global succinic acid & bio-succinic acid market | industry analysis | market forecast 2014-2020
TRANSCRIPT
1
Global Succinic Acid Market Forecast 2014 – 2020
Occams Business Research & Consulting
2
Table of contents
•Introduction
•Succinic Acid market Segmentation
oBy application
oBy Raw material
oBy Geography
•Production process and associated market overview
•Diacid market (sector Analysis)
•Market Determinants
•Drivers
•Restraints
•Challenges
•Opportunities
•Market share Analysis
•Key Strategies of Market Leaders
•Geography Analysis
•Market Estimation
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
Succinic acid, which is also known as spirit of amber, produced naturally or artificially as a product of cellular metabolism. It is processed in the industries and offered to the market for various applications such as personal care, food and beverages, plasticizers, polymers, resins, medical drugs and so on. The products are considered to be utilitarian in nature. It is estimated that the global Succinic acid market will hit $1.28 billion market in the year 2020 with 711 kilo tones of production.
3
INTRODUCTION
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
Succinic Acid Market Segmentation
Succinic Acid Market
Diacid Market
Geography
North America-USA-CanadaEurope-UK-Spain-Germany-Italy-France
Sector analysis to enable holistic
analysis of Diacid Acid market.
Exhaustive segmentation &
estimations.
APAC-China-Japan-India-Thailand
Source: OBRC Analysis
ApplicationsBDO PlasticizerPBS
Solvent and lubricantPolyols
Other industrial PharmaFood
Raw MaterialPetroleum basedBio-Based
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
5
Production process and associated market
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
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
6
BDO is the largest and fastest growing segment of Succinic acid market
Over65% of succinic acid is used for industrial applications
Source: OBRC Analysis
Succinic acid application 2013
BDO
Plasticizer
PBS
Solvent and lubricant
Polyols
Other industrial
Pharma
Food
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
7
BDO is the largest and fastest growing segment of Succinic acid market
Over65% of succinic acid is used for industrial applications
Source: OBRC Analysis
BDO
Plasticizer
PBS
Solvent and lubricant
Polyols
Other industrial
Industrial application of succinic acid-2013
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
Government Policies giving rise to Bio-Succinic acid market
Government regulations have been supporting the application of green chemicals. The U.S. Government encourages the chemical society to use green chemicals engineering principles to develop natural applications for chemicals.
Renewable and availability of raw materials
The bio succinic acid is a natural product, it is renewable and biodegradable. The availability of succinic acid is copious and very common compared to other natural products.
Fluctuating oil price is driving the bio-succinic acid market
8
Market Determinants – Drivers
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
HIGH PRICE OF BIO BASED SUCCINIC ACID
The bio based succinic acid is comparatively costlier than the petrochemicals available in the market. The processing cost is much more than the petrochemicals.
COMPETITIVE MARKET (AVAILABILITY OF CLOSE ALTERNATIVES)
close alternatives are available in market such as maleic anhydride.
9
Market Determinants – Restraints
Source: OBRC Analysis
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
VARIED APPLICATION
FOOD AND BEVERAGES
Succinic acid is used as an acidity regulator, flavoring agent, in dry gelatinedesserts and for preserving chicken and dog food in the food and beverages industry. PHARMACEUTICALS
Succinic acid is used in the preparation of anti inflammatory- erthyrodiolderivatives. It acts as an antidote for toxic substances. It participates in the preparation of Vitamin-A. It is used in the medicines that induce sleepiness. It is used in the medicines of contraception, cancer and so on. GO GREEN INITIATIVE SUBSTITUTE TO KEY CHEMICALS
Pthalic AnhydrideMaleic anhydrideAdipic Acid
10
Market Determinants – Opportunities
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
11
Market Share & Key Company Analysis
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
12
Key company Analysis
Key players such as BioAmber/Mitsui, Myraint, succinityand reverdia are expanding their production. BioAmberis the market leader in the succinic acid market in 2014 and expected to remain the leader in the year 2020. In current market more than 60% share is covered by two companies which are BioAmber and Myriant. New biobased product and cost efficient production process are driving the market.
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
13
Geographic Analysis……1
Succinic acid market by geography
Source: OBRC Analysis
28%
34%
31%
7%
20202013
North America
Europe
APAC
ROW
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
14
•Europe is the largest consumer market for Succinic acid – Highdemand and environmental awareness driving the market in the regionhowever the production cost of Succinic acid is high due to rawmaterial price
•APAC is fastest growing region for Succinic Acid market- Raw materialcost and mass population is driving the market in the region. LowAwareness and price sensitive consumer are biggest restraint of AsianMarket.
Increase in Awareness Levels Will Enable Quick Growth in Opportunity Markets
Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
15
Region 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGR
North
America xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Asia
Pacific xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Europe xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
ROW xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Total xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Global Succinic Acid Market by Geographies
Market Estimation – Sample Tables
Global Succinic acid Market by Applications
Source: OBRC Analysis
Applications 2013 2014 2015 2016 2017 2018 2019 2020 CAGRBDO xxx xxx xxx xxx xxx xxx xxx xxx xxxPlasticizer xxx xxx xxx xxx xxx xxx xxx xxx xxxPBS xxx xxx xxx xxx xxx xxx xxx xxx xxxSolvent and lubricant xxx xxx xxx xxx xxx xxx xxx xxx xxxPolyols xxx xxx xxx xxx xxx xxx xxx xxx xxxOther industrial xxx xxx xxx xxx xxx xxx xxx xxx xxxPharma xxx xxx xxx xxx xxx xxx xxx xxx xxxFood xxx xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx xxx
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
16
Market Estimation contd…
Global Succinic acid Market by Applications
Source: OBRC Analysis
20202013
BDO
Plasticizer
PBS
Solvent and lubricant
Polyols
Other industrial
Pharma
Food
OCCAMS BUSINESS RESEARCH & CONSULTING
PVT. LTD.
17
Market Estimation contd…
•BDO is largest segment of succinic acid market
•BDO is the fastest growing segment in all geography with over35% CAGR from the year 2014 to 2020.
For More Information Please Click - Global Succinic Acid andBio-Succinic acid Market- Applications (Food & Beverages,Packaging, Butanediol, Polybutylene Succinate, OpportunityAnalysis, Market Forecast and Winning Strategies, Size,Share, Demand, Geography, Trends & Forecast 2015-2021
OCCAMS BUSINESS RESEARCH & CONSULTING PVT.
LTD.
Upcoming Reports
Contact:
Occams Business Research & Consulting
1C-603, Versova Trishul CHS Ltd. Andheri West Mumbai 400 061, India
Phone: (+91) 98 505 53315
Email: [email protected]
18
OBRC
•Global Petrochemicals & Polymers Market Size, Share, Growth, Trends And Forecast 2015 –2021
•Global Polyurethane Market, Size, Share, Growth, Trends and Forecast 2015 – 2021
. PLA Market Forecasts 2015-2021
•Global Bio-based Polyethylene Terephthalate (PET) Market 2015-2021
Global Polyolefins Market By Application Packaging, Automobile, Electronics, Agriculture, Overview, Trends, Growth, Future, Opportunities, Challenges, Segmentation, Trends & Forecast 2015-2021