Global Bio-Based Succinic Acid Market Anticipated to Gain Tremendous Growth of 20% in CAGR Until the End of 2026
Succinic acid one of the most important industrial chemical which is derived from petroleum feedstock. They are utilized in several areas, from high-value niche applications, such as food, beverages and pharmaceuticals, to large-volume applications. However, use of petroleum-based succinic acid witnessed hindrances on the back of its carbon footprints and price volatility, which in turn led to the development of bio-based succinic acid. Bio-succinic acid is chemically equivalent to conventionally produced succinic acid and is appropriate for the same applications....
View full press release