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Plastic Recycling Market Set for Rapid Growth and Trend, by 2027

Plastic Recycling Market Set for Rapid Growth and Trend, by 2027<br>

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Plastic Recycling Market Set for Rapid Growth and Trend, by 2027

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  1. Plastic Recycling Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2026 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Succinic Acid Market: Overview • In terms of value, the global succinic acid market is anticipated to expand at a CAGR of ~7% from 2019 to 2027. Succinic acid is widely used in various industries such as pharmaceuticals, chemical, and food. • Currently, major proportion of succinic acid is derived from petroleum feedstock Increase in construction and infrastructure development activity is expected to trigger the demand for resin, coating, and polyurethanes, which in turn is expected to drive the growth of the market. • High cost of production associated with the petroleum-based process is the major challenge facing the succinic acid market. However, the cost of production is expected to decline with the advent of bio-derived succinic acid.

  4. Application in Plasticizers and Polyurethanes Drives Succinic Acid Market • Based on application, resins, coatings, and dyes & inks segment accounted for major share of the global succinic acid market in 2018. • This can be ascribed to the application of these in industries such as infrastructure and automotive, which are expanding significantly in Asia Pacific. • However, plasticizers and polyurethanes expected to exhibit significant growth rate during the forecast period. • Elastomers, sealants, coatings, and adhesives are major applications driving the demand for polyurethanes, whereas, Plasticizers are primarily employed as additives in the production of polyvinyl chloride (PVC) making plasticizer highly attractive application segment

  5. Petroleum derived maleic anhydride is the conventional feedstock material used in the manufacture of succinic acid. Price of the conventionally derived succinic acid is vulnerable to any ups and down in petroleum prices. Raw material price has remained a major concern for succinic acid manufacturers. Moreover, growing environmental concern among the end users has resulted in increasing demand for green products. To overcome these restraints, succinic acid manufacturers are gradually shifting towards development and commercialization of bio-based succinic acid. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  6. Some of the prominent vendors operating in the global plastic recycling market  • BASF SE, • AngingHexing Chemical Co.Ltd. • Gadiv Petrochemical Industries Limited • BioAmber, Royal DSM • Kawasaki Kasei Chemicals • Mitsubishi Chemical Corporation • Mitsui & Co.Ltd. • MyriantTechnologies • Nippon Shokubai Co.Ltd • PTT Global Chemical Public Co. Ltd • PuracBiochem. ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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