Global Bio-Succinic Acid Market 2014 to 2020: Industry Size, Trends, Analysis and Forecast
The global market for bio-succinic acid is expected to reach USD 992.9 million by 2020, growing at a CAGR of 23.3% from 2014 to 2020. The recognition of succinic acid, as a potential platform chemical by the U.S. Department of Energy, has resulted in significant opportunities in replacement applications, particularly in maleic anhydride and adipic acid, for bulk volume industrial applications such as bioplastics, polyurethanes and engineering plastics.
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