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World Bio Succinic Acid Market - Opportunities and Forecasts, 2013 - 2020

World Bio Succinic Acid Market - Opportunities and Forecasts, 2013 - 2020
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  • Feb 19, 2014
  • 105 pages
  • Allied Market Research
Abstract
The U.S. Department of Energy (USDOE) considers succinic acid as one among the top twelve chemical building blocks. Succinic acid, as a platform chemical, is growing in demand in various applications. However, consumption of petroleum based succinic acid, as an intermediate, in manufacturing various chemicals, is limited due to its volatility of price and carbon footprints. These concerns led to the discovery of biological manufacturing of succinic acid. The bio succinic acid market is forecast to grow at a significant rate over the next seven years. The major drivers for this growth will be volatility in fossil fuel prices, rise in carbon footprints, and an interest in using locally available raw materials. Furthermore, increasing global demand of green chemicals will trigger its adoption in wide range of applications, especially, in bio plastics, making it a strong platform chemical.

Bio succinic acid is primarily being used as a replacement for petrol based succinic acid in few applications such as solvents and lubricants, de-icer solutions, cosmetics, food and pharma. Furthermore, newer application such as 1,4-Butanediol (BDO), PBS, plasticizers and polyesters polyols market will accelerate the future growth of the market. Additionally, higher cost of crude oil, increase in investments for green chemicals, demand for renewable chemicals, and increase in government support will further boost the growth of the market. However, higher price of bio succinic acid and lengthy extraction processes are primarily restraining the market growth for the next few years. The global bio based succinic acid market is expected to reach market volume of 710.0 kilo tons by 2020, growing at a CAGR of 45.6% during 2013-2020.

Various industrial application markets analyzed in the study includes BDO, polyester polyols, PBS, plasticizers, resins, coatings, & pigments, solvents & lubricants, alkyd resins, and de-icer solutions. The resins, coatings, & pigments market generated maximum revenue in the year 2013. However, seven years down the line, BDO is expected to emerge as the largest application segment. This is largely due to higher consumption of bio succinic acid in the production of BDO, as a replacement of maleic anhydride. It is estimated that 1.2 MT of bio succinic acid is needed to replace 1 MT of maleic anhydride.

Among the four geographic markets, namely North America, Europe, Asia Pacific and RoW; Europe was the largest consumer of bio succinic acid in 2013. Stringent regulations in Europe towards carbon footprints have enabled significant application of bio succinic acid in various chemical manufacturing units. However, Asia Pacific will be the fastest growing market with an expected CAGR of 49.5% during 2013 to 2020.

The major companies profiled in this report include BioAmber, Myraint, DSM, Mitsui & Co, Mitsubishi, BASF, Roquette Frerse S.A, Purac and Reverdia.

bio succinic acidKEY BENEFITS

The report provides in-depth analysis of the current market scenario and offers expected future trends that would assist stakeholders in taking strategic and actionable decisions
Quantitative analysis of the current market and estimations through 2013-2020 in terms of volume (Kilo Tons) and value ($Million)
Analysis of the market factors in various geographic regions and business opportunities presented
Identification of key investment pockets for various applications, services and geographies
Identification of key players and their business performance analysis based on strategies followed by them
Identification of key application segments based on future potential and growth prospects
Top factors that are expected to affect the growth of the market along with impact analysis of such factors
Analysis and evaluation of market trends to provide deep-dive intelligence into every market segment
Competitive analysis to effectively plan and execute business plans
KEY MARKET SEGMENTS

The global bio succinic acid market is segmented on the basis of application and geography.

