Global Succinic Acid Market 2017-2021

About Succinic Acid

Succinic acid is also known as butanedioic acid, 1,2-ethanedicarboxylic acid, and amber acid. Succinic acid is conventionally manufactured by the catalytic hydrogenation of maleic anhydride. It can also be manufactured using either petroleum feedstock or bio-based feedstock. The diminishing supplies of oil and gas have forced manufacturers to look for alternative sources of manufacturing succinic acid. The bio-based method is the way toward manufacturing using sustainable and renewable resources.

Technavio’s analysts forecast the global succinic acid market to grow at a CAGR of 27.32% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global succinic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW

Technavio's report, Global Succinic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• BioAmber
• KAWASAKI KASEI CHEMICALS
• Myriant
• Reverdia
• Succinity

Other prominent vendors
• Anhui Sunsing Chemicals
• Anqing Hexing Chemical
• Gadiv Petrochemical Industries
• New Japan Chemical
• Nippon Shokubai
• Shandong Yuhuang Chemical
• Thirumalai Chemicals

Market driver
• Increasing environmental concerns
• For a full, detailed list, view our report

Market challenge
• Volatile prices of raw materials
• For a full, detailed list, view our report

Market trend
• Rising demand for polybutylene succinate
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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