December 2017

Asia-Pacific Bio-Based Succinic Acid Market Segmented by Application and Geography (2018 - 2023)

Purchase Report
Single user license
Team license
Corporate license

Asia-Pacific Bio-Based Succinic Acid Market 

The Asia-Pacific bio-based succinic acid market has been estimated at USD XX.XX billion in 2015 and is projected to reach USD XX.XX billion by 2020, at a CAGR of more than 40% during the forecast period.

Succinic acid is a pivotal intermediate chemical that has a myriad of applications in the production of a wide variety of specialty and commodity chemicals. It is known to offer an extensive array of utilities encompassing polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates and cosmetics among many others. On earlier accounts, petroleum was the sole source of deriving succinic acid but, in the recent times, the current manufacturing procedures have commenced making use of renewable feedstock for extracting this vital compound. This biological procedure of obtaining succinic acid is sustainable, efficient, economical and environment-friendly which all work towards giving rise to a greater demand in the market.

Market Dynamics of the Asia-Pacific Bio-based Succinic Acid Market:

The following are the driving factors of the market,

  • Greater requirement for viable processes
  • Increased concerns related to the environment
  • Reduced dependence upon oil & fuel reserves
  • Low cost
  • Feasible due to a wide range of applications

The combination of succinic acids with 1, 4-butanediol results in coming to terms with several innovative applications for green biopolymers such as polybutylene succinate (PBS) in biodegradable packaging films and disposable cutlery. The APAC bio-based succinic acid market can be geographically divided into India, China, Japan and South Korea. There is a marked augmentation in the number of manufacturing industries being set up in the Asia-Pacific region because of the development in the economy and the relatively cheaper labor costs. This further increases the demand for products like succinic acid which serves as a raw material in the manufacture of a variety of other materials.

The market is segmented based on the applications as 1,4-butanediol & derivatives, cosmetics, de-icer solutions,  food, pharmaceuticals, plasticizers, polyurethanes, resins, coatings, pigments, dyes & inks, solvents & lubricants and others. The key players in the market are:

  • Anqing Hexing Chemicals Ltd
  • BASF
  • Bio Amber Inc.
  • DSM NV
  • Myraint Corp. 

Key Deliverables in the Study:

  • Analysis for the Asia-Pacific bio-based succinic acid market, with region specific assessments and competition analysis on a global and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Asia-Pacific bio-based succinic acid market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped
No related reports available.
Purchase Report
Single user license
Team license
Corporate license
Our Clients Include View All

Looking to Customize Report?