The latest report titled “Succinic acid Production Cost Report” by Procurement Resource a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Succinic acid.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Succinic acid production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Succinic acid Production Process:

1. Succinic Acid Production From Raw Sugar: This report presents a detailed cost analysis of bio-based Succinic Acid production across Succinic Acid manufacturing plants from raw sugar using a fermentation process. In this method, raw sugar (sucrose) gets diluted, and sucrose is hydrolyzed into fructose and glucose (inverted sugars). These sugars are later fermented to result in Succinic Acid. In the Succinic Acid recovery process from the fermentation broth Electrodialysis is employed, generating ammonium sulphate as a by-product.

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2. Succinic Acid Production From Maleic Anhydride: This report provides a descriptive cost analysis of Succinic Acid production across Succinic Acid manufacturing plants from maleic anhydride via a typical hydrogenation process. During this method, maleic anhydride is first hydrogenated to succinic anhydride, which later gets transformed into Succinic Acid.

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3. Succinic Acid Production From Glycerol: This report presents an exhaustive cost evaluation of bio-based Succinic Acid production across Succinic Acid manufacturing plants from crude glycerol using a fermentation process. In this method, the key raw material used is crude glycerol (at 85 wt% purity), which is obtained as a by-product of biodiesel plants. Following purification, glycerol is fermented to yield Succinic Acid.

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4. Succinic Acid Production From Glucose: This report presents a thorough economics of bio-based Succinic Acid production across Succinic Acid manufacturing plants from glucose syrup using a fermentation process. During this process, Succinic Acid is recovered from the fermentation broth using electrodialysis. This method employed a 70 wt% glucose-water syrup as raw material, and the by-product formed is ammonium sulphate.

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Product Definition:

Succinic acid, also known as butanedioic acid or Spirit of Amber, has the chemical formula C4H6O4. This naturally occurring dicarboxylic acid is produced from liquefied petroleum gas. It typically appears as white crystals or a shiny crystalline powder, devoid of any odor but possessing an intensely acidic taste. Succinic acid is a ubiquitous organic compound, formed through anaerobic digestion in various living organisms. It occurs naturally in lichens, fungi, and is a crucial element in the citric acid cycle.

Market Drivers:

The Succinic acid industry is thriving due to its versatile applications across various sectors including food, chemical, and pharmaceutical industries. As a crucial precursor, Succinic acid serves as a foundational component in the production of numerous chemicals such as dyes, perfumes, plasticizers, solvents, lacquers, and photographic chemicals, thereby propelling market growth.

In the food industry, Succinic acid plays multiple roles, serving as a sequestrant, buffer, and neutralizing agent, further enhancing its significance. Moreover, its utility extends beyond food, finding application as an antibiotic and curative agent, nutraceutical, anti-ulcer drug, additive, micronutrient, surfactant, ion chelator, radiation protective agent, and fundamental metabolite.

The diverse range of applications underscores Succinic acid's importance in various industrial and medicinal processes, highlighting its indispensable role in driving innovation and advancement across multiple sectors.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

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