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Bio-based Succinic Acid-Global Market Insights and Sales Trends 2024
Synopsis
The global Bio-based Succinic Acid market size is expected to reach US$ 66 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Bio-based Succinic Acid in various end use industries. The expanding demands from the Industrial, Pharmaceutical, Personal Care and Paints & Coatings, are propelling Bio-based Succinic Acid market. Food Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Industrial Grade segment is estimated at % CAGR for the next seven-year period.
The potential consumption of succinic acid as starting feedstock for extensive array of products, such as polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates, and cosmetics, is the major driver, which has been successful in the development of the technology for bio-based succinic acid production. Currently, bio-based succinic acid is gaining significance as a replacement for petroleum-based succinic acid, owing to being renewable and eco-friendly, which are key for bio-based succinic acid to increase its market share in the global succinic acid market during the forecast period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-based Succinic Acid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-based Succinic Acid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-based Succinic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-based Succinic Acid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-based Succinic Acid covered in this report include BASF, DowDuPont, Koninklijke DSM, Mitsui Chemicals, BioAmber, Corbion, Myriant, Roquette and Lixing Chemical, etc.
The global Bio-based Succinic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
DowDuPont
Koninklijke DSM
Mitsui Chemicals
BioAmber
Corbion
Myriant
Roquette
Lixing Chemical
Anqing Hexing Chemical
Global Bio-based Succinic Acid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-based Succinic Acid market, Segment by Type:
Food Grade
Industrial Grade
Pharmaceutical Grade
Others
Global Bio-based Succinic Acid market, by Application
Industrial
Pharmaceutical
Personal Care
Paints & Coatings
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-based Succinic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-based Succinic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Bio-based Succinic Acid market size is expected to reach US$ 66 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Bio-based Succinic Acid in various end use industries. The expanding demands from the Industrial, Pharmaceutical, Personal Care and Paints & Coatings, are propelling Bio-based Succinic Acid market. Food Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Industrial Grade segment is estimated at % CAGR for the next seven-year period.
The potential consumption of succinic acid as starting feedstock for extensive array of products, such as polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates, and cosmetics, is the major driver, which has been successful in the development of the technology for bio-based succinic acid production. Currently, bio-based succinic acid is gaining significance as a replacement for petroleum-based succinic acid, owing to being renewable and eco-friendly, which are key for bio-based succinic acid to increase its market share in the global succinic acid market during the forecast period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-based Succinic Acid, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-based Succinic Acid market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-based Succinic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-based Succinic Acid sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-based Succinic Acid covered in this report include BASF, DowDuPont, Koninklijke DSM, Mitsui Chemicals, BioAmber, Corbion, Myriant, Roquette and Lixing Chemical, etc.
The global Bio-based Succinic Acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
DowDuPont
Koninklijke DSM
Mitsui Chemicals
BioAmber
Corbion
Myriant
Roquette
Lixing Chemical
Anqing Hexing Chemical
Global Bio-based Succinic Acid market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-based Succinic Acid market, Segment by Type:
Food Grade
Industrial Grade
Pharmaceutical Grade
Others
Global Bio-based Succinic Acid market, by Application
Industrial
Pharmaceutical
Personal Care
Paints & Coatings
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-based Succinic Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-based Succinic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Bio-based Succinic Acid Market Overview
1.1 Bio-based Succinic Acid Product Overview
