The global succinic acid market is estimated to be USD 132 million in 2018 and is projected to reach USD 183 million by 2023, at a CAGR of 6.8%.
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Increasing potential applications of succinic acid
Succinic acid, also known as amber acid, is a key building block of a wide range of secondary chemicals used across applications in the industries such as pharmaceutical, food & beverage, solvents & lubricants, polyurethane, and agriculture. PBS, 1, 4 – BDO and food applications provide major opportunities for succinic acid.
Polybutylene succinate (PBS) is a biopolymer produced by the poly-condensation of succinic acid and 1,4 -BDO. PBS is crystalline polyester with a melting temperature of above 212°F (100°C), which is important for high-temperature range applications. PBS is used in a range of applications, including single-use in food serviceware (such as cutlery and cups and lids), agricultural mulching films, and compostable bags. PBS can also be made into composites by filling the fibers with other materials to augment the material properties of the substance and, thereby, diversify the potential applications. In the agriculture industry, PBS is used in the fabrication of mulching films or delayed release materials for pesticide and fertilizer. In the medical industry, PBS is used as biodegradable drug encapsulation systems and is also being investigated for application in medical implants. Hence, the increasing potential applications of PBS in different industries are expected to drive the demand for succinic acid for the manufacturing of PBS.
Succinic acid is also used widely in different applications in the food & beverage industry. It is used as a salt-substitute flavor enhancing agents. Succinic acid is used in this industry mainly as a flavoring agent and as an antimicrobial agent. In addition, succinate salts are reported to increase propionate production in the rumen acting as a glycogenic material and a precursor for protein synthesis. This also creates an opportunity for the use of succinate salts as additives to animal feed for ruminants and monogastric animals such as pigs. Hence, the crude succinate salt produced from carbohydrates can find usage in animal nutrition to reduce the usage of antibiotics (such as monocin and lasalocid) in certain animal feeds. This will present itself as an opportunity for players in the succinic acid market.
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Issues in commercialization of bio-based succinic acid
In the past, several succinic acid manufacturers were engaged in the process to develop commercial-scale capacities for bio-based succinic acid. However, except for a few initiations made by the leading players, few successes were reported in the bio-production of succinic acid. The production of bio-based succinic acid through renewable feedstock resulted in low yield and cost-intensive separation process. This led to reduced demand for bio-based succinic acid, eventually leading to the closure of major plants.
The major challenges for expanding the use of succinic acid as a building block include the development of low-cost fermentation routes. In order to ensure the competitiveness of bio-based-succinic acid in comparison to petroleum-based products, there is a need for the development of a cost-effective sugar fermentation process. In addition, the fermentation process needs to be improved, in terms of productivity, nutrient requirement for the process, final titer, and pH considerations. The limited success of other biochemical production initiatives prevents manufacturers from foraying into the bio-based succinic acid market.
The green credentials of bio-based processes are often challenged, as these processes require significant land and water to grow their feedstock. Moreover, the process used for the production of bio-based succinic acid is quite complex, which is limiting the use of succinic acid as a chemical building block. These are the major issues involved in the commercialization of succinic acid produced by renewable feedstock, serving as a challenge for the succinic acid market.
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