ASIA PACIFIC SUCCINIC ACID MARKET FORECAST 2017-2026
KEY FINDINGS
By the end of the forecast period of 2017-2026, the Asia-Pacific succinic acid market is expected to race ahead of all other regional markets with the highest CAGR of 32.18%, generating a total revenue of $ 778.0 million.
MARKET INSIGHTS
In recent years, the Asia-Pacific region has witnessed a robust growth in the bio-based succinic acid market and an increased demand for biodegradable plastics. The region has several advantages in its favor such as – growing government encouragement for bio-based succinic acid market expansion, availability of cheap labor, and plentiful sources of raw materials. The China succinic acid market dominated the Asian-Pacific region in 2016. Also, the Indian market holds much promise and is expected to grow with the highest CAGR during the forecast period.
COMPETITIVE INSIGHTS
Nippon Shokubai Co Ltd, Anhui Sunsing Chemicals Co Ltd, BASF Se, Linyi Lixing Chemical Co Ltd, Anqing Hexing Chemical Co Ltd, Merck Millipore (Merck), Esim Chemicals, Bioamber Inc, Mitsubishi Chemical Corporation, Kawasaki Kasei Chemicals, Reverdia (Dsm – Roquette), Dsm Netherlands, Sigma Aldrich, Mitsui & Co. Ltd, Gadiv Petrochemical Industries Ltd and Myriant Corporation are some of the noted players in this market.
By the end of the forecast period of 2017-2026, the Asia-Pacific succinic acid market is expected to race ahead of all other regional markets with the highest CAGR of 32.18%, generating a total revenue of $ 778.0 million.
MARKET INSIGHTS
In recent years, the Asia-Pacific region has witnessed a robust growth in the bio-based succinic acid market and an increased demand for biodegradable plastics. The region has several advantages in its favor such as – growing government encouragement for bio-based succinic acid market expansion, availability of cheap labor, and plentiful sources of raw materials. The China succinic acid market dominated the Asian-Pacific region in 2016. Also, the Indian market holds much promise and is expected to grow with the highest CAGR during the forecast period.
COMPETITIVE INSIGHTS
