< Key Hightlight >

The global Succinic Acid market was valued at 12.16 Million USD in 2020 and will grow with a CAGR of 6.68% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
The growing manufacturing industries, increasing demand for bio-based succinic acid in Western Europe, increasing demand for polyurethane in North America, and continuous agreement/collaboration, joint venture, expansion, and merger & acquisition, activities undertaken by companies are the key factors driving the global succinic acid market.Regionally, global major succinic acid consumption regions are Europe, North America, and Asia-Pacific. In 2017, Asia-Pacific is the largest consumption region with consumption of 23186 MT During past five years, global succinic acid consumption had increased from 28495 ton in 2013 to 50276 ton in 2017, with a CAGR of 15.25%. In the future, we predict that global consumption will be 97099 ton by 2024.
By Market Verdors:
BioAmber
GC Innovation America
Reverdia
Succinity GmbH
Mitsubishi Chemical
Kawasaki Kasei Chemicals
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology

By Types:
Bio-based
Petro-based

By Applications:
Resins, Coatings & Pigments
PBS/PBST
Food & Beverage
Pharmaceuticals
Polyester Polyols

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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