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Bio-succinic Acid-Global Market Insights and Sales Trends 2024
Synopsis
Succinic acid is a pivotal intermediate chemical that has a myriad of applications in the production of a wide variety of specialty and commodity chemicals. It is known to offer an extensive array of utilities encompassing polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates and cosmetics among many others. On earlier accounts, petroleum was the sole source of deriving succinic acid but, in the recent times, the current manufacturing procedures have commenced making use of renewable feedstock for extracting this vital compound. This biological procedure of obtaining succinic acid is sustainable, efficient, economical and environment-friendly which all work towards giving rise to a greater demand in the market.
The global Bio-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-succinic Acid in various end use industries. The expanding demands from the Polyurethanes, Resins, Pigments & Coatings, Pharmaceuticals and PBS/PBST, are propelling Bio-succinic Acid market. Bio-Based, 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 Petro-Based segment is estimated at % CAGR for the next seven-year period.
Increasing demand for BDO and its derivatives including Tetrahydrofuran (THF), Gamma-Butyrolactone (GBL), and Polybutylene Terephtalate (PBT) in numerous applications such as pharmaceuticals and engineering plastics is likely to stimulate the demand. In addition, growing applications in lubricants, pigments, personal care products, and food colorants will spur the market penetration. Growing awareness regarding the benefits of using bio-based chemicals in packaging and food industry is expected to drive the demand. Increasing use of bio-succinic on account of reduction in carbon footprints along with favorable regulatory support in light of rising awareness towards hazards associated with usage of petroleum-based chemicals is expected to augment market growth. Bio-succinic acid can be used as a replacement to phthalic anhydride in manufacturing alkyd resins and offers cost-effectiveness and environmental advantages, which in turn will propel its growth over the next six years.
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-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-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-succinic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-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-succinic Acid covered in this report include BASF, Mitsubishi Chemical, Mitsui, DSM, Myriant, Reverdia and Corbion, etc.
The global Bio-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
Mitsubishi Chemical
Mitsui
DSM
Myriant
Reverdia
Corbion
Global Bio-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-succinic Acid market, Segment by Type:
Bio-Based
Petro-Based
Others
Global Bio-succinic Acid market, by Application
Polyurethanes
Resins, Pigments & Coatings
Pharmaceuticals
PBS/PBST
Food & Beverage
Plasticizers
Personal Care
Solvents & Lubricants
De-icer Solutions
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-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-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.
Succinic acid is a pivotal intermediate chemical that has a myriad of applications in the production of a wide variety of specialty and commodity chemicals. It is known to offer an extensive array of utilities encompassing polymers, food, metals, pharmaceuticals, coatings, fibers, solvents, lubricating oils, diesel fuel oxygenates and cosmetics among many others. On earlier accounts, petroleum was the sole source of deriving succinic acid but, in the recent times, the current manufacturing procedures have commenced making use of renewable feedstock for extracting this vital compound. This biological procedure of obtaining succinic acid is sustainable, efficient, economical and environment-friendly which all work towards giving rise to a greater demand in the market.
The global Bio-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-succinic Acid in various end use industries. The expanding demands from the Polyurethanes, Resins, Pigments & Coatings, Pharmaceuticals and PBS/PBST, are propelling Bio-succinic Acid market. Bio-Based, 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 Petro-Based segment is estimated at % CAGR for the next seven-year period.
Increasing demand for BDO and its derivatives including Tetrahydrofuran (THF), Gamma-Butyrolactone (GBL), and Polybutylene Terephtalate (PBT) in numerous applications such as pharmaceuticals and engineering plastics is likely to stimulate the demand. In addition, growing applications in lubricants, pigments, personal care products, and food colorants will spur the market penetration. Growing awareness regarding the benefits of using bio-based chemicals in packaging and food industry is expected to drive the demand. Increasing use of bio-succinic on account of reduction in carbon footprints along with favorable regulatory support in light of rising awareness towards hazards associated with usage of petroleum-based chemicals is expected to augment market growth. Bio-succinic acid can be used as a replacement to phthalic anhydride in manufacturing alkyd resins and offers cost-effectiveness and environmental advantages, which in turn will propel its growth over the next six years.
