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:1/19/2017)... TAMPA, Fla. (PRWEB) , ... January 19, 2017 ... ... dozens of faculty and staff members in 2017 who are passionate about making ... , Founded in 1994 and headquartered in Tampa, UMA, a nonprofit healthcare educational ...
(Date:1/19/2017)... ... January 19, 2017 , ... Sam & Associates Insurance ... commercial and residential clients in the California Bay Area, is launching a charity drive ... the region. , Heart disease is the primary killer of adult men and women ...
(Date:1/19/2017)... ... ... Tribble Insurance Agency, a family owned and operated firm offering asset protection ... to honor Chad Phillip Dermyer, a local police trooper who was shot and killed ... fellow officers were conducting routine stops of suspects when one of them, a violent ...
(Date:1/19/2017)... ... January 19, 2017 , ... St. Catherine’s Village announced that a limited ... a skilled nursing facility on the grounds of the St. Catherine’s Village campus in ... voted the best nursing home in Mississippi for the second year in a row ...
(Date:1/19/2017)... ... January 19, 2017 , ... Creative ... Create Real Impact contest from Impact Teen Drivers and California Casualty. Entries from ... , Educational grants totaling $15,000 will be awarded for the best peer-to-peer ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... , Marks E-QURE , s ... following similar agreements in Israel and Argentina ... 5 billion global market ... in medical devices for the treatment of advanced wound care, announced today it ... Colombia for the Company,s patented Bio-electrical Signal Therapy device ...
(Date:1/19/2017)... , Jan. 18, 2017   Synthetic ... clinical company developing therapeutics designed to preserve the ... patients, today confirmed plans to initiate a Phase ... modified-release reformulation of lovastatin lactone designed to reduce ... in the gut to treat the underlying ...
(Date:1/18/2017)... 18, 2017  EnteroMedics Inc. (NASDAQ: ... neuroblocking technology to treat obesity, metabolic diseases and ... an underwritten public offering of units for gross ... discounts and commissions and offering expenses payable by ... Class A Units, priced at a public offering ...
Breaking Medicine Technology: