Apr 27, 2022   SOURCE: BusinessWire

Global Bio-Succinic Acid Market (2021 to 2026) - Government Regulating Support to Increase Awareness Presents Opportunities - ResearchAndMarkets.com

The "Global Bio-Succinic Acid Market (2021-2026) by Process Type, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Bio-Succinic Acid Market is estimated to be USD 259.63 Mn in 2021 and is expected to reach USD 548.14 Mn by 2026, growing at a CAGR of 16.12%.

Higher cost of crude oil, increasing demand for renewable chemicals, and increase in investments for green chemicals are major factors driving the Global Bio-Succinic Acid Market. Rising environmental awareness and government support for bio-based biodegradable products are expected to increase market growth. However, the high price of bio-succinic acid and lengthy extraction processes hinder market growth.

The increase in research and development among several companies to achieve an effective production process is expected to create lucrative opportunities for the market.

Market Segmentation

  • The Global Bio-Succinic Acid Market is segmented further based on Process Type, Application, End-User, and Geography.
  • By Process, the market is classified as Ammonium Sulphate Process, Direct Crystallization Process, and Electrodialysis Process.
  • By Application, the market is classified as 1, 4 Butanediol, Plasticizers, Polybutylene Succinate, Polyester Polyols, Solvents & Coatings, and Olymer & Esters.
  • By End User, the market is classified as Agriculture, Chemical Industry, Food, Personal Care, and Pharmaceutical.
  • By Geography, Americas is projected to lead the market.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Bio-Succinic Acid Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

  • Utilization as an Intermediate in Industrial Production of Lubricants
  • Raising Awareness in the Advantages of Using Bio-Based Chemicals

Restraints

  • High Capital Intensive and Issues in Commercialization
  • Complicated Extraction Process

Opportunities

  • Robust Research and Development among Several Companies
  • Government Regulating Support to Increase Awareness

Challenges

  • Reduced Penetration to Replace Cost-Effective Petrochemical

Companies Mentioned

  • Anhui Sunsing Chemicals
  • BASF
  • Corbion
  • DSM
  • Kawasaki Kasei Chemicals
  • LCY Biotechnology
  • Linyi Lixing Chemical
  • Mitsubishi Chemical
  • Myriant
  • Nippon Shokubai
  • Reverdia
  • Roquette
  • Shenyang Fada Biological Technology
  • Sigma-Aldrich

For more information about this report visit https://www.researchandmarkets.com/r/sd4qi7.