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Global Succinic Acid and Bio-Succinic acid Market Applications (Food & Beverages, Packaging, Butanediol, Polybutylene Succinate,

Opportunity Analysis, Market Forecast and Winning Strategies, Size, Share, Demand, Geography, Trends 2014-2020

Global Succinic Acid and Bio-Succinic Acid Market – Trends 2014-2020

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TABLE OF CONTENTS

CHAP 1. EXECUTIVE SUMMARY

CHAP 2. MARKET OVERVIEW

2.1. INTRODUCTION

2.2. VALUE CHAIN ANALYSIS

2.2.1. RAW MATERIAL

2.2.2. PRODUCT

2.2.3. MARKETS

2.3. KEY BUYING CRITERIA

2.3.1. OBJECTIVE

2.3.1.1. UTILITY

2.3.1.2. PERSONAL CARE

2.3.1.3. SUBSTITUTE FOR PETROCHEMICAL

2.3.1.4. REPLACEMENT TO PLASTIC AND DERIVATIVES

2.3.1.5. PHARMACEUTICALS

2.3.1.6. FAVORABLE GOVERNMENT POLICIES AND REGULATIONS

2.3.2. PRICE

2.3.3. AVAILABILITY

2.3.4. QUALITY

2.3.5. ENVIRONMENT EFFECTS

2.4. STRATEGIC RECCOMENDATION

2.4.1. INVITING GOVERNMENT FUNDING

2.4.2. INDIA AND ASEAN NATIONS’ MARKET-


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CHAP 3. MARKET MOTIVATORS

3.1. MARKET DRIVERS

3.1.1. GOVERNMENT POLICIES GIVING RISE TO SUCCINIC ACID MARKET

3.1.2. RENEWABLE AND AVAILABILITY OF RAW MATERIALS

3.1.3. RISE IN PETROLEUM PRICES

3.2. RESTRAINTS

3.2.1. HIGH PRICE OF BIO BASED SUCCINIC ACID

3.2.2. COMPETITIVE MARKET

3.2.3. DOSAGE

3.3. OPPORTUNITY

3.3.1. VARIED APPLICATION

3.3.1.1. FOOD AND BEVERAGES

3.3.1.2. PHARMACEUTICALS

3.3.2. EFFECTIVE TREATMENT

3.3.3. GO GREEN INITIATIVE

3.3.4. SUBSTITUTE TO KEY CHEMICALS

3.3.5. BIO-BASED BIODEGRADABLE PLASTIC IN DEMAND

3.3.6. PHARMACEUTICAL USE

3.4. CHALLENGES

3.4.1. HIGH PROCESSING COST

3.4.2. AWARENESS

3.4.3. TIME CONSUMING PROCESS

CHAP 4. MARKET SEGMENTATION

4.1. BY APPLICATION

4.1.1. FOOD & BEVERAGES

4.1.1.1. PRESERVATIVE


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4.1.1.2. SOFTENING AGENT

4.1.1.3. PACKAGING

4.1.2. PHARMACEUTICALS

4.1.2.1. COSMETICS

4.1.2.2. PREPARATION OF DRUGS

4.1.3. INDUSTRIAL APPLICATIONS

4.1.3.1. 1,4- BUTANEDIOL(BDO)

4.1.3.2. PLASTICIZERS

4.1.3.3. PBS (POLYBUTYLENE SUCCINATE)

4.1.3.4. SOLVENTS AND LUBRICANTS

4.1.4. OTHER INDUSTRIAL USE

4.2. BY RAW MATERIAL

4.2.1. PETROCHEMICAL- BASED SUCCINIC ACID

4.2.1.1. MALEIC ANHYDRIDE

4.2.2. BIO-BASED SUCCINIC ACID

4.2.2.1. PRODUCTION FROM CORN

4.2.2.2. PRODUCTION FROM MOLASSES

CHAP 5. ALTERNATIVE MARKET FOR SUCCINIC ACID

5.1. MALEIC ANHYDRIDE (MAN)

CHAP 6. COMPETITIVE INTELLIGENCE

6.1. KEY MARKET STRATEGIES

6.1.1. HIGHLY COMPETITIVE MARKET TRIGGERS INNOVATION –

6.1.2. BUILDING STRONG DISTRIBUTION NETWORK –

6.1.3. COMPANIES FOCUSING ON ASIAN MARKETS (PRODUCTION) AND EUROPEAN

(CONSUMER) MARKETS

6.1.4. COLLABORATIONS AND PARTNERSHIPS

6.1.5. REDUCING CARBON FOOTPRINTS BY ADAPTING ECO FRIENDLY SOLUTIONS


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CHAP 7. MARKET SHARE ANALYSIS

