Zion Research has published a new report titled “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”. According to the report, the global succinic acid market was valued at approximately USD 400.0 million in 2014 and is expected to reach approximately USD 1,000.0 million by 2020, growing at
Succinic acid is an important intermediate chemical witnessing high demand. It is a building-block chemical for producing many specialty and commodity chemicals that are used in a wide range of applications, such as polymers, food, metals, pharmaceutical, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates, and cosmetics. The key application is 1, 4BDO, which accounted for ~17% in terms of value of the global succinic acid market in 2013, followed by plasticizers,resins, coatings, pigmen
The global succinic acid market in terms of revenue was estimated to be worth $182.8 million in 2010 and is expected to reach $496.0 million by 2016, growing at a CAGR of 18.7% from 2011 to 2016.