Although the revenue generated by the Asia Pacific succinic acid market accounted for a mere share of $ 49.7 million in 2016, the market is forecasted to catapult ahead by exhibiting the highest CAGR growth of 32.18% over the estimated period of 2017-2026. Revenue collections of nearly $ 778.0 million are expected from the market by the end of 2026.
ASIA PACIFIC SUCCINIC ACID MARKET FORECAST 2017-2026
Asia Pacific Succinic Acid Market Is Segmented by Raw Materials(by Raw Materials, Petro-based Succinic Acid) by Applications(1,4- Butanediol (Bdo), Plasticizer, Pbs (Polybutylene Succinate), Solvent and Lubricant, Polyols, Other Industrial Use, Pharma, Food) & by Geography
Although the revenue generated by the Asia-Pacific succinic acid market accounted for a mere share of $ 49.7 million in 2016, the market is forecasted to catapult ahead by exhibiting the highest CAGR growth of 32.18% over the estimated period of 2017-2026. Revenue collections of nearly $ 778.0 million are expected from the market by the end of 2026.
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China, Japan, Thailand, South-Korea, India and the rest of Asia-Pacific are the markets that have been analyzed for this report. Easy access to raw materials and the low production costs in the Asia-Pacific region as compared to other regional markets are the primary forces behind the progression of the Asia-Pacific market. The Chinese succinic acid market is at the forefront of this region, closely followed by Japan. After the U.S, China is the world’s largest growing market. Corn is mostly used as a base material for producing succinic acid, and since China ranks second in the global production of corn, it enjoys an added advantage over other markets.
Some of the major companies in this market are Nippon Shokubai Co Ltd, BASF Se, Anhui Sunsing Chemicals Co Ltd, Linyi Lixing Chemical Co Ltd, Merck Millipore (Merck), Anqing Hexing Chemical Co Ltd, Esim Chemicals,Mitsubishi Chemical Corporation, Bioamber Inc, Kawasaki Kasei Chemicals, Dsm Netherlands, Reverdia (Dsm – Roquette), Sigma Aldrich, Mitsui & Co. Ltd, Myriant Corporation, and Gadiv Petrochemical Industries Ltd.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- ROBUST GROWTH IN BIO-BASED SUCCINIC ACID MARKET
- INCREASED DEMAND FOR BIODEGRADABLE PLASTICS
- ASIA PACIFIC IS EXPECTED TO BE THE MOST PROMISING MARKET
- MARKET DYNAMICS
- MARKET DEFINITION
- DRIVERS
- SUPPORTIVE GOVERNMENT POLICIES GIVING RISE TO SUCCINIC ACID MARKET
- AVAILABILITY OF RENEWABLE RAW MATERIALS
- RISE IN PETROLEUM PRICES
- RESTRAINTS
- HIGH PRICE OF BIO-BASED SUCCINIC ACID
- COMPETITIVE RIVALRY
- OPPORTUNITY
- VARIED APPLICATIONS
- FOOD AND BEVERAGES
- PHARMACEUTICALS
- EFFECTIVE TREATMENT
- GO GREEN INITIATIVE
- SUBSTITUTE FOR KEY CHEMICALS
- BIO-BASED BIODEGRADABLE PLASTIC IN DEMAND
- VARIED APPLICATIONS
- CHALLENGES
- HIGH PROCESSING COST
- AWARENESS
- TIME-CONSUMING PROCESS
- MARKET BY RAW MATERIALS
- BIO-BASED SUCCINIC ACID
- PRODUCTION FROM CORN
- PRODUCTION FROM MOLASSES
- PETRO-BASED SUCCINIC ACID
- MALEIC ANHYDRIDE
- BIO-BASED SUCCINIC ACID
- MARKET BY APPLICATIONS
- 1,4- BUTANEDIOL (BDO)
- PLASTICIZER
- PBS (POLYBUTYLENE SUCCINATE)
- SOLVENT AND LUBRICANT
- POLYOLS
- OTHER INDUSTRIAL USE
- PHARMA
- COSMETICS
- PREPARATION OF DRUGS
- FOOD
- PRESERVATIVES
- SOFTENING AGENT
- PACKAGING
- KEY ANALYTICS
- PORTER’S 5 FORCE ANALYSIS
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE PRODUCTS
- BARGAINING POWER OF BUYERS
- BARGAINING POWER OF SUPPLIERS
- INTENSITY OF COMPETITIVE RIVALRY
- VALUE CHAIN ANALYSIS
- RAW MATERIAL
- PRODUCT
- MARKETS
- KEY BUYING CRITERIA
- OBJECTIVE
- UTILITY
- PERSONAL CARE
- SUBSTITUTE FOR PETROCHEMICAL BASED SUCCINIC ACID
- REPLACEMENT OF PLASTIC AND DERIVATIVES
- PHARMACEUTICALS
- FAVORABLE GOVERNMENT POLICIES AND REGULATIONS
- PRICE
- AVAILABILITY
- QUALITY
- ENVIRONMENT EFFECTS
- OBJECTIVE
- VENDOR LANDSCAPE
- OPPORTUNITY MATRIX
- PORTER’S 5 FORCE ANALYSIS
- GEOGRAPHICAL ANALYSIS
- CHINA
- JAPAN
- INDIA
- THAILAND
- SOUTH KOREA
- REST OF ASIA PACIFIC
- COMPETITIVE LANDSCAPE
- MARKET SHARE ANALYSIS
- BIOAMBER/MITSUI
- MYRIANT
- SUCCINITY
- REVERDIA
- COMPANY PROFILES
- BIOAMBER INC.
