Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

Succinic Acid: A Global Strategic Business Report

Global succinic acid market: Volume sales of 104.3 thousand tonnes forecast by 2018

The global succinic acid market is forecast to grow to volume sales of around 104.3 thousand tonnes by the end of 2018. This industry is expected to be driven by increasing applications in high-value, high-volume chemicals and growing popularity of bio-based Succinic Acid.

Succinic acid is a key building block for a wide range of secondary chemicals used in chemical, pharmaceutical, food, and agricultural industries. Produced primarily from petroleum feedstock, production costs for succinic acid is high given the volatile and high prices of oil. Fermentation process is emerging as a replacement for fossil fuel-based production of succinic acid owing to its ability to reduce greenhouse gas emissions by up to 50%. Renewable or bio-based succinic acid finds use in the manufacture of butanediol (BDO), which acts as an intermediate in the manufacture of polytetramethylene ether glycol (PTMEG), polybutylene terephthalate (PBT), and tetrahydrofuran (THF).

Bio-succinic acid holds huge potential as a platform chemical and is likely to replace butane-based maleic anhydride, which is widely used in the manufacture of other chemicals such as succinic anhydride, fumaric acid, diethylmaleate, and glyoxylic acid. Increasing need for green chemicals as substitutes for chemicals that are presently in use for producing polymers and other complex derivatives is driving demand for bio-succinic acid. Efforts to expand capacity of bio-succinic acid and its favorable impact on the environment are expected to foster market growth.

Europe represents the largest market worldwide. Adoption of stringent energy policies and continuous advancements in technology are driving focus on bio-chemicals including bio-succinic acid, derived from renewable feedstocks. Asia-Pacific is forecast to emerge as the fastest growing regional market with growth driven by robust demand in emerging markets such as China and India.

By end-use, BDO presents the maximum growth opportunities for succinic acid, and is likely to grow driven by its increasing use as a replacement for maleic anhydride. BDO finds use in a variety of applications including manufacture of Lycra fibres, engineering plastics and solvents. Demand for succinic acid in PBS, PBST category will be driven by surging demand from packaging applications, particularly for bio-degradable and bio-based products. Polyurethanes segment is likely to witness increasing substitution of adipic acid by succinic acid.

Change Currency

GBP
USD

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

December Discounted Prices: Contact us to ask about our special discounts available in December

For the last month in 2014 we are offering discounted prices on a selection of new reports. Please contact us on 00 44 (0) 203 0868600 or via email (click here to email) to ask about prices and special discounts.

Available during December and the run-up to Christmas; Discounted prices on a selection of our reports.

Find all the research at the best prices. Great promotions being offered during December!

We are offering our clients substantial savings on the best research available during December. Please contact us either via emailor by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600. We look forward to being able to find you the research you require at good prices.

Accessibility
Close

Contrast settings

Text size settings