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Bio-succinic Acid Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio

BDO segment to contribute the largest market share in the bio-succinic acid market

LONDON–(BUSINESS WIRE)–#BiosuccinicAcidMarket–The global bio-succinic acid market to register an incremental growth of USD 1.67 billion, witnessing a CAGR of about 25% during 2020-2024, according to the latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the bio-succinic acid market in optimistic, probable, and pessimistic forecast scenarios.


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The bio-succinic acid market will witness a Neutral and At par impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.

Bio-succinic Acid Market 2020-2024: Vendor Analysis

The market is concentrated. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Bio-succinic Acid market participants are

  • BASF SE
  • Koninklijke DSM NV
  • LCY Chemical Corp.
  • Mitsubishi Chemical Holdings Corp.
  • Mitsui & Co. Ltd.
  • PTT Global Chemical Public Co. Ltd.
  • Roquette Freres SA
  • Shandong LanDian Biological Technology Co. Ltd.

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Bio-succinic Acid Market 2020-2024: Segmentation

Bio-succinic Acid Market is segmented as below:

  • Application

    • BDO
    • Polyester polyols
    • Plasticizers
    • Alkyd resins
    • Others

BDO segment will account for the largest share as they are widely used as a replacement for adipic acid in BDO production.

  • Geography

    • APAC
    • Europe
    • North America
    • South America
    • MEA

Europe region will account for the highest incremental growth during the forecast period due to the growth of the construction, F&B, chemicals, agriculture, and pharmaceutical industries.

The bio-succinic acid market is driven by volatility in crude oil prices and increasing use of bio-succinic acid in 1,4-butanediol (BDO) production, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in the Materials industry.

For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Materials section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • BDO – Market size and forecast 2019-2024
  • Polyester polyols – Market size and forecast 2019-2024
  • Plasticizers – Market size and forecast 2019-2024
  • Alkyd resins – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BASF SE
  • Koninklijke DSM NV
  • LCY Chemical Corp.
  • Mitsubishi Chemical Holdings Corp.
  • Mitsui & Co. Ltd.
  • PTT Global Chemical Public Co. Ltd.
  • Roquette Freres SA
  • Shandong LanDian Biological Technology Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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