SUCCINIC ACID MARKET ANALYSIS

Leading Companies

Succinic Acid Market Outlook – Increasing Pharmaceutical Applications to be the Major Market Driver  

Various applications of succinic acid in pharmaceutical, inks and dyes are fueling the growth of succinic acid market, especially in Asia Pacific and Middle East regions. Development of bio-based succinic acid for various applications is a key strategy adopted by the major players in the succinic acid market. BioAmber, a leading manufacturer of succinic acid  which has application in the production of industrial lubricants, paints and coatings, cosmetics and personal care products, sealants, adhesives, artificial leathers, food and flavor additives, biodegradable plastics, nylons, dyes & pigments, phthalate-free plasticizers and pharmaceutical compounds. Some of the major companies operating in the global succinic acid market include Mitsubishi Chemical Holdings, Kawasaki Kasei Chemicals Ltd., BioAmber, Myriant , Reverdia (Netherlands), Succinity, Nippon Shokubai, , Linyi Lixing Chemical Co., Ltd, , Anhui Sunsing Chemicals, and Gadiv Petrochemical Industries Ltd.