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
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Succinic Acid Market - Segment Analysis
- Overview
- Global Succinic Acid Market, 2016 - 2028 (USD Million)
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Global Succinic Acid Market - by Type
- By Petro-based
- By Bio-based
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Global Succinic Acid Market - by End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
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Global Succinic Acid Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Succinic Acid Market - Segment Analysis
- Overview
- North America Succinic Acid Market, 2016 - 2028 (USD Million)
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North America Succinic Acid Market, by Type
- By Petro-based
- By Bio-based
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North America Succinic Acid Market, by End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
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North America Succinic Acid Market, by Country
- U.S.
- U.S. Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- U.S. Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- U.S. Succinic Acid Market, By Type
- Canada
- Canada Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Canada Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Canada Succinic Acid Market, By Type
- Mexico
- Mexico Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Mexico Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Mexico Succinic Acid Market, By Type
- U.S.
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Europe Succinic Acid Market - Segment Analysis
- Overview
- Europe Succinic Acid Market, 2016 - 2028 (USD Million)
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Europe Succinic Acid Market, by Type
- By Petro-based
- By Bio-based
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Europe Succinic Acid Market, by End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
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Europe Succinic Acid Market, by Country
- Germany
- Germany Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Germany Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Germany Succinic Acid Market, By Type
- UK
- UK Market, By Type
- By Petro-based
- By Bio-based
- UK Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- UK Market, By Type
- France
- France Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- France Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- France Succinic Acid Market, By Type
- Spain
- Spain Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Spain Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Spain Succinic Acid Market, By Type
- Italy
- Italy Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Italy Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Italy Succinic Acid Market, By Type
- BENELUX
- BENELUX Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- BENELUX Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- BENELUX Succinic Acid Market, By Type
- Rest of Europe
- Rest Of Europe Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Rest Of Europe Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Rest Of Europe Succinic Acid Market, By Type
- Germany
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Asia Pacific Succinic Acid Market - Segment Analysis
- Overview
- Asia Pacific Succinic Acid Market, 2016 - 2028 (USD Million)
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Asia Pacific Succinic Acid Market, by Type
- By Petro-based
- By Bio-based
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Asia Pacific Succinic Acid Market, by End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
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Asia Pacific Succinic Acid Market, by Country
- China
- China Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- China Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- China Succinic Acid Market, By Type
- Japan
- Japan Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Japan Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Japan Succinic Acid Market, By Type
- India
- India Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- India Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- India Succinic Acid Market, By Type
- South Korea
- South Korea Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- South Korea Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- South Korea Succinic Acid Market, By Type
- South East Asia
- South East Asia Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- South East Asia Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- South East Asia Succinic Acid Market, By Type
- Rest of Asia Pacific
- Rest of Asia Pacific Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Rest of Asia Pacific Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Rest of Asia Pacific Succinic Acid Market, By Type
- China
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Latin America Succinic Acid Market - Segment Analysis
- Overview
- Latin America Succinic Acid Market, 2016 - 2028 (USD Million)
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Latin America Succinic Acid Market, by Type
- By Petro-based
- By Bio-based
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Latin America Succinic Acid Market, by End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
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Latin America Succinic Acid Market, by Country
- Brazil
- Brazil Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Brazil Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Brazil Succinic Acid Market, By Type
- Argentina
- Argentina Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Argentina Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Argentina Succinic Acid Market, By Type
- Rest of Latin America
- Rest of Latin America Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Rest of Latin America Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Rest of Latin America Succinic Acid Market, By Type
- Brazil
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Middle East & Africa Succinic Acid Market - Segment Analysis
- Overview
- Middle East & Africa Succinic Acid Market, 2016 - 2028 (USD Million)
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Middle East & Africa Succinic Acid Market, by Type
- By Petro-based
- By Bio-based
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Middle East & Africa Succinic Acid Market, by End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
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Middle East & Africa Succinic Acid Market, by Country
- GCC Countries
- GCC Countries Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- GCC Countries Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- GCC Countries Succinic Acid Market, By Type
- South Africa
- South Africa Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- South Africa Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- South Africa Succinic Acid Market, By Type
- Rest of Middle East & Africa
- Rest of Middle East & Africa Succinic Acid Market, By Type
- By Petro-based
- By Bio-based
- Rest of Middle East & Africa Succinic Acid Market, By End Use Industry
- By Industrial
- By Coating
- By Food & Beverage
- By Cosmetics
- By Pharmaceuticals
- By Others
- Rest of Middle East & Africa Succinic Acid Market, By Type
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
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Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- 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
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Succinic Acid in terms of revenue?
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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?
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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?
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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.
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The driving factors of the Succinic Acid include
Which region accounted for the largest share in the market?
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Europe was the leading regional segment of the Succinic Acid in 2023.