Global Succinic Acid Industry

Global Succinic Acid Industry

  • April 2021 •
  • 262 pages •
  • Report ID: 5443613 •
  • Format: PDF
Abstract:
- Global Succinic Acid Market to Reach $200.2 Million by 2027
- Amid the COVID-19 crisis, the global market for Succinic Acid estimated at US$136.5 Million in the year 2020, is projected to reach a revised size of US$200.2 Million by 2027, growing at aCAGR of 5.6% over the period 2020-2027. Petro-based, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$128.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bio-based segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $37 Million, While China is Forecast to Grow at 8.7% CAGR
- The Succinic Acid market in the U.S. is estimated at US$37 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$42.2 Million by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

- Select Competitors (Total 22 Featured) -
  • Anhui Sunsing Chemicals Co. Ltd
  • Anqing He Xing Chemical Corporation Ltd.
  • BASF SE
  • BioAmber Inc.
  • Gadiv Petrochemical Industries Ltd.
  • Kawasaki Kasei Chemicals Ltd.
  • Linyi Lixing Chemical Co. Ltd.
  • Mitsui & Co. Ltd.
  • Nippon Shokubai Co.,
  • Reverdia Ltd.
  • Succinity GmbH