The Bio Succinic Acid Market is expected to grow at CAGR of 23.2% from 2021 to 2027. Availability of raw material, production cost and a wide range of industrial applications are driving the succinic acid market. 1, 4, BDO is the largest segment of the succinic acid market and expected to be the largest segment in the year 2027. BDO is also the largest growing segment in Succinic acid market with a CAGR of over 35% from 2021 to 2027. High demand from 1,4, BDO is driving the industrial material segment. Availability of raw material is another motivator for the bio-succinic acid market. Bio Succinic acid is being produced from sugarcane, corn and cassava and also can be produced from waste materials such as beetroot pulp, agriculture waste and other food waste. The succinic acid application market segmented in seven major categories which are 1,4, BDO, Plasticizer, PBS, Solvent & lubricant, Polyols, Pharmaceutical application and food & beverages applications.
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Key companies which are profiled in the report are Anquing Hexing Chemicals, Basf SE, BioAmber INC, Mitusi Group, Lixing Chemical, Myriant, PTT-MCC, Reverdia and Succinity GmbH.
Bio-Succinic Acid Market, By Application
- BDO
• Plasticizers
• Polyester Polyols
• Alkyd Resins
• Others
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Scope of the Report
The research study analyzes the global Bio Succinic Acid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Bio Succinic Acid Market Report
1. What was the Bio Succinic Acid Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Bio Succinic Acid Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Bio Succinic Acid Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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