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Transparency Market Research published new market report "Succinic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018". High production costs associated with petroleum based succinic acid is a key challenge for industry participants leading to enhanced focus on the development and commercialization of bio-based succinic acid. However, with the advent of bio-derived succinic acid, the cost of production is expected to decline which is expected to further fuel the demand for succinic acid globally.according to the report, global succinic acid market was valued at USD 240.3 million in 2011 and is expected to reach USD 836.2 million by 2018, growing at a CAGR of 19.4% from 2012 to 2018. Global succinic acid production is expected to cross 250 kilo tons by 2018.
Browse the report With Full TOC at http://www.transparencymarketresearch.com/succinic-acid.html