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SUCCINIC ACID
EDITION NUMBER: 9 PUBLISHED: JUNE 2019
Succinic Acid

GLOBAL SUCCINIC ACID MARKET TO 2025


Global Succinic Acid Market Outlook and Growth Frequency, Time Period
Opportunities to 2025: By Type (Petro Based Succinic Acid and - Base year Data for 2018
Bio Based Succinic Acid), By Application (Resins, Pigments, - Five Year Annual Forecast, 2019-
2025
Coatings, Dyes & Inks; Pharmaceutical; Food & Beverages; - Updated on Annual Basis
Cosmetics; Plasticizers; Polybutylene Succinate (PBS); 1,4
Butanediol (BDO); Polyurethanes; Solvents & Lubricants; and
Others) and By Region Metrics
- Revenues ($)
- Prices
The 9th edition of Succinic Acid market report focuses on Critical factors - Volumes
for success, market size and forecast growth rates, industry structure and
dynamics, key companies, products and functions and trends and strategic
issues. Availability

This report assists chemical professionals to: - Annual Subscription


- single report purchase
 Assess market-by-market conditions, competition and outlook
 Forecast demand and prioritize your marketing efforts
 Analyze the strategies of leading players and their product profile
 Stay ahead of competition through detailed company analysis
 Identify the critical success factors for sustainable profitability

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Succinic Acid

Market Scope and Definition

TYPE APPLICATION
Petro based Pharmaceutical
Bio based Food and Beverages
Cosmetics
Plasticizers
Polybutylene Succinate

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Succinic Acid

COMPANIES

Anhui Sunsing Chemicals


Anqing Hexing Chemical
Bio Amber
GC Innovation America
Gadiv Petrochemical Industries
Kawasaki Kasei Chemicals
Nippon Shokubai
Reverdia
Shandong Lixing Chemical
Succinity GmbH

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Succinic Acid

Market Overview

Global Succinic Acid Market is poised to report 7.57%year-on-year growth in 2019.Increasing usage of succinic acid
in the production of polyurethane as an alternative to adipic acid is driving the global succinic acid market.
Aggregate shift of chemical industry manufacturers towards bio based products is boosting the global succinic acid
market. Moreover, rising construction activities in emerging countries like China and India is anticipated to fuel the
succinic acid market growth in future.

Enhanced bio refining process and increasing popularity for bio based succinic acid products are the key
opportunities of global succinic acid market.
Succinic acid is a colourless, water soluble dicarboxylic acid that is manufactured naturally by fermentation of glucose
and synthetically from maleic anhydride. It is used extensively as a component in the manufacture of resins,
polyurethanes, plasticizers and polybutylene succinate (PBS). It is also used as precursor for the production of 1,4
butanediol (BDO).
Fluctuations in prices of raw materials is the key factor limiting the growth of global succinic acid market.
Environmental issues on usage of hazardous chemicals that are harmful to human beings is another factor restricting
the growth of market.High production cost and intense competition are the key factors challenging the succinic acid
companies operating in the industry.

Better efficiency and cost effective nature drives the petro based succinic acid product segment in global succinic
acid market:
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Succinic Acid

Petro based succinic acid market products are widely used type of products due to their cost effective and better
efficiency nature. Rising demand for polybutylene succinate and polyurethane from chemical industry also driving the
petro based succinic acid segment in the market. In food and beverage industry, this petro based products are used
as flavour enhancers in the production of food that propels the demand of these products in succinic acid market.
In addition to petro based succinic acid, the global succinic acid market is also segmented into biobased succinic acid.

Resins, pigments, coatings, dyes & inks is the major application segment in global succinic acid market:
Resins, pigments, coatings, dyes & inksis the largest segment based on application in global succinic acid market owing
to the improved infrastructure facilities and growing automotive industries. In some emerging economics like china,
India and others government is contributing more for improving infrastructure activities is expected to drive this
application segment during the forecast period.
Further, the global succinic acid market segmented into pharmaceutical, food & beverages, cosmetics, plasticizers,
polybutylene succinate (PBS), 1,4 butanediol (BDO), polyurethanes, solvents & lubricants, and others.

Asia Pacific succinic acid market id dominant globally due to presence of more production facilities:
Global succinic acid market is analysed for countries across North America, Europe, Asia Pacific, South & Central
America, and Middle & East Africa. Of these regions, Asia Pacific is the fastest growing market for succinic acid owing
to the low labour cost and more succinic acid production facilities in the region. Presence of major manufacturers of
petro based succinic acid also drives the demand for succinic acid market in the region. In Asia Pacific, China is the
leading country that is holding major production capacity of succinic acid.

