Los Angeles, CA -- (SBWire) -- 04/12/2019 --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 was 120 million US$ in 2018 and is expected to 200 million US$ by the end of 2025, growing at a CAGR of 6.7% between 2019 and 2025.

This report studies the Succinic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Succinic Acid in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

BioAmber

GC Innovation America

Reverdia

Succinity GmbH

Mitsubishi Chemical

Kawasaki Kasei Chemicals

Nippon Shokubai

Feiyang Chemical

Sunsing Chemicals

Jinbaoyu Technology

By the product type, the market is primarily split into

Bio-based

Petro-based

By the end users/application, this report covers the following segments

Resins, Coatings & Pigments

PBS/PBST

Food & Beverage

Pharmaceuticals

Polyester Polyols
Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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