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Market Research Report

Global Bio-succinic Acid Market 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 317272
Published Content info 120 Pages
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Global Bio-succinic Acid Market 2019-2023
Published: January 30, 2019 Content info: 120 Pages
Description

About this market

The increasing focus on the sustainable use of natural resources, the demand for bio-based or renewable chemicals is rising at a rapid rate. As bio-succinic acid is derived from natural resources, it is used as a replacement for building blocks such as adipic acid and phthalic anhydride, which are used to manufacture compounds such as polyols. The chemical composition of bio-succinic acid is almost similar to adipic acid and exhibits comparable significant characteristics, thereby enabling integration with existing formulations and production process of polyester polyols. The use of bio-succinic acid in the production of polyester polyols increases the renewable content in polyols up to 100%, thereby reducing the environmental impact. Consequently, it reduces the dependency on petroleum raw materials and contributes to sustainability. Technavio's analysts have predicted that the bio-succinic acid market will register a CAGR of over 35% by 2023.

Market Overview

Increasing use of bio- succinic acid in 1,4- butanediol (BDO) production

The increasing use of bio-succinic acid in BDO production. BDO accounts for the largest application segment of the global bio-succinic acid market. With the fluctuating prices of conventional fossil fuel-based raw materials and the increasing focus on technologies that reduce carbon footprint, BDO producers are using renewable bio-based raw materials such as bio-succinic acid for BDO production.

High price of bio-succinic acid

The high price of bio-succinic acid poses a serious challenge to the growth of the market under focus. Although the raw materials used to produce bio-succinic acid are renewable, the high processing cost of succinic acid and lengthy extraction process pose serious challenges to bio-succinic acid producers. The availability of raw feedstocks at competitive prices directly contributes to the total production cost.

For the detailed list of factors that will drive and challenge the growth of the bio-succinic acid market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Table of Contents
Product Code: IRTNTR30749

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • BDO - Market size and forecast 2018-2023
  • Polyester polyols - Market size and forecast 2018-2023
  • Plasticizers - Market size and forecast 2018-2023
  • Alkyd resins - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Shift to biodegradable polymers
  • Rising demand for bio-based plasticizers
  • Increasing use of bio-succinic acid in solvent-based liquid polyester resins

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASF
  • LCY GROUP
  • PTT Global Chemical Public Company
  • Reverdia
  • Shandong Landian Biological Technologies
  • Succinity

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations

List of Exhibits

  • Exhibit 01: Years in consideration
  • Exhibit 02: Global specialty chemicals market
  • Exhibit 03: Segments of global specialty chemicals market
  • Exhibit 04: Market characteristics
  • Exhibit 05: Market segments
  • Exhibit 06: Market definition - Inclusions and exclusions checklist
  • Exhibit 07: Market size 2018
  • Exhibit 08: Global market: Size and forecast 2018-2023 (thousand t)
  • Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 10: Five forces analysis 2018
  • Exhibit 11: Five forces analysis 2023
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2018
  • Exhibit 18: Application - Market share 2018-2023 (%)
  • Exhibit 19: Comparison by application
  • Exhibit 20: BDO - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 21: BDO - Year-over-year growth 2019-2023 (%)
  • Exhibit 22: Polyester polyols - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 23: Polyester polyols - Year-over-year growth 2019-2023 (%)
  • Exhibit 24: Plasticizers - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 25: Plasticizers - Year-over-year growth 2019-2023 (%)
  • Exhibit 26: Alkyd resins - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 27: Alkyd resins - Year-over-year growth 2019-2023 (%)
  • Exhibit 28: Others - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 29: Others - Year-over-year growth 2019-2023 (%)
  • Exhibit 30: Market opportunity by application
  • Exhibit 31: Customer landscape
  • Exhibit 32: Market share by geography 2018-2023 (%)
  • Exhibit 33: Geographic comparison
  • Exhibit 34: Europe - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
  • Exhibit 36: North America - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 37: North America - Year-over-year growth 2019-2023 (%)
  • Exhibit 38: APAC - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 39: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 40: South America - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 41: South America - Year-over-year growth 2019-2023 (%)
  • Exhibit 42: MEA - Market size and forecast 2018-2023 (thousand t)
  • Exhibit 43: MEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 44: Key leading countries
  • Exhibit 45: Market opportunity
  • Exhibit 46: Decision framework
  • Exhibit 47: Crude oil prices 2010-2017 ($ per barrel)
  • Exhibit 48: Impact of drivers and challenges
  • Exhibit 49: Vendor landscape
  • Exhibit 50: Landscape disruption
  • Exhibit 51: Vendors covered
  • Exhibit 52: Vendor classification
  • Exhibit 53: Market positioning of vendors
  • Exhibit 54: BASF - Vendor overview
  • Exhibit 55: BASF - Business segments
  • Exhibit 56: BASF - Organizational developments
  • Exhibit 57: BASF - Geographic focus
  • Exhibit 58: BASF - Segment focus
  • Exhibit 59: BASF - Key offerings
  • Exhibit 60: LCY GROUP - Vendor overview
  • Exhibit 61: LCY GROUP - Business segments
  • Exhibit 62: LCY GROUP - Geographic focus
  • Exhibit 63: LCY GROUP - Segment focus
  • Exhibit 64: LCY GROUP - Key offerings
  • Exhibit 65: PTT Global Chemical Public Company - Vendor overview
  • Exhibit 66: PTT Global Chemical Public Company - Business segments
  • Exhibit 67: PTT Global Chemical Public Company - Organizational developments
  • Exhibit 68: PTT Global Chemical Public Company - Geographic focus
  • Exhibit 69: PTT Global Chemical Public Company - Segment focus
  • Exhibit 70: PTT Global Chemical Public Company - Key offerings
  • Exhibit 71: Reverdia - Vendor overview
  • Exhibit 72: Reverdia - Organizational developments
  • Exhibit 73: Reverdia - Key offerings
  • Exhibit 74: Shandong Landian Biological Technologies - Vendor overview
  • Exhibit 75: Shandong Landian Biological Technologies - Organizational developments
  • Exhibit 76: Shandong Landian Biological Technologies - Key offerings
  • Exhibit 77: Succinity - Vendor overview
  • Exhibit 78: Succinity - Key offerings
  • Exhibit 79: Validation techniques employed for market sizing
  • Exhibit 80: List of abbreviations
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