The Global Succinic Acid Market Report offers a great understanding of the current market situation with the historic and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the market. The Global Succinic Acid Market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2025.The report proves to be an indispensable when it comes to market definition, classifications, applications and engagements. The market report also computes the market size and revenue generated from the sales. The Global Succinic Acid Market presents with the key statistics on the market status of global and regional manufacturers and also acts as a valuable source of leadership and direction. What is more, Global Succinic Acid Market report analyses and provides the historic data along with the current performance of the market.
Market Analysis: Global Succinic Acid Market
Global Succinic Acid Market is expected to rise from its initial estimated value of USD 130.65 million in 2018 to an estimated value of USD 223.97 million by 2026, registering a CAGR of 6.97% in the forecast period of 2019-2026.
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Key Market Competitors:
Few of the major competitors currently working in succinic acid market are-Anhui Sunsing Chemicals Co., Ltd., an qing he xing chemical corporation limited., BioAmber, GC Innovation America, Gadiv Petrochemical Industries Ltd., KAWASAKI KASEI CHEMICALS, NIPPON SHOKUBAI CO., LTD., Reverdia, Shangdong Yuhang Chemical Co.,Ltd., Shangdong Lixing Chemical Co.,Ltd, Spectrum Chemical Manufacturing Corporation., Thirumalai Chemicals Ltd., Mitsubishi Chemical Holdings Corporations.
Market Definition: Global Succinic Acid Market
Succinic acid is a dicarboxylic acid which is used a chemical intermediate in medicine, to make perfume esters and for the manufacture of lacquers. The name is derived from the latin word succinum meaning amber and is also known as ‘spirit of amber’.
They have many biological roles in living organisms as they take the form of an anion which is a component of citric acid and which are capable of donating electron to the electron transfer chain. They are also used as a flavouring agent in foods and beverages and also as a intermediates for dyes, lacquers, metal treatment chemicals etc.
Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Market Landscape
Part 04: Market Sizing
Part 05: Segmentation- By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Segmentation: Global Succinic Acid Market
- Bio- Based Succinic Acid
- Petro- Based Succinic Acid
By End- Use
- Food & Beverages
- North America
- Middle East and Africa
Key Developments in the Market:
- In June 2017, BioAmber announced the launch of their BIO-SA pharmaceutical grade which provides a USP/NF and FCC Grade of bio- succinic acid which is manufactured under the manufactured under the United States Food and Drug Administration’s (FDA) good manufacturing practices (GMP) for food and Excipients.
- In November 2016, Reverdia announced their partnership with Hangzhou Xinfu Science & Technology Co., Ltd to adopt Biosuccinium in bio- based polymer and co- polymer for the packaging industry. The main aim is to target the biodegradable packaging market.
Competitive Analysis: Global Succinic Acid Market
Global succinic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of succinic acid market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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