Nippon Shokubai Co Ltd, Anhui Sunsing Chemicals Co Ltd, BASF Se, Linyi Lixing Chemical Co Ltd, Anqing Hexing Chemical Co Ltd, Merck Millipore (Merck), Esim Chemicals, Bioamber Inc, Mitsubishi Chemical Corporation, Kawasaki Kasei Chemicals, Reverdia (Dsm – Roquette), Dsm Netherlands, Sigma Aldrich, Mitsui & Co. Ltd, Gadiv Petrochemical Industries Ltd and Myriant Corporation are some of the noted players in this market.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. ROBUST GROWTH IN BIO-BASED SUCCINIC ACID MARKET
3.2.2. INCREASED DEMAND FOR BIODEGRADABLE PLASTICS
3.2.3. ASIA PACIFIC IS EXPECTED TO BE THE MOST PROMISING MARKET
4. MARKET DYNAMICS
4.1. MARKET DEFINITION
4.2. DRIVERS
4.2.1. SUPPORTIVE GOVERNMENT POLICIES GIVING RISE TO SUCCINIC ACID MARKET
4.2.2. AVAILABILITY OF RENEWABLE RAW MATERIALS
4.2.3. RISE IN PETROLEUM PRICES
4.3. RESTRAINTS
4.3.1. HIGH PRICE OF BIO-BASED SUCCINIC ACID
4.3.2. COMPETITIVE RIVALRY
4.4. OPPORTUNITY
4.4.1. VARIED APPLICATIONS
4.4.1.1. FOOD AND BEVERAGES
4.4.1.2. PHARMACEUTICALS
4.4.2. EFFECTIVE TREATMENT
4.4.3. GO GREEN INITIATIVE
4.4.4. SUBSTITUTE FOR KEY CHEMICALS
4.4.5. BIO-BASED BIODEGRADABLE PLASTIC IN DEMAND
4.5. CHALLENGES
4.5.1. HIGH PROCESSING COST
4.5.2. AWARENESS
4.5.3. TIME-CONSUMING PROCESS
5. MARKET BY RAW MATERIALS
5.1. BIO-BASED SUCCINIC ACID
5.1.1. PRODUCTION FROM CORN
5.1.2. PRODUCTION FROM MOLASSES
5.2. PETRO-BASED SUCCINIC ACID
5.2.1. MALEIC ANHYDRIDE
6. MARKET BY APPLICATIONS
6.1. 1,4- BUTANEDIOL (BDO)
6.2. PLASTICIZER
6.3. PBS (POLYBUTYLENE SUCCINATE)
6.4. SOLVENT AND LUBRICANT
6.5. POLYOLS
6.6. OTHER INDUSTRIAL USE
6.7. PHARMA
6.7.1. COSMETICS
6.7.2. PREPARATION OF DRUGS
6.8. FOOD
6.8.1. PRESERVATIVES
6.8.2. SOFTENING AGENT
6.8.3. PACKAGING
7. KEY ANALYTICS
7.1. PORTER’S 5 FORCE ANALYSIS
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. THREAT OF SUBSTITUTE PRODUCTS
7.1.3. BARGAINING POWER OF BUYERS
7.1.4. BARGAINING POWER OF SUPPLIERS
7.1.5. INTENSITY OF COMPETITIVE RIVALRY
7.2. VALUE CHAIN ANALYSIS
7.2.1. RAW MATERIAL
7.2.2. PRODUCT
7.2.3. MARKETS
7.3. KEY BUYING CRITERIA
7.3.1. OBJECTIVE
7.3.1.1. UTILITY
7.3.1.2. PERSONAL CARE
7.3.1.3. SUBSTITUTE FOR PETROCHEMICAL BASED SUCCINIC ACID
7.3.1.4. REPLACEMENT OF PLASTIC AND DERIVATIVES
7.3.1.5. PHARMACEUTICALS
7.3.1.6. FAVORABLE GOVERNMENT POLICIES AND REGULATIONS
7.3.2. PRICE
7.3.3. AVAILABILITY
7.3.4. QUALITY
7.3.5. ENVIRONMENT EFFECTS
