NORTH AMERICA SUCCINIC ACID MARKET FORECAST 2017-2026
KEY FINDINGS
The North America succinic acid market is progressing at a considerable pace and is expected to generate a net worth of $563.5 million over the forecast period of 2017-2026, exhibiting a CAGR growth of 26.48%.
MARKET INSIGHTS
U.S and Canada are the markets focused for this region. At present, the U.S market holds a dominant share of the North American succinic acid market. The market mainly relied on the sales of petro-based succinic acid in the past, but with the advent of bio-succinic acid, the region is experiencing a substantial growth. U.S houses some of the top pharmaceutical companies in the world, and since succinic acid is used as a base material for most of the pharmaceutical products, the regional market for succinic acid is witnessing a considerable demand. Corn is an important raw material used for producing succinic acid, and as U.S is the largest producer of corn in the world, it enjoys an added advantage.
COMPETITIVE INSIGHTS
Merck Millipore (Merck), Myriant Corporation, Bioamber Inc, Nippon Shokubai Co Ltd, Sigma Aldrich, BASF Se, Mitsubishi Chemical Corporation, Kawasaki Kasei Chemicals, Esim Chemicals and Mitsui & Co. Ltd are few of the prominent players in the succinic acid market.
The North America succinic acid market is progressing at a considerable pace and is expected to generate a net worth of $563.5 million over the forecast period of 2017-2026, exhibiting a CAGR growth of 26.48%.
MARKET INSIGHTS
U.S and Canada are the markets focused for this region. At present, the U.S market holds a dominant share of the North American succinic acid market. The market mainly relied on the sales of petro-based succinic acid in the past, but with the advent of bio-succinic acid, the region is experiencing a substantial growth. U.S houses some of the top pharmaceutical companies in the world, and since succinic acid is used as a base material for most of the pharmaceutical products, the regional market for succinic acid is witnessing a considerable demand. Corn is an important raw material used for producing succinic acid, and as U.S is the largest producer of corn in the world, it enjoys an added advantage.
COMPETITIVE INSIGHTS
Merck Millipore (Merck), Myriant Corporation, Bioamber Inc, Nippon Shokubai Co Ltd, Sigma Aldrich, BASF Se, Mitsubishi Chemical Corporation, Kawasaki Kasei Chemicals, Esim Chemicals and Mitsui & Co. Ltd are few of the prominent players in the succinic acid 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
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. UNITED STATES
8.2. CANADA
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
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. UNITED STATES
8.2. CANADA
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 NORTH AMERICA SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
Table 2 NORTH AMERICA SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Table 3 NORTH AMERICA SUCCINIC ACID MARKET BY APPLICATIONS 2017-2026 ($ MILLION)
Table 4 KEY MOTIVATORS AND RESTRAINTS OF DIFFERENT GEOGRAPHIES
Table 5 NORTH AMERICA SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
Table 1 NORTH AMERICA SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
Table 2 NORTH AMERICA SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Table 3 NORTH AMERICA SUCCINIC ACID MARKET BY APPLICATIONS 2017-2026 ($ MILLION)
Table 4 KEY MOTIVATORS AND RESTRAINTS OF DIFFERENT GEOGRAPHIES
Table 5 NORTH AMERICA SUCCINIC ACID MARKET BY COUNTRY 2017-2026 ($ MILLION)
LIST OF FIGURES
Figure 1 NORTH AMERICA SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Figure 2 NORTH AMERICA BIO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 3 NORTH AMERICA PETRO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 4 NORTH AMERICA 1,4-BUTANEDIOL (BDO) MARKET 2017-2026 ($ MILLION)
Figure 5 NORTH AMERICA PLASTICIZER MARKET 2017-2026 ($ MILLION)
Figure 6 NORTH AMERICA PBS MARKET 2017-2026 ($ MILLION)
Figure 7 NORTH AMERICA SOLVENT AND LUBRICANT MARKET 2017-2026 ($ MILLION)
Figure 8 NORTH AMERICA POLYOLS MARKET 2017-2026 ($ MILLION)
Figure 9 NORTH AMERICA OTHER INDUSTRIAL MARKET 2017-2026 ($ MILLION)
Figure 10 NORTH AMERICA PHARMACEUTICAL MARKET 2017-2026 ($ MILLION)
Figure 11 NORTH AMERICA FOOD MARKET 2017-2026 ($ MILLION)
Figure 12 CUMULATIVE PRICE CHANGE IN CRUDE OIL, CORN, AND SUGAR
Figure 13 CORN PRODUCTION IN USA (MILLION TONS)
Figure 14 US SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 15 CORN AND WHEAT PRODUCTION IN MILLION TONS
Figure 16 CANADA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 1 NORTH AMERICA SUCCINIC ACID MARKET BY RAW MATERIALS 2017-2026 ($ MILLION)
Figure 2 NORTH AMERICA BIO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 3 NORTH AMERICA PETRO-BASED SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 4 NORTH AMERICA 1,4-BUTANEDIOL (BDO) MARKET 2017-2026 ($ MILLION)
Figure 5 NORTH AMERICA PLASTICIZER MARKET 2017-2026 ($ MILLION)
Figure 6 NORTH AMERICA PBS MARKET 2017-2026 ($ MILLION)
Figure 7 NORTH AMERICA SOLVENT AND LUBRICANT MARKET 2017-2026 ($ MILLION)
Figure 8 NORTH AMERICA POLYOLS MARKET 2017-2026 ($ MILLION)
Figure 9 NORTH AMERICA OTHER INDUSTRIAL MARKET 2017-2026 ($ MILLION)
Figure 10 NORTH AMERICA PHARMACEUTICAL MARKET 2017-2026 ($ MILLION)
Figure 11 NORTH AMERICA FOOD MARKET 2017-2026 ($ MILLION)
Figure 12 CUMULATIVE PRICE CHANGE IN CRUDE OIL, CORN, AND SUGAR
Figure 13 CORN PRODUCTION IN USA (MILLION TONS)
Figure 14 US SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
Figure 15 CORN AND WHEAT PRODUCTION IN MILLION TONS
Figure 16 CANADA SUCCINIC ACID MARKET 2017-2026 ($ MILLION)
