Rising need in various application segments including 1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for the product over the next seven years.
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Succinic Acid Market Share, Forecasts 2015 To 2022: Grand View Research, Inc.
1. Succinic Acid Market Size To Reach $237.8 Million By 2022
The global succinic acid market is expected to reach USD 237.8 million by 2022, according to a
new report by Grand View Research, Inc. Rising need in various application segments including
1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for
the product over the next seven years. Healthcare sector growth on account of rising health
awareness among consumers in emerging economies of Asia Pacific is expected to have a
positive impact on the industry over the forecast period.
Fluctuation of raw material prices, fuel, and energy costs are expected to hamper overall cost of
the product, which in turn is expected to challenge demand. In addition, major companies are
focusing on the manufacturing of the product through bio-based routes. This is expected to
restrain growth over the forecast period.
Growing political and regulatory pressures on chemical companies to reduce carbon emissions
coupled with growing concerns over depleting fossil fuel reserves have led to bio-based succinic
acid development, which will act as a drop in replacement for the product, thus restricting
growth.
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analysis/succinic-acid-market
2. North America succinic acid market volume by application, 2012-2022 (Kilo Tons)
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Succinic acid - Industry summary and key buying criteria, 2012 - 2022
Chapter 3. Succinic Acid Industry Outlook
3.1. Succinic acid market segmentation
3.2. Succinic acid market size and growth prospects, 2012 - 2022
3.3. Succinic acid market - Value chain analysis
3.3.1. Vendor landscape
3.4. Succinic acid market dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising demand for 1,4-butanediol
3.4.1.2. Growing demand for PBS in the packaging industry
3.4.2. Market restraint analysis
3.4.2.1. Increasing demand for bio-based products
3.4.2.2. Regulatory and environmental issues
3. 3.5. Key market opportunities – Succinic acid
3.6. Succinic acid - Porter’s analysis
3.7. Succinic acid - PESTEL analysis
Chapter 4. Succinic Acid Application Outlook
4.1. Global succinic acid market share by application, 2014 & 2022
4.2. 1,4 butanediol
4.2.1. Market estimates and forecast, 2012-2022
4.2.2. Market estimates and forecast, by region, 2012-2022
4.3. Resins, Coatings, Dyes & Inks
4.3.1. Market estimates and forecast, 2012-2022
4.3.2. Market estimates and forecast, by region, 2012-2022
4.4. Pharmaceuticals
4.4.1. Market estimates and forecast, 2012-2022
4.4.2. Market estimates and forecast, by region, 2012-2022
4.5. Polyurethanes
4.5.1. Market estimates and forecast, 2012-2022
4.5.2. Market estimates and forecast, by region, 2012-2022
4.6. Food
4.6.1. Market estimates and forecast, 2012-2022
4.6.2. Market estimates and forecast, by region, 2012-2022
4.7. Plasticizers
4.7.1. Market estimates and forecast, 2012-2022
4.7.2. Market estimates and forecast, by region, 2012-2022
4.8. Cosmetics
4.8.1. Market estimates and forecast, 2012-2022
4.8.2. Market estimates and forecast, by region, 2012-2022
4.9. Solvents & Lubricants
4.9.1. Market estimates and forecast, 2012-2022
4.9.2. Market estimates and forecast, by region, 2012-2022
4.10. De-icing Solutions
4.10.1. Market estimates and forecast, 2012-2022
4.10.2. Market estimates and forecast, by region, 2012-2022
4.11. Others
4.11.1. Market estimates and forecast, 2012-2022
4.11.2. Market estimates and forecast, by region, 2012-2022
Chapter 5. Succinic Acid Regional Outlook
5.1. Global succinic acid market share by region, 2014 & 2022
5.2. North America
4. 5.2.1. Market estimates and forecast, 2012-2022
5.2.2. Market estimates and forecast, by application, 2012-2022
5.3. Europe
5.3.1. Market estimates and forecast, 2012-2022
5.3.2. Market estimates and forecast, by application, 2012-2022
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2012-2022
5.4.2. Market estimates and forecast, by application, 2012-2022
5.5. RoW
5.5.1. Market estimates and forecast, 2012-2022
5.5.2. Market estimates and forecast, by application, 2012-2022
Chapter 6. Companies analyzed
6.1. Anqing Hexing Chemical Co. Ltd.
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2. BASF SE
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3. Reverdia
6.3.1 Company Overview
6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4. BioAmber
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5. Gadiv Petrochemical Industries Ltd.