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Succinic Acid
Competitors participating in global succinic acid market:
Key players of global succinic acid market include Anhui Sunsing Chemicals (China), Anqing Hexing Chemical (China),
Bio Amber (Canada),GC Innovation America (United States),Gadiv Petrochemical Industries (Israel) Kawasaki Kasei
Chemicals (Japan), Nippon Shokubai (Japan),Reverdia (Netherlands), Shandong Lixing Chemical (China), and
Succinity GmbH (Germany).

Scope of the Report


Long term perspective on the Succinic Acid industry: 2018 (base year), 2019- 2025 (forecast period)
Succinic Acid Market- Forecasts by Segments- Type and Application by geography.
 The research report categorizes the succinic acid market based on product into 2 types that include petro
based succinic acid and bio based succinic acid.
 It provides the succinic acid market outlook by 10applicationsincluding resins, pigments, coatings, dyes & inks;
pharmaceutical; food & beverages; cosmetics; plasticizers; polybutylene succinate (PBS); 1,4 butanediol (BDO);
polyurethanes; solvents & lubricants; and others.
 Succinic acid market across countries in 5 regions including North America, Europe, Asia-Pacific, South& Central
America, and Middle East & Africa are covered in this report.

Succinic Acid Market- Strategic Analysis Review


 Key strategies opted by leading players
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Succinic Acid

 Short to Long Term Industry Trends


 Porter’s Five Forces Analysis
 Supply side and Demand Side Drivers and Challenges

Succinic Acid Market- Growth Opportunities


 Potential New Business Opportunities
 Key Areas of Focus in forecast period

Succinic Acid Market- Competitive Scenario


 10 companies are analysed in the report including Anhui Sunsing Chemicals,Anqing Hexing Chemical, Bio
Amber,GC Innovation America, Gadiv Petrochemical Industries,Kawasaki Kasei Chemicals, Nippon Shokubai,
Reverdia, Shandong Lixing Chemical, and Succinity GmbH.
 Company Peer-to-Peer Comparison
 Company Profile and SWOT Analysis
 Financial Analysis

Recent Succinic Acid Market News and Deals

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Succinic Acid

Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures

2. Introduction to Global Succinic Acid Market


2.1 Global Succinic Acid Market Snapshot, 2018
2.2Succinic Acid Industry Overview

2.3 Research Perspective

3. Global Succinic Acid Market- Strategic Analysis

3.1 Short Term and Long Term Industry Trends Affecting Global Succinic Acid Markets
3.2 Leading Succinic Acid Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Succinic Acid
3.4 Potential Markets Vital for business Expansion
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Succinic Acid

3.5 Five Forces Analysis


3.6 Drivers and Restraints

4. Global Succinic Acid Market Outlook and Growth Opportunities by Type


4.1 Petro based succinic acid Market Outlook, 2019- 2025

4.2 Bio based succinic acid Market Outlook, 2019- 2025

5. Global Succinic Acid Market Outlook and Growth Opportunities by Application


5.1 Succinic Acid Demand in Resins, pigments, coatings, dyes & inks Application, Market Outlook, 2019- 2025
5.2 Succinic Acid Demand in Pharmaceutical Application, Market Outlook, 2019- 2025
5.3 Succinic Acid Demand in Food and Beverages Application, Market Outlook, 2019- 2025
5.4 Succinic Acid Demand in Cosmetics Application, Market Outlook, 2019- 2025
5.5 Succinic Acid Demand in Plasticizers Application, Market Outlook, 2019- 2025
5.6 Succinic Acid Demand in Polybutylene Succinate (PBS) Application, Market Outlook, 2019- 2025

5.7 Succinic Acid Demand in 1,4 butanediol (BDO) Application, Market Outlook, 2019- 2025
5.8 Succinic Acid Demand in Polyurethanes Application, Market Outlook, 2019- 2025
5.9 Succinic Acid Demand in Solvents & Lubricants Application, Market Outlook, 2019- 2025

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5.10 Succinic Acid Demand in Others Applications, Market Outlook, 2019- 2025

6. Asia Pacific Succinic Acid Market Outlook and Growth Opportunities


6.1 Key Findings, 2018
6.2 Asia Pacific Succinic Acid Market Outlook by Type, 2019- 2025

6.3 Asia Pacific Succinic Acid Market Outlook by Application, 2019- 2025
6.4 Asia Pacific Succinic Acid Market Outlook by Country, 2019- 2025

7. Europe Succinic Acid Market Outlook and Growth Opportunities


7.1 Key Findings, 2018
7.2 Europe Succinic Acid Market Outlook by Type, 2019- 2025
7.3 Europe Succinic Acid Market Outlook by Application, 2019- 2025
7.4 Europe Succinic Acid Market Outlook by Country, 2019- 2025

