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Succinic Acid Market for 1,4-BDO, Resin, Coatings, Dyes & Inks, Pharmaceutical, Polyurethane, Food, Plasticizers, Cosmetics, Solvents & Lubricants and De-Icing Solutions Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 - 2020

Published: Nov-2015 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 38310


The report covers forecast and analysis for the succinic acid market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on both volumes (Tons) and revenue (USD Million). The study includes drivers and restraints of the succinic acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the succinic acid market on a global level.

In order to give the users of this report a comprehensive view on the succinic acid, we have included a detailed value chain analysis, competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the succinic acid market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the succinic acid market by segmenting the market based on applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application markets covered under this study includes 1,4-BDO, resin, coatings, dyes & inks, pharmaceutical, polyurethane, food, plasticizers, cosmetics, solvents & lubricants and de-icing solutions. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for succinic acid based on individual applications in all the regions and countries.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global succinic acid market include BioAmber Inc, Gadiv Petrochemical industries ltd, Kawasaki Kasei Chemicals Ltd, Mitsubishi Chemical Corporation, Mitsui & Co. Ltd, Myriant Corporation, Nippon Shokubai Co. Ltd, PTT Global Chemical Public Co. Ltd, Purac, BASF SE, Reverdia, Roquette Freres S.A and DSM N.V. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
 
This report segments the global succinic acid market as follows:

Global Succinic Acid Market: Application Segment Analysis

  • 1,4-BDO
  • Resin
  • Coatings
  • Dyes & Inks
  • Pharmaceutical
  • Polyurethane
  • Food
  • Plasticizers
  • Cosmetics
  • Solvents & Lubricants
  • De-Icing Solutions

