Succinic Acid Market Growth Tactics, Regional Analysis 2030


Reports and Data has recently published a novel research report on global Succinic Acid Market covering current market scenario and market developments between 2021 and 2030.

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Reports and Data has recently published a novel research report on global Succinic Acid Market covering current market scenario and market developments between 2021 and 2030. The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.

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Further key findings from the report suggest

  • There is a significant growth in the pharmaceutical application shows a steady growth of 6% to 7% by 2025
  • The succinic acid market is growing at a CAGR of 0% in Asia Pacific followed by North America and Europe, with 6.7 % and 7.3% CAGR, respectively. High Succinic acid prevalence across the globe is the key factor to accelerate the market growth during forecast period across all regions.
  • BioAmber Inc.had launched BIO-SA pharmaceutical-grade bio-based succinic acid, which is manufactured under the US Food and Drug Administration (FDA) good manufacturing practices (GMP) applicable to food and excipients. 
  • Petro based segment of succinic acid is the largest among the market with a high market share of 58.8% and expected to grow more up to 2028.
  • Europe is the top revenue-generating market for succinic acid, which is mainly due to the strict regulations on the use of certain hazardous chemicals that pose a threat to the environment and human beings.
  • The higher cost of crude oil, an increase in investments for green chemicals, demand for renewable chemicals, and an increase in government support will further drive the growth of the market.
  • The higher price of bio-based succinic acid and lengthy extraction process are some of the restraints for the growth of the succinic acid market.
  • Some of the key players driving the demand such as GC Innovation America, Succinity GmbH, Reverdia, Nippon Shokubai, Shandong Lixing Chemical, Kawasaki Kasei Chemicals, Anqing Hexing Chemical, and Anhui Sunsing. 

To know more about the report: https://www.reportsanddata.com/report-detail/succinic-acid-market

Market Segmentation:

By Type (Revenue in USD Million; Volume in Kilo Tons, 2019–2030)

  • Petro-Based
  • Bio-Based

By Application (Revenue in USD Million; Volume in Kilo Tons, 2019–2030)

  • Industrial
  • Coatings
  • Food Beverage
  • Pharmaceutical
  • Others

Regional Outlook:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • Italy
    • France
    • BENELUX
  • Rest of Europe
    • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

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Key questions covered in the global Succinic Acid Market report:

  • What is the expected market size of the global Succinic Acid Market during the forecast period?
  • What factors are expected to hamper global Succinic Acid Market growth over the forecast period?
  • What key factors are expected to drive global revenue growth between 2021 and 2028?
  • Which application segment is expected to dominate other application segments over the forecast period?
  • Which region is expected to dominate in terms of revenue during the forecast period?
  • What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
  • Which leading players are operating in the global Succinic Acid Market?

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