Succinic Acid Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023

Pages: 151

SKU: IRTNTR75201

Snapshot

The succinic acid (SA) market size is estimated to grow at a CAGR of 9.85% between 2022 and 2027. The market size is forecast to increase by USD 211.71 million. The growth of the market depends on several factors, including the application in various industries, the consumer preference toward environment-friendly products, and the expanding F&B industry.

This succinic acid market report extensively covers market segmentation by type (petro-based and bio-based), end-user (industrial, coatings, pharmaceuticals, and others), and geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Succinic Acid Market During the Forecast Period?

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Succinic Acid Market: Key Drivers, Trends, Challenges, and Customer Landscape

The application in various industries are notably driving the market growth, although factors such as the high competition among vendors may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Succinic Acid Market Driver

Application in various industries is the key factor driving the growth of the global succinic acid (SA) market. Succinic acid is a crucial building block in producing bioplastics such as polybutylene succinate (PBS), polybutylene terephthalate (PBT), and polylactic acid (PLA). Growing demand for eco-friendly and sustainable materials is expected to boost the demand for succinic acid. Succinic acid is used as a flavoring and acidity regulator in the food and beverage industry. It is also used as a preservative in certain foods. The growing food and beverage industry is expected to increase the demand for succinic acid. Succinic acid is used as an excipient in the pharmaceutical industry and is also used in the production of various pharmaceuticals. Rising demand for pharmaceuticals and pharmaceuticals is expected to boost the demand for succinic acid during the forecast period.

Succinic acid is used as an active ingredient in personal care products such as skincare and hair care products. Succinic acid is used as an intermediate in the production of various chemicals, such as 1,4-butanediol, tetrahydrofuran, and gamma-butyrolactone. The growth of the chemical industry is expected to drive the demand for succinic acid. Overall, the increasing demand for sustainable materials, food and beverages, pharmaceuticals, personal care products, and chemical intermediates is expected to drive the growth of the global succinic acid market during the forecast period.

Significant Succinic Acid Market Trends

Bio-succinic acid gaining popularity is the primary trend in the global succinic acid (SA) market. The bio-succinic acid demand is rapidly increasing due to the increasing use of bio-succinic acid in BDO production. With the fluctuating prices of conventional fossil fuel-based raw materials and the increasing focus on technologies that reduce carbon footprint, BDO producers use renewable bio-based raw materials such as bio-succinic acid for BDO production. Bio-succinic acid is also used as a replacement for adipic acid in polyols.

With the increasing focus on the sustainable use of natural resources, the demand for bio-based or renewable chemicals is rising rapidly. As bio-succinic acid is derived from natural resources, it is used as a replacement for building blocks such as adipic acid and phthalic anhydride, which manufacture compounds such as polyols. The growing demand for bio-succinic acid will boost the growth of the global succinic acid market during the forecast period.

Major Succinic Acid Market Challenge

High competition among vendors is a major challenge impeding the growth of the global succinic acid (SA) market. One of the biggest challenges for succinic acid suppliers is competition from alternative bio-based chemicals for similar applications. For example, bio-based polymers such as PLA and polyhydroxyalkanoates (PHAs) are gaining popularity as sustainable alternatives to traditional petroleum-based plastics, and these materials are derived from renewable sources such as cornstarch and sugar cane. Additionally, succinic acid is used in various industries, such as food and beverages, pharmaceuticals, and cosmetics. In short, vendors need a deep understanding of each industry's requirements to commercialize their products successfully.

The regulatory landscape can also be complex, with different rules and regulations in each market, which adds another layer of complexity for vendors. Also, the cost of production can be a challenge, as succinic acid is typically produced using fermentation processes, which can be costly and require significant investments in infrastructure and technology. Vendors need to balance the cost of production with the need to offer competitive pricing to remain viable in the market. Thus, the growing competition from alternative bio-based chemicals providers may impede the growth of the global succinic acid market during the forecast period.

Key Succinic Acid Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Succinic Acid Market Customer Landscape

Who are the Major Succinic Acid Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Henan GP Chemicals Co. Ltd.: The company offers succinic acid solutions. Also, the company provides industrial and specialty chemicals such as Isopropyl Alcohol, Diglycolamine, and Hydroxypropyl Methacrylate.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Succinic Acid Market?

The market share growth by the petro-based segment will be significant during the forecast period. Petro-based succinic acid is produced commercially by chemical processes from maleic anhydride, a petroleum-based raw material. Succinic acid is a dicarboxylic acid that has a wide range of industrial and commercial applications.