8. North America Succinic Acid Market Outlook and Growth Opportunities


8.1 Key Findings, 2018
8.2 North America Succinic Acid Market Outlook by Type, 2019- 2025
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8.3 North America Succinic Acid Market Outlook by Application, 2019- 2025
8.4 North America Succinic Acid Market Outlook by Country, 2019- 2025

9. South & Central America Succinic Acid Market Outlook and Growth Opportunities
9.1 Key Findings, 2018

9.2 South & Central America Succinic Acid Market Outlook by Type, 2019- 2025
9.3South & Central America Succinic Acid Market Outlook by Application, 2019- 2025
9.4South & Central America Succinic Acid Market Outlook by Country, 2019- 2025

10. Middle East & Africa Succinic Acid Market Outlook and Growth Opportunities
10.1 Key Findings, 2018
10.2 Middle East & Africa Succinic Acid Market Outlook by Type, 2019- 2025
10.3 Middle East & Africa Succinic Acid Market Outlook by Application, 2019- 2025
10.4 Middle East & Africa Succinic Acid Market Outlook by Country, 2019- 2025

11. Competitive Landscape


11.1 Leading Players (Company Profile, SWOT Analysis, Succinic Acid Products, Financial Analysis)

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Succinic Acid
11.1.1 Anhui Sunsing Chemicals
11.1.2 Anqing Hexing Chemical
11.1.3 Bio Amber
11.1.4 GC Innovation America
11.1.5 Gadiv Petrochemical Industries

11.1.6 Kawasaki Kasei Chemicals


11.1.7 Nippon Shokubai
11.1.8 Reverdia
11.1.9 Shandong Lixing Chemical
11.1.10 Succinity GmbH

11.2 Company Benchmarking


11.3 Financial Analysis

12. Recent News and Deals Landscape


12.1 Mergers and Acquisitions
12.2 New Product Launches
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Succinic Acid

12.3 Asset Transactions


12.4 Financial Announcements

13 Appendix
13.1 OGAnalysis Expertise

13.2 Sources and Research Methodology


13.3 Contact Information

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Succinic Acid

Research Methodology
Over 1000 companies rely on OGAnalysis research for accurate data and analytics for business development. Accordingly, we
have developed a robust methodology that has been redefined again and again over the past 10 years to arrive at the best-in-
class methodology.

We understand the importance of research for your business!

Our strategic market intelligence is uniquely designed to transform data points into actionable insights for strategic planning and
business development. Our methodology includes series of iterative processes integrating qualitative and quantitative research
methods.

Scope and Report Design Phase

Our well experienced team of experts carefully designs the study scope, objectives and deliverables. Through clear understanding
of research needs of our clients, we design a clear scope for all the segments and sub-segments of the report. Strong knowledge on
emerging trends, client interactions, conferences and latest thinking assist us in formulating the most suitable design process.

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Succinic Acid
Data Sourcing

OGAnalysis has a large pool of industrial partners across companies and business functions. Data is sourced through extensive
primary and secondary research methods. Through collaborative efforts, primary data is sourced from industry organizations,
leading companies, suppliers, traders and consumers to ensure a comprehensive industry perspective.

Strong primary research abilities set us apart from crowd

In-house Proprietary Databases

Our proprietary databases with over 10 million data points act as a strong historic source for all the information gathered during
Data Sourcing phase. A dedicated team of analysts work on a daily basis- crawling thousands of websites and primary calls to
constantly update the information in our databases.

Data Triangulation

The benefits of data triangulation include boosting data trustworthiness, identifying novel ways of understanding, generating new
insights and gain clear understanding of markets. Through use of historical trend analysis, bottom-up and top-down demand
modeling coupled with comparative analysis, we assess the diverse and quantitative data gathered through primary and secondary
research methods.

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Data Triangulation Can Provide Novel Insights

Forecast methodology

Forecasting is no more a simple quantitative modeling exercise. It is an iterative operating process where identifying the right things
to forecast is followed by gathering and improving the data to include real-world scenarios. Emphasis on scalability and
adaptability of the model in current market conditions with confidence remains the key for any forecast model. The forecasting
process concludes with adaptability in business model so as to constantly improve the entire process.

