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  As the world grapples with environmental challenges, the need for sustainable alternatives across industries becomes increasingly crucial. In this context, bio-based succinic acid has emerged as a promising renewable chemical with significant market potential. With its versatile applications and eco-friendly production process,   bio-based succinic acid market  is poised to play a pivotal role in driving sustainable solutions and reducing reliance on fossil fuels. According to the research reports by MRFR, the global market for bio-based succinic acid is estimated to flourish at a healthy CAGR of 19.6% during the review timeframe. The report further predicts the market to attain USD 900 million by the end of during the forecast period. In general, succinic acid is primarily produced using the C4-fraction of naphtha and using a four-carbon hydrocarbon via maleic anhydride. Expanding Market Applications : Bio-based succinic acid is a renewable chemical derived f...

  The global bio-based succinic acid market has been segmented on the basis of processed type, application, end-use industry, and region. Based on processed type, the global  bio-based succinic acid market  has been divided into ammonium sulphate process, direct crystallization process, and electrodialysis process. The ammonium sulphate segment held the largest share of the global bio-based succinic acid market in 2018. The easy availability of ammonium sulphate is expected to be the prime reason for the growth of the segment. The segment is expected to continue the trend during the forecast period. By application, the global bio-based succinic acid market has been classified into 1, 4 butanediol, polybutylene succinate, plasticizers, polyester polyols, polymers & esters, solvents & coatings, and others. The 1,4 butanediol segment accounted for the largest share of the global bio-succinic acid market in 2018. It is used as an industrial chemical and as a...