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Succinic Acid Market report categorizes global market by product type, and end-use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Succinic Acid Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
Succinic acid, also known as succinate is present in the tissues of animals and
plants, where it plays a key role in the metabolic process. The name succinic
acid is derived from the Latin ‘succinum’, meaning amber, and earlier it was
also known as "spirit of amber." Succinic acid is either extracted from amber,
manufactured synthetically or prepared through a fermentation process.
Succinic acid is used as a supplement to treat arthritis and other pain as well as
the hot flashes and irritability associated with menopause. Succinic is also used
to some extent in the textile industry for shrink proofing wool and as a modifier
for various processes such as improving dyeing ability of polyester resin,
improving fire resistance, viscosity and stability of caprolactum.
Succinic acid is used to make lacquers, resins, and other coatings as its use
advances the hardness and flexibility of these materials and reduces drying
times compared to similar products that use petrochemicals. It is also used in the
manufacture of adhesives and sealants, dyes, in photography and in the
manufacture of some polyesters. It is used as an additive to regulate acidity in
foods and medicines for humans and animals.
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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.
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pallavi.reddy
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