Succinic Acid Market
Succinic Acid Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Petro-based, Bio-based
- By End Use Industry Industrial, Coating, Food & Beverage, Cosmetics, Pharmaceuticals, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2023 |
Forecast Years: | 2024 - 2032 |
Historical Years: | 2018 - 2022 |
Revenue 2023: | USD 190.2 Million |
Revenue 2032: | USD 358.6 Million |
Revenue CAGR (2024 - 2032): | 7.3% |
Fastest Growing Region (2024 - 2032) | Asia Pacific |
Largest Region (2023): | Europe |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Succinic Acid Market Segment Analysis
- Succinic Acid Type Outlook (Revenue, USD Million, 2018 - 2030)
- Petro-based
- Bio-based
- Succinic Acid End Use Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Succinic Acid Market, by Type
- Petro-based
- Bio-based
-
North America Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- U.S.
- U.S. Succinic Acid Market, by Type
- Petro-based
- Bio-based
- U.S. Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- U.S. Succinic Acid Market, by Type
- Canada
- Canada Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Canada Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Canada Succinic Acid Market, by Type
-
Mexico
- Mexico Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Mexico Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Mexico Succinic Acid Market, by Type
-
North America Succinic Acid Market, by Type
- Europe
-
Europe Succinic Acid Market, by Type
- Petro-based
- Bio-based
-
Europe Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- U. K.
- U.K. Succinic Acid Market, by Type
- Petro-based
- Bio-based
- U.K. Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- U.K. Succinic Acid Market, by Type
- France
- France Succinic Acid Market, by Type
- Petro-based
- Bio-based
- France Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- France Succinic Acid Market, by Type
-
Germany
- Germany Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Germany Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Germany Succinic Acid Market, by Type
-
Italy
- Italy Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Italy Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Italy Succinic Acid Market, by Type
-
Spain
- Spain Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Spain Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Spain Succinic Acid Market, by Type
-
Rest of Europe
- Rest of Europe Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Rest of Europe Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Rest of Europe Succinic Acid Market, by Type
-
Europe Succinic Acid Market, by Type
- Asia Pacific
-
Asia Pacific Succinic Acid Market, by Type
- Petro-based
- Bio-based
-
Asia Pacific Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- China
- China Succinic Acid Market, by Type
- Petro-based
- Bio-based
- China Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- China Succinic Acid Market, by Type
- Japan
- Japan Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Japan Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Japan Succinic Acid Market, by Type
-
Germany
- Germany Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Germany Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Germany Succinic Acid Market, by Type
-
India
- India Succinic Acid Market, by Type
- Petro-based
- Bio-based
- India Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- India Succinic Acid Market, by Type
-
South Korea
- South Korea Succinic Acid Market, by Type
- Petro-based
- Bio-based
- South Korea Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- South Korea Succinic Acid Market, by Type
-
South East Asia
- South East Asia Succinic Acid Market, by Type
- Petro-based
- Bio-based
- South East Asia Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- South East Asia Succinic Acid Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Rest of Asia Pacific Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Rest of Asia Pacific Succinic Acid Market, by Type
-
Asia Pacific Succinic Acid Market, by Type
- Latin America
-
Latin America Succinic Acid Market, by Type
- Petro-based
- Bio-based
-
Latin America Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Brazil
- Brazil Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Brazil Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Brazil Succinic Acid Market, by Type
- Argentina
- Argentina Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Argentina Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Argentina Succinic Acid Market, by Type
-
Rest of Latin America
- Rest of Latin America Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Rest of Latin America Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Rest of Latin America Succinic Acid Market, by Type
-
Latin America Succinic Acid Market, by Type
- Middle East & Africa
-
Middle East & Africa Succinic Acid Market, by Type
- Petro-based
- Bio-based
-
Middle East & Africa Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- GCC Countries
- GCC Countries Succinic Acid Market, by Type
- Petro-based
- Bio-based
- GCC Countries Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- GCC Countries Succinic Acid Market, by Type
- South Africa
- South Africa Succinic Acid Market, by Type
- Petro-based
- Bio-based
- South Africa Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- South Africa Succinic Acid Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Succinic Acid Market, by Type
- Petro-based
- Bio-based
- Rest of Middle East & Africa Succinic Acid Market, by End Use Industry
- Industrial
- Coating
- Food & Beverage
- Cosmetics
- Pharmaceuticals
- Others
- Rest of Middle East & Africa Succinic Acid Market, by Type
-
Middle East & Africa Succinic Acid Market, by Type
- North America
FAQ
Frequently Asked Question
What is the global demand for Succinic Acid in terms of revenue?
-
The global Succinic Acid valued at USD 190.2 Million in 2023 and is expected to reach USD 358.6 Million in 2032 growing at a CAGR of 7.3%.
Which are the prominent players in the market?
-
The prominent players in the market are BioAmber Inc., Succinity GmbH (a subsidiary of BASF SE), Anhui Sunsing Chemicals Co., Ltd., Reverdia (a joint venture between DSM and Roquette Frères), Nippon Shokubai Co., Ltd., Mitsubishi Chemical Corporation, Thyssenkrupp AG, Merck KGaA, R-Biopharm AG.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.3% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Succinic Acid include
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Succinic Acid in 2023.