Bio Succinic Acid Market Trends, Demand, Growth, Opportunities and Key Manufacturers Forecast to 2025
Bio-Succinic Acid Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, August 16, 2018 ) Industry Outlook and Trend Analysis
The global bio succinic acid market was worth USD 356.09 million in the year 2016 and is anticipated to reach roughly USD 11497.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 47.12% during the forecast period. It is extensively useful in a variety of applications such as polyester polyols, butanediol (BDO) and PBST. Rising requirement of BDO and its by-products such as Gamma-Butyrolactone, Polybutylene Terephthalate and Tetrahydrofuran in various applications like engineering and pharmaceuticals is said to boost the demand. Furthermore, increasing usage of pigments, lubricants, food colorants and personal care products are anticipated to have a major influence on the growth of this market. Increasing awareness regarding utilization of products that are bio-based in the food and packaging industry is said to stimulate the growth of the market. Hike in the utilization of bio-succinic due to contraction of carbon footprints coupled with regulatory encouragement with the aim of increasing awareness with regards to hazards caused by the utilization of chemical that are petroleum-based is said to boost the growth of the market. For the manufacturing of alkyd resin, bio-succinic acid can be utilized in place of phthalic anhydride as it offers various environmental benefits and is cost-effective, which will stimulate the market in the coming years. North America and Europe are said to encounter extensive growth as bio-succinic acids reduces the emission of carbon dioxide. Due to having considerable amount of plants in countries like China, Thailand and South Korea, the Asia Pacific region is said to encounter significant growth. However, the high prices of the bio-succinic acid may inhibit the growth of the market.
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Application Outlook and Trend Analysis
The global market for bio-succinic acid was led by butanediol (BDO) in the year 2013 that registered over 35 percent of the total requirement. Increasing utilization of butanediol in coatings, adhesives and sealants, cleaning products, pharmaceutical and engineering plastics is anticipated to boost the growth of the market. The process of bio-succinic acid replacing Maleic Anhydride (MAN) is said to fuel its demand. A substantial share of revenue was accounted by Polyester polyols for increasing the demand of polyurethanes. Additionally, its increasing utilization as adhesives and sealants, soles of footwear, molded foams and interiors of automotive is anticipated to increase the share of the polyester polyols in the market.
Regional Outlook and Trend Analyses
The bio-succinic acid market of Europe had more than 45 percent of the share of the total volume in the year 2013. However, instructions from authorities that are implemented by several agencies in order to reduce greenhouse gas is said to spur the growth of the market in the coming years. The bio-succinic acid market of Asia Pacific was worth USD 40.4 million in the year 2013 and is expected to encounter substantial growth due to factors such as increased industrialization coupled with increased requirement of bio-succinic acid in applications like alkyd resins, plasticizers, butanediol and polyester polyols in countries like China and India. Increased awareness associated with hazards caused due to synthetically extracted Polyethylene terephthalate in countries that are developed such as Europe and North America is anticipated to increase its demand. In Asia Pacific regions, specifically China the production of Polyethylene terephthalate accounted the largest share in the year 2013 and is anticipated to encounter substantial requirement for bio-succinic acid due to demand from the clients that are based in Europe and North America. Due to significant demand of bio-succinic acids for applications in plasticizers and butanediol, Brazil and Chile are said to encounter substantial growth.
Competitive Insights
The leading companies that dominated the global bio-succinic acid market are Reverdia and BioAmber. BioAmber held more than 55 percent of the share in the global market in the year 2013. Bio-SA, is provided by BioAmber which is useful in several applications like coatings, resins, personal care products, lubricants, food ingredients, solvents and heat transfer fluids. In 2013 Johnson Matthey-Davy Process Technologies partnered with Myriant Corporation, declared a process that was carbon and cost-efficient for the production of tetrahydrofuran and butanediol.
