Succinic acid is a four-carbon dicarboxylic acid (butanedioic acid or amber acid, C4H6O4). Industrially, succinic acid is currently produced petrochemically from maleic acid and is thus based on petroleum. Succinic acid can be produced by fermentation as it is an intermediate of the tricarboxylic acid cycle (TCA, citrate cycle) and one of the end products of anaerobic metabolism. Succinic acid offers great potential as a platform chemical in the application areas of bio-based plastics, solvents, plasticizers, adhesives, and resins. According to market research study published by Gen Consulting Company, the global succinic acid market is predicted to be growing at a CAGR of over 4.3% from 2021 to 2027.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global succinic acid market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the succinic acid industry.

The succinic acid market is segmented on the basis of product, application, and region. The succinic acid market is segmented as below:

By product:
– bio-based succinic acid
– petro-based succinic acid

By application:
– BDO
– PBS
– plasticizer
– solvent & lubricant
– polyols
– pharmaceutical
– others

By region:
– Asia-Pacific
– Europe
– North America
– Middle East and Africa (MEA)
– South America

The report explores the recent developments and profiles of key vendors in the Global Succinic Acid Market, including Anhui Sunsing Chemicals Co., Ltd., Anqing Hexing Chemical Co., Ltd., Baoji Jinbaoyu Technology Co., Ltd., BioAmber Inc., Fuso Chemical Co., Ltd., Gadiv Petrochemical Industries Ltd., JINHUI ZHAOLONG High Technology Co., Ltd., Kawasaki Kasei Chemicals Ltd., Myriant Corporation, Nippon Shokubai Co., Ltd., PTT Global Chemical Public Company Limited, Reverdia V.o.f. (DSM Succinic Acid B.V. & Roquette B.V.), Shandong Feiyang Chemical Co., Ltd., Shanghai Shenren Fine Chemical Co., Ltd., SINOPEC Yangzi Petrochemical Co., Ltd., Succinity GmbH (BASF SE & Corbion N.V.), Tianjin Bohua Zhonghe Chemical Co., Ltd., among others.
*REQUEST FREE SAMPLE TO GET A COMPLETE LIST OF COMPANIES

Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global succinic acid market.
– To classify and forecast the global succinic acid market based on product, application, and region.
– To identify drivers and challenges for the global succinic acid market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global succinic acid market.
– To identify and analyze the profile of leading players operating in the global succinic acid market.

Why Choose This Report
– Gain a reliable outlook of the global succinic acid market forecasts from 2021 to 2027 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.