However, factors such as high manufacturing cost and instability in raw material costs are hampering the market. The market has immense opportunities in the forthcoming period, which includes demand for bio-based biodegradable plastic and increasing need for green substitutes.
PBS/PBST is the fastest estimated application segment owing to the growing demand for non-degradable and non-toxic plastic packaging components for the PET bottles. Pharmaceuticals accounted for second largest market share with the rise of medical tourism due to advanced healthcare. North American region is experiencing a shift from conventional succinic acid to bio-based succinic acid consumption. Germany is the key consumer of succinic acid in Europe. The largest manufacturers of bio-based succinic acid in Europe are Succinity GmbH and Reverdia. China is the largest consumer of succinic acid in Asia Pacific region and is expected to grow at a highest CAGR during the forecast period.
Some of the key players of the Succinic Acid market include Anhui Sunsing Chemicals Co., Ltd., Anqing Hexing Chemical Co. Ltd., Gadiv Petrochemical Industries Ltd., Grauer & Weil (I) Ltd., Kawasaki Kasei Chemicals Ltd., Linyi Lixing Chemical Co., Ltd., Maanvi Chemicals & Fertilizers, Mitsubishi Chemical Holdings Corporation, Myriant Corporation, New Japan Chemical Co., Ltd., Nippon Shokubai Co. Ltd, Sigma-Aldrich, Sinopec Yangzi Petrochemical, Spectrum Chemical Mfg. Corp., SRS Pharmaceuticals Pvt Ltd., Succinity GmbH, TCI Chemicals (India) Pvt Ltd. and Thirumalai Chemicals Limited.
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Scope of the Report:
• Coatings & Pigments
• De-icing Solutions
• Food and Beverages
• Personal Care
• Resins, Coatings, Dyes & Inks
• Solvents & Lubricants
• Petro-Based Succinic Acid
• Bio-Based Succinic Acid
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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For more information, please visit Stratistics Market Research Consulting Pvt Ltd
Company Name: Stratistics Market Research Consulting
Contact Person: James Lamb
Country: United States
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