Succinic Acid Market-Global Trends

1. MarketsandMarkets Presents Global Succinic Acid Market worth $496.0 Million by 2016 http://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html

2. The report “Succinic Acid Market by Applications & Geography - Global Trends & Forecasts (2011-2016)” defines and segments the global succinic acid market with analysis and forecasting of the global volume and revenue for succinic acid. • It also identifies driving and restraining factors for the global succinic acid market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. • Global Succinic Acid Market is expected to reach $496.0 Million by 2016, growing at a CAGR Of 18.7% from 2011 to 2016. • Browse >> • 50 market data tables/figures • 209 pages and in-depth TOC on “Succinic Acid Market” • http://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html • Early buyers will receive 10% customization on this report.

3. Succinicacid is widely employed in chemical, pharmaceutical, food, and agricultural industries. • These rapidly growing industrial markets for succinic acid are expected to boost the demand for succinic acid. • Succinicacid yields derivatives such as 1,4-butanediol (BDO), gamma-butyrolactone (GBL), and tetrahydrofuran (THF), which have high potential for use as solvents and fibers. • In addition, pyrrolidinones and N-methylpyrrolidinone can also be directly produced from succinic acid manufactured by fermentation. • Increasing popularity of renewable chemicals remain the key driving factors for chemical companies to enter into the production of bio-based succinic acid by using green production process. http://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html

4. In the light of high growth prospects of bio-based succinic acid and achievement of cost effective production of succinic acid by using renewable feedstocks, strong investments and an increasing number of new projects are expected to come up. • Several companies have invested heavily into the development or expansion of existing facilities for bio-based succinic acid. This will result into significant increase in production volume of succinic acid in the near future. • The global succinic acid market in terms of revenue was estimated to be worth $182.8 million in 2010 and is expected to reach $496.0 million by 2016, growing at a CAGR of 18.7% from 2011 to 2016. • Europe and North America dominate the global succinic acid market, together accounting for 66.0% of the global succinic acid demand in 2010. • Asia-Pacific is expected to be the fastest growing market in the near future owing to the rapid advancement and increasing demand from key countries such as China and India. http://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html

5. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html

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