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Allied Market Research

Succinimide Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A09247
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Aug 2021 | 150 Views
 
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Succinimide Market Analysis 2020-2027:

Succinimide is a natural compound with the chemical formula (CH2)2(CO)2NH. Its chemical names are 2,5-Pyrrolidinedione and Succinic acid imide. It is a white hard substance utilized in various types of natural syntheses and in some silver-plating procedures. The compound is also known as cyclic imide. It might be set up by thermal decomposition of ammonium succinate. Many succinimides are utilized as anticonvulsant drugs, including ethosuximide, phensuximide, and methsuximide. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD Million), Volume (Tons)

  Segments covered

  Application, Industry Vertical

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Zhejiang DeqingYinyuan Chemical Industry Co., Ltd., Nanjing Shenning Chemical Co. Ltd., Halides Chemicals Pvt. Ltd., Sigma-Aldrich Co., MP Biomedicals, Tokyo Chemical Industry Co., Shandong Tianyu Fine Chemical Co. Ltd., and Taizhou Zhongda Chemical Co. Ltd.

 

COVID-19 scenario analysis:

  • The COVID-19 pandemic fundamentally affected the succinimide industry due to limited production of petrochemical, personal care, and plastic products. 
  • The effect of the COVID-19 outbreak on the chemical compounds and materials industry is expected to be felt for minimum a half of 2020. 
  • The effect of the coronavirus pandemic and the lockdown activated is obvious in terms of financial markets. However, there is still no visibility on the deeper effect that it is having across chemical industries and business area.
  • COVID-19, pandemic has caused extreme production side interruptions in different segments, income will be cut by 10-15%. Pharma as a segment has risen as a solid contender to drive the following leg of rally, at whatever point it comes.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Succinimides are used to shape covalent bonds between proteins or peptides and plastics, which is helpful in various types of test methods. They are utilized as dispersants in oils and as esters in personal care products. The derivatives of succinimide are used as antiepileptic drugs, which are utilized to restore involuntary activities that are brought about by the nervous system. 

At the point, when four fragrant polyisobutylene succinimides are joined, they go about as viscosity reducers for unrefined oils. Succinimide can be framed from the build-ups of Aspartic acid and is catalyzed with the Acetic acid. The added substances utilized in succinimide are utilized in fuels and crankcase lubricating oils. It is utilized in the pharmaceutical business, beauty care products and food industry. 

Different segments and the market growth analysis

The succinimide market is bifurcated into application and industry vertical. The basic characters considered for the segmentation are the overall global market shares, basic interests, overall market growth, and supply of succinimide. The major driving factor for the succinimide market is its dominant application as an ester in the personal care product industry and as dispersants in the oil business. The succinimide market is anticipated to perform well on the basis of its utilization in different types of techniques. Additionally, succinimide is made from asparagine having peptides and proteins, which is found to have numerous utilizations in amide related products. When heated, succinimide discharges a sharp smoke, which is extremely hazardous when it is breathed in by the human beings. It causes skin-irritation if utilized more than the prescribed quantity. These factors are expected to restrain the market growth. 

Key segments covered:

Segments

Sub-segments

  Application

  • Esters in Cosmetic
  • Antiepileptic Drug
  • Others

  Industry Vertical

  • Chemical & Petrochemical
  • Personal Care & Cosmetics
  • Plastic
  • Sealants
  • Adhesives
  • Agrochemical
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the succinimide market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the succinimide market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the succinimide market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the succinimides market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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