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Succinic Acid

Related Products and Solutions


Low-Density Polyethylene
Succinic Acid 3D Printing Plastic Crosslinking Agents (LDPE) Polymer Foam
Plastic 3D Printing Powder Dimer Acid Medical Polymers Polymer Gel
Dimethyl Terephthalate and Metal Soaps and Organotin Polymethyl
Polyamide Acrylic Sheet Terephthalic Acid Heat Stabilizers Methacrylate
Metalized Biaxially Oriented
Polyols Acrylonitrile Electrically Conductive Adhesives Polypropylene Films Polyolefin
Acrylonitrile Butadiene
Polypropylene Styrene Resins Electroactive Polymers Metallic Stearate Polyolefin Fibers
Adhesive, Composite,
Polystyrene and Coating Epoxy Emulsion Polymer Methyl Methacrylate Polyoxymethylene
Methyl, Ethyl and Other
Rosin Adipic Acid Engineering Plastics Cellulose Ethers Polyphenylene Oxide
Polyphenylene Sulfide
White Oil Aluminum Oxide Epoxidized Soybean Oil (ESO) Mulch film Resins
High Temperature Amine and Anhydride Epoxy and Polyester Corrosion
Resin Epoxy Curing Agents Resistant Resins Novolac Resins Polypropylene Resins
Low Temperature
Coating Amino Resins Epoxy Coatings Nylon 6 and 66 Polysilicon
Polytetrafluoroethylen
Maleic Anhydride Anti-Fog Additives Epoxy Resin Nylon Monofilament e
Medical Plastics Antimicrobial Plastic Epoxy Surface Coatings Nylon Resins Polyurea
Organic Coatings, Inorganic
Methacrylate Automotive Epoxy, Silicone, Polyurethane and Coatings and Other Barrier Polyvinyl Chloride
Monomers Polycarbonate Glazing Other High Temperature Adhesives Films Resins
Epoxy, Vinyl Ester and Polyester Purified Terephthalic
Opaque Polymers Azodicarbonamide Glass Flake Coatings Packaging Films Acid
Petroleum Resin Bakelite Ethylene Copolymers Paint Protection Film Reinforced Plastics
Rigid Transparent
Phenolic Resin Barrier Resisns Ethylene Glycols PET Polymer Plastics

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Plastic Additives Bio Plasticizers Ethylene Oxide Phosgene Shrink Film
Bio-based Polyethylene
Plastisols Terephthalate Ethylene Propylene Diene Monomer Plastic Compounding Smart Polymers
Styrene-Acrylonitrile
Polyamide Bio-based Polypropylene Extruded Polypropylene Foam Plastic Dielectric Films Resins
Styrenic Block
Polycarbonate Films Biodegradable Plastics Fiber Reinforced Composites Plastic Films and Sheets Copolymers
Fiber Reinforced Polymer
Polyetheramine Biodegradable Polymers Composites Plasticizer Alcohol Styrenic Copolymers
Biodegradable
Superabsorbent
Polymer Dispersions Materials Flexible Epoxy Resin Plasticizers Styrenic Polymers
Polymethyl
Methacrylate
Microspheres Bioplastics Fluorotelomers Polyacetal Resins Styrenics
Polyphenylene
Sulfide Bio-Polyamide Furan Resins Polyacrylamide Sulfone Polymers
Polypropylene Superabsorbent
Catalysts Biopolymer Furandicarboxylic Acid Polyamide Resins Polymers
Synthetic and Bio-
Polyvinyl Butyral Bioresorbable Polymers Glass Fiber Polyamide-Imide Based Polypropylene
Synthetic Water-
Precipitated Silica Bisphenol A Gum Rosin Polyaryletherketone Soluble Polymers
Thermoformed
Protective Films Blow Molded Plastics HDPE (High-Density Polyethylene) Polyarylsulfone Plastics
Thermoplastic
Polyester Engineering
PVC Additives Breathable Film HDPE Polyethylene Resins Polycarbonate Resins Resins
Thermoplastic
PVC Stabilizer Cellulose Acetate Heat Resistant Polymer Polychlorotrifluoroethylene Polyolefins
Saturated Polyester Thermoplastic
Resin Cellulose Acetate Flake Hexamethylenediamine Polyester Film Vulcanizates
Synthetic Latex
Polymers Cellulose Ester High Density Polyethylene Polyester Polyols Triethylene Glycol
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Succinic Acid
Cellulose Ether and Ultraviolet Curable
Transparent Plastics Derivatives Hydrazine Polyether Ether Ketone Resins
Tris Nonylphenyl Unsaturated Polyester
Phosphite Cellulose Films Impact Modifiers Polyether Polyols Resins
Chlorinated
UV Absorbers Polyethylene (PE-C) Injection Molded Plastics Polyethylene Furanoate UV Light Stabilizers
Chlorinated
Polyethylene Resins and Water Soluble
UV Stabilizer Elastomers Ion Exchange Resins Polyethylene Glycol Polymers
Wood Plastic
Water Based Resin Chromatography Resin LDPE Polyethylene Resins Polyethylene Naphthalate Composite
Water Soluble Film Coating Resins Linear LDPE Polyethylene Resins Polyethylene Terephthalate Solid-State Resins
Waterborne Epoxy
Resins Conductive Polymers Liquid Crystal Polymers Polyimides and Imide Polymers
Waterborne UV Corrosion Resistant
Curable Resins Resin Low Profile Additives Polymer Chameleons

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