Succinic Acid: A Global Strategic Business Report
San Jose, California (PRWEB) September 20, 2013
Follow us on LinkedIn - Succinic acid is a key building block for a wide range of secondary chemicals used in chemical, pharmaceutical, food, and agricultural industries. Produced primarily from petroleum feedstock, production costs for succinic acid is high given the volatile and high prices of oil. Fermentation process is emerging as a replacement for fossil fuel-based production of succinic acid owing to its ability to reduce greenhouse gas emissions by up to 50%. Renewable or bio-based succinic acid finds use in the manufacture of butanediol (BDO), which acts as an intermediate in the manufacture of polytetramethylene ether glycol (PTMEG), polybutylene terephthalate (PBT), and tetrahydrofuran (THF). Bio-succinic acid holds huge potential as a platform chemical and is likely to replace butane-based maleic anhydride, which is widely used in the manufacture of other chemicals such as succinic anhydride, fumaric acid, diethylmaleate, and glyoxylic acid. Increasing need for green chemicals as substitutes for chemicals that are presently in use for producing polymers and other complex derivatives is driving demand for bio-succinic acid. Efforts to expand capacity of bio-succinic acid and its favorable impact on the environment are expected to foster market growth.
As stated by the new market research report on Succinic Acid, Europe represents the largest market worldwide. Adoption of stringent energy policies and continuous advancements in technology are driving focus on bio-chemicals including bio-succinic acid, derived from renewable feedstocks. Asia-Pacific is forecast to emerge as the fastest growing regional market with growth driven by robust demand in emerging markets such as China and India. By end-use, BDO presents the maximum growth opportunities for succinic acid, and is likely to grow driven by its increasing use as a replacement for maleic anhydride. BDO finds use in a variety of applications including manufacture of Lycra fibres, engineering plastics and solvents. Demand for succinic acid in PBS, PBST category will be driven by surging demand from packaging applications, particularly for bio-degradable and bio-based products. Polyurethanes segment is likely to witness increasing substitution of adipic acid by succinic acid.
Major players covered in the report include Anhui Sunsing Chemicals Co., Ltd, BASF SE, BioAmber S.A.S, Gadiv Petrochemical Industries Ltd., Mitsui & Co. Ltd., Myriant Technologies LLC, and Nippon Shokubai Co. Ltd among others.
The research report titled "Succinic Acid: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. End-use application markets analyzed include BDO, Food, Pharmaceuticals, PBS/PBST, Polyester Polyols, and Others.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Succinic_Acid_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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