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Bio-Based Succinic Acid Market Growth Opportunities to reach a CAGR of 19.6% | Global Trends, Features, Scope, Demand & Supply, Competitive Landscape, Sales Revenue, Share Report, Size by 2023

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Bio-Based Succinic Acid Market Growth Opportunities to reach a CAGR of 19.6% | Global Trends, Features, Scope, Demand & Supply, Competitive Landscape, Sales Revenue, Share Report, Size by 2023

March 22
00:06 2020
Bio-Based Succinic Acid Market Growth Opportunities to reach a CAGR of 19.6% | Global Trends, Features, Scope, Demand & Supply, Competitive Landscape, Sales Revenue, Share Report, Size by 2023

Bio-Based Succinic Acid Market
Global Bio-Based Succinic Acid Market: Information by Processed Type (Ammonium Sulphate Process, Direct Crystallization Process), Application (1,4 Butanediol, Polybutylene Succinate, Plasticizers), End-Use Industry (Chemical, Food), Region—Forecast till 2023

Bio-Based Succinic Acid Market Overview:

The global bio-based succinic acid market is expected to register a CAGR of 19.6% during the forecast period, 2018–2023.

Based on processed type, the global bio-based succinic acid has been divided into ammonium sulphate process, direct crystallization process, and electrodialysis process. The ammonium sulphate segment held the largest share of the global bio-based succinic acid market in 2018. The easy availability of ammonium sulphate is expected to be the prime reason for the growth of the segment. The segment is expected to continue the trend during the forecast period.

Bio-Based Succinic Acid Market Key Players:

Some of the major players operating in the global bio-based succinic acid market are;

  • BioAmber Inc (US)
  • DSM (The Netherlands)
  • Mitsui & Co., Ltd (Japan)
  • Mitsubishi Chemical Corporation (Japan)
  • BASF SE (Germany)
  • Roquette Frères (France)
  • Corbion (Netherlands)
  • Reverdia (The Netherlands)

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Bio-Based Succinic Acid Market Table of Content:

1 Executive Summary

2 Market Introduction

3 Market Research Methodology

4 Market Dynamics of Global Bio-Based Succinic Acid Market

5 Market Factor Analysis of Global Bio-Based Succinic Acid Market

Bio-Based Succinic Acid Market Table of Content to be Continue….,

Bio-Based Succinic Acid Market Regional Analysis:

The global bio-based succinic acid market has been analyzed across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is projected to witness remarkable growth during the forecast period, owing to the increasing use of the product in the automotive, personal care, and pharmaceutical industries. The Asia-Pacific market is expected to witness healthy growth during the review period, owing to the growth of the chemical and pharmaceutical industries.

The European market for bio-based succinic acid is expected to grow at a significant rate due to the growing use of the product in different applications, especially in the healthcare industry. The Latin American and the Middle East & African markets for bio-based succinic acid are projected to witness moderate and sluggish growth, respectively, during the review period.

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