Global Succinic Acid Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global succinic acid market volume and revenue, 2014 - 2020 (Tons) (USD Million)
    • 2.2. Global succinic acid market: Snapshot
  • Chapter 3. Succinic Acid Market – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value chain analysis
    • 3.3. Market drivers
      • 3.3.1. Global succinic acid market drivers: Impact analysis
      • 3.3.2. Rising demand for polyurethane
      • 3.3.3. Increasing demand for succinic acid derivatives
      • 3.3.4. Growth of paints and coatings industry
    • 3.4. Market restraints
      • 3.4.1. Global succinic acid market restraints: Impact analysis
      • 3.4.2. Fluctuating raw material prices
      • 3.4.3. Capital intensive technology for bio-based succinic acid
    • 3.5. Opportunities
      • 3.5.1. Development and commercialization of bio-based technology
    • 3.6. Porter’s five forces analysis
      • 3.6.1. Bargaining power of suppliers
      • 3.6.2. Bargaining power of buyers
      • 3.6.3. Threat from new entrants
      • 3.6.4. Threat from new substitutes
      • 3.6.5. Degree of competition
    • 3.7. Market attractiveness analysis
      • 3.7.1. Market attractiveness analysis by application segment
      • 3.7.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Succinic Acid Market – Competitive Landscape
    • 4.1. Global succinic acid company market share, 2014
    • 4.2. Global succinic acid market: Production capacity (subject to data availability)
    • 4.3. Global succinic acid market: Raw material analysis
    • 4.4. Global succinic acid market: Price trend Analysis
  • Chapter 5. Global Succinic Acid Market – Application Segment Analysis
    • 5.1. Global succinic acid market: Application overview
      • 5.1.1. Global succinic acid market volume share by application, 2014 and 2020
    • 5.2. 1,4-BDO
      • 5.2.1. Global succinic acid market for 1,4-BDO, 2014 – 2020 (Tons) (USD Million)
    • 5.3. Resins
      • 5.3.1. Global succinic acid market for resins, 2014 – 2020 (Tons) (USD Million)
    • 5.4. Coatings
      • 5.4.1. Global succinic acid market for coatings, 2014 – 2020 (Tons) (USD Million)
    • 5.5. Dyes & Inks
      • 5.5.1. Global succinic acid market for dyes & inks, 2014 – 2020 (Tons) (USD Million)
    • 5.6. Pharmaceutical
      • 5.6.1. Global succinic acid market for pharmaceutical, 2014 – 2020 (Tons) (USD Million)
    • 5.7. Polyurethane
      • 5.7.1. Global succinic acid market for polyurethane, 2014 – 2020 (Tons) (USD Million)
    • 5.8. Food
      • 5.8.1. Global succinic acid market for food, 2014 – 2020 (Tons) (USD Million)
    • 5.9. Plasticizers
      • 5.9.1. Global succinic acid market for plasticizers, 2014 – 2020 (Tons) (USD Million)
    • 5.10. Cosmetics
      • 5.10.1. Global succinic acid market for cosmetics, 2014 – 2020 (Tons) (USD Million)
    • 5.11. Solvents & Lubricants
      • 5.11.1. Global succinic acid market for solvents & lubricants, 2014 – 2020 (Tons) (USD Million)
    • 5.12. De-Icing Solutions
      • 5.12.1. Global succinic acid market for de-icing solutions, 2014 – 2020 (Tons) (USD Million)
  • Chapter 6. Global Succinic Acid Market – Regional Segment Analysis
    • 6.1. Global succinic acid market: Regional overview
      • 6.1.1. Global succinic acid market volume share, by region, 2014 and 2020
    • 6.2. North America
      • 6.2.1. North America succinic acid market volume, by application, 2014 – 2020 ( Tons)
      • 6.2.2. North America succinic acid market revenue, by application, 2014 – 2020 (USD Million)
      • 6.2.3. U.S.
        • 6.2.3.1. U.S. succinic acid market volume, by application, 2014 – 2020 ( Tons)
        • 6.2.3.2. U.S. succinic acid market revenue, by application, 2014 – 2020 (USD Million)
    • 6.3. Europe
      • 6.3.1. Europe succinic acid market volume, by application, 2014 – 2020 ( Tons)
      • 6.3.2. Europe succinic acid market revenue, by application, 2014 – 2020 (USD Million)
      • 6.3.3. Germany
        • 6.3.3.1. Germany succinic acid market volume, by application, 2014 – 2020, ( Tons)
        • 6.3.3.2. Germany succinic acid market revenue, by application, 2014 – 2020, (USD Million)
      • 6.3.4. France
        • 6.3.4.1. France succinic acid market volume, by application, 2014 – 2020, ( Tons)
        • 6.3.4.2. France succinic acid market revenue, by application, 2014 – 2020, (USD Million)
      • 6.3.5. UK
        • 6.3.5.1. UK succinic acid market volume, by application, 2014 – 2020 ( Tons)
        • 6.3.5.2. UK succinic acid market revenue, by application, 2014 – 2020 (USD Million)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific succinic acid market volume, by application, 2014 – 2020, ( Tons)
      • 6.4.2. Asia Pacific succinic acid market revenue, by application, 2014 – 2020, (USD Million)
      • 6.4.3. China
        • 6.4.3.1. China succinic acid market volume, by application, 2014 – 2020 ( Tons)
        • 6.4.3.2. China succinic acid market revenue, by application, 2014 – 2020 (USD Million)
      • 6.4.4. Japan
        • 6.4.4.1. Japan succinic acid market volume, by application, 2014 – 2020 ( Tons)
        • 6.4.4.2. Japan succinic acid market revenue, by application, 2014 – 2020 (USD Million)
      • 6.4.5. India
        • 6.4.5.1. India succinic acid market volume, by application, 2014 – 2020 ( Tons)
        • 6.4.5.2. India succinic acid market revenue, by application, 2014 – 2020 (USD Million)
    • 6.5. Latin America
      • 6.5.1. Latin America succinic acid market volume, by application, 2014 – 2020 ( Tons)
      • 6.5.2. Latin America succinic acid market revenue, by application, 2014 – 2020 (USD Million)
      • 6.5.3. Brazil
        • 6.5.3.1. Brazil succinic acid market volume, by application, 2014 – 2020 ( Tons)
        • 6.5.3.2. Brazil succinic acid market revenue, by application, 2014 – 2020 (USD Million)
    • 6.6. Middle East and Africa
      • 6.6.1. Middle East and Africa succinic acid market volume, by application, 2014 – 2020 ( Tons)
      • 6.6.2. Middle East and Africa succinic acid market revenue, by application, 2014 – 2020 (USD Million)
  • Chapter 7. Company Profile
    • 7.1. BioAmber Inc
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. Mitsui & Co. Ltd
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Kawasaki Kasei Chemicals Ltd
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. Mitsubishi Chemical Corporation
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. PTT Global Chemical Public Co. Ltd
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. Nippon Shokubai Co. Ltd
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. BASF SE
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. Gadiv Petrochemical industries ltd
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Myriant Corporation
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments
    • 7.10. DSM N.V.
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product portfolio
      • 7.10.4. Business strategy
      • 7.10.5. Recent developments

