FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1824
Companies: 38 – Players covered include Anqing He Xing Chemical Corporation Ltd.; BASF Corporation; BioAmber, Inc.; Corbion NV; DowDuPont, Inc.; Kawasaki Kasei Chemicals Ltd.; Koninklijke DSM NV; Mitsui Chemicals, Inc.; Myriant Corporation; Nippon Shokubai Co., Ltd.; PTT Global Chemical Public Company Limited; Reverdia; Roquette; Shandong Lixing Chemical Co., Ltd; Succinity GmbH and Others.
Coverage: All major geographies and key segments
Segments: Application (1,4-Butanediol (BDO), Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Bio-based Succinic Acid Market to Reach $5.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Bio-based Succinic Acid estimated at US$728 Million in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2026, growing at a CAGR of 39.8% over the analysis period. 1,4-Butanediol (BDO), one of the segments analyzed in the report, is projected to record a 39.3% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyester Polyols segment is readjusted to a revised 40.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $327.8 Million in 2021, While China is Forecast to Reach $915.8 Million by 2026
The Bio-based Succinic Acid market in the U.S. is estimated at US$327.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$915.8 Million by the year 2026 trailing a CAGR of 37.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36% and 33.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.

Plasticizers Segment to Reach US$348.8 Million by the year 2026
In the global Plasticizers segment, USA, Canada, Japan, China and Europe will drive the 41.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$33.8 Million in the year 2020 will reach a projected size of US$381.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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