BY APPLICATION

Industrial Application
1,4-Butanediol (BDO)
Polyester Polyols
PBS
Plasticizers
Solvents & lubricants
Alkyd Resins
Resins, coatings, pigments
De-icer solutions
Food Application
Pharma Application
Cosmetics Application
Others
BY GEOGRAPHY

North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter: 1 INTRODUCTION
1.1 Key benefits
1.2 Key deliverables
1.3 Key Audiences
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models



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Chapter: 2 EXECUTIVE SUMMARY


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Chapter: 3 GLOBAL BIO SUCCINIC ACID MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Bio-succinic acid support reducing carbon footprint and add value proposition as compared to petrol-succinic acid
3.3 Addressable market of bio succinic acid

3.3.1 Maleic Anhydride
3.3.2 Adipic acid
3.3.3 Phthalic anhydride

3.4 Blueprint for commercialization success

3.4.1 Challenges for commercializing bio succinic acid

3.5 Various bio-succinic acid plants with its capacities based in major economies

3.5.1 BioAmber
3.5.2 BASF-PURAC (Succinity)
3.5.3 Reverdia
3.5.4 Myriant

3.6 Market intelligence

3.6.1 Top factors impacting bio succinic acid market
3.6.2 Top winning strategies in the bio succinic acid market
3.6.3 Top investment pockets in bio succinic acid market

3.6.3.1 Bio succinic acid market – By industrial Applications
3.6.3.2 Bio succinic acid market – By Geography

3.7 Value chain analysis
3.8 Raw material analysis

3.8.1 Maize
3.8.2 Wheat
3.8.3 Sugarcane
3.8.4 Tapioca (Cassava)

3.9 Porters five force analysis

3.9.1 Oligopolistic nature of market determines suppliers power
3.9.2 Capital intensive production process possess threat to entrants
3.9.3 Fewer manufacturers of bio succinic acid reduces power of buyers
3.9.4 Adequate supply of bio succinic acid would play a significant role in reducing threat from Substitutes
3.9.5 Degree Of Competition

3.10 Market dynamics

3.10.1 Drivers

3.10.1.1 Higher cost of crude oil
3.10.1.2 Demand for renewable chemicals
3.10.1.3 Increase in addressable market
3.10.1.4 Increase in investments for green chemicals
3.10.1.5 Increase in environmental awareness and government support

3.10.2 Restraints

3.10.2.1 Higher price of bio succinic acid
3.10.2.2 Lengthy extraction processes

3.10.3 Opportunities

3.10.3.1 Growing need for green substitutes
3.10.3.2 Attractive replacements for maleic anhydride, adipic acid and phthalic anhydride
3.10.3.3 Growing demand for bio-based biodegradable plastic

3.11 Market Share Analysis, 2013



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Chapter: 4 GLOBAL BIO SUCCINIC ACID MARKET, BY APPLICATION
4.1 Global Bio succinic acid market volume, by application area (2012-2020, Kilo Ton)

4.1.1 Global Bio succinic acid market value, by application (2012-2020, $Million)

4.2 Industrial Application

4.2.1 Global Bio succinic acid Industrial application market volume, by type (2012-2020, Kilo Ton)
4.2.2 Global Bio based succinic acid industrial application market volume, by geography (2012-2020, Kilo Ton)
4.2.3 Global Bio succinic acid Industrial application market value, by type (2012-2020, $Million)
4.2.4 Global Bio based succinic acid industrial application market value, by geography (2012-2020, $Million)
4.2.5 Global 1,4-Butanediol (BDO) & Derivatives

4.2.5.1 Global 1,4-Butanediol (BDO) market volume, by geography, (2012-2020, Kilo Ton)
4.2.5.2 Global 1,4-Butanediol (BDO) market value, by geography, (2012-2020, $Million)

4.2.6 Polyester polyols

4.2.6.1 Global Polyester Polyols market volume, by geography, (2012-2020, Kilo Ton)
4.2.6.2 Global Polyester Polyols market value, by geography, (2012-2020, $Million)

4.2.7 PBS (Polybutylene succinate)

4.2.7.1 Global PBS market volume, by geography, (2012-2020, Kilo Ton)
4.2.7.2 Global PBS market value, by geography, (2012-2020, $Million)

4.2.8 Plasticizers

4.2.8.1 Global Plasticizers market volume, by geography, (2012-2020, Kilo Ton)
4.2.8.2 Global Plasticizers market value, by geography, (2012-2020, $Million)

4.2.9 De-Icer Solutions

4.2.9.1 Global De-icer solutions market volume, by geography, (2012-2020, Kilo Ton)
4.2.9.2 Global De-icer solutions market value, by geography, (2012-2020, $Million)

