Bio Succinic Acid Market
Global Succinic Acid Market Size, Share & Trends Analysis Report by End User (Chemical, Pharmaceutical, Food and Beverages, Other), By Raw Material (Corn-Based Bio-Succinic Acid, Sugarcane-Based Bio-Succinic Acid, Cassava-Based Bio-Succinic Acid, Other Raw Materials-Based Bio-Succinic Acid), Forecast Period 2021-2027 Update Available - Forecast 2024-2030
The global succinic acid market is anticipated to grow at a significant CAGR during the forecast period. The continuous growth of the food and beverages industry, increase in personal care such as anti-aging products and other industrial sectors are the factors that are driving the global succinic acid market. The other factors which are propelling the growth of the market include advancement in the rising of bio-based sustainable chemicals used by chemical industries. Further, as succinic acid is used as a neutralizing agent in various food items therefore it has a wide application in food industries. Moreover, rising awareness about eco-friendly products along with considering the environmental issue is resulting in the growth of the bio-succinic acid industry. However, the presence of alternate chemicals such as malic, citric acid is a major challenge for the market.
Segmental Outlook
The global succinic acid market is segmented based on end-user and raw materials. Based on the end-user, the market is segmented into chemical, industrial, pharmaceutical, food and beverages, and others. Based on the raw material, the market is segmented into corn-based bio-succinic acid, sugarcane-based bio-succinic acid, cassava-based bio-succinic acid, other raw materials-based bio-succinic acid.
Global Succinic Acid Market Share by End-User, 2020 (%)
Chemical industry is anticipated to hold a major market share globally
Bio-based succinate is gaining considerable attention as a potential intermediary feedstock to replace a large petrochemical-based bulk chemical market. There are several potential chemical applications of bio-succinic acid, which include 1,4-butanediol (BDO), plasticizers, and PBS. Among these, bio-succinic acid has potential application in BDO an industrial chemical with several uses. Moreover, the plasticizer is an emerging area for bio-succinic acid. Some of the major companies engaged in the development of plasticizers from bio-based succinic acid include Myriant Corp. and BioAmber.
Regional Outlooks
The global Succinic acid market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. The US is expected to hold a major market share in North America whereas Germany, UK, France were major countries contributing to the market in Europe. In Asia-Pacific; China, India, Japan, Indonesia are among the leading economies contributing to the market growth.
Global Bio-Succinic Acid Market Growth, By Region, 2021-2027
Asia-Pacific will have considerable shares in the global Succinic Acid Market
Asia-Pacific is expected to hold a major market share during the forecast period with a lucrative growth rate. The growth of the regional market is attributed to growing major industrial consumption. In addition, the growing industrialization, urbanization in countries such as China, India, Indonesia is driving the growth of succinic acid. Additionally, rising environmental concerns where industries are demanding more bio-based succinic acid that is sustainable and environment friendly fueling the growth of the market.
Moreover, the growing demand for polyurethanes in China, Japan, and India is also augmenting the market growth. The other factors which are boosting the market demand including increasing urbanization, growing coatings and food, and beverages industries, and others. For instance, according to the Institute of Food Technologists by 2030, almost 61.0% of the people will start living in urban areas where urban consumers will most likely buy organic food and will be convenience-oriented. Also, specialty foods and bereaves will be the third fasted growing sector and the sales will be increasing up to 28.0% by 2023.
Market Players Outlook
The key players of the succinic market include BASF SE, BioAmber Inc., Koninklijke DSM N.V., Roquette Freres S.A. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2018 Roquette announced that it has completed its acquisition with Sethness Products Co. The acquisition will be contributing towards the strategic growth of healthy food and nutrition by addressing its customers' current needs and demands.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Succinic Acid
- market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. BASF SE
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. BioAmber Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Koninklijke DSM N.V.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Roquette Freres S.A.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Bio-Succinic Acid market by End-user
5.1.1. Chemical
5.1.1.1. 1,4-Butanediol (BDO)
5.1.1.2. Plasticizers
5.1.1.3. Polybutylene Succinate (PBS)
5.1.1.4. Lubricants and Solvents
5.1.1.5. Polyester Polyols
5.1.1.6. Others
5.1.2. Pharmaceutical
5.1.3. Food and Beverages
5.1.4. Other(Cosmetic, Textile)
5.2. Global Bio-Succinic Acid marketbyRaw Material
5.2.1. Corn-Based Bio-Succinic Acid
5.2.2. Sugarcane-Based Bio-Succinic Acid
5.2.3. Cassava-Based Bio-Succinic Acid
5.2.4. Other Raw Materials-Based Bio-Succinic Acid
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. Anhui Sunsing Chemicals Co., Ltd.
