Bio-succinic Acid Market
Bio-succinic Acid Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Bio-succinic Acid Market Size and Growth
The global bio-succinic acid market is projected to grow at a CAGR of 25% during the forecast period 2021-2026. The market size is estimated to reach $180 million by 2026, driven by increasing demand for sustainable alternatives in various industries such as pharmaceuticals, food and beverage, and agriculture. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Mitsubishi Chemical
◍ Mitsui
◍ DSM
◍ Myriant
◍ Reverdia
◍ Corbion
The competitive landscape of the bio-succinic acid market includes key players such as BASF, Mitsubishi Chemical, Mitsui, DSM, Myriant, Reverdia, and Corbion. These companies leverage bio-succinic acid for applications in various industries such as chemicals, coatings, pharmaceuticals, and plastics, driving market growth. Companies like Mitsui and DSM have reported sales revenue figures of $10 billion and $9 billion, respectively.
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Market Segmentation
By Application
◍ Polyurethanes
◍ Resins, Pigments & Coatings
◍ Pharmaceuticals
◍ PBS/PBST
◍ Food & Beverage
◍ Plasticizers
◍ Personal Care
◍ Solvents & Lubricants
◍ De-icer Solutions
By Product
◍ Bio-Based
◍ Petro-Based
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Market Growth
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$ X Billion USD