1.2 Bio-based Succinic Acid Market Segment by Type
1.2.1 Food Grade
1.2.2 Industrial Grade
1.2.3 Pharmaceutical Grade
1.2.4 Others
1.3 Global Bio-based Succinic Acid Market Size by Type
1.3.1 Global Bio-based Succinic Acid Market Size Overview by Type (2018-2029)
1.3.2 Global Bio-based Succinic Acid Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bio-based Succinic Acid Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bio-based Succinic Acid Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bio-based Succinic Acid Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bio-based Succinic Acid Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bio-based Succinic Acid Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bio-based Succinic Acid Sales Breakdown by Type (2018-2023)
2 Global Bio-based Succinic Acid Market Competition by Company
2.1 Global Top Players by Bio-based Succinic Acid Sales (2018-2023)
2.2 Global Top Players by Bio-based Succinic Acid Revenue (2018-2023)
2.3 Global Top Players by Bio-based Succinic Acid Price (2018-2023)
2.4 Global Top Manufacturers Bio-based Succinic Acid Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bio-based Succinic Acid Market Competitive Situation and Trends
2.5.1 Bio-based Succinic Acid Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bio-based Succinic Acid Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bio-based Succinic Acid as of 2022)
2.7 Date of Key Manufacturers Enter into Bio-based Succinic Acid Market
2.8 Key Manufacturers Bio-based Succinic Acid Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bio-based Succinic Acid Status and Outlook by Region
3.1 Global Bio-based Succinic Acid Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bio-based Succinic Acid Historic Market Size by Region
3.2.1 Global Bio-based Succinic Acid Sales in Volume by Region (2018-2023)
3.2.2 Global Bio-based Succinic Acid Sales in Value by Region (2018-2023)
3.2.3 Global Bio-based Succinic Acid Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bio-based Succinic Acid Forecasted Market Size by Region
3.3.1 Global Bio-based Succinic Acid Sales in Volume by Region (2024-2029)
3.3.2 Global Bio-based Succinic Acid Sales in Value by Region (2024-2029)
3.3.3 Global Bio-based Succinic Acid Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bio-based Succinic Acid by Application
4.1 Bio-based Succinic Acid Market Segment by Application
4.1.1 Industrial
4.1.2 Pharmaceutical
4.1.3 Personal Care
4.1.4 Paints & Coatings
4.1.5 Others
4.2 Global Bio-based Succinic Acid Market Size by Application
4.2.1 Global Bio-based Succinic Acid Market Size Overview by Application (2018-2029)
4.2.2 Global Bio-based Succinic Acid Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bio-based Succinic Acid Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bio-based Succinic Acid Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bio-based Succinic Acid Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bio-based Succinic Acid Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bio-based Succinic Acid Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bio-based Succinic Acid Sales Breakdown by Application (2018-2023)
5 North America Bio-based Succinic Acid by Country
5.1 North America Bio-based Succinic Acid Historic Market Size by Country
5.1.1 North America Bio-based Succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bio-based Succinic Acid Sales in Volume by Country (2018-2023)
5.1.3 North America Bio-based Succinic Acid Sales in Value by Country (2018-2023)
5.2 North America Bio-based Succinic Acid Forecasted Market Size by Country
5.2.1 North America Bio-based Succinic Acid Sales in Volume by Country (2024-2029)
5.2.2 North America Bio-based Succinic Acid Sales in Value by Country (2024-2029)
6 Europe Bio-based Succinic Acid by Country
6.1 Europe Bio-based Succinic Acid Historic Market Size by Country
6.1.1 Europe Bio-based Succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bio-based Succinic Acid Sales in Volume by Country (2018-2023)
6.1.3 Europe Bio-based Succinic Acid Sales in Value by Country (2018-2023)
6.2 Europe Bio-based Succinic Acid Forecasted Market Size by Country
6.2.1 Europe Bio-based Succinic Acid Sales in Volume by Country (2024-2029)
6.2.2 Europe Bio-based Succinic Acid Sales in Value by Country (2024-2029)
7 Asia-Pacific Bio-based Succinic Acid by Region
7.1 Asia-Pacific Bio-based Succinic Acid Historic Market Size by Region
7.1.1 Asia-Pacific Bio-based Succinic Acid Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bio-based Succinic Acid Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bio-based Succinic Acid Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bio-based Succinic Acid Forecasted Market Size by Region
