softening agent, preservative, anti-microbial agent and others.

Companies Mentioned:

  • BioAmber
  • Myriant
  • Succinity
  • Reverdia
  • Nippon Shokubai
  • Mitsubishi Chemical Holdings
  • Kawasaki Kasei Chemicals Ltd.
  • Linyi Lixing Chemical Co., Ltd.
  • Anhui Sunsing Chemicals
  • Gadiv Petrochemical Industries Ltd.
  • Others

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Market Overview

4. Market Dynamics

5. Market Segmentation

6. Competitive Landscape

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/bxqtb7/global_succinic