Global Succinic Acid Market 2015 Is Expected to Reach $912.91 Billion by 2022 with CAGR of 23.32%
The Global Succinic acid market is valued at $170.6 billion in 2014 and is expected to reach $912.91 billion by 2022 growing at a CAGR of 23.32%. Environmental sustainability, increasing use of succinic acid derivatives and bio-based succinic acid are driving the market growth. Whereas, factors such as high manufacturing cost and instability in raw material costs are inhibiting the market growth. However, the opportunities of the market include growing demand for bio-based biodegradable plastic and increasing need for green...
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