At present, the global succinic acid market accounts for a valuation of US$ 160.8 million and is estimated to climb to US$ 301.4 million by the end of 2032. Consumption of succinic acid is predicted to increase at 6.5% CAGR from 2022 to 2032.
Succinic acid has non-toxic, antibacterial, and anti-inflammatory characteristics, which are anticipated to increase demand for it during the course of the projection period. The need for succinic acid for treating acne and skin conditions is anticipated to rise as the aforementioned qualities become more and more well-liked.
Dermatologists advise succinic acid for the treatment of acne, hence businesses are concentrating on developing moisturising gels with succinic acid to suit growing demand.
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The Succinic Acid market study describes the current state of the global industry and predicts how it will change in the coming years. We utilize state-of-the-art industrial and digitization solutions to provide our clients cutting-edge, actionable market knowledge. To enhance the reader’s experience, the study begins with a fundamental introduction to succinic acid and its classifications.
This market report improves the revenue impact of businesses across different industries by:
– To provide a framework for analyzing the attractiveness of different succinic acid market products, solutions and technologies. Stakeholder support to identify and provide solutions to key issues affecting market consolidation plans for succinic acid products
– Assessing the impact of changing regulatory dynamics in areas where companies want to increase their presence
Offering insights into promising synergies for top players seeking to maintain a leadership position in the succinic acid market, this book helps leading companies recalibrate their strategies ahead of their competitors and peers. It also provides an understanding of disruptive technology trends to enable a smooth transition for your business.
Introduction of main company
- thyssenkrupp AG
- BASF SE
- rocket brothers
- Kawasaki Kasei Chemicals
- NIPPON SHOKUBAI CO. LTD
- Ernesto Bentos SA
- Spectrum Chemical Manufacturing Corp.
- FUSO CHEMICAL CO., LTD.
- R-Biopharm AG
- ISIM CHEMICAL
- Anhui Sunsing Chemicals Co. Ltd.
- Novomer Inc.
Market dynamics:
The report also provides an in-depth analysis of how market dynamics will change over the coming years within the forecast period. It also provides useful information on key trends affecting the current market environment and encouraging the future of the Succinic Acid industry.
Key Segments Covered in Succinic Acid Industry Research
- Succinic Acid Market by Type :
- Petro-based Succinic Acid
- Bio-based Succinic Acid
- Succinic Acid Market by End Use :
- Sales of Succinic Acid in Industrial Sector
- Coatings
- Food & Beverages
- Demand for Succinic Acid in Cosmetics
- Other End Uses
- Succinic Acid Market by Region :
- North America
- Latin America
- Europe
- APAC
- MEA