7.4. VENDOR LANDSCAPE
7.5. OPPORTUNITY MATRIX
8. GEOGRAPHICAL ANALYSIS
8.1. CHINA
8.2. JAPAN
8.3. INDIA
8.4. THAILAND
8.5. SOUTH KOREA
8.6. REST OF ASIA PACIFIC
9. COMPETITIVE LANDSCAPE
9.1. MARKET SHARE ANALYSIS
9.1.1. BIOAMBER/MITSUI
9.1.2. MYRIANT
9.1.3. SUCCINITY
9.1.4. REVERDIA
9.2. COMPANY PROFILES
9.2.1. BIOAMBER INC.
9.2.2. MYRIANT CORPORATION
9.2.3. BASF SE
9.2.4. DSM NETHERLANDS
9.2.5. MITSUI & CO. LTD
9.2.6. MITSUBISHI CHEMICAL CORPORATION
9.2.7. REVERDIA (DSM – ROQUETTE)
9.2.8. GADIV PETROCHEMICAL INDUSTRIES LTD
9.2.9. KAWASAKI KASEI CHEMICALS
9.2.10. LINYI LIXING CHEMICAL CO LTD
9.2.11. SUCCINITY GMBH
9.2.12. NIPPON SHOKUBAI CO LTD
9.2.13. ANHUI SUNSING CHEMICALS CO LTD
9.2.14. SIGMA ALDRICH
9.2.15. MERCK MILLIPORE (MERCK)
9.2.16. ESIM CHEMICALS
9.2.17. ANQING HEXING CHEMICAL CO LTD
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. ROBUST GROWTH IN BIO-BASED SUCCINIC ACID MARKET
3.2.2. INCREASED DEMAND FOR BIODEGRADABLE PLASTICS
3.2.3. ASIA PACIFIC IS EXPECTED TO BE THE MOST PROMISING MARKET
4. MARKET DYNAMICS
4.1. MARKET DEFINITION
4.2. DRIVERS
4.2.1. SUPPORTIVE GOVERNMENT POLICIES GIVING RISE TO SUCCINIC ACID MARKET
4.2.2. AVAILABILITY OF RENEWABLE RAW MATERIALS
4.2.3. RISE IN PETROLEUM PRICES
4.3. RESTRAINTS
4.3.1. HIGH PRICE OF BIO-BASED SUCCINIC ACID
4.3.2. COMPETITIVE RIVALRY
4.4. OPPORTUNITY
4.4.1. VARIED APPLICATIONS
4.4.1.1. FOOD AND BEVERAGES
4.4.1.2. PHARMACEUTICALS
4.4.2. EFFECTIVE TREATMENT
4.4.3. GO GREEN INITIATIVE
4.4.4. SUBSTITUTE FOR KEY CHEMICALS
4.4.5. BIO-BASED BIODEGRADABLE PLASTIC IN DEMAND
4.5. CHALLENGES
4.5.1. HIGH PROCESSING COST
4.5.2. AWARENESS
4.5.3. TIME-CONSUMING PROCESS
5. MARKET BY RAW MATERIALS
5.1. BIO-BASED SUCCINIC ACID
5.1.1. PRODUCTION FROM CORN
5.1.2. PRODUCTION FROM MOLASSES
5.2. PETRO-BASED SUCCINIC ACID
5.2.1. MALEIC ANHYDRIDE
6. MARKET BY APPLICATIONS
6.1. 1,4- BUTANEDIOL (BDO)
6.2. PLASTICIZER
6.3. PBS (POLYBUTYLENE SUCCINATE)
6.4. SOLVENT AND LUBRICANT
6.5. POLYOLS
6.6. OTHER INDUSTRIAL USE
6.7. PHARMA
6.7.1. COSMETICS
6.7.2. PREPARATION OF DRUGS
6.8. FOOD
6.8.1. PRESERVATIVES
6.8.2. SOFTENING AGENT
6.8.3. PACKAGING
7. KEY ANALYTICS
7.1. PORTER’S 5 FORCE ANALYSIS
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. THREAT OF SUBSTITUTE PRODUCTS