7.2. Anqing Hexing Chemical Co., Ltd.
7.3. AzelisSA
7.4. Corbion N.V.
7.5. ESIM Chemicals GmbH
7.6. MOLBASE (Shanghai) Biotechnology Co., Ltd
7.7. Evonik Industries AG
7.8. GC Innovation America Corp.
7.9. Jin Hui Zhao Long High-Tech Co., Ltd.
7.10. MerckKGaA
7.11. Mitsubishi Chemical Corp.
7.12. NatureWorks LLC
7.13. PTT-MCCBiochem Co. Ltd.
7.14. ReverdiaV.O.F.
7.15. Shandong Landian Biological Technology Co., LTD.
7.16. Showa Denko K.K.
7.17. Succinity GmbH
7.18. Thyssenkrupp AG
1. GLOBAL BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
2. GLOBAL PHARMACEUTICAL END USER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL CHEMICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL OTHER END USER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2020-2027 ($ MILLION)
7. GLOBAL CORN-BASED BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL SUGARCANE-BASED BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
9. GLOBAL CASSAVA-BASED BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL OTHER RAW MATERIALS-BASED BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. NORTH AMERICAN BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
13. NORTH AMERICAN BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2020-2027 ($ MILLION)
14. EUROPEAN BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. EUROPEAN BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
16. EUROPEAN BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2020-2027 ($ MILLION)
17. ASIA-PACIFIC BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2020-2027 ($ MILLION)
20. REST OF THE WORLD BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. REST OF THE WORLD BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
22. REST OF THE WORLD BIO-SUCCINIC ACID MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2020-2027 ($ MILLION)
1. GLOBAL BIO-SUCCINIC ACID MARKET SHARE BY END USER, 2020 VS 2027 (%)
2. GLOBAL BIO-SUCCINIC ACID MARKET SHARE BY RAW MATERIAL, 2020 VS 2027 (%)
3. GLOBAL BIO-SUCCINIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. GLOBAL PLATFORM BIO-SUCCINIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. GLOBAL INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL CHEMICAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL PHARMACEUTICAL END USER S MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL FOOD AND BEVERAGES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL OTHER END USER S MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL CORN-BASED BIO-SUCCINIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL SUGARCANE-BASED BIO-SUCCINIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL CASSAVA-BASED BIO-SUCCINIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL OTHER RAW MATERIALS-BASED BIO-SUCCINIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL 1,4-BUTANEDIOL MARKET SIZE, 2020-2027($ MILLION)
15. GLOBAL PLASTICIZERS MARKET SIZE, 2020-2027($ MILLION)
16. GLOBAL POLYBUTYLENE SUCCINATE MARKET SIZE, 2020-2027($ MILLION)
17. GLOBAL LUBRICANTS AND SOLVENTS MARKET SIZE, 2020-2027($ MILLION)
18. GLOBAL POLYESTER POLYOLS MARKET SIZE, 2020-2027($ MILLION)
19. GLOBAL OTHERS MARKET SIZE, 2020-2027($ MILLION)
20. US BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
21. CANADA BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
22. UK BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
23. FRANCE BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
24. GERMANY BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
25. ITALY BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
26. SPAIN BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF EUROPE BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
28. INDIA BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
29. CHINA BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
30. JAPAN BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
32. LATIN AMERICA BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
33. MIDDLE EAST & AFRICA BIO-SUCCINIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
