Allied Market Research

2024

Succinimide Market

Succinimide Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: | Eswara Prasad
Publish Date:

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Succinimide Market Analysis:

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. 

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 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 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?

Succinimide Market Report Highlights

Aspects Details
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By Application
  • Esters in Cosmetic
  • Antiepileptic Drug
  • Others
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By Industry Vertical
  • Chemical & Petrochemical
  • Personal Care & Cosmetics
  • Plastic
  • Sealants
  • Adhesives
  • Agrochemical
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (Germany, UK, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • Latin America  (Brazil, Mexico, Rest of LATAM)
  • the Middle East 
  • Africa 
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Key Market Players

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

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Succinimide Market

Global Opportunity Analysis and Industry Forecast, 2023-2032