Succinic acid market in China to rise at 4.8% CAGR till 2027

2022-05-02 11:25:15 UTC | Chemicals & Advanced Materials
Succinic acid market in China to rise at 4.8% CAGR till 2027
Succinic acid is a four-carbon dicarboxylic acid (butanedioic acid or amber acid, C4H6O4). Industrially, succinic acid is currently produced petrochemically from maleic acid and is thus based on petroleum. Succinic acid can be produced by fermentation as it is an intermediate of the tricarboxylic acid cycle (TCA, citrate cycle) and one of the end products of anaerobic metabolism. Succinic acid offers great potential as a platform chemical in the application areas of bio-based plastics, solvents, plasticizers, adhesives, and resins. According to market research study published by Gen Consulting Company, the succinic acid market in China is predicted to be growing at a CAGR of over 4.8% from 2021 to 2027.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into succinic acid market in China. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the succinic acid industry.

This industry report offers market estimates and forecasts of the China market, followed by a detailed analysis of the product, and application. The China market for succinic acid can be segmented by product: bio-based succinic acid, petro-based succinic acid. Succinic acid market is further segmented by application: BDO, PBS, plasticizer, solvent & lubricant, polyols, pharmaceutical, others.

By product:
- bio-based succinic acid
- petro-based succinic acid

By application:
- plasticizer
- solvent & lubricant
- polyols
- pharmaceutical
- others

The report explores the recent developments and profiles of key vendors in the Succinic Acid Market in China, including  Anhui Sunsing Chemicals Co., Ltd., Anqing Hexing Chemical Co., Ltd., Baoji Jinbaoyu Technology Co., Ltd., JINHUI ZHAOLONG High Technology Co., Ltd., Shandong Feiyang Chemical Co., Ltd., Shanghai Shenren Fine Chemical Co., Ltd., SINOPEC Yangzi Petrochemical Co., Ltd., Tianjin Bohua Zhonghe Chemical Co., Ltd., among others.

Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.

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Scope of the Report
- To analyze and forecast the market size of the succinic acid market in China.
- To classify and forecast the succinic acid market in China based on product, application.
- To identify drivers and challenges for the succinic acid market in China.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the succinic acid market in China.
- To identify and analyze the profile of leading players operating in the succinic acid market in China.

Why Choose This Report
- Gain a reliable outlook of the succinic acid market in China forecasts from 2021 to 2027 across scenarios.
- Identify growth segments for investment.
- Stay ahead of competitors through company profiles and market data.
- The market estimate for ease of analysis across scenarios in Excel format.
- Strategy consulting and research support for three months.
- Print authentication provided for the single-user license.