This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
— Bio-based succinic acid is succinic acid produced by microbial fermentation. It is a renewable chemical component with multiple uses and can be used as a substitute for petroleum-derived chemical components.
This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional markets. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The bio-based succinic acid market report provides a comprehensive analysis of important market segments, such as product types, application areas, development regions, and major players. The report also provides a detailed assessment of bio-based succinic acid, such as market dynamics and development trends, Limiting factors, etc. Compared with petroleum-based succinic acid, bio-based succinic acid reduces the carbon footprint and obtains greater environmental benefits. Increasing atmospheric greenhouse gas concentrations, sharp fluctuations in oil prices and the safety of their supply, and the need to build a sustainable global economy will all lead to a shift from a fossil fuel-based economy to a bio-based economy. Fossil fuels are non-renewable resources. Oil reserves are declining and prices are rising over time. It is expected that the demand for bio-based succinic acid will increase. The increasing awareness of environmental protection has also promoted the development of the bio-based succinic acid market. However, the high initial capital investment and processing costs, as well as the complex technology and extraction process for processing bio-based succinic acid remain major challenges in the market.
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The Major Players Profiled in This Report Include:
Kawasaki Kasei Chemicals
Linyi Lixing Chemical
Anhui Sunsing Chemicals
The Type and Application Analysis:
Type Outlook (Revenue, USD Million; 2014-2026):
Application Outlook (Revenue, USD Million; 2014-2026):
Food & Beverage
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Bio-based succinic acid can be used to produce industrial chemicals and consumer products with a large market, which is the main driving force for the development of bio-based succinic acid production technology. Besides, to the potential applications of bio-based succinic acid, 1,4-butanediol (BDO) is the largest market. BDO is an industrial chemical with multiple uses and can be used as a solvent raw material for several other important industrial chemicals.
The Asia-Pacific region is the world's fastest-growing bio-based succinic acid regional market. Due to its rapidly developing economy, the demand for the automotive, personal care, and pharmaceutical industries is increasing. In addition, the promulgation of some national policies in the region has provided tremendous opportunities and strong support for the development of the bio-based succinic acid market. For example, China issued the “Letter on Supporting the Construction of a National Synthetic Biotechnology Innovation Center” in November 2019.
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Bio-based Succinic Acid Market by Types
Chapter 4 Segmentation of Bio-based Succinic Acid Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Bio-based Succinic Acid Market in Major Countries
Chapter 7 North America Bio-based Succinic Acid Landscape Analysis
Chapter 8 Europe Bio-based Succinic Acid Landscape Analysis
Chapter 9 Asia Pacific Bio-based Succinic Acid Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Bio-based Succinic Acid Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 Bioamber Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Myriant Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Kawasaki Kasei Chemicals
11.3.1 Kawasaki Kasei Chemicals Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Bio-based Succinic Acid Report Provide:
Potential opportunities and challenges analysis in the Bio-based Succinic Acid market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Bio-based Succinic Acid market and related industry.
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