Succinic Acid Market 2016

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MarketsandMarkets Presents
Global Succinic Acid Market worth 496.0 Million
by 2016
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ccinic-acid-market-402.html
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The report Succinic Acid Market by Applications
Geography - Global Trends Forecasts
(2011-2016) defines and segments the global
succinic acid market with analysis and
forecasting of the global volume and revenue for
succinic acid. It also identifies driving and
restraining factors for the global succinic acid
market with analysis of trends, opportunities,
burning issues, winning imperatives, and
challenges. Global Succinic Acid Market is
expected to reach 496.0 Million by 2016, growing
at a CAGR Of 18.7 from 2011 to 2016. The market
is segmented and revenues are forecasted on the
basis of major geography such as North America,
Europe, Asia-Pacific, and Rest of the World
(ROW). The key countries are covered and
forecasted for each region. Further, market is
segmented and revenues are forecasted on the
basis of applications.                 
                          Browse more than 50
market data tables/figures spread through 209
pages and in-depth TOC on Succinic Acid Market
by Applications Geography - Global Trends
Forecasts (2011-2016). http//www.marketsandmar
kets.com/Market-Reports/succinic-acid-market-402.h
tml
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Succinic acid is widely employed in chemical,
pharmaceutical, food, and agricultural
industries. These rapidly growing industrial
markets for succinic acid are expected to boost
the demand for succinic acid. Succinic acid
yields derivatives such as 1,4-butanediol (BDO),
gamma-butyrolactone (GBL), and tetrahydrofuran
(THF), which have high potential for use as
solvents and fibers. In addition, pyrrolidinones
and N-methylpyrrolidinone can also be directly
produced from succinic acid manufactured by
fermentation. These organic chemicals find high
demand in pharmaceutical industry. The low cost
and potential of bio-succinic acid to open up a
wide array of applications such as polyurethanes,
1,4-butanediol, plasticizers, thermoplastics,
etc. are further expected to boost the
bio-succinic acid market.   Increasing
popularity of renewable chemicals remain the key
driving factors for chemical companies to enter
into the production of bio-based succinic acid by
using green production process. In the light of
high growth prospects of bio-based succinic acid
and achievement of cost effective production of
succinic acid by using renewable feedstocks,
strong investments and an increasing number of
new projects are expected to come up.
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ccinic-acid-market-402.html
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Several companies have invested heavily into the
development or expansion of existing facilities
for bio-based succinic acid. This will result
into significant increase in production volume of
succinic acid in the near future. The global
succinic acid market in terms of revenue was
estimated to be worth 182.8 million in 2010 and
is expected to reach 496.0 million by 2016,
growing at a CAGR of 18.7 from 2011 to 2016.
Europe and North America dominate the global
succinic acid market, together accounting for
66.0 of the global succinic acid demand in 2010.
Asia-Pacific is expected to be the fastest
growing market in the near future owing to the
rapid advancement and increasing demand from key
countries such as China and India.
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ccinic-acid-market-402.html
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ccinic-acid-market-402.html