Post on 30-Dec-2015
description
Global Succinic Acid Market Forecast 2014 – 2020
Occams Business Research & Consulting
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Table of contents
•Introduction•Succinic Acid market Segmentationo By applicationo By Raw materialo By Geography
•Production process and associated market overview•Diacid market (sector Analysis)•Market Determinants • Drivers• Restraints• Challenges • Opportunities
•Market share Analysis•Key Strategies of Market Leaders•Geography Analysis•Market Estimation
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Succinic acid, which is also known as spirit of amber, produced naturally or artificially as a product of cellular metabolism. It is processed in the industries and offered to the market for various applications such as personal care, food and beverages, plasticizers, polymers, resins, medical drugs and so on. The products are considered to be utilitarian in nature. It is estimated that the global Succinic acid market will hit $1.28 billion market in the year 2020 with 711 kilo tones of production.
INTRODUCTION
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Succinic Acid Market Segmentation
Succinic Acid Market
Diacid Market
GeographyNorth America-USA-CanadaEurope-UK-Spain-Germany-Italy-France
Sector analysis to enable holistic analysis of Diacid Acid market.
Exhaustive segmentation & estimations.
APAC-China-Japan-India-Thailand
Source: OBRC Analysis
ApplicationsBDO Plasticizer PBS Solvent and lubricant Polyols Other industrial Pharma Food
Raw MaterialPetroleum basedBio-Based
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Production process and associated market
Source: OBRC Analysis
RAW
M
ATER
IAL
PRO
DUC
TSM
ARK
ETS
Corn/Molasses/SugarPetroleum
Maleic Anhydrde Fermentation
SUCCINIC ACID
BDO
Polyurethanes
Alkyd Resins Plasticizers
Pharmaceuticals
Foods and Flavors
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BDO is the largest and fastest growing segment of Succinic acid market
Over65% of succinic acid is used for industrial applications
Source: OBRC Analysis
Succinic acid application 2013
BDO
Plasticizer
PBS
Solvent and lubricant
Polyols
Other industrial
Pharma
Food
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BDO is the largest and fastest growing segment of Succinic acid market
Over65% of succinic acid is used for industrial applications
Source: OBRC Analysis
BDO
Plasticizer
PBS
Solvent and lubricant
Polyols
Other industrial
Industrial application of succinic acid-2013
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Government Policies giving rise to Bio-Succinic acid marketGovernment regulations have been supporting the application of green chemicals. The U.S. Government encourages the chemical society to use green chemicals engineering principles to develop natural applications for chemicals. Renewable and availability of raw materialsThe bio succinic acid is a natural product, it is renewable and biodegradable. The availability of succinic acid is copious and very common compared to other natural products.
Fluctuating oil price is driving the bio-succinic acid market
Market Determinants – Drivers
Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
HIGH PRICE OF BIO BASED SUCCINIC ACIDThe bio based succinic acid is comparatively costlier than the petrochemicals available in the market. The processing cost is much more than the petrochemicals. COMPETITIVE MARKET (AVAILABILITY OF CLOSE ALTERNATIVES)close alternatives are available in market such as maleic anhydride.
Market Determinants – Restraints
Source: OBRC Analysis
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VARIED APPLICATION
FOOD AND BEVERAGESSuccinic acid is used as an acidity regulator, flavoring agent, in dry gelatine desserts and for preserving chicken and dog food in the food and beverages industry. PHARMACEUTICALSSuccinic acid is used in the preparation of anti inflammatory- erthyrodiol derivatives. It acts as an antidote for toxic substances. It participates in the preparation of Vitamin-A. It is used in the medicines that induce sleepiness. It is used in the medicines of contraception, cancer and so on. GO GREEN INITIATIVE SUBSTITUTE TO KEY CHEMICALSPthalic AnhydrideMaleic anhydrideAdipic Acid
Market Determinants – Opportunities
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING
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Market Share & Key Company Analysis
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING
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Key company Analysis
Key players such as BioAmber/Mitsui, Myraint, succinity and reverdia are expanding their production. BioAmber is the market leader in the succinic acid market in 2014 and expected to remain the leader in the year 2020. In current market more than 60% share is covered by two companies which are BioAmber and Myriant. New biobased product and cost efficient production process are driving the market.
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Geographic Analysis……1
Succinic acid market by geography
Source: OBRC Analysis
28%
34%
31%
7%
20202013
North America
Europe
APAC
ROW
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•Europe is the largest consumer market for Succinic acid – High demand and environmental awareness driving the market in the region however the production cost of Succinic acid is high due to raw material price
•APAC is fastest growing region for Succinic Acid market- Raw material cost and mass population is driving the market in the region. Low Awareness and price sensitive consumer are biggest restraint of Asian Market.
Increase in Awareness Levels Will Enable Quick Growth in Opportunity Markets
Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Region 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGRNorth America xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxAsia Pacific xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxEurope xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxROW xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Global Succinic Acid Market by Geographies
Market Estimation – Sample Tables
Global Succinic acid Market by Applications
Source: OBRC Analysis
Applications 2013 2014 2015 2016 2017 2018 2019 2020 CAGRBDO xxx xxx xxx xxx xxx xxx xxx xxx xxxPlasticizer xxx xxx xxx xxx xxx xxx xxx xxx xxxPBS xxx xxx xxx xxx xxx xxx xxx xxx xxxSolvent and lubricant xxx xxx xxx xxx xxx xxx xxx xxx xxxPolyols xxx xxx xxx xxx xxx xxx xxx xxx xxxOther industrial xxx xxx xxx xxx xxx xxx xxx xxx xxxPharma xxx xxx xxx xxx xxx xxx xxx xxx xxxFood xxx xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx xxx
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Market Estimation contd…
Global Succinic acid Market by Applications
Source: OBRC Analysis
20202013
BDO
Plasticizer
PBS
Solvent and lubricant
Polyols
Other industrial
Pharma
Food
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Market Estimation contd…
•BDO is largest segment of succinic acid market
•BDO is the fastest growing segment in all geography with over 35% CAGR from the year 2014 to 2020.
For More Information Please Click - Global Succinic Acid and Bio-Succinic acid Market- Applications (Food & Beverages, Packaging, Butanediol, Polybutylene Succinate, Opportunity Analysis, Market Forecast and Winning Strategies, Size, Share, Demand, Geography, Trends 2014-2020
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