Title: Succinimide Market - Forecast(2022 - 2027)
1Succinimide Market - Forecast(2022 - 2027)
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- Succinimide Market size is forecast to reach
around 300 million by 2025, after growing at
a CAGR of 6.1 during 2020-2025. - Succinimides are cyclic imides with wide
industrial application and also known as
2,5-Pyrrolidinedione. - Surging demand of succinimides from
pharmaceuticals industries for the synthesis
of Anticonvulsant drugs is driving the growth of
the Succinimide market size. - Apart from pharmaceutical applications,
succinimide is also used in the liquid crystal
display and in the production of water-soluble
copolymers and polymers.
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- Key Takeaways from this Report
- The Chinese government ambitious Made in China
2025 plan to achieve independence from foreign
supply for semiconductors and integrated circuits
is likely to boost the growth of succinimide
market. For instance, Succinimides are used as an
electroless silver plating solution for
electronic parts. - Increasing health concerns and huge spending of
government on healthcare also fuel the growth of
succinimide industry.
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- By Distribution Channel- Segment Analysis
- Oil additive segment is projected to grow with
the fastest CAGR of around 8 in the succinimide
market during the forecast period. Succinimides
are widely used as detergent dispersant additive
for gasoline and diesel engine oil. The use of
succinimide help fuel and lubricants enhance the
speed, strength, cleanliness, and durability of
the vehicle. Detergent and dispersants are used
to prevent the accumulation of varnish like
deposits on the wall of the cylinder and also
neutralizes the harmful effects of corrosive
acids that are formed by the combustion of diesel
and gasoline fuels.
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- Succinimide Market Industry Outlook
- Zhejiang Deqing Yinyuan Chemical Industry Co.,
Ltd - Jiangsu Nanjing Shenning Chemical Co., Ltd.
- Halides Chemicals Pvt. Ltd.
- Sigma-Aldrich
- MP Biomedicals
- LLC Tokyo Chemical industry Co. Ltd.
- Shandong Tianyu Fine Chemical Co., Ltd.
- Aurum Pharmatech LLC
- Glentham Life Sciences Ltd.
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Succinimide Market - Forecast(2022 - 2027)
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