Bio-Succinic Acid Market Volume Is Expected to Reach $1.1 Billion, Globally, by 2020
Bio Succinic Acid Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1.1 billion by 2020, registering a CAGR of 45.6% during the period 2013-2020.Increase in demand of bio-based chemicals is the major driver for this market. In addition, rising crude oil prices, adoption in newer industrial applications namely, 1, 4-Butanediol (BDO), PBS, polyester polyols (polyurethane), and plasticizers will enable faster growth of the market.
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