Global Bio-Succinic Acid Market

May 2020| VMR2138A| Verified Market Research

Report Highlights

Bio-Succinic Acid Market Size And Forecast

According to Verified Market Research, Global Bio-Succinic Acid Market is expected to grow at a CAGR of 29.06% from 2019 to 2026.

Global Bio-Succinic Acid Market Outlook

The surging demand for BDO and its derivatives in various applications such as pharmaceuticals and engineering plastics is the major factor stimulating the growth of the bio-succinic acid market. In addition, rising awareness regarding the benefits of bio-based chemicals in the packaging and food industry is further expected to fuel the demand. Moreover, the growing scope of application in pigments, lubricants, personal care products, and food colorants is further expected to propel the market growth. However, high product costs along with insufficient feedstock that might hamper the market growth. 

Global Bio-Succinic Acid Market Competitive Landscape 

The Global Bio-Succinic Acid Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BioAmber, Mitsui & Co., Purac, DSM, Mitsubishi Chemical, Roquette Freres SA, Succinity, Myriant, and Reverdia.

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