Product Code: 978-1-68038-085-9
Bio-succinic Acid Market Growth & Trends:
The global bio-succinic acid market size is expected to reach USD 272.36 million by 2030, as per a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.1% from 2024 to 2030. The growth is attributed to the rising demand for bio-succinic acid in several end-use industries such as food and beverages, pharmaceuticals, and personal care and cosmetics.
The growing demand in multiple industries is due to the increase in awareness regarding the availability of substitutes in the market against various harmful chemical substances. The growing utilization of bio-succinic acid in several applications such as BDO, resins, and polyurethanes is also expected to drive the product demand in the near future. Additionally, the growing population and ongoing urbanization and industrialization have led the government of emerging economies to increase their manufacturing expenses to cater to the rising demand for bio-succinic acid.
The product is majorly utilized in the formulation of various plastics, fibers, solvents, and polymers. The demand pattern for various end-use applications is highly dependent on the regional regulations imposed by the government. The increase in construction and infrastructure projects in emerging economies is also expected to trigger the demand.
The global demand for bio-succinic acid was less impacted by the COVID-19 crisis, considering its usage in essential pharmaceutical products along with its application in food and beverages, personal and skincare, and cosmetic products as an anti-biotic agent, which is viewed as a substitute for the previously used harmful chemicals. The global market is expected to witness tremendous growth because of its inclusion in the research and development process related to its use in the pharmaceutical industry.
Bio-succinic Acid Market Report Highlights:
- The global bio-succinic acid market exhibits traits reminiscent of a consolidated landscape, featuring several key players including BASF SE, DSM, Roquette Freres, BioAmber, Myriant Corporation, and Kawasaki Kasei Chemicals, alongside smaller and medium-sized market participants such as GC Innovation America, among others.
- The 1,4-butanediol (BDO) application segment dominated the market with a revenue share of 34.50% in 2023 and is estimated to rise at 12.0% CAGR over the forecast period. This is attributed to the high product demand for the production of polyurethane, tetrahydrofuran, and polybutylene among other such products.
- The industrial end-use segment dominated the market with a revenue share of more than 41.68% in 2023. This high share is attributed to the growing demand for the products in the process of production of polyurethane, tetrahydrofuran, and polybutylene terephthalate among many other products.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Projection & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Agricultural Enzymes Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Succinic Acid Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing/ Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Vendor Landscape
- 3.3.1. List of Raw Material Suppliers
- 3.3.2. List of Distributors/Channel Partners
- 3.3.3. List of Potential End-Users
- 3.4. Regulatory Framework
- 3.5. Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.5.1. Factors Influencing Prices
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.6.4. Industry Opportunities
- 3.7. Industry Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
Chapter 4. Global Bio-succinic Acid Market: Application Estimates & Trend Analysis
- 4.1. Application Movement Analysis & Market Share, 2023 & 2030
- 4.2. Bio-succinic Acid Market Estimates & Forecast, By Application, 2018 to 2030 (USD Million)
- 4.2.1. BDO
- 4.2.1.1. Global Bio-succinic Acid Market Estimates and Forecasts, in BDO, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.2. Polyester Polyols
- 4.2.2.1. Global Bio-succinic Acid Market Estimates and Forecasts, in Polyester Polyols, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.3. Plasticizers
- 4.2.3.1. Global Bio-succinic Acid Market Estimates and Forecasts, in Plasticizers, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.4. PBS/PBST
- 4.2.4.1. Global Bio-succinic Acid Market Estimates and Forecasts, in PBS/PBST, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.5. Alkyd Resins
- 4.2.5.1. Global Bio-succinic Acid Market Estimates and Forecasts, in Alkyd Resins, 2018 - 2030 (Kilotons) (USD Million)
- 4.2.6. Other Applications
- 4.2.6.1. Global Bio-succinic Acid Market Estimates and Forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Global Bio-succinic Acid Market: End-use Estimates & Trend Analysis
- 5.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 5.2. Bio-succinic Acid Market Estimates & Forecast, By End-use, 2018 to 2030 (USD Million)
- 5.2.1. Industrial
- 5.2.1.1. Bio-succinic Acid Market Estimates and Forecasts, In Industrial, 2018 - 2030 (USD Million)
- 5.2.2. Food & Beverages
- 5.2.2.1. Bio-succinic Acid Market Estimates and Forecasts, In Food & Beverages, 2018 - 2030 (USD Million)
- 5.2.3. Pharmaceutical
- 5.2.3.1. Bio-succinic Acid Market Estimates and Forecasts, In Pharmaceutical, 2018 - 2030 (USD Million)
- 5.2.4. Personal Care & Cosmetics
- 5.2.4.1. Bio-succinic Acid Market Estimates and Forecasts, In Personal Care & Cosmetics, 2018 - 2030 (USD Million)
- 5.2.5. Other End-uses
- 5.2.5.1. Bio-succinic Acid Market Estimates and Forecasts, In Other End-uses, 2018 - 2030 (USD Million)
Chapter 6. Global Bio-succinic Acid Market: Region Estimates & Trend Analysis
- 6.1. Region Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Bio-succinic Acid Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Germany Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.3. UK
- 6.3.3.1. UK Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Italy Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Spain Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. India Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Japan Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.6. Thailand
- 6.4.6.1. Thailand Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Central & South America Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Argentina Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. South Africa Bio-succinic Acid Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 7. Global Agricultural Enzymes Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share Analysis, 2023 (%)
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.6. Company Profiles (Business Overview, Financial Performance, Product Benchmarking)
- 7.6.1. BASF SE
- 7.6.2. DSM
- 7.6.3. Roquette Freres
- 7.6.4. BioAmber
- 7.6.5. Myriant Corporation
- 7.6.6. Kawasaki Kasei Chemicals
- 7.6.7. Mitsui & Co., Ltd
- 7.6.8. Mitsubishi Chemical Corporation