Bio-succinic acid is derived from natural resources and is a crucial bio-based chemical for a variety of industrial applications, such as the manufacture of 1,4-butanediol (BDO), polyester polyols, plasticizers, and alkyd resins. It is produced by the fermentation of sugars from different types of biomass such as starch or sugar crops and lignocellulosic materials.
As per the latest market research report published by Technavio, the global bio-succinic acid market will witness a demand of 1,380.49 thousand tonnes during 2019-2023. Get the free sample report below for the detailed information.
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Bio-succinic acid is extensively used in the preparation of solvent-based liquid polyester resins, as it increases the bio-based content of resins, such as polyester, alkyd, and urethane. The volatile content of resins can be reduced by using bio-succinic acid-based solvents.
Bio-succinic acid is used in the synthesis of ultraviolet (UV)-curable acrylates with commercially available bio-based monomers and oil-based acrylic acid. Bio-succinic acid-based coatings are generally used to prevent metal from oxidation (corrosion). It is commonly used to enhance the performance and functionality of powder coating resins.
Hence, increasing use of bio-succinic acid in solvent-based liquid polyester resins is expected to drive the growth of the global bio-succinic acid market at a CAGR of 35.07% during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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