Succinic Acid Market Overview
The size of the Succinic Acid Market was estimated at USD 181.91 million in 2024, and from 2025 to 2032, the market is projected to increase at a compound annual growth rate (CAGR) of 6.7% to reach about USD 305.62 million.
The impact of the COVID-19 lockout on the earnings of market leaders, followers, and disruptors is examined in the research. The impact of the lockdown varies by location and segment because it was implemented differently in different countries and regions. The present short-term and long-term effects on the market have been discussed in the research, which will assist decision-makers in creating regional company plans and strategies.
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Succinic is becoming more and more popular alongside the most competitive bio-based compounds. Succinic acid is listed as one of the top 12 value-added bio-based compounds by the US Department of Energy. Succinic acid serves as an intermediate in a number of chemical reactions and is used in the manufacturing of numerous goods in a fragmented industry with numerous participants. The market exhibits significant growth potential that is heavily reliant on the sustainable production of succinic acid derived from biobased sources.
Succinic Acid Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Succinic Acid market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Succinic Acid market are examined in the report.
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Succinic Acid Market Segmentation
by Type
Bio-Based Succinic Acid
Petro-Based Succinic Acid
During the projected period, the petro-based category is anticipated to contribute the most to market growth in terms of type. Compared to bio-based succinic acid, petro-based succinic acid is more efficient and valuable. Additionally, the food and beverage industries can make extensive use of it. Major succinic acid production companies including BioAmber, Myriant, and Succinity GmbH were forced to close as a result of the decreased demand for bio-based succinic acid caused by higher costs and decreased efficiency.
by Application
Food & Beverage
Pharmaceutical
Industrial
Coatings
Others
Succinic Acid Market Key Players
1. BioAmber
2. GC Innovation America
3. Succinity GmbH
4. Reverdia
5. Nippon Shokubai
6. Shandong Lixing Chemical
7. Kawasaki Kasei Chemicals
8. Anqing Hexing Chemical
9. Anhui Sunsing Chemicals
10. Gadiv Petrochemical Industries
11. Myriant Corporation
12. Showa Denko K.K.
13. Merck KGaA
14. FUSO CHEMICAL CO. LTD.
15. S.S. Pharmachem
Regional Analysis
The Succinic Acid market report comprises an extensive analysis of the Succinic Acid industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
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Key Questions answered in the Succinic Acid Market Report are:
- What is Succinic Acid Market?
- What is the forecast period of the Succinic Acid Market?
- What is the competitive scenario of the Succinic Acid market?
- Which region held the largest market share in the Succinic Acid Market?
- What are the opportunities for the Succinic Acid Market?
- What are the restraining factors in the Succinic Acid market?
- Who are the key players of the Succinic Acid market?
Key offerings:
- Market Share, Size, and Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Succinic Acid
- Landscape- Leading key players and other prominent key players.
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