Succinic Acid Market Growth Statistics,Size, SWOT Analysis, Forthcoming Developments, Upcoming Investments and Forecast 2018 - 2026

                                                                               
Succinic acid is a dicarboxylic acid with the general formula (CH2)2(CO2H2)2 and the general chemical formula (CH2)2(CO2H2)2.

             Succinic Acid Market



 Succinic acid is a dicarboxylic acid with the general formula (CH2)2(CO2H2)2 and the general chemical formula (CH2)2(CO2H2)2. Succinic acid exists in the human body as an anion known as succinate, which serves a variety of biological functions and serves as a metabolic intermediary. Succinic acid is a colourless, odourless, and water-soluble substance that can be made synthetically or naturally. Microbial fermentation of glucose from raw materials such as sugarcane, maize, tapioca, and wheat is a natural process for producing succinic acid. One of the most important raw materials utilised in the synthesis of succinic acid is n-butane.

The most promising markets for plastic additives makers are predicted to be Asia Pacific and North America. Over the forecast period, Asia Pacific is expected to increase at a comparatively high rate in terms of value. This is mostly due to the expected expansion of the pharmaceutical sector, particularly in developing countries like China and India. According to IBEF, the Indian pharmaceutical business will generate US$ 55 billion by 2026. Furthermore, the expanding medical tourism industry in India has bolstered the Succinic Acid Market in the region. The India Brand Equity Foundation (IBEF) is a Trust created by the Ministry of Commerce and Industry, Department of Commerce, in partnership with the Government of India, with the goal of promoting and raising international awareness of Indian-made goods.


Market Segmentation:

On the basis of product type
  • Petro based
  • Bio Based

On the basis of end use industry
  • De-icer Solutions
  • Polyurethanes
  • Resins, pigments & coatings
  • PBS/PBST
  • Pharmaceuticals
  • Food & Beverage
  • Personal Care
  • Plasticizers
  • Solvents & Lubricants

The growing use of succinic acid in the pharmaceutical industry is expected to boost the succinic acid market forward. In the pharmaceutical industry, succinic acid is utilised as a starting material for active pharmaceutical ingredients (APIs), a formulation additive, an insulinotropic agent (succinic acid monoethyl ester), and a crosslinking agent.

Some of the major companies operating in the global succinic acid market include Mitsubishi Chemical Holdings, Kawasaki Kasei Chemicals Ltd., BioAmber, Myriant , Reverdia (Netherlands), Succinity, Nippon Shokubai, , Linyi Lixing Chemical Co., Ltd, , Anhui Sunsing Chemicals, and Gadiv Petrochemical Industries Ltd.

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