Succinic acid is an important intermediate chemical that finds application in the production of a variety of specialty and commodity chemicals which are further utilized for an extensive array of applications, such as polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates and cosmetics among others.
Earlier succinic acid was exclusively derived from petroleum but with the advancement of the current manufacturing procedures, renewable feedstock has been utilized for deriving this vital platform chemical. This biological method of obtaining succinic acid is renewable, cost effective and eco-friendly and has a greater demand in the market.
The market is segmented based on geography as Germany, France, Italy, U.K., and Spain. The entire continent of Europe has stringent regulations on the use of non-renewable sources and thus, strongly encourages the use of renewable sources that are environment-friendly which increases the demand for bio-based succinic acid further. Germany remains the largest, as well as the fastest growing market for bio-based succinic acid in Europe, followed by France and the United Kingdom.
Market Dynamics of the Bio-based Succinic Acid Market:
Greater requirement for sustainable processes
Growing concerns over the environment conservation and also
Slashing down of reliability on depleting fossil fuel reserves
Stringent rules levied in the European nations to protect fossil fuels
Wide range of applications
Higher price of bio-based succinic acid
Lengthy extraction process
Fusing succinic acid with 1,4-butanediol results in opening up of innovative applications for green biopolymers such as polybutylene succinate (PBS) in biodegradable packaging films and disposable cutlery. The market is also segmented based on applications as 1,4-butanediol & derivatives, cosmetics, de-icer solutions, food, pharmaceuticals, plasticizers, polyurethanes, resins, coatings, pigments, dyes & inks, solvents & lubricants and others.
Major Companies in the Sector Include:
- Anqing Hexing Chemicals Ltd,
- Bio Amber Inc.,
- DSM NV,
- Myraint Corp.
Analysis for the European bio-based succinic acid market, with region specific assessments and competition analysis on a European and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a European and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the European bio-based succinic acid market on both European and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Report Outline
2. Executive Summary
3. Market Overview
3.1 Current Market Scenario
3.2 Factors Driving the Bio-Based Succinic Acid Market
3.2.1 Applications for Succinic Acid Derivatives Increasing
3.2.2 Environmental Sustainability
3.2.3 Chinese Demand for Bio-Based Succinic Acid Fostering Growth
3.2.4 Bio-Based Succinic Acids Growing in Popularity
3.3 Restraints in the Construction Chemicals Market
3.3.1 Manufacturing Cost a Major Impediment
3.3.2 Volatility in Prices of Raw Materials
3.3.3 Early Stage Market for Renewable Chemicals
3.4 Opportunities for the Construction Chemicals Market
3.4.1 Requirement for Renewable Substitutes on the Growth Track
3.4.2 Bio-Based Succinic Acid as Replacement for Butane-Based Maleic Anhydride
3.4.3 Bio-Based Biodegradable Plastics Market Growing Rapidly
3.5 Porters Five Forces
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Consumers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products and Services
3.5.5 Intensity of Competitive Rivalry
3.6 Industry Value Chain Analysis
4. Market Segmentation
4.1 By Application
4.1.1 1,4-Butanediol & Derivatives
4.1.3 De-Icer Solutions
4.1.8 Resins, Coatings, Pigments, Dyes & Inks
4.1.9 Solvents & Lubricants
4.1.10 Other Applications
5. European Market Analysis
5.3 United Kingdom
6. Competitor Analysis
6.1 Market Shares of Leading Global Players
6.2 Strategies Adopted by Leading Global Players
7. Company Profiles
7.1 Anqing Hexing Chemical Co Ltd
7.3 BioAmber Inc
7.4 DSM NV
7.5 Gadiv P Industries Ltd
7.6 Kawasaki Kasei Chemicals Ltd
7.7 Lixing Chemical
7.8 Mitsubishi Chemical Corp
7.9 Mitsui & Co Ltd
7.10 Myriant Corp
7.11 Nippon Shokubai Co Ltd
7.12 PTT Global Public Co Ltd
7.15 Roquette FrÃ¨res SA