Welcome!

News Feed Item

Succinic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2018

DUBLIN, April 25, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/f5mmlc/succinic_acid) has announced the addition of the "Succinic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018" report to their offering. 

     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )


Petroleum derived maleic anhydride is the conventional feedstock material used in the manufacture of succinic acid. The price of conventionally derived succinic acid is vulnerable to any fluctuations in petroleum prices. Raw material price has remained a major concern for succinic acid manufacturers. Moreover, growing environmental concern among end users has resulted in increasing demand for green products. To overcome these restraints, succinic acid manufacturers are gradually shifting towards development and commercialization of bio-based succinic acid. Various companies such as Reverdia and BioAmber are investing heavily in the development and production of bio-based succinic acid. Development and commercialization of bio-based succinic acid is expected to open new opportunities for industry players. 

The market for succinic acid in 2011 was valued at USD 240.3 million and is forecasted to reach USD 836.2 million by the end of 2018, growing at a CAGR of 19.4% between 2012 and 2018. The growing demand for 1,4-butanediol, polyurethane, plasticizers, resins, coatings, dyes & inks, and pharmaceutical applications has triggered the demand for succinic acid on a global level. In 2011, resins, coatings, dyes, and inks together dominated the market, and accounted for 20.8% of the total succinic acid consumed globally. Stringent environmental regulations are expected to hamper the growth of petroleum-derived succinic acid in the years to come. 

Increase in construction and infrastructure development activity is expected to trigger the demand for resin, coating, and polyurethanes, which in turn is expected to drive the growth of the market. Pharmaceutical was the second largest application of succinic acid, which accounted for 13.0% share of total consumption in 2012. 1,4 BDO is the fourth largest application market in 2011 however, it is expected to grow at a highest rate from 2012 to 2018. With over 12% share in total volume consumption, polyurethane was the second largest application of succinic acid in 2011 and is expected to grow at a CAGR of 28.0% from 2012 to 2018. Moreover, growing demand in emerging economies such as, China, India, Brazil, etc. has remained the major growth driver for the market during the recent past, and is expected to continue driving demand for succinic acid through 2018.


Key Topics Covered: 

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Succinic Acid: Industry Analysis

Chapter 4 Succinic Acid Market: Application Analysis

Chapter 5 Succinic Acid Market: Regional Analysis

Chapter 6 Company Profiles


Companies Mentioned:

  • Anqing Hexing Chemical Co., Ltd.
  • BASF SE
  • BioAmber
  • DSM
  • Gadiv Petrochemical Industries Limited
  • Kawasaki Kasei Chemicals
  • Mitsubishi Chemical Corporation
  • Mitsui & CoLtd.
  • Myriant Technologies
  • Nippon Shokubai Co., Ltd.
  • PTT Global Chemical Public CoLtd
  • Purac Biochem
  • Reverdia
  • Showa Denko K.K.


For more information visit http://www.researchandmarkets.com/research/f5mmlc/succinic_acid


Media Contact: Laura Wood, +353-1-481-1716, [email protected]


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...