List of Tables

1. Succinic acid market: Market snapshot
2. Drivers of global succinic acid market: Impact analysis
3. Restraints of global succinic acid market: Impact analysis  
4. North America succinic acid market volume, by application, 2014 - 2020 (Tons)
5. North America succinic acid market revenue, by application, 2014 - 2020 (USD Million)
6. U.S. succinic acid market volume, by application, 2014 - 2020 (Tons)
7. U.S. succinic acid market revenue, by application, 2014 - 2020 (USD Million)
8. Europe succinic acid market volume, by application, 2014 - 2020 (Tons)
9. Europe succinic acid market revenue, by application, 2014 - 2020 (USD Million)
10. Germany succinic acid market volume, by application, 2014 - 2020 (Tons)
11. Germany succinic acid market revenue, by application, 2014 - 2020 (USD Million)
12. France succinic acid market volume, by application, 2014 - 2020 (Tons)
13. France succinic acid market revenue, by application, 2014 - 2020 (USD Million)
14. UK succinic acid market volume, by application, 2014 - 2020 (Tons)
15. UK succinic acid market revenue, by application, 2014 - 2020 (USD Million)
16. Asia Pacific succinic acid market volume, by application, 2014 - 2020 (Tons)
17. Asia Pacific succinic acid market revenue, by application, 2014 - 2020 (USD Million)
18. China succinic acid market volume, by application, 2014 - 2020 (Tons)
19. China succinic acid market revenue, by application, 2014 - 2020 (USD Million)
20. Japan succinic acid market volume, by application, 2014 - 2020 (Tons)
21. Japan succinic acid market revenue, by application, 2014 - 2020 (USD Million)
22. India succinic acid market volume, by application, 2014 - 2020 (Tons)
23. India succinic acid market revenue, by application, 2014 - 2020 (USD Million)
24. Latin America succinic acid market volume, by application, 2014 - 2020 (Tons)
25. Latin America succinic acid market revenue, by application, 2014 - 2020 (USD Million)
26. Brazil succinic acid market volume, by application, 2014 - 2020 (Tons)
27. Brazil succinic acid market revenue, by application, 2014 - 2020 (USD Million)
28. Middle East and Africa succinic acid market volume, by application, 2014 - 2020 (Tons)
29.  Middle East and Africa succinic acid market revenue, by application, 2014 - 2020 (USD Million)


