Navigation Links
Succinic Acid Market is Expected to Reach USD 836.2 Million by 2018: Transparency Market Research
Date:10/2/2013

Albany, New York (PRWEB) October 02, 2013

Transparency Market Research has released a market report titled "Succinic Acid Market for 1,4-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Solutions Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018." According to the report, global succinic acid market was valued at USD 240.3 million in 2011 and is expected to reach USD 836.2 million by 2018, growing at a CAGR of 19.4% from 2012 to 2018. Global succinic acid production is expected to cross 250 kilo tons by 2018.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/succinic-acid.html.

Increased demand for 1, 4 butanediol, plasticizers, polyurethane, and resins, coatings, dyes and inks has remained the major driving factor for this market. However, high prices of raw material and increasing environmental concerns are the major constraints for the market growth. Growing consumer demand for bio-based succinic acid and low production cost has positively impacted the growth of bio-based succinic acid resulting into strong investment in new projects. This is expected to result into increase in production capacity to fulfill the growing demand for succinic acid in near future. Emergence of bio-based succinic acid market is expected to offset impact of restraining factors such as environmental regulations, volatility in raw materials prices.

Resins, coatings, dyes and inks dominated the market and accounted for 20.8% of the total succinic acid consumption in 2011. With 13.0% share of total volume consumed in 2011, pharmaceutical industry was the second largest application segment for succinic acid. Succinic acid demand is primarily a function of growth in application industries such as paints & coatings, infrastructure, food, footwear, medical, cosmetics, and automotive. Bio-based succinic acid, which has significant potential as a platform chemical, particularly substituting maleic anhydride, is expected to provide huge market opportunity for the players in the market, with a number of companies already in pilot and demo-scale projects for bio-succinic acid production.

Europe dominated the global succinic acid market with a share of 33.6% in 2011 followed by North America and Asia-Pacific which together accounted for 58.8% of the total market. Asia Pacific is estimated to be the fastest growing market for succinic acid due to the rising demand from the most emerging economies such as China, India and Japan. Rapid growth of downstream industries in these countries is expected to drive succinic acid demand in Asia-Pacific.

High production costs associated with petroleum based succinic acid is a key challenge for industry participants leading to enhanced focus on the development and commercialization of bio-based succinic acid. However, with the advent of bio-derived succinic acid, the cost of production is expected to decline which is expected to further fuel the demand for succinic acid globally. Bio-based succinic acid is gaining popularity due to high degree of government intervention to reduce industrial waste and air pollutants.

Related Report:
Synthetic And Bio-Based Adipic Acid Market : http://www.transparencymarketresearch.com/synthetic-and-bio-based-adipic-acid.html

This report caters to the extensive study of the global succinic acid market. It covers the demand for succinic acid in various regions that are broadly categorized as North America, Europe, Asia Pacific and Rest of the World (RoW). The study delineates major factors which are driving and restraining the global demand for succinic acid and their impact over the forecast period. The study segmented the succinic acid market on the application level and also provides the forecast for each sub segment. The study covers forecast and estimates of global succinic acid demand in terms of revenues (USD Million) and volumes (Kilo Tons) from 2012 to 2018.

Browse Blog: http://energy-market-reports.blogspot.com/

Browse all Market Research reports: http://www.transparencymarketresearch.com

Read the full story at http://www.prweb.com/releases/2013/10/prweb11183060.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Global Succinic Acid Market (Polyurethanes, Plasticizers, De-Icer Solutions) Worth $496.0 Million by 2016 - New Report by MarketsandMarkets
2. Global Succinic Acid Market By (Applications & Geography) worth $496.0 Million by 2016 - New Report by MarketsandMarkets
3. Business Intelligence Market By (Technology, Geographic & Vertical) Worth $20.81 Billion by 2018 – New Report by Marketsandmarkets
4. Smart Solar Market by (Components, Solutions & Regions) Worth $15.34 Million by 2018 – New Report by Marketsandmarkets
5. Advances in the Obesity Market 2013 Research Now Available at MarketReportsOnline.com
6. Patient Monitoring Systems Market (Equipments & Systems) worth $18.9 Billion by 2016 – New Report by MarketsandMarkets
7. IMPACT Marketing Celebrates 25 Years in Business
8. DirectMail.com Expands Data Solutions and Assets in Response to Healthcare Market Demands
9. Social Media, Internet of Things and the Future of Public Health: Worldwide Industry Latest Market Share, Growth, Size, Trends, Strategy and Forecast Research Report
10. Multiple Myeloma Therapeutics Future Discussed in In-demand MP Advisors Report Published at MarketPublishers.com
11. MarketPublishers.com Added New Report on Lutein (CAS 127-40-2) Market to Its Catalogue
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... People across ... in Genome magazine’s Code Talker Award, an essay contest in which patients and their ... award to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual ...
(Date:6/24/2016)... NY (PRWEB) , ... June 24, 2016 , ... ... Haute Living, is proud to recognize Dr. Barry M. Weintraub as a prominent ... “the most beautiful women in the world, and the most handsome men, look ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... feeding the Frederick area economy by obtaining investment capital for emerging technology companies. ... 2½ years that have already resulted in more than a million dollars of ...
(Date:6/24/2016)... D.C. (PRWEB) , ... June 24, 2016 , ... ... Heroes Golf Classic Tournament held on June 20th at the Woodmont Country Club ... charity, Luke’s Wings, an organization dedicated to helping service members that have been wounded ...
(Date:6/24/2016)... ... June 24, 2016 , ... Advanced Plastic Surgery Institute ( ... as its official Medspa Sponsor. Dr. Josh Olson, a board-certified plastic surgeon, owns ... Dr. Olson says the decision to support the pageant in an official capacity ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... , June 27, 2016  VMS Rehab Systems, ... Board will take whatever measures required to build a ... stock which is currently listed on the OTC Markets-pink ... Company Chairman and CEO, "We are seeing an anomaly ... to understand, not only by the Company, but shareholders ...
(Date:6/24/2016)... N.J. , June 24, 2016  Collagen ... the design, development and manufacturing of collagen and ... regeneration announced today that Bill Messer ... and Marketing to further leverage the growing portfolio ... medical devices. Bill joins the Collagen ...
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... and Markets has announced the addition of the ... their offering. ... products and provides an updated review, including its applications ... covering the total market, which includes three main industries: ...
Breaking Medicine Technology: