Succinic Acid Global Market Development Trend Analysis 2024

Companies operating in the global “Succinic Acid Market” are focusing on merger and acquisitions and new product launches to gain competitive advantage. Growth strategies adopted by these companies are studied in detail in the report. The report also includes several valuable information on the Succinic Acid market, derived from various industrial sources.

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Succinic acid, also called Butanedioic Acid, a dicarboxylic acid of molecular formula C4H6O4 that is widely distributed in almost all plant and animal tissues and that plays a significant role in intermediary metabolism. It is a colorless crystalline solid, soluble in water, with a melting point of 185–187° C (365–369° F).Succinic acid is an important raw material used in PBS/PBST, resins, coatings & pigments, food & beverage, pharmaceuticals and polyester polyols etc. During all those fields, resins, coatings & pigments are the largest application. Large-scale bio-based succinic acid was first produced in Cassano Spinola, Italy, operated by Reverdia, the joint venture between DSM and Roquette Freres. The facility, which uses a yeast-based fermentation process, has a 10,000 tonnes/year capacity producing a plant-based succinic acid marketed under the brand Biosuccinium™. From then on, most suppliers have started bio-based succinic acid production. Currently, global major bio-based succinic acid suppliers include BioAmber, GC Innovation America, Reverdia and Succinity GmbH.Though bio-based succinic acid becomes a popular environmental product, there are still few petro-based succinic acid suppliers, such as Mitsubishi Chemical, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals and Jinbaoyu Technology. According to this study, over the next five years the Succinic Acid market will register a 4.6% CAGR in terms of revenue, the global market size will reach US$ 170 million by 2024, from US$ 130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Succinic Acid business.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

  • BioAmber
  • GC Innovation America
  • Reverdia
  • Succinity GmbH
  • Mitsubishi Chemical
  • Kawasaki Kasei Chemicals
  • Nippon Shokubai
  • Feiyang Chemical
  • Sunsing Chemicals
  • Jinbaoyu Technology

Segmentation by product type:

  • Bio-based
  • Petro-based

Segmentation by application:

  • Resins, Coatings & Pigments
  • Food & Beverage
  • Pharmaceuticals
  • Polyester Polyols
  • Other

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This report also splits the market by region:

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China

This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Succinic Acid market, to estimate the size of various other dependent submarkets in the overall market. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

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Detailed TOC of Global Succinic Acid Market Growth 2019-2024

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.2 Succinic Acid Segment by Type

2.3 Succinic Acid Consumption by Type

2.4 Succinic Acid Segment by Application

2.5 Succinic Acid Consumption by Application

3 Global Succinic Acid by Players

3.1 Sales Market Share by Players

3.2 Global Succinic Acid Revenue Market Share by Players

3.4 Global Succinic Acid Manufacturing Base Distribution, Sales Area, Product Types by Players

3.5 Market Concentration Rate Analysis

4 Succinic Acid by Regions

4.1 Succinic Acid by Regions

4.2 Americas Consumption Growth

4.3 APAC Consumption Growth

4.4 Europe Consumption Growth

4.5 Middle East & Africa Succinic Acid Consumption Growth

5 Market Drivers, Challenges and Trends

5.1 Market Drivers and Impact

5.2 Market Challenges and Impact

5.3 Market Trends

6 Marketing, Distributors and Customer

6.1 Sales Channel

6.1.1 Direct Channels

6.1.2 Indirect Channels

6.2 Succinic Acid Distributors

6.3 Succinic Acid Customer

7 Global Succinic Acid Market Forecast

7.1 Global Succinic Acid Consumption Forecast (2019-2024)

7.2 Global Succinic Acid Forecast by Regions

7.3 Americas Forecast by Countries

7.4 APAC Forecast by Countries

7.5 Europe Forecast by Countries

7.6 Middle East & Africa Forecast by Countries

7.7 Global Succinic Acid Forecast by Type

7.8 Global Succinic Acid Forecast by Application

7 Key Players Analysis

12.1 Company Details

12.2 Succinic Acid Product Offered

12.3 Succinic Acid Sales, Revenue, Price and Gross Margin (2019-2024)

12.4 Main Business Overview

13 Research Findings and Conclusion

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