List of Figures

1. Market research process
2. Market research methodology
3. Global succinic acid market volume and revenue, 2014 - 2020 (Tons) (USD Million)
4. Value chain analysis
5. Global succinic acid market, price trend , 2014 – 2020 (USD/ Tons)
6. Porter’s Five Forces analysis for succinic acid market
7. Succinic acid: Market attractiveness analysis, by application segment
8. Succinic acid: Market attractiveness analysis, by region segment
9. Company market share analysis, 2014
10. Global succinic acid market volume share, by application, 2013 and 2020
11. Global succinic acid market for 1,4-BDO application, 2014-2020(Tons) (USD Million)
12. Global succinic acid market for resin applications, 2014-2020(Tons) (USD Million)
13. Global succinic acid market for coatings applications, 2014-2020(Tons) (USD Million)
14. Global succinic acid market for dyes & inks applications, 2014-2020(Tons) (USD Million)
15. Global succinic acid market for pharmaceutical applications, 2014-2020(Tons) (USD Million)
16. Global succinic acid market for polyurethane applications, 2014-2020(Tons) (USD Million)
17. Global succinic acid market for food applications, 2014-2020(Tons) (USD Million)
18. Global succinic acid market for plasticizers applications, 2014-2020(Tons) (USD Million)
19. Global succinic acid market for cosmetics applications, 2014-2020(Tons) (USD Million)
20. Global succinic acid market for solvents & lubricants applications, 2014-2020(Tons) (USD Million)
21. Global succinic acid market for de-icing solutions applications, 2014-2020(Tons) (USD Million)
22. Global succinic acid market volume share, by region, 2014-2020

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Succinic Acid Market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Succinic Acid Market . The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Succinic acid, also known as amber acid, is a dicarboxylic acid which is widely used in various industries such as pharmaceutical, chemical, and food among others. Succinic acid is a platform chemical. Succinic acid can be manufactured using conventional (crude oil based) method and by bio-based route as well. Presently, large volume of succinic acid is derived from petroleum feedstock and a small amount is produced from fermentation process. Maleic anhydride and N-butane are some of the key raw materials for succinic acid production by conventional method.

Succinic acid is widely used as a building block chemical in the manufacturing of many other chemicals. Succinic acid yields derivatives such as 1,4-butanediol (BDO), gamma-butyrolactone (GBL), and tetrahydrofuran (THF), have high potential for use as solvents and fibers such as lycra. In addition, pyrrolidinones and N-methylpyrrolidinone can also be directly produced from succinic acid manufactured by fermentation. These organic chemicals find high demand in pharmacology. Succinic acid market is expected to witness strong growth owing to increasing demand for its derivatives. Strong demand from Asia Pacific is also expected to fuel growth of succinic acid market owing strong growth prospectus of various end-user industries in the region. However, environmental concerns and fluctuations in raw material prices are expected to be major concerns for the manufacturers of petroleum based succinic acid. On the other hand, bio-based succinic acid manufacturers are expected to face challenges such as high initial investment and high production cost as compared to petroleum based succinic acid. 

Global Succinic Acid Market

1,4-BDO, resin, coatings, dyes & inks, pharmaceutical, polyurethane, food, plasticizers, cosmetics, solvents & lubricants and de-icing solutions are some of the important application markets for succinic acid. With around 20% share in total volume consumed, coatings, resins, dyes, and inks collectively was the largest application market for succinic acid in 2014. Pharmaceutical is also one of the prominent application markets for succinic acid. Pharmaceutical was the second largest application market for succinic and closely followed by polyurethane and 1,4-BDO. 1,4-BDo is expected to exhibit robust growth rate in the years to come. It is mainly used in the production of tetrahydrofuran (THF), polyurethane elastomers, polybutylene terephthalate (PBT), and gamma-butyrolactone.

Europe was a leading regional market for succinic acid in 2014. Asia Pacific and Europe accounted for almost similar share of the total succinic acid volume consumed in 2014. However, Asia Pacific is expected to grow at rapid pace and outperform Europe in succinic acid demand by the end of 2020. This strong growth can be attributed to the rising demand for paints and coatings, polyurethane, 1, 4-BDO in various end-user industries in the region. China, India, Japan and South Korea are major demand driver in the region. However, Europe will keep dominating bio-based succinic acid market all through the forecast period.

Some of the key players in global succinic acid market include BioAmber Inc, Gadiv Petrochemical industries ltd, Kawasaki Kasei Chemicals Ltd, Mitsubishi Chemical Corporation , Mitsui & Co. Ltd , Myriant Corporation , Nippon Shokubai Co. Ltd, PTT Global Chemical Public Co. Ltd , Purac, BASF SE, Reverdia, Roquette Freres S.A and DSM N.V.


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