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Global Succinic Acid Market | Forecasts 2014-2020

Global Succinic Acid Market Presentations- Global Trends, Challenges, Opportunities & Forecasts 2014 - 2020 more Details Visit: http://www.occamsresearch.com/Chemicals/Organic-Chemicals

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Global Succinic Acid Market | Forecasts 2014-2020

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  1. Global Succinic Acid Market Forecast 2014 – 2020 Occams Business Research & Consulting

  2. Table of contents • Introduction • Succinic Acid market Segmentation • By application • By Raw material • By Geography • Production process and associated market overview • Diacid market (sector Analysis) • Market Determinants • Drivers • Restraints • Challenges • Opportunities • Market share Analysis • Key Strategies of Market Leaders • Geography Analysis • Market Estimation • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  3. INTRODUCTION Succinic acid, which is also known as spirit of amber, produced naturally or artificially as a product of cellular metabolism. It is processed in the industries and offered to the market for various applications such as personal care, food and beverages, plasticizers, polymers, resins, medical drugs and so on. The products are considered to be utilitarian in nature. It is estimated that the global Succinic acid market will hit $1.28 billion market in the year 2020 with 711 kilo tones of production. • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  4. Succinic Acid Market Segmentation Sector analysis to enable holistic analysis of Diacid Acid market. Diacid Market Succinic Acid Market Exhaustive segmentation & estimations. Applications BDO Plasticizer PBS Solvent and lubricant Polyols Other industrial Pharma Food Raw Material Petroleum based Bio-Based GeographyNorth America -USA -Canada Europe -UK -Spain -Germany -Italy -France APAC -China -Japan -India -Thailand Source: OBRC Analysis • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  5. Production process and associated market • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  6. BDO is the largest and fastest growing segment of Succinic acid market Over65% of succinic acid is used for industrial applications • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  7. BDO is the largest and fastest growing segment of Succinic acid market Industrial application of succinic acid-2013 Over65% of succinic acid is used for industrial applications • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  8. Market Determinants – Drivers Government Policies giving rise to Bio-Succinic acid market Government regulations have been supporting the application of green chemicals. The U.S. Government encourages the chemical society to use green chemicals engineering principles to develop natural applications for chemicals. Renewable and availability of raw materials The bio succinic acid is a natural product, it is renewable and biodegradable. The availability of succinic acid is copious and very common compared to other natural products. Fluctuating oil price is driving the bio-succinic acid market • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  9. Market Determinants – Restraints High Price of Bio based Succinic Acid The bio based succinic acid is comparatively costlier than the petrochemicals available in the market. The processing cost is much more than the petrochemicals. Competitive Market (Availability of close alternatives) close alternatives are available in market such as maleic anhydride. • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  10. Market Determinants – Opportunities Varied Application Food and Beverages Succinic acid is used as an acidity regulator, flavoring agent, in dry gelatine desserts and for preserving chicken and dog food in the food and beverages industry. Pharmaceuticals Succinic acid is used in the preparation of anti inflammatory- erthyrodiol derivatives. It acts as an antidote for toxic substances. It participates in the preparation of Vitamin-A. It is used in the medicines that induce sleepiness. It is used in the medicines of contraception, cancer and so on.  Go Green Initiative  Substitute to key chemicals Pthalic Anhydride Maleic anhydride Adipic Acid • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  11. Market Share & Key Company Analysis Source: OBRC Analysis • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  12. Key company Analysis Key players such as BioAmber/Mitsui, Myraint, succinity and reverdia are expanding their production. BioAmber is the market leader in the succinic acid market in 2014 and expected to remain the leader in the year 2020. In current market more than 60% share is covered by two companies which are BioAmber and Myriant. New biobased product and cost efficient production process are driving the market. • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  13. Geographic Analysis……1 Succinic acid market by geography Source: OBRC Analysis • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  14. Increase in Awareness Levels Will Enable Quick Growth in Opportunity Markets • Europe is the largest consumer market for Succinic acid – High demand and environmental awareness driving the market in the region however the production cost of Succinic acid is high due to raw material price • APAC is fastest growing region for Succinic Acid market- Raw material cost and mass population is driving the market in the region. Low Awareness and price sensitive consumer are biggest restraint of Asian Market. • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  15. Market Estimation – Sample Tables Global Succinic acid Market by Applications Global Succinic Acid Market by Geographies • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  16. Market Estimation contd… Global Succinic acid Market by Applications • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis

  17. Market Estimation contd… • BDO is largest segment of succinic acid market • BDO is the fastest growing segment in all geography with over 35% CAGR from the year 2014 to 2020. • For More Information Please Click - Global Succinic Acid and Bio-Succinic acid Market- Applications (Food & Beverages, Packaging, Butanediol, PolybutyleneSuccinate, Opportunity Analysis, Market Forecast and Winning Strategies, Size, Share, Demand, Geography, Trends 2014-2020 • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

  18. Contact: Mr. Rahul Sharma Occams Business Research & Consulting 1C-603, VersovaTrishul CHS Ltd. Andheri WestMumbai 400 061, India Phone:  (+91 98 505 53315 Email: sales@occamsresearch.com Upcoming Reports • Global Petrochemicals & Polymers Market Size, Share, Growth, Trends And Forecast 2014 – 2020 • Global Polyurethane Market, Size, Share, Growth, Trends and Forecast 2014 – 2020 • Global Polylactic Acid Market Applications (Packaging, Agriculture, Automobile, Construction, Electronics)-Products, Biodegradable Polymers, PLA Compostable, Global Industry Size, Growth, Trends, Strategy Forecast, 2014-2020 • Global Bio-based Polyethylene Terephthalate (PET) Market 2014-2020 • OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.

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