Succinic Acid Market (Updated Version Available)

The multinational Succinic Acid market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Succinic acid, also called Butanedioic Acid, a dicarboxylic acid of molecular formula C4H6O4 that is widely distributed in almost all plant and animal tissues and that plays a significant role in intermediary metabolism. It is a colorless crystalline solid, soluble in water, with a melting point of 185–187° C (365–369° F).
Succinic acid is an important raw material used in PBS/PBST, resins, coatings & pigments, food & beverage, pharmaceuticals and polyester polyols etc. During all those fields, resins, coatings & pigments are the largest application.
Large-scale bio-based succinic acid was first produced in Cassano Spinola, Italy, operated by Reverdia, the joint venture between DSM and Roquette Freres. The facility, which uses a yeast-based fermentation process, has a 10,000 tonnes/year capacity producing a plant-based succinic acid marketed under the brand Biosuccinium™. From then on, most suppliers have started bio-based succinic acid production. Currently, global major bio-based succinic acid suppliers include BioAmber, GC Innovation America, Reverdia and Succinity GmbH.
Though bio-based succinic acid becomes a popular environmental product, there are still few petro-based succinic acid suppliers, such as Mitsubishi Chemical, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals and Jinbaoyu Technology.

In the global Succinic Acid market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In market segmentation by manufacturers, the report covers the following companies-
BioAmber
GC Innovation America
Reverdia
Succinity GmbH
Mitsubishi Chemical
Kawasaki Kasei Chemicals
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology

In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In market segmentation by types :
Bio-based
Petro-based

In market segmentation by applications :
Resins, Coatings & Pigments
PBS/PBST
Food & Beverage
Pharmaceuticals
Polyester Polyols
Other

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Succinic Acid market for the forecast period 2020 - 2025?
• What are the driving forces in the Succinic Acid market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Succinic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?