Global Succinic Acid Market Forecasts to 2026 by Type, Application, End-User and Geography - A $2+ Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 9, 2018--The “Succinic Acid - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Succinic Acid market accounted for $278.7 million in 2017 and expected to grow at a CAGR of 24.7% to reach $2,036.5 million by 2026.
Increase in the petroleum prices and supportive government policies are some of the factors driving the market growth. However the price fluctuation in raw materials is restricting the market growth. The improved bio-refining processes are providing ample opportunities in the market.
By type, the Bio-Based succinic is expected to grow at a major rate. The fluctuation in fossil fuel prices, rise in carbon footprints, and an interest in using locally available raw materials are driving the market. In addition, rising global requirement of green chemicals will trigger its adoption in wide range of applications, especially in bio plastics, making it a strong platform chemical.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Succinic Acid Market, By Type
6 Global Succinic Acid Market, By Application
7 Global Succinic Acid Market, By End-User
8 Global Succinic Acid Market, By Geography
9 Key Developments
10 Company ProfilingMitsubishi Chemical Holdings Corporation Nippon Shokubai Co. Ltd (Japan) Evonik Industries Mitsui & Co. Ltd. (Japan) Anhui Sunsing Chemicals Co. Ltd. Gadiv Petrochemical Industries Ltd. (Israel) Kawasaki Kasei Chemicals Ltd. (Japan) Linyi Lixing Chemical Co. Ltd (China) Bioamber Natureworks LLC R-Biopharm AG Reverdia (The Netherlands) Thyssenkrupp Succinity Myriant Technologies LLC (US) Thirumalai Chemicals Limited Yantai Shanshui Chemical Technology Co. Ltd. Shandong Chemical Co. Ltd. Spectrum Chemical Mfg. Corp. DC Chemical Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/zr9qsc/global_succinic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005410/en/
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Related Topics:Adhesives and Sealants,Food Additive Chemicals
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 11/09/2018 11:16 AM/DISC: 11/09/2018 11:15 AM