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The global Bio-succinic acid market is segmented as follows-
By Application
Cosmetic application
Food application
Pharma application
Industrial applications
Polyester polyols
PBS
Plasticizers
Solvents and lubricants
Alkyd Resins
1,4-Butanediol (BDO)
Resins, coatings and pigments
De-icer solutions
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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The global bio succinic acid market was worth USD 356.09 million in the year 2016 and is anticipated to reach roughly USD 11497.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 47.12% during the forecast period. It is extensively useful in a variety of applications such as polyester polyols, butanediol (BDO) and PBST. Rising requirement of BDO and its by-products such as Gamma-Butyrolactone, Polybutylene Terephthalate and Tetrahydrofuran in various applications like engineering and pharmaceuticals is said to boost the demand. Furthermore, increasing usage of pigments, lubricants, food colorants and personal care products are anticipated to have a major influence on the growth of this market. Increasing awareness regarding utilization of products that are bio-based in the food and packaging industry is said to stimulate the growth of the market. Hike in the utilization of bio-succinic due to contraction of carbon footprints coupled with regulatory encouragement with the aim of increasing awareness with regards to hazards caused by the utilization of chemical that are petroleum-based is said to boost the growth of the market. For the manufacturing of alkyd resin, bio-succinic acid can be utilized in place of phthalic anhydride as it offers various environmental benefits and is cost-effective, which will stimulate the market in the coming years. North America and Europe are said to encounter extensive growth as bio-succinic acids reduces the emission of carbon dioxide. Due to having considerable amount of plants in countries like China, Thailand and South Korea, the Asia Pacific region is said to encounter significant growth. However, the high prices of the bio-succinic acid may inhibit the growth of the market.
Get Free Sample Report@ https://www.qurateresearch.com/report/sample/CnM/QBI-CMR-CnM-54976
Application Outlook and Trend Analysis
The global market for bio-succinic acid was led by butanediol (BDO) in the year 2013 that registered over 35 percent of the total requirement. Increasing utilization of butanediol in coatings, adhesives and sealants, cleaning products, pharmaceutical and engineering plastics is anticipated to boost the growth of the market. The process of bio-succinic acid replacing Maleic Anhydride (MAN) is said to fuel its demand. A substantial share of revenue was accounted by Polyester polyols for increasing the demand of polyurethanes. Additionally, its increasing utilization as adhesives and sealants, soles of footwear, molded foams and interiors of automotive is anticipated to increase the share of the polyester polyols in the market.
Regional Outlook and Trend Analyses
The bio-succinic acid market of Europe had more than 45 percent of the share of the total volume in the year 2013. However, instructions from authorities that are implemented by several agencies in order to reduce greenhouse gas is said to spur the growth of the market in the coming years. The bio-succinic acid market of Asia Pacific was worth USD 40.4 million in the year 2013 and is expected to encounter substantial growth due to factors such as increased industrialization coupled with increased requirement of bio-succinic acid in applications like alkyd resins, plasticizers, butanediol and polyester polyols in countries like China and India. Increased awareness associated with hazards caused due to synthetically extracted Polyethylene terephthalate in countries that are developed such as Europe and North America is anticipated to increase its demand. In Asia Pacific regions, specifically China the production of Polyethylene terephthalate accounted the largest share in the year 2013 and is anticipated to encounter substantial requirement for bio-succinic acid due to demand from the clients that are based in Europe and North America. Due to significant demand of bio-succinic acids for applications in plasticizers and butanediol, Brazil and Chile are said to encounter substantial growth.
Competitive Insights
The leading companies that dominated the global bio-succinic acid market are Reverdia and BioAmber. BioAmber held more than 55 percent of the share in the global market in the year 2013. Bio-SA, is provided by BioAmber which is useful in several applications like coatings, resins, personal care products, lubricants, food ingredients, solvents and heat transfer fluids. In 2013 Johnson Matthey-Davy Process Technologies partnered with Myriant Corporation, declared a process that was carbon and cost-efficient for the production of tetrahydrofuran and butanediol.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/CnM/QBI-CMR-CnM-54976
The global Bio-succinic acid market is segmented as follows-
By Application
Cosmetic application
Food application
Pharma application
Industrial applications
Polyester polyols
PBS
Plasticizers
Solvents and lubricants
Alkyd Resins
1,4-Butanediol (BDO)
Resins, coatings and pigments
De-icer solutions
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Get Discount@ https://www.qurateresearch.com/report/discount/CnM/QBI-CMR-CnM-54976
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results