Succinic Acid Market 2022 Analysis, Segmentation, Future Demand And Forecast To 2030
Overview: Succinic acid can be defined as a colorless, water-soluble, and odorless solid. The expansion of the market in terms of succinic acid market volume would depend much on the intake of the product by several sectors that would include food & beverages, pharmaceuticals, cosmetics, and others. The product can be both natural and synthetic and the natural segment is gaining grounds owing to the demand for eco-friendly products from several quarters. The production process would involve the microbial fermentation of glucose using raw material feedstock like sugarcane, wheat, maize, and tapioca. Its application in the manufacturing of industrial solvents, dyes, lacquers, perfumes, alkyd resins, photographic chemicals, metal treatment chemicals, plasticizers, and coatings are creating a succinic acid market demand. The global succinic acid market report, published by Market Research Future (MRFR), declared that the growth can be quite impressive in the coming years between 2022