CHAP 8. GEOGRAPHICAL ANALYSIS

8.1. NORTH AMERICA

8.1.1. UNITED STATES OF AMERICA

8.1.1.1. KEY FACTORS AFFECTING THE US MARKET

8.1.1.2. INFRASTRUCTURE CAPABILITIES

8.1.2. CANADA

8.1.2.1. AGRICULTURE

8.1.2.1.1. OPPORTUNITIES

8.2. EUROPE

8.2.1. PRICE OF RAW MATERIAL IS A KEY RESTRAINT FOR SUCCINIC ACID

8.3. ASIA PACIFIC(APAC)

8.3.1. CHINA

8.3.2. INDIA

8.3.3. JAPAN

8.4. ROW

8.4.1. BRAZIL

CHAP 9. CORPORATE PROFILING

9.1. BIOAMBER INC.

9.2. MYRIANT CORPORATION

9.3. BASF SA

9.4. DSM NETHERLANDS

9.5. MITSUI & CO.LTD

9.6. MITSUBISHI CHEMICAL CORPORATION

9.7. PURAC (CARBION NV)


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9.8. REVERDIA (DSM – ROQUETTE)

9.9. GADIV PETROCHEMICAL INDUSTRIES LTD.

9.10. KAWASAKI KASEI CHEMICALS LTD

9.11. NIPPON SHOKUBAI CO.LTD

9.12. PTT GLOBAL CHEMICAL PUBLIC CO.LTD

9.13. ALPHA CHEMIK

9.14. JINAN HUAMING BIOCHEMISTRY CO.,LTD

9.15. FUSO CHEMICAL

9.16. TOKYO CHEMICAL INDUSTRY CO., LTD

9.17. LOBA CHEMIE

9.18. ANQING HEXING CHEMICAL

9.19. LIXING CHEMICAL

9.20. DAIREN CHEMICALS

9.21. LYONDELLBASELL CHEMICALS

9.22. SHANXI SANWEI GROUP

9.23. INTERNATIONAL SPECIALTY PRODUCTS

9.24. INVISTA

9.25. DOW CHEMICAL

9.26. BRASKEM

9.27. AJINOMOTO

9.28. CSM


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TABLE LIST

TABLE # 1 MARKET ESTIMATION FOR SUCCINIC ACID BY APPLICATION IN $MILLION (2014-2020)

TABLE # 2 KEY MOTIVATORS AND RESTRAINT OF DIFFERENT GEOGRAPHIES

TABLE # 3 MARKET ESTIMATION OF GLOBAL SUCCINIC ACID MARKET BY GEOGRAPHY IN $MILLION (2014-2020)

TABLE # 4 MARKET ESTIMATION FOR NORTH AMERICAN SUCCINIC ACID MARKET IN $MILLION (2014-2020)

TABLE # 5 MARKET ESTIMATION FOR EUROPEAN SUCCINIC ACID IN $MILLION (2014-2020)

TABLE # 6 MARKET ESTIMATION FOR APAC SUCCINIC ACID MARKET IN $MILLION (2014-2020)


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FIGURES LIST

FIGURE 1 MARKET ESTIMATION OF GLOBAL SUCCINIC ACID MARKET IN $MILLION (2014-2020)

FIGURE 2 PRODUCTION PROCESS OF SUCCINIC ACID (PETRO AND BIO BASED)

FIGURE 3 KEY BUYING CRITERIA

FIGURE 4 GLOBAL SUCCINIC ACID MARKET BY APPLICATIONS (%) FOR 2014

FIGURE 5 MARKET ESTIMATION OF SUCCINIC ACID FOR FOOD INDUSTRY IN $MILLION (2014-2020)

FIGURE 6 MARKET ESTIMATION OF SUCCINIC ACID FOR PHARMACEUTICAL INDUSTRY IN $MILLION (2014-2020)

FIGURE 7 INDUSTRY APPLICATIONS OF SUCCINIC ACID (%) IN 2014

FIGURE 8 MARKET SHARE OF PLASTICIZERS BY GEOGRAPHY (%) FOR 2013

FIGURE 9 PRODUCTION OF MALEIC ANHYDRIDE BY GEOGRAPHY (2013)

FIGURE 10 ADIPIC ACID MARKET BY APPLICATION.