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The petro-based segment was valued at USD 126.93 million in 2017 and continued to grow until 2021. The use of petroleum-based raw materials allows for a more consistent and reliable production process and reduces the risk of yield variability that can occur in fermentation-based processes. Additionally, the increasing demand for biodegradable plastics and other sustainable materials also contributes to the demand for succinic acid. Overall, the growing demand for petroleum-based succinic acid can be attributed to its cost-effectiveness, reliability, and potential to address sustainability challenges. Increasing demand for succinic acid in various industries such as packaging, textiles, and automotive is expected to contribute positively to the growth of the global succinic acid market during the forecast period.

Which are the Key Regions for the Succinic Acid Market?

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Europe is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In this region, the use of petroleum-based raw materials allows for a more consistent and reliable production process and reduces the risk of yield variability that can occur in fermentation-based processes. Additionally, the increasing demand for biodegradable plastics and other sustainable materials also contributes to the demand for succinic acid. Overall, the growing demand for petroleum-based succinic acid can be attributed to its cost-effectiveness, reliability, and potential to address sustainability challenges. Rising demand for succinic acid in various industries such as packaging, textiles, and automotive is expected to positively contribute to the growth of the global succinic acid market during the forecast period.

In 2020, the outbreak of COVID-19 reduced the sales of succinic acid in the region as manufacturing units were closed due to imposed lockdown. However, in 2021, due to large-scale vaccination drives in many countries in the region, the number of COVID-19 cases reduced, which resulted in the removal of lockdown restrictions. The lifting of lockdown restrictions invariably helped manufacturing units resume their operations, which boosted market growth of succinic acid. Various end-users are demanding eco-friendly products, which will increase the demand for bio-based succinic acid. Therefore, the growing demand for bio-based succinic acid will have a positive impact on the growth of the regional succinic acid market during the forecast period.

Segment Overview

The succinic acid market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Type Outlook (USD Million, 2017 - 2027)
- Petro-based
- Bio-based

End-User Outlook (USD Million, 2017 - 2027)
- Industrial
- Coatings
- Pharmaceuticals
- Others

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global succinic acid market as a part of the global specialty chemicals market. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacturing of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Succinic Acid Market Scope
Report Coverage	Details
Page number	151
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.85%
Market growth 2023-2027	USD 211.71 million
Market structure	Fragmented
YoY growth 2022-2023(%)	9.46
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 33%
Key countries	US, Canada, China, Germany, and Italy
Competitive landscape	Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled	EMCO Dyestuff Pvt. Ltd., Fengchen Group Co. Ltd., HENAN BON INDUSTRIAL CHEMICAL CO. LTD., Henan GP Chemicals Co. Ltd., KUNSHAN ODOWELL CO. LTD., Labdhi Chemicals, LCY Chemical Corp., Merck KGaA, Nippon Shokubai Co. Ltd., Otto Chemie Pvt. Ltd., Roquette Freres SA, Spectrum Laboratory Products Inc., Tokyo Chemical Industry Co. Ltd., Vizag Chemical International, Zhengzhou Alfa Chemical Co. Ltd., Aurochemicals, Central Drug House Pvt. Ltd., Corbion nv, Jinan Qinmu Fine Chemical Co. Ltd., and Nice Chemicals Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Succinic Acid Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the succinic acid market between 2023 and 2027
Precise estimation of the size of the succinic acid market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of succinic acid market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global succinic acid market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global succinic acid market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Petro-based - Market size and forecast 2022-2027
- Exhibit 34: Chart on Petro-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Petro-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Petro-based - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Petro-based - Year-over-year growth 2022-2027 (%)

6.4 Bio-based - Market size and forecast 2022-2027
- Exhibit 38: Chart on Bio-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Bio-based - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Bio-based - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Bio-based - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user

7.3 Industrial - Market size and forecast 2022-2027
- Exhibit 48: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

7.4 Coatings - Market size and forecast 2022-2027
- Exhibit 52: Chart on Coatings - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Coatings - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Coatings - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Coatings - Year-over-year growth 2022-2027 (%)

7.5 Pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 56: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ million)
- Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 67: Chart on Market share by geography 2022-2027 (%)
- Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

9.11 Italy - Market size and forecast 2022-2027
- Exhibit 103: Chart on Italy - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Italy - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Italy - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027
- Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 111: Market opportunity by geography ($ million)
- Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption

11.4 Industry risks
- Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 117: Vendors covered

12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification

12.3 EMCO Dyestuff Pvt. Ltd.
- Exhibit 119: EMCO Dyestuff Pvt. Ltd. - Overview
- Exhibit 120: EMCO Dyestuff Pvt. Ltd. - Product / Service
- Exhibit 121: EMCO Dyestuff Pvt. Ltd. - Key offerings

