Succinic acid is a four-carbon dicarboxylic acid (butanedioic acid or amber acid, C4H6O4). Industrially, succinic acid is presently introduced petrochemically from maleic acid and is thus rely on petroleum. Succinic acid can be introduced by fermentation as it is a midway of the tricarboxylic acid cycle (TCA, citrate cycle) and one of the finish products of anaerobic metabolism. Succinic acid proposes the great prospective as a platform chemical in the application field of bio-based plastics, solvents, plasticizers, adhesives, and resins.
According to the report analysis, ‘Global Succinic Acid (CAS 110-15-6) Market, 2021-2027’ states that 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.), and Tianjin Bohua Zhonghe Chemical Co., Ltd. are the key corporates which recently functioning in the global succini acid (CAS 110-15-6) market more significantly for leading the highest market growth and registering the great value of market share around the globe during the review duration while increase the applications and benefits of such, establishing the several research and development programs, delivering the better consumer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and expansion strategies, spreading the awareness connected to the benefits and applications of such, improving the qualitative and quantitative measures of such, employing the young and active personnel, and analysing the strategies and policies of government as well as similar corporates.
In addition, the effective augment in requirement from the industrial, personal care and food & beverage industries propels the succinic acid market. The growing demand from the APAC economy, and the growing implementation of succinic acid as a substitute of adipic acid in polyurethane production are the aspects propelling the succinic acid market.
The requirement for succinic acid is propelled by its usage for applications in the industrial applications. Succinic acid is utilized in PBS/PBST for food packaging, as these are non-toxic, biodegradable, and also have improved heat resistance and processability in assessment to other biopolymers. The foremost drivers for the succinic acid market are the growing disposable income, transforming consumer lifestyle, augmented use of plastics, and the increasing packaging industry. Such factors have fostered the requirement for non-toxic, bio-degradable PET bottles, food containers, disposable syringes, blood bags, and several other consumer goods in regions such as China, India, Japan, US, and Germany that have led to the growth of the succinic acid market in the PBS/PBST segment.
Nonetheless, significant growth in construction and infrastructure in underdeveloped economies of Asia Pacific are predicted to trigger requirement for resin, coating, and polyurethanes, which in turn is projected to propel industry growth. Therefore, in the near years, it is predicted that the global succinic acid will increase around the globe more effectively over the near future.
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Global Succinic Acid (CAS 110-15-6) Market Industry Outlook
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