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-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-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-succinic Acid market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-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-succinic Acid covered in this report include BASF, Mitsubishi Chemical, Mitsui, DSM, Myriant, Reverdia and Corbion, etc.
The global Bio-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
Mitsubishi Chemical
Mitsui
DSM
Myriant
Reverdia
Corbion
Global Bio-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-succinic Acid market, Segment by Type:
Bio-Based
Petro-Based
Others
Global Bio-succinic Acid market, by Application
Polyurethanes
Resins, Pigments & Coatings
Pharmaceuticals
PBS/PBST
Food & Beverage
Plasticizers
Personal Care
Solvents & Lubricants
De-icer Solutions
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-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-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-succinic Acid Market Overview
1.1 Bio-succinic Acid Product Overview
1.2 Bio-succinic Acid Market Segment by Type
1.2.1 Bio-Based
1.2.2 Petro-Based
1.2.3 Others
1.3 Global Bio-succinic Acid Market Size by Type
1.3.1 Global Bio-succinic Acid Market Size Overview by Type (2018-2029)
1.3.2 Global Bio-succinic Acid Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bio-succinic Acid Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bio-succinic Acid Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bio-succinic Acid Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bio-succinic Acid Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bio-succinic Acid Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bio-succinic Acid Sales Breakdown by Type (2018-2023)
2 Global Bio-succinic Acid Market Competition by Company
2.1 Global Top Players by Bio-succinic Acid Sales (2018-2023)
2.2 Global Top Players by Bio-succinic Acid Revenue (2018-2023)
2.3 Global Top Players by Bio-succinic Acid Price (2018-2023)
2.4 Global Top Manufacturers Bio-succinic Acid Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bio-succinic Acid Market Competitive Situation and Trends
2.5.1 Bio-succinic Acid Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bio-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-succinic Acid as of 2022)
2.7 Date of Key Manufacturers Enter into Bio-succinic Acid Market
2.8 Key Manufacturers Bio-succinic Acid Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bio-succinic Acid Status and Outlook by Region
3.1 Global Bio-succinic Acid Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bio-succinic Acid Historic Market Size by Region
3.2.1 Global Bio-succinic Acid Sales in Volume by Region (2018-2023)
3.2.2 Global Bio-succinic Acid Sales in Value by Region (2018-2023)
3.2.3 Global Bio-succinic Acid Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bio-succinic Acid Forecasted Market Size by Region
3.3.1 Global Bio-succinic Acid Sales in Volume by Region (2024-2029)
3.3.2 Global Bio-succinic Acid Sales in Value by Region (2024-2029)
3.3.3 Global Bio-succinic Acid Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bio-succinic Acid by Application
4.1 Bio-succinic Acid Market Segment by Application
4.1.1 Polyurethanes
4.1.2 Resins, Pigments & Coatings
4.1.3 Pharmaceuticals
4.1.4 PBS/PBST
4.1.5 Food & Beverage
4.1.6 Plasticizers
4.1.7 Personal Care
4.1.8 Solvents & Lubricants
4.1.9 De-icer Solutions
4.2 Global Bio-succinic Acid Market Size by Application
4.2.1 Global Bio-succinic Acid Market Size Overview by Application (2018-2029)
4.2.2 Global Bio-succinic Acid Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bio-succinic Acid Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bio-succinic Acid Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bio-succinic Acid Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bio-succinic Acid Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bio-succinic Acid Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bio-succinic Acid Sales Breakdown by Application (2018-2023)
5 North America Bio-succinic Acid by Country
5.1 North America Bio-succinic Acid Historic Market Size by Country
5.1.1 North America Bio-succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bio-succinic Acid Sales in Volume by Country (2018-2023)
5.1.3 North America Bio-succinic Acid Sales in Value by Country (2018-2023)
5.2 North America Bio-succinic Acid Forecasted Market Size by Country