12.4 Fengchen Group Co. Ltd.
- Exhibit 122: Fengchen Group Co. Ltd. - Overview
- Exhibit 123: Fengchen Group Co. Ltd. - Product / Service
- Exhibit 124: Fengchen Group Co. Ltd. - Key offerings

12.5 HENAN BON INDUSTRIAL CHEMICAL CO. LTD.
- Exhibit 125: HENAN BON INDUSTRIAL CHEMICAL CO. LTD. - Overview
- Exhibit 126: HENAN BON INDUSTRIAL CHEMICAL CO. LTD. - Product / Service
- Exhibit 127: HENAN BON INDUSTRIAL CHEMICAL CO. LTD. - Key offerings

12.6 Henan GP Chemicals Co. Ltd.
- Exhibit 128: Henan GP Chemicals Co. Ltd. - Overview
- Exhibit 129: Henan GP Chemicals Co. Ltd. - Product / Service
- Exhibit 130: Henan GP Chemicals Co. Ltd. - Key offerings

12.7 KUNSHAN ODOWELL CO. LTD.
- Exhibit 131: KUNSHAN ODOWELL CO. LTD. - Overview
- Exhibit 132: KUNSHAN ODOWELL CO. LTD. - Product / Service
- Exhibit 133: KUNSHAN ODOWELL CO. LTD. - Key offerings

12.8 Labdhi Chemicals
- Exhibit 134: Labdhi Chemicals - Overview
- Exhibit 135: Labdhi Chemicals - Product / Service
- Exhibit 136: Labdhi Chemicals - Key offerings

12.9 LCY Chemical Corp.
- Exhibit 137: LCY Chemical Corp. - Overview
- Exhibit 138: LCY Chemical Corp. - Product / Service
- Exhibit 139: LCY Chemical Corp. - Key offerings

12.10 Merck KGaA
- Exhibit 140: Merck KGaA - Overview
- Exhibit 141: Merck KGaA - Business segments
- Exhibit 142: Merck KGaA - Key news
- Exhibit 143: Merck KGaA - Key offerings
- Exhibit 144: Merck KGaA - Segment focus

12.11 Nippon Shokubai Co. Ltd.
- Exhibit 145: Nippon Shokubai Co. Ltd. - Overview
- Exhibit 146: Nippon Shokubai Co. Ltd. - Business segments
- Exhibit 147: Nippon Shokubai Co. Ltd. - Key offerings
- Exhibit 148: Nippon Shokubai Co. Ltd. - Segment focus

12.12 Otto Chemie Pvt. Ltd.
- Exhibit 149: Otto Chemie Pvt. Ltd. - Overview
- Exhibit 150: Otto Chemie Pvt. Ltd. - Product / Service
- Exhibit 151: Otto Chemie Pvt. Ltd. - Key offerings

12.13 Roquette Freres SA
- Exhibit 152: Roquette Freres SA - Overview
- Exhibit 153: Roquette Freres SA - Product / Service
- Exhibit 154: Roquette Freres SA - Key offerings

12.14 Spectrum Laboratory Products Inc.
- Exhibit 155: Spectrum Laboratory Products Inc. - Overview
- Exhibit 156: Spectrum Laboratory Products Inc. - Product / Service
- Exhibit 157: Spectrum Laboratory Products Inc. - Key offerings

12.15 Tokyo Chemical Industry Co. Ltd.
- Exhibit 158: Tokyo Chemical Industry Co. Ltd. - Overview
- Exhibit 159: Tokyo Chemical Industry Co. Ltd. - Product / Service
- Exhibit 160: Tokyo Chemical Industry Co. Ltd. - Key offerings

12.16 Vizag Chemical International
- Exhibit 161: Vizag Chemical International - Overview
- Exhibit 162: Vizag Chemical International - Product / Service
- Exhibit 163: Vizag Chemical International - Key offerings

12.17 Zhengzhou Alfa Chemical Co. Ltd.
- Exhibit 164: Zhengzhou Alfa Chemical Co. Ltd. - Overview
- Exhibit 165: Zhengzhou Alfa Chemical Co. Ltd. - Product / Service
- Exhibit 166: Zhengzhou Alfa Chemical Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- Exhibit 168: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 169: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 170: Research methodology
- Exhibit 171: Validation techniques employed for market sizing
- Exhibit 172: Information sources

13.5 List of abbreviations
- Exhibit 173: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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