However, mass production and improvement in production techniques will quickly address the cost viability issue of the bio-succinct acid market” adds Ms. Clark. Moreover, lower volatility of feedstock prices will add to its stable adoption in various application segments. Bio-succinct acid is currently being adopted the most in non-industrial applications such as food, pharmaceuticals and cosmetics. However, BAD is one of the major application segments of bio-succinct acid in terms of volume as well as revenue. This of TFH (tetrahedrons), PET (polyethylene tarantella), and polyurethanes.
Additionally, the larger volume of bio-succinct acid consumed as compared to malefic anhydride for production of BAD will also be the contributory to the growth of bio- succinct acid market. On the other hand, alkyd resins application is the fastest growing segment in terms of volume, growing at a CARR of 93. 6% during 2013-2020. Geographical analysis of the market revealed that Europe is and will continue to be the leading revenue generating regional market till 2020. This is mainly due to strict regulatory imposition on the use of certain hazardous chemicals which pose as a threat to environment and human beings.
Hence, to comply with the requirements, manufacturers are shifting to greener substitutes (bio-succinct acid). Asia Pacific is expected to be the fastest growing market at a CARR of 49. 5% during the analysis period. The report has profiled some of the key players of the market such as Bomber, Martin, ADSM, Mitosis & Co, Mediumistic, BASS, Roquefort Frees S. A. , Purer and Reverend. About Us: Allied Market Research (MAR) is a full-service market research and business consulting wing of Allied Analytics ALP based in Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. MAR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting.
Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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