The global bio-succinic acid industry is expected to

Dublin, April 29, 2022 (GLOBE NEWSWIRE) — The “Global Bio-Succinic Acid Market (2021-2026) by Process Type, Application, End User, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

The Global Bio-Succinic Acid Market is estimated at USD 259.63 Million in 2021 and is projected to reach USD 548.14 Million by 2026, growing at a CAGR of 16.12%.

Market dynamics

Higher cost of crude oil, growing demand for renewable chemicals and increasing investment in green chemicals are the major factors driving the global bio succinic acid market. Growing environmental awareness and government support for biodegradable bio-based products are expected to augment the market growth. However, the high price of bio-succinic acid and lengthy extraction processes are hampering the market growth.

The increase in research and development between several companies to achieve an efficient production process is expected to create lucrative opportunities for the market.

Market segmentation

  • The global bio-succinic acid market is further segmented on the basis of process type, application, end user, and geography.
  • By process, the market is categorized as Ammonium Sulfate Process, Direct Crystallization Process, and Electrodialysis Process.
  • By application, the market is categorized as 1, 4 butanediol, plasticizers, polybutylene succinate, polyester polyols, solvents & coatings, and olymers & esters.
  • By end-user, the market is categorized as agriculture, chemical, food, personal care, and pharmaceutical.
  • Based on geography, the Americas are expected to dominate the market.

Company Profiles

Some of the companies covered in this report are BASF, Corbion, DSM, Kawasaki Kasei Chemicals, LCY Biotechnology, etc.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global Biosuccinic Acid Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.
  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.
  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary

4 market influencers
4.1 Drivers
4.1.1 Use as an intermediate in the industrial production of lubricants
4.1.2 Raising awareness of the benefits of using bio-based chemicals
4.2 Constraints
4.2.1 High capital intensity and marketing problems
4.2.2 Complicated extraction process
4.3 Opportunities
4.3.1 Robust research and development among multiple companies
4.3.2 Government Support for Regulation to Increase Awareness
4.4 Challenges
4.4.1 Reduced penetration to replace profitable petrochemicals

5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff matrix analysis

6 Global Succinic Acid Market, By Process Type
6.1 Presentation
6.2 Direct crystallization process
6.3 Electrodialysis process
6.4 Ammonium sulphate process

7 Global Succinic Acid Market, by Application
7.1 Presentation
7.2 Plasticizers
7.3 Polyester polyols
7.4 1.4 Butanediol
7.5 Polybutylene succinate
7.6 Solvents and coatings
7.7 Olymer and Esters

8 Global Organic Succinic Acid Market, By End User
8.1 Presentation
8.2 Chemical industry
8.3 Food and drink
8.4 Personal Care
8.5 Pharmaceutical
8.6 Agriculture

9 Global Biosuccinic Acid Market, By Geography

10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 Mergers and Acquisitions and Investments
10.3.2 Partnerships and collaborations
10.3.3 Product Developments and Improvements

11 company profiles
11.1 Anhui Sunsing Chemicals
11.2 BASF
11.3 Corbion
11.4 MDS
11.5 Kawasaki Kasei Chemicals
11.6 LCY Biotechnology
11.7 Linyi Lixing Chemical
11.8 Mitsubishi Chemicals
11.9 Myriant
11.10 Nippon Shokubai
11.11 Reverdia
11.12 Rocket
11.13 Shenyang Fada Biological Technology
11.14 Sigma–Aldrich

12 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/tyh4ee