Succinic acid finds wide application as an intermediate in sectors such as industrial, food, cosmetics, and pharmaceuticals. Succinic acid derived from livestock shows larger amount of carbon footprint.
Portland, Oregon (PRWEB UK) 21 May 2014
Research Beam publishes a report titled "Bio-succinic Acid Market - Size, Share, Trends, Opportunities, Global Demand, Insights, Analysis, Research, Report, Company Profiles, Segmentation and Forecast, 2013 - 2020".
To get full report visit at http://www.researchbeam.com/bio-succinic-acid-market.
The report expects global bio-succinic market to reach $1.1 billion by 2020. Further, in terms of volume, it is expected to grow with a CAGR of 45.6%. One major factor that is working positively for the growth of Bio-succinic acid market is the propelled demand for bio-based chemicals. Further, factors such as rising crude oil prices, adoption in newer industrial applications, namely 1,4-Butanediol (BDO), PBS, polyester polyols (polyurethane), and plasticizers would also boost the market growth.
Succinic acid finds wide application as an intermediate in sectors such as industrial, food, cosmetics, and pharmaceuticals. Succinic acid derived from livestock shows larger amount of carbon footprint. However, procuring succinic acid from livestock would efficiently address the concern of carbon footprint.
"The potential for bio-succinic acid market is in the replacement of existing succinic acid and adoption in newer industrial application areas, namely, 1,4-butanediol (BDO), PBS, polyesterpolyols (polyurethane), alkyd resins and plasticizers. These factors together will provide faster growth thrust to the market" states Allied Market Research analyst Sarah Clark. "Presently, price of bio-succinic acid may hinder market growth as it costs higher than petroleum based succinic acid. However, mass production and improvement in production techniques will quickly address the cost viability issue of the bio-succinic acid market" adds Ms. Clark. Moreover, lower volatility of feedstock prices will add to its stable adoption in various application segments.
Browse similar market research reports:
Global paperboard market http://www.researchbeam.com/paperboard-market
Global Construction Paints and Coatings Market http://www.researchbeam.com/construction-paints-coatings-market
Global Polyhydroxyalkanoate (PHA) Market http://www.researchbeam.com/polyhydroxyalkanoate-market
Global Surfactant Market http://www.researchbeam.com/surfactant-market
At present, Bio-succinic acid finds application in sectors such as pharmaceuticals, cosmetics and food. However, the report states that BDO would remain the highest application segment of bio-succinic acid market in terms of both volume and revenue. This is largely due to use of BDO as an intermediate chemical for THF (tetrahydrofuran), PBT (polybutylene terephtalate), and polyurethanes.
Due to stringent policies and laws, report forecasts Europe to be the maximum revenue generator during the forecast period. Asia Pacific is projected to have a CAGR of 49.5% during the estimated period.
The report gives complete view on major firms that dominate the market. They are listed below:
Mitsui & Co
About Us: We have a large database of quality and precise market research reports that will be very beneficial for your organization. Reports that we sell our authentic in nature and from reputed publishers, hence it can definitely help you with your growth opportunities.
In order to survive the fierce competition and locate different avenues, one must be privy to high end and quality market information. So, we try and provide you with latest market information by getting high market research reports from our clients.
We have business relations with numerous clients of different verticals. Hence, we bring to you market research reports of various fields and carter to number of organizations. This is the spot on place for all your market research needs.
We are home to a very proactive and energetic team who strives to solve user queries as soon as possible. They will also help you to know about latest market trends and practices.
Research Beam will always make sure to bring most ethical and high quality reports. We value your relationship with us and look forward for a long term relation.
Contact Us: Contact:
5320 SW Macadam Avenue,
Suite 100, Portland, OR 97239
Toll Free: +1(855)711-1555 (U.S. & Canada)
web site: http://www.researchbeam.com