4.2.10 Solvent and Lubricant

4.2.10.1 Global Solvents & lubricants market volume, by geography, (2012-2020, Kilo Ton)
4.2.10.2 Global Solvents & lubricants market value, by geography, (2012-2020, $Million)

4.2.11 Resins, Coatings, Pigments, Dyes & Inks

4.2.11.1 Global Resins, coatings, pigments market volume, by geography, (2012-2020, Kilo Ton)
4.2.11.2 Global Resins, coatings, pigments market value, by geography, (2012-2020, $Million)

4.2.12 Alkyd resins (film forming agent in paints and clear coatings)

4.2.12.1 Global Alkyd Resins market volume, by geography, (2012-2020, Kilo Ton)
4.2.12.2 Global Alkyd Resins market value, by geography, (2012-2020, $Million)

4.3 Food Application

4.3.1 Global Food market volume, by geography, (2012-2020, Kilo Ton)
4.3.2 Global Food market value, by geography, (2012-2020, $Million)

4.4 Pharmaceutical Application

4.4.1 Global Pharmaceutical market volume, by geography, (2012-2020, Kilo Ton)
4.4.2 Global Pharmaceutical market value, by geography, (2012-2020, $Million)

4.5 Cosmetics Application

4.5.1 Global Cosmetics market volume, by geography, (2012-2020, Kilo Ton)
4.5.2 Global Cosmetics market value, by geography, (2012-2020, $Million)

4.6 Others

4.6.1 Global Others market volume, by geography, (2012-2020, Kilo Ton)
4.6.2 Global Others market value, by geography, (2012-2020, $Million)



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Chapter: 5 GLOBAL BIO SUCCINIC ACID MARKET, BY GEOGRAPHY
5.1 North America

5.1.1 North America bio succinic acid market volume, (2012-2020, Kilo Ton)
5.1.2 North America bio succinic acid market value, (2012-2020, $Million)

5.2 Europe

5.2.1 Europe bio succinic acid market volume, (2012-2020, Kilo Ton)
5.2.2 Europe bio succinic acid market value, (2012-2020, $Million)

5.3 Asia-Pacific (APAC)

5.3.1 Asia Pacific bio succinic acid market volume, (2012-2020, Kilo Ton)
5.3.2 Asia Pacific bio succinic acid market value, (2012-2020, $Million)

5.4 Rest of the World (RoW)

5.4.1 RoW bio succinic acid market volume, (2012-2020, Kilo Ton)
5.4.2 RoW bio succinic acid market value, (2012-2020, $Million)



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Chapter: 6 COMPANY PROFILE
6.1 BioAmber

6.1.1 Company overview
6.1.2 Company snapshot
6.1.3 Business Performance
6.1.4 Strategic moves and developments

6.1.4.1 Principal Strategies: Partnership
6.1.4.2 Secondary strategies: Product Launch

6.1.5 Swot analysis of BioAmber

6.2 MYRIANT

6.2.1 Company Overview
6.2.2 Company Snapshot
6.2.3 Business performance
6.2.4 Strategic moves and developments

6.2.4.1 Principal Strategies: Agreement/Partnership
6.2.4.2 Other Strategy (Technological innovation)

6.2.5 Swot analysis of Myriant

6.3 DSM

6.3.1 Company Overview
6.3.2 Company Snapshot
6.3.3 Business performance

6.3.4 Strategic moves and developments
6.3.5 Swot analysis of DSM Netherlands

6.4 Mitsui & Co. Ltd

6.4.1 Company Overview
6.4.2 Company snapshot
6.4.3 Business performance
6.4.4 Strategic moves and developments
6.4.5 Swot analysis of Mitsui & Co. Ltd

6.5 Mitsubishi Chemical

6.5.1 Company Overview
6.5.2 Company snapshot
6.5.3 Business performance
6.5.4 Strategic moves and developments
6.5.5 Swot analysis Of Mitsubishi Chemical

6.6 BASF SA

6.6.1 Company Overview
6.6.2 Company snapshot
6.6.3 Business Performance
6.6.4 Strategic moves and developments
6.6.5 Swot analysis Of BASF