7.1.3. BARGAINING POWER OF BUYERS
7.1.4. BARGAINING POWER OF SUPPLIERS
7.1.5. INTENSITY OF COMPETITIVE RIVALRY
7.2. VALUE CHAIN ANALYSIS
7.2.1. RAW MATERIAL
7.2.2. PRODUCT
7.2.3. MARKETS
7.3. KEY BUYING CRITERIA
7.3.1. OBJECTIVE
7.3.1.1. UTILITY
7.3.1.2. PERSONAL CARE
7.3.1.3. SUBSTITUTE FOR PETROCHEMICAL BASED SUCCINIC ACID
7.3.1.4. REPLACEMENT OF PLASTIC AND DERIVATIVES
7.3.1.5. PHARMACEUTICALS
7.3.1.6. FAVORABLE GOVERNMENT POLICIES AND REGULATIONS
7.3.2. PRICE
7.3.3. AVAILABILITY
7.3.4. QUALITY
7.3.5. ENVIRONMENT EFFECTS
7.4. VENDOR LANDSCAPE
7.5. OPPORTUNITY MATRIX
8. GEOGRAPHICAL ANALYSIS
8.1. CHINA
8.2. JAPAN
8.3. INDIA
8.4. THAILAND
8.5. SOUTH KOREA
8.6. REST OF ASIA PACIFIC
9. COMPETITIVE LANDSCAPE
9.1. MARKET SHARE ANALYSIS
9.1.1. BIOAMBER/MITSUI
9.1.2. MYRIANT
9.1.3. SUCCINITY
9.1.4. REVERDIA
9.2. COMPANY PROFILES
9.2.1. BIOAMBER INC.
9.2.2. MYRIANT CORPORATION
9.2.3. BASF SE
9.2.4. DSM NETHERLANDS
9.2.5. MITSUI & CO. LTD
9.2.6. MITSUBISHI CHEMICAL CORPORATION
9.2.7. REVERDIA (DSM – ROQUETTE)
9.2.8. GADIV PETROCHEMICAL INDUSTRIES LTD
9.2.9. KAWASAKI KASEI CHEMICALS
9.2.10. LINYI LIXING CHEMICAL CO LTD
9.2.11. SUCCINITY GMBH
9.2.12. NIPPON SHOKUBAI CO LTD
9.2.13. ANHUI SUNSING CHEMICALS CO LTD
9.2.14. SIGMA ALDRICH
9.2.15. MERCK MILLIPORE (MERCK)
9.2.16. ESIM CHEMICALS
9.2.17. ANQING HEXING CHEMICAL CO LTD
LIST OF TABLES
Table 1 ASIA PACIFIC SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
Table 2 ASIA PACIFIC SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Table 3 ASIA PACIFIC SUCCINIC ACID MARKET BY APPLICATIONS 2017-2026 ($ MILLION)
Table 4 KEY MOTIVATORS AND RESTRAINTS OF DIFFERENT GEOGRAPHIES
Table 5 ASIA PACIFIC SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
Table 1 ASIA PACIFIC SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
Table 2 ASIA PACIFIC SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Table 3 ASIA PACIFIC SUCCINIC ACID MARKET BY APPLICATIONS 2017-2026 ($ MILLION)
Table 4 KEY MOTIVATORS AND RESTRAINTS OF DIFFERENT GEOGRAPHIES
Table 5 ASIA PACIFIC SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
LIST OF FIGURES
Figure 1 ASIA PACIFIC SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Figure 2 ASIA PACIFIC BIO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 3 ASIA PACIFIC PETRO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 4 ASIA PACIFIC 1,4-BUTANEDIOL (BDO) MARKET 2017-2026 ($ MILLION)
Figure 5 ASIA PACIFIC PLASTICIZER MARKET 2017-2026 ($ MILLION)
Figure 6 ASIA PACIFIC PBS MARKET 2017-2026 ($ MILLION)
Figure 7 ASIA PACIFIC SOLVENT AND LUBRICANT MARKET 2017-2026 ($ MILLION)
Figure 8 ASIA PACIFIC POLYOLS MARKET 2017-2026 ($ MILLION)
Figure 9 ASIA PACIFIC OTHER INDUSTRIAL MARKET 2017-2026 ($ MILLION)
Figure 10 ASIA PACIFIC PHARMACEUTICAL MARKET 2017-2026 ($ MILLION)
Figure 11 ASIA PACIFIC FOOD MARKET 2017-2026 ($ MILLION)
Figure 12 CUMULATIVE PRICE CHANGE IN CRUDE OIL, CORN, AND SUGAR
Figure 13 CHINA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 14 JAPAN SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 15 INDIA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 16 THAILAND SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 17 SOUTH KOREA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 18 REST OF ASIA PACIFIC SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 1 ASIA PACIFIC SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Figure 2 ASIA PACIFIC BIO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 3 ASIA PACIFIC PETRO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 4 ASIA PACIFIC 1,4-BUTANEDIOL (BDO) MARKET 2017-2026 ($ MILLION)
Figure 5 ASIA PACIFIC PLASTICIZER MARKET 2017-2026 ($ MILLION)
Figure 6 ASIA PACIFIC PBS MARKET 2017-2026 ($ MILLION)
Figure 7 ASIA PACIFIC SOLVENT AND LUBRICANT MARKET 2017-2026 ($ MILLION)
Figure 8 ASIA PACIFIC POLYOLS MARKET 2017-2026 ($ MILLION)
Figure 9 ASIA PACIFIC OTHER INDUSTRIAL MARKET 2017-2026 ($ MILLION)
Figure 10 ASIA PACIFIC PHARMACEUTICAL MARKET 2017-2026 ($ MILLION)
Figure 11 ASIA PACIFIC FOOD MARKET 2017-2026 ($ MILLION)
Figure 12 CUMULATIVE PRICE CHANGE IN CRUDE OIL, CORN, AND SUGAR
Figure 13 CHINA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 14 JAPAN SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 15 INDIA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 16 THAILAND SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 17 SOUTH KOREA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 18 REST OF ASIA PACIFIC SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
