Conventionally, succinic acid was produced from petroleum raw material which was an expensive
process with hazardous emissions resulting in restricted usage in health care, home & personal care
industry. Hence, key market players including Succinity, BioAmber and Reverdia recently invested in R&D
to produce succinic acid from bio based raw materials. These raw materials are cost effective and
resulted in lowering succinic acid prices in the global market.
Favorable regulatory norms are expected to be the key driving force for bio succinic acid market over the
forecast period. It is used in food & beverages, personal care and chemical industry. Bio succinic acid
market witnessed strategic partnerships with leading chemical companies focusing on reducing overall
View More Details About Global Bio Succinic Acid Market With Toc:
The major factor affecting the acid growth is the substitution of maleic anhydride which is costly and has
uncertain availability for manufacturing of 1,4 butanediol and derivatives including polybutylene
terephtalate, gamma-butryolactone and tetrahydrofuran. Cost effective production gives an upper hand to
bio succinic acid over MAN in production of BDO.
BDO was the leading application segment and accounted for over 30% in 2012. Other applications
include polyester polyols, plasticizers, PBS/PBST and alkyd resins. The acid is used in food and
beverage industry and pharmaceutical industry as an acid regulator. The market is expected to pose a
threat to conventional petrochemical products including MAN on the industrial level and is expected to
have a positive effect on the application market.
Leather industry and engineering plastics are the major BDO and polyurethane end-use industries.
Growing bioplastics consumption in industries is expected to increase bio succinic acid demand in plastic...