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6. Kawasaki Kasei Chemicals
5. 6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7. Myriant Corporation
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8. Showa Denko K.K.
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
6.8.4 Strategic Initiatives
6.9. Succinity GmbH
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10. Nippon Shokubai Co., Ltd.
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
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market
List of Tables
1. Succinic Acid – Industry Summary & Key Buying Criteria
2. Global succinic acid market estimates and forecast, 2012 – 2022, (Kilo Tons) (USD Million)
3. Global succinic acid market volume, by region, 2012-2022 (Kilo tons)
4. Global succinic acid market revenue, by region, 2012 – 2022 (USD Million)
5. Global succinic acid market volume, by application, 2012 – 2022 (Kilo tons)
6. Global succinic acid market revenue, by application, 2012 – 2022 (USD Million)
7. Succinic acid – Key market driver analysis
8. Succinic acid – Key market restraint analysis
6. 9. Global succinic acid demand for 1,4 BDO, 2012 - 2022 (Kilo Tons) (USD Million)
10. Global succinic acid demand for 1,4 BDO, by region, 2012 - 2022 (Kilo Tons)
11. Global succinic acid revenue for 1,4 BDO, by region, 2012 - 2022 (USD Million)
12. Global succinic acid demand for resins, coatings, dyes & inks, 2012 - 2022 (Kilo Tons)
(USD Million)
13. Global succinic acid demand for resins, coatings, dyes & inks, by region, 2012 - 2022 (Kilo
Tons)
14. Global succinic acid revenue for resins, coatings, dyes & inks, by region, 2012 - 2022 (USD
Million)
15. Global succinic acid demand for pharmaceuticals, 2012 - 2022 (Kilo Tons) (USD Million)
16. Global succinic acid demand for pharmaceuticals, by region, 2012 - 2022 (Kilo Tons)
17. Global succinic acid revenue for pharmaceuticals, by region, 2012 - 2022 (USD Million)
18. Global succinic acid demand for polyurethanes, 2012 - 2022 (Kilo Tons) (USD Million)
19. Global succinic acid demand for polyurethanes, by region, 2012 - 2022 (Kilo Tons)
20. Global succinic acid revenue for polyurethanes, by region, 2012 - 2022 (USD Million)
21. Global succinic acid demand for food, 2012 - 2022 (Kilo Tons) (USD Million)
22. Global succinic acid demand for food, by region, 2012 - 2022 (Kilo Tons)
23. Global succinic acid revenue for food, by region, 2012 - 2022 (USD Million)
24. Global succinic acid demand for plasticizers, 2012 - 2022 (Kilo Tons) (USD Million)
25. Global succinic acid demand for plasticizers, by region, 2012 - 2022 (Kilo Tons)
26. Global succinic acid revenue for plasticizers, by region, 2012 - 2022 (USD Million)
27. Global succinic acid demand for cosmetics, 2012 - 2022 (Kilo Tons) (USD Million)
28. Global succinic acid demand for cosmetics, by region, 2012 - 2022 (Kilo Tons)
29. Global succinic acid revenue for cosmetics, by region, 2012 - 2022 (USD Million)
30. Global succinic acid demand for solvents & lubricants, 2012 - 2022 (Kilo Tons) (USD
Million)
31. Global succinic acid demand for solvents & lubricants, by region, 2012 - 2022 (Kilo Tons)
32. Global succinic acid revenue for solvents & lubricants, by region, 2012 - 2022 (USD
Million)
33. Global succinic acid demand for de-icing solutions, 2012 - 2022 (Kilo Tons) (USD Million)
34. Global succinic acid demand for de-icing solutions, by region, 2012 - 2022 (Kilo Tons)
35. Global succinic acid revenue for de-icing solutions, by region, 2012 - 2022 (USD Million)
36. Global succinic acid demand for other applications, 2012 - 2022 (Kilo Tons) (USD Million)
37. Global succinic acid demand for other applications, by region, 2012 - 2022 (Kilo Tons)
38. Global succinic acid revenue for other applications, by region, 2012 - 2022 (USD Million)
