Los Angeles, CA -- (SBWire) -- 03/19/2019 --The growing manufacturing industries, increasing demand for bio-based succinic acid in Western Europe, increasing demand for polyurethane in North America, and continuous agreement/collaboration, joint venture, expansion, and merger & acquisition, activities undertaken by companies are the key factors driving the global succinic acid market.
Regionally, global major succinic acid consumption regions are Europe, North America, and Asia-Pacific. In 2017, Asia-Pacific is the largest consumption region with consumption of 23186 MT

During past five years, global succinic acid consumption had increased from 28495 ton in 2013 to 50276 ton in 2017, with a CAGR of 15.25%. In the future, we predict that global consumption will be 97099 ton by 2024.

The global Succinic Acid market is valued at 120 million US$ in 2018 is expected to reach 200 million US$ by the end of 2025, growing at a CAGR of 6.7% during 2019-2025.

This report focuses on Succinic Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Succinic Acid market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:

BioAmber

GC Innovation America

Reverdia

Succinity GmbH

Mitsubishi Chemical

Kawasaki Kasei Chemicals

Nippon Shokubai

Feiyang Chemical

Sunsing Chemicals

Jinbaoyu Technology

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Bio-based

Petro-based

Segment by Application

Resins, Coatings & Pigments

PBS/PBST

Food & Beverage

Pharmaceuticals

Polyester Polyols

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