The global Succinonitrile Market was valued at USD 1.02 Billion in 2023, and is projected to grow at a CAGR of 4.5% from 2023 to 2030.
Succinonitrile Market Overview:
The growth of the succinonitrile market can be attributed to increasing demand for aromatics in petroleum distillates and organic synthesis, and increasing demand for quinacridone pigments globally. However, fluctuations in raw material prices are likely to restrain the growth of this market over the forecast period.
Colorless oily liquid with irritating and pungent odor. Succinonitrile is used as an intermediate in the manufacture of various chemicals and pharmaceuticals. It is also an important raw material for the production of quinacridone pigments. They are widely used in paints and coatings, plastics, rubber, printing inks and cosmetics. These pigments have excellent tinting strength, high tinting strength and excellent light fastness.
Succinonitrile market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Succinonitrile market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Succinonitrile market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Top Key Players include in the Succinonitrile Market are
Hengshui Laike Chemical Products, Carcol Chemical, Hengshui Haoye Chemical, Handan Huajun Chemical, and others.
The Succinonitrile market research report is categorized based on type, applications and region.
On the Basis of Type:
- Purity: 97%
- Purity: 98%
- Purity: 99%
On the Basis of Application:
- Solvent for Extraction of Aromatic Hydrocarbon in Petroleum Fraction
- Organic Synthesis
- Nickel Plating Brightener
- Lithium-Ion Battery Electrolyte Additives
- Raw Material of Quinacridone Pigment
- Manufacture Nylon-4
- Intermediate of Medicine
- Transportation and Storage
- Colorants of Color Printing or Plastic Materials
On the Basis of Region:
Geographically, the global Succinonitrile market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Succinonitrile region is dominating this market in the upcoming future.
The Asia Pacific region is the largest succinonitrile market, accounting for more than 45% of global sales in 2015. The region is expected to witness high growth owing to increasing demand from end-use industries such as transportation, warehousing, packaging, and printing. Furthermore, rising disposable income and rapid urbanization in emerging markets including China and India are expected to drive product demand over the forecast period.
China dominates the Asia Pacific market owing to its large manufacturing base and growing consumption in end-use industries such as construction, automotive, and transportation equipment. Latin America also accounts for a large share due to increased oil refining activity as well as growth in car production, especially in Brazil, which has one of the largest car manufacturing plants in the world; Volkswagen do Brasil S/A produces cars of various brands, Such as Volkswagen, Skoda Fabia, Chevrolet Lanos, etc.).
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Succinonitrile Market report scope:
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Succinonitrile market?
Who are the key vendors of the global Succinonitrile market?
What are the leading key industries of the global Succinonitrile market?
Which factors are responsible for driving the global Succinonitrile market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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