6.7 Purac

6.7.1 Company Overview
6.7.2 Company snapshot
6.7.3 Strategic moves and developments
6.7.4 Swot analysis of Purac

6.8 Roquette Freres S.A.

6.8.1 Company Overview
6.8.2 Company snapshot
6.8.3 Strategic moves and developments
6.8.4 Swot analysis of Roquette Frères S.A.,

6.9 Reverdia

6.9.1 Company Overview
6.9.2 Company Snapshot
6.9.3 Strategic moves and developments
6.9.4 Swot analysis of Reverdia

LIST OF TABLES



TABLE 1 GLOBAL BIO SUCCINIC ACID MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 2 GLOBAL BIO SUCCINIC ACID MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 3 GREENHOUSE GAS EMISSION (GHG) IN PRODUCTION (KG CO2E/KG SUCCINIC ACID)
TABLE 4 ENERGY USED (MJ/KG SUCCINIC ACID)
TABLE 5 GLOBAL BIO SUCCINIC ACID MARKET VOLUME, BY APPLICATION (2012-2020, KILO TON)
TABLE 6 GLOBAL BIO SUCCINIC ACID MARKET VALUE, BY APPLICATION (2012-2020, $MILLION)
TABLE 7 GLOBAL BIO SUCCINIC ACIDINDUSTRIAL APPLICATION MARKET VOLUME, BY TYPE (2012-2020, KILO TON)
TABLE 8 GLOBAL BIO BASED SUCCINIC ACID INDUSTRIAL APPLICATION MARKET VOLUME, BY GEOGRAPHY (2012-2020, KILO TON)
TABLE 9 GLOBAL BIO SUCCINIC ACIDINDUSTRIAL APPLICATION MARKET VALUE, BY TYPE (2012-2020, $MILLION)
TABLE 10 GLOBAL BIO BASED SUCCINIC ACID INDUSTRIAL APPLICATION MARKET VALUE, BY GEOGRAPHY (2012-2020, $MILLION)
TABLE 11 BUTANEDIOL & DERIVATIVES APPLICATION AREAS
TABLE 12 GLOBAL 1,4-BUTANEDIOL (BDO) MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 13 GLOBAL 1,4-BUTANEDIOL (BDO) MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 14 GLOBAL POLYESTER POLYOLS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 15 GLOBAL POLYESTER POLYOLS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 16 GLOBAL PBS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 17 GLOBAL PBS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 18 GLOBAL PLASTICIZERS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 19 GLOBAL PLASTICIZERS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 20 GLOBAL DE-ICER SOLUTIONS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 21 GLOBAL DE-ICER SOLUTIONS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 22 GLOBAL SOLVENTS & LUBRICANTS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 23 GLOBAL SOLVENTS & LUBRICANTS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 24 GLOBAL RESINS, COATINGS, PIGMENTS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 25 GLOBAL RESINS, COATINGS, PIGMENTS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 26 GLOBAL ALKYD RESINS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 27 GLOBAL ALKYD RESINS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 28 GLOBAL FOOD MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 29 GLOBAL FOOD MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 30 GLOBAL PHARMACEUTICAL MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 31 GLOBAL PHARMACEUTICAL MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 32 GLOBAL COSMETICS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 33 GLOBAL COSMETICS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 34 GLOBAL OTHERS MARKET VOLUME, BY GEOGRAPHY, (2012-2020, KILO TON)
TABLE 35 GLOBAL OTHERS MARKET VALUE, BY GEOGRAPHY, (2012-2020, $MILLION)
TABLE 36 BIOAMBER SNAPSHOT
TABLE 37 MYRAINT SNAPSHOT
TABLE 38 DSM SNAPSHOT
TABLE 39 MITSUI & CO SNAPSHOT
TABLE 40 MITSUBISHI SNAPSHOT
TABLE 41 BASF SA SANPSHOT
TABLE 42 PURAC SNAPSHOT
TABLE 43 ROQUETTE FRERSE S.A SNAPSHOT
TABLE 44 REVERDIA SNAPSHOT