- MYRIANT CORPORATION
- BASF SE
- DSM NETHERLANDS
- MITSUI & CO. LTD
- MITSUBISHI CHEMICAL CORPORATION
- REVERDIA (DSM – ROQUETTE)
- GADIV PETROCHEMICAL INDUSTRIES LTD
- KAWASAKI KASEI CHEMICALS
- LINYI LIXING CHEMICAL CO LTD
- SUCCINITY GMBH
- NIPPON SHOKUBAI CO LTD
- ANHUI SUNSING CHEMICALS CO LTD
- SIGMA ALDRICH
- MERCK MILLIPORE (MERCK)
- ESIM CHEMICALS
- ANQING HEXING CHEMICAL CO LTD
- MARKET SHARE ANALYSIS
LIST OF TABLES
TABLE 1 ASIA PACIFIC SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
TABLE 2 ASIA PACIFIC SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
TABLE 3 ASIA PACIFIC SUCCINIC ACID MARKET BY APPLICATIONS 2017-2026 ($ MILLION)
TABLE 4 KEY MOTIVATORS AND RESTRAINTS OF DIFFERENT GEOGRAPHIES
TABLE 5 ASIA PACIFIC SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
LIST OF FIGURES
FIGURE 1 ASIA PACIFIC SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
FIGURE 2 ASIA PACIFIC BIO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 3 ASIA PACIFIC PETRO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 4 ASIA PACIFIC 1,4-BUTANEDIOL (BDO) MARKET 2017-2026 ($ MILLION)
FIGURE 5 ASIA PACIFIC PLASTICIZER MARKET 2017-2026 ($ MILLION)
FIGURE 6 ASIA PACIFIC PBS MARKET 2017-2026 ($ MILLION)
FIGURE 7 ASIA PACIFIC SOLVENT AND LUBRICANT MARKET 2017-2026 ($ MILLION)
FIGURE 8 ASIA PACIFIC POLYOLS MARKET 2017-2026 ($ MILLION)
FIGURE 9 ASIA PACIFIC OTHER INDUSTRIAL MARKET 2017-2026 ($ MILLION)
FIGURE 10 ASIA PACIFIC PHARMACEUTICAL MARKET 2017-2026 ($ MILLION)
FIGURE 11 ASIA PACIFIC FOOD MARKET 2017-2026 ($ MILLION)
FIGURE 12 CUMULATIVE PRICE CHANGE IN CRUDE OIL, CORN, AND SUGAR
FIGURE 13 CHINA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 14 JAPAN SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 15 INDIA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 16 THAILAND SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 17 SOUTH KOREA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
FIGURE 18 REST OF ASIA PACIFIC SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
- GEOGRAPHICAL ANALYSIS
- CHINA
- JAPAN
- INDIA
- THAILAND
- SOUTH KOREA
- REST OF ASIA PACIFIC
- MARKET BY RAW MATERIALS
- BIO-BASED SUCCINIC ACID
- PRODUCTION FROM CORN
- PRODUCTION FROM MOLASSES
- PETRO-BASED SUCCINIC ACID
- MALEIC ANHYDRIDE
- BIO-BASED SUCCINIC ACID
- MARKET BY APPLICATIONS
- 1,4- BUTANEDIOL (BDO)
- PLASTICIZER
- PBS (POLYBUTYLENE SUCCINATE)
- SOLVENT AND LUBRICANT
- POLYOLS
- OTHER INDUSTRIAL USE
- PHARMA
- COSMETICS
- PREPARATION OF DRUGS
- FOOD
- PRESERVATIVES
- SOFTENING AGENT
- PACKAGING
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