Northbrook, IL -- (SBWIRE) -- 06/25/2019 -- The report "Succinic Acid Market by Type (Bio-Based Succinic Acid, Petro-Based Succinic Acid), End-Use Industry (Industrial, Food & Beverage, Coatings, Pharmaceutical), and Region (APAC, Europe, North America, South America, Middle East & Africa) - Forecast to 2027", is expected to grow from USD 131.7 million in 2018 and is projected to reach USD 237.8 million by 2027, at a CAGR of 6.8%. The growth of the succinic acid market is attributed to the growing chemical, food & beverage, and pharmaceutical industries.

Browse 110 market data Tables and 37 Figures spread through 130 Pages and in-depth TOC on "Succinic Acid Market"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html

The petro-based succinic acid market is projected to account for the largest share during the forecast period.
Based on type, the succinic acid market has been segmented into petro-based succinic acid and bio-based succinic acid. Petro-based succinic acid is projected to be the largest segment of the market during the forecast period. The demand for petro-based succinic acid is high due to its cost-effectiveness and efficiency in various applications in the chemical industry, such as polyester polyols for manufacturing polyurethane, PBS, and personal care.

APAC is projected to register the highest CAGR, in terms of value, in the succinic acid market during the forecast period.
APAC is the fastest-growing market for succinic acid, in terms of both value and volume. High economic growth, growing manufacturing sector, cheap labor, increasing foreign investments, agreements/collaborations, and expansions, growing consumption of plastics, and a global shift in the production capacity from the developed markets to the emerging markets are the major factors leading to the growth of the succinic acid market in this region. China leads the succinic acid market in APAC. The consumption of succinic acid in the country has grown significantly and is expected to witness further growth during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=402

BioAmber (Canada), GC Innovation America (US), Succinity GmbH (Germany), Reverdia (Netherlands), Nippon Shokubai (Japan), Shandong Lixing Chemical (China), Kawasaki Kasei Chemicals (Japan), Anqing Hexing Chemical (China), Anhui Sunsing Chemicals (China), and Gadiv Petrochemical Industries (Israel) are the key players operating in the succinic acid market.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com