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Succinic Acid Market is Expected to Expand at an Impressive Rate by 2027

Succinic Acid Market is Expected to Expand at an Impressive Rate by 2027<br>

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Succinic Acid Market is Expected to Expand at an Impressive Rate by 2027

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  1. Succinic Acid Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Succinic acid is widely used in various industries such as pharmaceuticals, chemical, and food. Currently, major proportion of succinic acid is derived from petroleum feedstock. • A small amount of succinic acid is produced through the fermentation process. N-butane is one of the key raw materials used in the production of succinic acid. • High cost of production associated with the petroleum-based process is the major challenge facing the succinic acid market. • However, the cost of production is expected to decline with the advent of bio-derived succinic acid Global Succinic Acid Market: Overview View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. Rise in Demand for Plasticizers and Polyurethanes Drives Succinic Acid Market • Rise in demand for Polyurethanes on a global scale is expected to positively impact the demand for succinic acid in the near future. Elastomers, sealants, coatings, and adhesives are major applications driving the demand for polyurethanes. • Increase in demand for flexible and rigid Polyurethanes is a prominent factor boosting the demand for polyurethanes. • Increase in the demand for plasticizers is expected to propel the global demand for succinic acid. • Plasticizers are primarily employed as additives in the production of polyvinyl chloride (PVC). PVC is used in various industries. This is driving the plasticizers market. • Plasticizers are used for the production of PVC pipes, polyvinyl butyral (PVB), and other products due to its low viscosity and low volatility.

  5. Regulatory and Environmental Constraints Related to Succinic Acid May Hamper Overall Demand Succinic acid is used in various applications such as ester for perfumes and neutralizing agents. Thus, it is released into the environment through waste streams. The conventional production method of succinic acid is also susceptible to fluctuations caused by unpredictable regulatory and environmental constraints around the world. Enactment of stringent government regulations and environmental considerations to reduce greenhouse gasses has been adversely affecting the succinic acid market. ©2019 Transparency Market Research, All Rights Reserved

  6. Major players operating in the global succinic acid market are Anqing Hexing Chemical Co., Ltd. BASF SE Gadiv Petrochemical Industries Limited BioAmber DSM Mitsui & Co.Ltd. ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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