Global Bio Succinic Acid Market Size, Share, Growth, Trends, Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Global Bio Succinic Acid Market Size, Share, Application

Analysis, 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.

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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 expected to have a

positive effect on the application...