ALBANY, NY - High production costs associated with petroleum-based succinic acid are a key challenge for industry participants, which leads to enhanced focus on the development and commercialization of bio-based succinic acid. However, with the advent of bio-derived succinic acid, the cost of production is expected to decline, which is expected to further fuel the demand for succinic acid globally. Bio-based succinic acid is gaining popularity due to increased government intervention to reduce industrial waste and air pollutants.
A new report released by Market Research Reports, Succinic Acid Market for 1,4-BDO, Resin, Coatings,Lubricants and De-Icing Solutions Applications - Global Industry Analysis, Size, Share, Growth, Trends, looks at the global market for succinic acid.