Global Succinic Acid Consumption Had Increased from 28495 Ton in 2013 to 50276 Ton in 2017

Global Succinic Acid Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023


Hong Kong, China -- (ReleaseWire) -- 10/17/2018 --New report published by Global Info Research which offers insights on the global Succinic Acid market.

Succinic acid, also called Butanedioic Acid, a dicarboxylic acid of molecular formula C4H6O4 that is widely distributed in almost all plant and animal tissues and that plays a significant role in intermediary metabolism. It is a colorless crystalline solid, soluble in water, with a melting point of 185–187° C (365–369° F).

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Global Succinic Acid Market: Forecast by Type / Application / Region

Market Segment by Manufacturers covers: Bioamber, Myriant, Kawasaki Kasei Chemicals, lylixing, Anhui Sunsing Chemicals, Mitsubishi Chemical Holdings, Succinity, Nippon Shokubai, Gadiv and Reverdia.

Market Segment by Type, covers: Bio-based and Petro-based.

Market Segment by Applications be divided into: Polyurethane, Resins, Coatings & Pigments, Pharmaceuticals, Plasticizers, Food & Beverage, PBS/PBST, Solvents & Lubricants, De-Icer Solutions and Personal Care.

Large-scale bio-based succinic acid was first produced in Cassano Spinola, Italy, operated by Reverdia, the joint venture between DSM and Roquette Freres. The facility, which uses a yeast-based fermentation process, has a 10,000 tonnes/year capacity producing a plant-based succinic acid marketed under the brand Biosuccinium. From then on, most suppliers have started bio-based succinic acid production. Currently, global major bio-based succinic acid suppliers include BioAmber, GC Innovation America, Reverdia and Succinity GmbH.

Though bio-based succinic acid becomes a popular environmental product, there are still few petro-based succinic acid suppliers, such as Mitsubishi Chemical, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals and Jinbaoyu Technology.

Currently, petro-based succinic acid production is less than that of bio-based succinic acid. According to our research, production of petro-based succinic acid and bio-based succinic acid were separately 22068 MT and 28208 MT in 2017. We predict that bio-based succinic acid have great market potential.

Regionally, global major succinic acid consumption regions are Europe, North America, and Asia-Pacific. In 2017, Asia-Pacific is the largest consumption region with consumption of 23186 MT.

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Related Information:
United States Succinic Acid Market 2018 Forecast to 2023
Europe Succinic Acid Market 2018 Forecast to 2023
North America Succinic Acid Market 2018 Forecast to 2023
Asia-Pacific Succinic Acid Market 2018 Forecast to 2023
China Succinic Acid Market 2018 Forecast to 2023
EMEA Succinic Acid Market 2018 Forecast to 2023
Global Succinic Acid Market 2018 Forecast to 2023

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