7.2.1 Asia-Pacific Bio-based Succinic Acid Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bio-based Succinic Acid Sales in Value by Region (2024-2029)
8 Latin America Bio-based Succinic Acid by Country
8.1 Latin America Bio-based Succinic Acid Historic Market Size by Country
8.1.1 Latin America Bio-based Succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bio-based Succinic Acid Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bio-based Succinic Acid Sales in Value by Country (2018-2023)
8.2 Latin America Bio-based Succinic Acid Forecasted Market Size by Country
8.2.1 Latin America Bio-based Succinic Acid Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bio-based Succinic Acid Sales in Value by Country (2024-2029)
9 Middle East and Africa Bio-based Succinic Acid by Country
9.1 Middle East and Africa Bio-based Succinic Acid Historic Market Size by Country
9.1.1 Middle East and Africa Bio-based Succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bio-based Succinic Acid Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bio-based Succinic Acid Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bio-based Succinic Acid Forecasted Market Size by Country
9.2.1 Middle East and Africa Bio-based Succinic Acid Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bio-based Succinic Acid Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF
10.1.1 BASF Company Information
10.1.2 BASF Introduction and Business Overview
10.1.3 BASF Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF Bio-based Succinic Acid Products Offered
10.1.5 BASF Recent Development
10.2 DowDuPont
10.2.1 DowDuPont Company Information
10.2.2 DowDuPont Introduction and Business Overview
10.2.3 DowDuPont Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.2.4 DowDuPont Bio-based Succinic Acid Products Offered
10.2.5 DowDuPont Recent Development
10.3 Koninklijke DSM
10.3.1 Koninklijke DSM Company Information
10.3.2 Koninklijke DSM Introduction and Business Overview
10.3.3 Koninklijke DSM Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Koninklijke DSM Bio-based Succinic Acid Products Offered
10.3.5 Koninklijke DSM Recent Development
10.4 Mitsui Chemicals
10.4.1 Mitsui Chemicals Company Information
10.4.2 Mitsui Chemicals Introduction and Business Overview
10.4.3 Mitsui Chemicals Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Mitsui Chemicals Bio-based Succinic Acid Products Offered
10.4.5 Mitsui Chemicals Recent Development
10.5 BioAmber
10.5.1 BioAmber Company Information
10.5.2 BioAmber Introduction and Business Overview
10.5.3 BioAmber Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.5.4 BioAmber Bio-based Succinic Acid Products Offered
10.5.5 BioAmber Recent Development
10.6 Corbion
10.6.1 Corbion Company Information
10.6.2 Corbion Introduction and Business Overview
10.6.3 Corbion Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Corbion Bio-based Succinic Acid Products Offered
10.6.5 Corbion Recent Development
10.7 Myriant
10.7.1 Myriant Company Information
10.7.2 Myriant Introduction and Business Overview
10.7.3 Myriant Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Myriant Bio-based Succinic Acid Products Offered
10.7.5 Myriant Recent Development
10.8 Roquette
10.8.1 Roquette Company Information
10.8.2 Roquette Introduction and Business Overview
10.8.3 Roquette Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Roquette Bio-based Succinic Acid Products Offered
10.8.5 Roquette Recent Development
10.9 Lixing Chemical
10.9.1 Lixing Chemical Company Information
10.9.2 Lixing Chemical Introduction and Business Overview
10.9.3 Lixing Chemical Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Lixing Chemical Bio-based Succinic Acid Products Offered
10.9.5 Lixing Chemical Recent Development
10.10 Anqing Hexing Chemical
10.10.1 Anqing Hexing Chemical Company Information
10.10.2 Anqing Hexing Chemical Introduction and Business Overview
10.10.3 Anqing Hexing Chemical Bio-based Succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Anqing Hexing Chemical Bio-based Succinic Acid Products Offered
10.10.5 Anqing Hexing Chemical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bio-based Succinic Acid Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bio-based Succinic Acid Industrial Chain Analysis
11.4 Bio-based Succinic Acid Market Dynamics
11.4.1 Bio-based Succinic Acid Industry Trends
11.4.2 Bio-based Succinic Acid Market Drivers
11.4.3 Bio-based Succinic Acid Market Challenges
11.4.4 Bio-based Succinic Acid Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bio-based Succinic Acid Distributors
12.3 Bio-based Succinic Acid Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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