The Global Bio-succinic Acid Market is expected to grow by USD 1.67 bn during 2020-2024, progressing at a CAGR of 25% during the forecast period
NEW YORK, Oct. 7, 2020 /PRNewswire/ --
Global Bio-succinic Acid Market 2020-2024
The analyst has been monitoring the bio-succinic acid market and it is poised to grow by USD 1.67 bn during 2020-2024, progressing at a CAGR of 25% during the forecast period. Our reports on bio-succinic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Read the full report: https://www.reportlinker.com/p05734230/?utm_source=PRN
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the volatility in crude oil prices and bio-succinic acid as a replacement for adipic acid in polyols. In addition, volatility in crude oil prices is anticipated to boost the growth of the market as well.
The bio-succinic acid market analysis includes application segment and geographical landscapes.
The bio-succinic acid market is segmented as below:
By Application
• BDO
• Polyester polyols
• Plasticizers
• Alkyd resins
• Others
By Geographical Landscapes
• Europe
• North America
• APAC
• South America
• MEA
This study identifies the increasing use of bio-succinic acid in 1,4-butanediol (BDO) production as one of the prime reasons driving the bio-succinic acid market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our bio-succinic acid market covers the following areas:
• Bio-succinic acid market sizing
• Bio-succinic acid market forecast
• Bio-succinic acid market industry analysis
Read the full report: https://www.reportlinker.com/p05734230/?utm_source=PRN
About Reportlinker
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