39. North America succinic acid market demand, 2012 – 2022, (Kilo Tons) (USD Million)
40. North America succinic acid market demand, by application, 2012 - 2022 (Kilo Tons)
41. North America succinic acid market revenue, by application, 2012 - 2022 (USD Million)
42. Europe succinic acid market demand, 2012 – 2022, (Kilo Tons) (USD Million)
43. Europe succinic acid market demand, by application, 2012 - 2022 (Kilo Tons)
44. Europe succinic acid market revenue, by application, 2012 - 2022 (USD Million)
45. Asia Pacific succinic acid market demand, 2012 – 2022, (Kilo Tons) (USD Million)
46. Asia Pacific succinic acid market demand, by application, 2012 - 2022 (Kilo Tons)
7. 47. Asia Pacific succinic acid market revenue, by application, 2012 - 2022 (USD Million)
48. RoW succinic acid market demand, 2012 – 2022, (Kilo Tons) (USD Million)
49. RoW succinic acid market demand, by application, 2012 - 2022 (Kilo Tons)
50. RoW succinic acid market revenue, by application, 2012 - 2022 (USD Million)
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List of Figures
1. Succinic acid market segmentation
2. Global succinic acid market revenue, (Kilo Tons) (USD Million), 2012 - 2022
3. Succinic acid value chain analysis
4. Succinic acid market dynamics
5. Global Polyurethane Demand, 2012 – 2020 (Kilo Tons)
6. Global Footwear Market, 2012 – 2020 (USD Billion)
7. Global Packaging Market, 2012 – 2022 (USD Billion)
8. Key opportunities prioritized – Succinic Acid
9. Succinic acid - Porter’s analysis
10. Succinic acid - PESTEL analysis
11. Succinic acid market share by application, 2014 & 2022
12. Succinic acid market share by region, 2014 & 2022
Further key findings from the report suggest:
1,4 BDO is expected to be the fastest growing segment in terms of volume and revenue.
It is expected to grow at a CAGR of 12.0% from 2015 to 2022. Rising BDO consumption
in the manufacturing of tetrahydrofuran (THF), which is used as a solvent in
pharmaceutical sector, is expected to have a positive impact on the industry.
Resins, coatings, dyes, and inks were the largest application segment valued at USD 23.0
million in 2014. Aerospace and electronics sector development in Asia Pacific countries
including India and China is expected to promote demand.
Asia Pacific is expected to be the fastest growing market at a CAGR of above 10.5%
from 2015 to 2022. Lack of stringent regulations in the region is expected to be a key
driving factor for the market. Cosmetic industry growth in China, India, and Japan is
expected to further augment succinic acid demand over the forecast period.
8. Global industry is fragmented on account of presence of numerous companies; however,
most of these companies have switched to the production of succinic acid through the
bio-based route. They invest highly in R&D to introduce the bio-based form that exhibits
similar properties as that of the synthetic products. In October 2012, Reverdia and Helm
AG signed an agreement to sell and distribute bio-succinic acid in Europe.
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Grand View Research has segmented the global succinic acid market on the basis of application
and region:
Succinic Acid Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 -
2022)
1,4 BDO
Resins, Coatings, Dying, and Inks
Pharmaceuticals
Polyurethanes
Food
Plasticizers
Cosmetics
Solvent and Lubricants
De-icing Solutions
Others
Succinic Acid Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)
North America
Europe
Asia Pacific
RoW
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9. About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-
shelf, customized research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deep-
seated understanding of varied business environments, Grand View Research provides strategic
objective insights.
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