FIGURE 11 PHTHALIC ACID MARKET BY APPLICATION

FIGURE 12 MARKET SHARE ANALYSIS

FIGURE 13 MARKETESTIMATION OF SUCCINIC ACID FOR NORTH AMERICA IN $MILLION (2014-2020)

FIGURE 14 CORN PRODUCTION IN USA IN MILLION TONS

FIGURE 15 CORN AND WHEAT PRODUCTION IN MILLION TONS

FIGURE 16 WHEAT PRODUCTION IN MILLION TONS

FIGURE 17 MARKET ESTIMATION FOR EUROPEAN SUCCINIC ACID MARKET IN $MILLION (2014-2020)

FIGURE 18 MARKET ESTIMATION FOR BRAZILIAN SUCCINIC ACID MARKET IN $MILLION (2014-2020)


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Chap# 1. INTRODUCTION

Traditionally succinic acid has been produced from petroleum. In recent times, Succinic is

emerging as one of the most competitive bio based chemicals. The US department of energy has

included succinic acid among the top 12 value added bio-based chemicals. Succinic Acid is an

intermediate in many chemical processes and is used in the production of various products in a

fragmented industry that has multiple players in this production process. The market shows a huge

potential of growth depended vastly on the sustainable production of bio-based succinic acid. The

global succinic acid market is poised to grow to nearly $1.3billion by the year 2020.

Succinic acid is a chemical which has a large number of applications ranging from BDO, polymers,

fibres, pharmaceuticals, food, polyurethanes, plasticizers to dyes and coatings. However the major

demand originates from coating, resins, BDO, plasticizers and polyurethanes along with the food

industry. Currently there is very small number of companies producing succinic acid in large

amounts. Most of the companies are small scale and with limited capacity.

Developing countries like China and India are dotting with small scale producers of succinic acid.

FIGURE # 1 PRODUCTION PROCESS OF SUCCINIC ACID (PETRO AND BIO

BASED)

Source: OBRC Analysis

RA

W

MA

TE

RIA

LP

RO

DU

CT

SM

AR

KE

TS

Corn/Molasses/SugarPetroleum

Maleic Anhydrde Fermentation

SUCCINIC ACID

BDO

Polyurethanes

Alkyd Resins Plasticizers

Pharmaceuticals

Foods and Flavors


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There is a high level of growing interest in the applications of bio-based succinic acid for the

production of biodegradable polymers. Environment concerns are leading both consumers and

governments to be more demanding of eco-friendly products. Research and development has been

increasingly focused to make bio-sucinic acid commercially viable. Genetically modified organism,

E.coli is used for converting sugar to succinic acid. The bio based succinic acid is comparatively

costlier than the petrochemicals available in the market, especially now that the price of petroleum

has taken a huge dip. The processing cost is much more than the petrochemicals. It is also due to

the huge investment in setting up the plant and the comparatively less production due to less

demand. However, the demand is increasing gradually and would increase at a faster pace in the

coming 5-10 years.

6

Succinic acid works as an intermediate for many products which includes BDO, polyurethanes,

alkyd resins, plasticizers, pharmaceuticals and food industry. It comes in three grades:

Pharmaceutical grade

Food grade and

Industrial grade

Food and beverage industry is among the leading consumer markets for succinic acid. Succinic acid

is used as flavouring agent, softening agent, preservative, and is used in packaging.

Succinic acid has also come out as an alternative for many industrial chemicals. The industrial

usage of succinic acid includes use in the production of 1, 4 butandiol, plasticizers, polyester polyols

and resins. Maleic anhydride, adipic acid, and phthalic anhydride. These chemicals are used as

building block of various substitutes such as BDO, plasticizers, polyester polyols, and alkyd resins.


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TABLE # 1 MARKET ESTIMATION FOR SUCCINIC ACID BY APPLICATION IN

$MILLION (2013-2020)

Applications 2013 2014 2015 2016 2017 2018 2019 2020 CAGR

BDO

Plasticizer

PBS 35.5

Solvent and

lubricant

Polyols 15.3%

Other industrial

Pharma

Food

Total


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