Succinic acid Price Trend Analysis, Historical Chart and Forecast

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Succinic acid (butanedioic acid), also known as Spirit of Amber, is a four-carbon dicarboxylic acid that is produced using liquefied petroleum gas and is therefore naturally occurring. Its molecular formula is C4H6O4, and its molecular weight is 118.09 g/mol.

The density of succinic acid is 1.56 g/cm³ and its melting point and boiling point are 184 °C and 235 °C respectively. It is highly soluble in water and acetone.

It has an acidic flavour and is a white crystal or dazzling white crystalline powder in appearance. It naturally occurs in lichens and fungi and is a component of the citric acid cycle. This is a typical organic acid produced by most living cells during anaerobic digestion.

The leading succinic acid-producing countries are Europe, the United Kingdom, Germany, France, Russia Italy, and Spain.

Key Details About the Succinic acid Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Succinic acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Succinic acid Price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Succinic acid Price Trend:

Succinic acid is extensively utilised to create a variety of chemicals, such as dyes, fragrances, plasticizers, solvents, lacquers, and photographic chemicals.

Due to its widespread use as a precursor in numerous chemical, food, and pharmaceutical sectors, demand for succinic acid is on the rise.

Additionally, it is employed in a number of businesses that are promoting its market expansion, such as an antibiotic, curative agent, surfactant, additive, and ion chelator.

The food sector also uses it as a sequestrant, buffer, and neutralising agent, which increases its industrial demand. Also, it performs the roles of a nutraceutical, vitamin, radiation protective agent, anti-ulcer medication, and basic metabolite, among others, which will probably open up new business potential in a variety of industries

Key Market Players:

• BASF SE
• Myriant Corporation
• BioAmber
• Parchem
• Dow Chemicals
• Ernesto Ventos S.A
• The Chemical Company
• Kawasaki Kasei Chemicals Ltd
• Mitsubishi Chemical Corporation

News and Events:

• August 2022: With the purchase of the Biosuccinium technology from DSM, Techrip Energies has added a technological solution to its growing portfolio of environmentally friendly chemicals. The recently discovered technique made commercial use of the creation of bio-based succinic acid (bio SAc), which is a feedstock used in the manufacture of polybutylene succinate.

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• Sulfur Hexafluoride Price Trend – https://www.procurementresource.com/resource-center/sulfur-hexafluoride-price-trends
• Sulphur Price Trend – https://www.procurementresource.com/resource-center/sulphur-price-trends

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