France Bio Succinic Acid Market Trends, Size, Forecast - 2019-2025

The France bio succinic acid market is estimated to grow at a significant growth rate of 23.0% over the forecast period from $13.0 million in 2018. The country has a widespread application base for bio-succinic acid. Due to stringent government policies to curb the pollution and pressure from international organizations for eco-friendly and decomposable products for packaging and other applications, the demand for bio-succinic acid as an alternative in plastic has increased substantially. Thus, investments in the chemical industry is likely to create opportunities for market growth. In addition, the presence of the players is also supporting the growth of the regional market. For instance, ROQUETTE FRERES SA, a France based company engaged in the manufacturing of bio-succinic acid especially for skincare in cosmetics applications. The company offers BIOSUCCINIUM succinic acid, and Beauté by Roquette SA 130 with its various properties and functions in actives and actives enhancers, anti-acne, and peeling agent exfoliator.

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The France market of bio-succinic acid is segmented on the basis of applications and raw-materials. Bio-succinic acid has been extensively used in the chemical industry. On the basis of application, the market is further classified into chemical industry, pharmaceutical industry, food & beverage industry, and others. Chemical industry is further broadly classified into 1,4-Butanediol (BDO), plasticizers, polybutylene succinate (PBS), solvent and lubricant, and polyols. Chemical industry dominated the global bio succinic acid market in 2018 and is estimated to follow the same trend over the forecast period. This is due to large demand for bio succinic acid for the production of 1,4-BDO, PBS and other polymers. As per OMR analysis, global BDO production industry takes around 55.0% of the total bio succinic acid in terms of revenue in 2018.

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Market Segmentation

By Application

• Chemical Industry

• Pharmaceutical Industry

• Food & Beverage Industry

• Others (Cosmetic Industry)

By Raw Material

• Corn

• Sugarcane

• Cassava

• Others (Coffee Husk)

Company Profiles

• Anqing Hexing Chemical Co., Ltd.

• BASF SE

• Corbion N.V.

• Jin Hui Zhao Long High-Tech Co., Ltd.

• LCY Chemical Corp.

• Merck KGaA

• Mitsubishi Chemical Corp.

• Reverdia V.O.F.

• Roquette Freres SA

• Shandong Landian Biological Technology Co., Ltd.

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Orion Market Research (OMR) is a market research company that endeavors to provide exclusive blend of qualitative and quantitative market research reports to global clients.