5.2.1 North America Bio-succinic Acid Sales in Volume by Country (2024-2029)
5.2.2 North America Bio-succinic Acid Sales in Value by Country (2024-2029)
6 Europe Bio-succinic Acid by Country
6.1 Europe Bio-succinic Acid Historic Market Size by Country
6.1.1 Europe Bio-succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bio-succinic Acid Sales in Volume by Country (2018-2023)
6.1.3 Europe Bio-succinic Acid Sales in Value by Country (2018-2023)
6.2 Europe Bio-succinic Acid Forecasted Market Size by Country
6.2.1 Europe Bio-succinic Acid Sales in Volume by Country (2024-2029)
6.2.2 Europe Bio-succinic Acid Sales in Value by Country (2024-2029)
7 Asia-Pacific Bio-succinic Acid by Region
7.1 Asia-Pacific Bio-succinic Acid Historic Market Size by Region
7.1.1 Asia-Pacific Bio-succinic Acid Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bio-succinic Acid Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bio-succinic Acid Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bio-succinic Acid Forecasted Market Size by Region
7.2.1 Asia-Pacific Bio-succinic Acid Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bio-succinic Acid Sales in Value by Region (2024-2029)
8 Latin America Bio-succinic Acid by Country
8.1 Latin America Bio-succinic Acid Historic Market Size by Country
8.1.1 Latin America Bio-succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bio-succinic Acid Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bio-succinic Acid Sales in Value by Country (2018-2023)
8.2 Latin America Bio-succinic Acid Forecasted Market Size by Country
8.2.1 Latin America Bio-succinic Acid Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bio-succinic Acid Sales in Value by Country (2024-2029)
9 Middle East and Africa Bio-succinic Acid by Country
9.1 Middle East and Africa Bio-succinic Acid Historic Market Size by Country
9.1.1 Middle East and Africa Bio-succinic Acid Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bio-succinic Acid Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bio-succinic Acid Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bio-succinic Acid Forecasted Market Size by Country
9.2.1 Middle East and Africa Bio-succinic Acid Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bio-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-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF Bio-succinic Acid Products Offered
10.1.5 BASF Recent Development
10.2 Mitsubishi Chemical
10.2.1 Mitsubishi Chemical Company Information
10.2.2 Mitsubishi Chemical Introduction and Business Overview
10.2.3 Mitsubishi Chemical Bio-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Mitsubishi Chemical Bio-succinic Acid Products Offered
10.2.5 Mitsubishi Chemical Recent Development
10.3 Mitsui
10.3.1 Mitsui Company Information
10.3.2 Mitsui Introduction and Business Overview
10.3.3 Mitsui Bio-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsui Bio-succinic Acid Products Offered
10.3.5 Mitsui Recent Development
10.4 DSM
10.4.1 DSM Company Information
10.4.2 DSM Introduction and Business Overview
10.4.3 DSM Bio-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.4.4 DSM Bio-succinic Acid Products Offered
10.4.5 DSM Recent Development
10.5 Myriant
10.5.1 Myriant Company Information
10.5.2 Myriant Introduction and Business Overview
10.5.3 Myriant Bio-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Myriant Bio-succinic Acid Products Offered
10.5.5 Myriant Recent Development
10.6 Reverdia
10.6.1 Reverdia Company Information
10.6.2 Reverdia Introduction and Business Overview
10.6.3 Reverdia Bio-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Reverdia Bio-succinic Acid Products Offered
10.6.5 Reverdia Recent Development
10.7 Corbion
10.7.1 Corbion Company Information
10.7.2 Corbion Introduction and Business Overview
10.7.3 Corbion Bio-succinic Acid Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Corbion Bio-succinic Acid Products Offered
10.7.5 Corbion Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bio-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-succinic Acid Industrial Chain Analysis
11.4 Bio-succinic Acid Market Dynamics
11.4.1 Bio-succinic Acid Industry Trends
11.4.2 Bio-succinic Acid Market Drivers
11.4.3 Bio-succinic Acid Market Challenges
11.4.4 Bio-succinic Acid Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bio-succinic Acid Distributors
12.3 Bio-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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