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Category: Business and Industry
Date Submitted: 10/05/2015 12:30 AM
Hexa Research Inc.
Industry Research,Custom Research & Consulting
Global Bio Succinic Acid Market Size, Market Share,
Application Analysis, Regional Outlook, Growth, Trends,
Competitive Scenario And Forecasts, 2012 To 2020
Industry Insights
Conventionally, succinic acid was produced from petroleum raw material which was an expensive
process with hazardous emissions resulting in restricted usage in health care, home & personal care
industry. Hence, key market players including Succinity, BioAmber and Reverdia recently invested in
R&D to produce succinic acid from bio based raw materials.
These raw materials are cost effective and resulted in lowering succinic acid prices in the global market.
Favorable regulatory norms are expected to be the key driving force for bio succinic acid market over
the forecast period. It is used in food & beverages, personal care and chemical industry. Bio succinic acid
market witnessed strategic partnerships with leading chemical companies focusing on reducing overall
production costs.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/bio-succinic-acidindustry/
Hexa Research Inc.
Industry Research,Custom Research & Consulting
The major factor affecting the acid growth is the substitution of maleic anhydride which is costly and has
uncertain availability for manufacturing of 1,4 butanediol and derivatives including polybutylene
terephtalate, gamma-butryolactone and tetrahydrofuran. Cost effective production gives an upper hand
to bio succinic acid over MAN in production of BDO.
Application Insights
BDO was the leading application segment and accounted for over 30% in 2012. Other applications
include polyester polyols, plasticizers, PBS/PBST and alkyd resins. The acid is used in food and beverage
industry and pharmaceutical industry as an acid regulator. The market is expected to pose a threat to
conventional petrochemical products including MAN on the industrial level and is...