LIST OF FIGURES

FIG. 1 GLOBAL CONSUMPTION OF MALEIC ANHYDRIDE IN VARIOUS APPLICATION AREAS, 2011
FIG. 2 GLOBAL CONSUMPTION OF ADIPIC ACID IN VARIOUS APPLICATION AREAS, 2011
FIG. 3 GLOBAL CONSUMPTION OF PHTHALIC ANHYDRIDE IN VARIOUS APPLICATION AREAS, 2011
FIG. 4 BLUE PRINT FOR COMMERCIALIZATION
FIG. 5 BIO SUCCINIC ACID PLANT CAPACITIES IN METRIC TON IN 2013
FIG. 6 PLANNED DEVELOPMENT OF BIO SUCCINIC ACID CAPACITIES BY GEOGRAPHY (2011-2015)
FIG. 7 TOP FACTORS IMPACTING BIO SUCCINIC ACID MARKET
FIG. 8 TOP WINNING PARTNERSHIP STRATEGIES IN THE BIO SUCCINIC ACID MARKET, BY YEAR
FIG. 9 TOP WINNING PARTNERSHIP STRATEGIES IN THE BIO SUCCINIC ACID MARKET
FIG. 10 TOP INVESTMENT POCKETS IN BIO SUCCINIC ACID INDUSTRIAL APPLICATIONS MARKET
FIG. 11 TOP INVESTMENT POCKETS IN BIO SUCCINIC ACID GEOGRAPHY MARKET
FIG. 12 VALUE CHAIN ANALYSIS
FIG. 13 WORLD LARGEST WHEAT PRODUCING COUNTRIES (2012)
FIG. 14 GLOBAL APPLICATION OF TAPIOCA IN 2012
FIG. 15 PORTER’S FIVE FORCES ANALYSIS
FIG. 16 VITAL FACTORS INFLUENCING ADOPTION OF BIO SUCCINIC ACID
FIG. 17 MARKET SHARE ANALYSIS, 2013
FIG. 18 EMERGING MARKETS FOR BIO SUCCINIC ACID
FIG. 19 WORLD CONSUMPTION OF BUTANEDIOL (2009 AND 2014)
FIG. 20 WORLDWIDE CONSUMPTION OF AROMATIC POLYESTER POLYOLS, BY GEOGRAPHY, 2012, TONS
FIG. 21 WORLDWIDE CONSUMPTION OF ALIPHATIC POLYESTER POLYOLS, BY GEOGRAPHY, 2012, TONS
FIG. 22 GLOBAL PLASTICIZERS CONSUMPTION IN 2011
FIG. 23 NORTH AMERICA BIO SUCCINIC ACID MARKET VOLUME, (2012-2020, KILO TON)
FIG. 24 NORTH AMERICA BIO SUCCINIC ACID MARKET VALUE, (2012-2020, $MILLION)
FIG. 25 EUROPE BIO SUCCINIC ACID MARKET VOLUME, (2012-2020, KILO TON)
FIG. 26 EUROPE BIO SUCCINIC ACID MARKET VALUE, (2012-2020, $MILLION)
FIG. 27 ASIA PACIFIC BIO SUCCINIC ACID MARKET VOLUME, (2012-2020, KILO TON)
FIG. 28 ASIA PACIFIC BIO SUCCINIC ACID MARKET VALUE, (2012-2020, $MILLION)
FIG. 29 ROW BIO SUCCINIC ACID MARKET VOLUME, (2012-2020, KILO TON)
FIG. 30 ROW BIO SUCCINIC ACID MARKET VALUE, (2012-2020, $MILLION)
FIG. 31 SWOT ANALYSIS OF BIOAMBER
FIG. 32 SWOT ANALYSIS OF MYRIANT
FIG. 33 SWOT ANALYSIS OF DSM NETHERLANDS
FIG. 34 SWOT ANALYSIS OF MITSUI & CO. LTD
FIG. 35 SWOT ANALYSIS OF MITSUBISHI CHEMICAL
FIG. 36 FINANCIAL REVENUES BY GEOGRAPHY (2013)
FIG. 37 SWOT ANALYSIS OF BASF
FIG. 38 SWOT ANALYSIS OF PURAC
FIG. 39 SWOT ANALYSIS OF ROQUETTE FRÈRES S.A.,
FIG. 40 SWOT ANALYSIS OF REVERDIA
List of Figures
List of Tables
Companies Covered