The global Succinic Acid Market size was robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. One of the key factors driving market revenue growth is increased consumption of the material from industrial applications such as restaurants, clinics, commercial complexes, and others. They are used to cover the inside and outside of buildings, as well as to create ornamental and aesthetic glass mosaics. Porcelain tiles are bits of glass that have been molded into uniform forms. They have grown in popularity as field and accent tiles in recent years. This trend can be linked to recent technological advancements as well as the intrinsic features of tiles, notably their ability to impart strong color and reflect light, as well as their water resistance. These reasons are driving revenue growth of the market during the forecast period.
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Top Leading Players:
- Myriant Corporation
- BASF SE
- Mitsubishi Chemical Corporation
- Reverdia
- Purac Biochem BV
- Anqing Hexing Chemical Co., Ltd.
- Merck KGaA
- ThyssenKrupp AG
- BioAmber Inc.
- Roquette Frères S.A.
Bio-Succinic Acid Growth:
Bio-succinic acid is a type of organic acid that can be produced by microbial fermentation. It is used in a wide range of applications, including the production of biodegradable plastics, solvents, food additives, and personal care products. The market for bio-succinic acid is expected to grow significantly in the coming years, driven by increasing demand for sustainable and environmentally friendly products.
The growth of bio-succinic acid production is largely dependent on the development of efficient and cost-effective fermentation processes. In recent years, there has been significant progress in the development of microbial strains and fermentation technologies for the production of bio-succinic acid.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Segments covered in the report:
By Type Outlook:
- Pure
- Blended
By Application Outlook:
- Polyester Polyols
- Plasticizers
- PBS/PBST
- Solvents Coatings
- Food Beverage
- Pharmaceuticals
- Others
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