Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 210.27 Billion |
| USD 644.56 Billion | |
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Global Succinic Acid Market Segmentation, By Type (Bio- Based Succinic Acid and Petro- Based Succinic Acid), End- Use (Industrial, Food and Beverages, Coatings, Pharmaceutical, and Others) - Industry Trends and Forecast to 2032
The global succinic acid market is experiencing significant growth due to its increasing application across various industries, including pharmaceuticals, food and beverages, coatings, and industrial manufacturing. Succinic acid, derived from both bio-based and petrochemical sources, is widely used as a key intermediate in the production of resins, plastics, and solvents. The rising demand for bio-based succinic acid, driven by environmental concerns and regulatory support for sustainable chemicals, is a major growth factor. In addition, advancements in fermentation chemical technology are improving production efficiency, further boosting market expansion. Recent developments include strategic partnerships, investments in bio-based production facilities, and increased R&D efforts for biodegradable polymers. The food and pharmaceutical industries are also leveraging succinic acid for its preservative and therapeutic properties. With growing emphasis on sustainability and eco-friendly solutions, the succinic acid market is expected to witness robust growth over the forecast period, particularly in Asia-Pacific and North America.
The global succinic acid market size was valued at USD 210.27 billion in 2024 and is projected to reach USD 644.56 billion by 2032, with a CAGR of 15.03% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Succinic Acid Market Trends
“Sustainable Production Methods”
Manufacturers in the succinic acid market are prioritizing sustainable production methods by utilizing renewable feedstocks such as corn, sugarcane, and wheat. This shift is driven by growing environmental concerns, regulatory pressures, and the rising demand for bio-based chemicals. Traditional petrochemical-based production processes contribute to greenhouse gas emissions, whereas bio-based succinic acid offers a lower carbon footprint and improved sustainability. Companies are investing in advanced fermentation technologies and biotechnology innovations to enhance yield efficiency and cost-effectiveness. In addition, partnerships and collaborations are emerging to scale up bio-based production and meet increasing industrial demand. As industries transition toward greener alternatives, the adoption of renewable feedstocks for succinic acid production is expected to be a major factor shaping the market’s future growth.
Report Scope and Succinic Acid Market Segmentation
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Succinic Acid Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Anhui Sunsing Chemicals Co., Ltd. (China), ANQING HEXING CHEMICAL CO., LTD. (China), ARD (Canada), GC Innovation America (U.S.), Gadiv (Israel), Kawasaki Kasei Chemicals Ltd. (Japan), NIPPON SHOKUBAI CO., LTD (Japan), Reverdia (Netherlands), Shandong Yuhuang Chemical Co., Ltd. (China), Shandong Lixing Advanced Material Co., Ltd. (China), Spectrum Chemical (U.S.), Mitsubishi Chemical Group Corporation (Japan)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Succinic Acid Market Definition
Succinic acid (C₄H₆O₄) is a dicarboxylic acid naturally found in living organisms as part of the citric acid (Krebs) cycle. It appears as a white, crystalline solid and has a slightly acidic taste. Succinic acid is widely used in industries such as pharmaceuticals, food and beverages, agriculture, and bioplastics. It serves as a chemical intermediate in the production of resins, solvents, and biodegradable polymers. It can be derived from both petroleum-based and bio-based sources, with increasing emphasis on renewable feedstocks for sustainable production. Bio-based succinic acid is gaining traction due to its lower environmental impact and applications in eco-friendly products such as biodegradable plastics and bio-based coatings.
Succinic Acid Market Dynamics
Drivers
The growing demand for succinic acid is driven by its diverse applications across multiple industries, including pharmaceuticals, food and beverages, and personal care products. In pharmaceuticals, it is used as an excipient and intermediate for drug formulations, while in the food industry, it serves as an acidity regulator and flavor enhancer. In addition, succinic acid plays a vital role in the personal care sector, contributing to skin-conditioning and antimicrobial formulations. Beyond these uses, it is a crucial chemical intermediate in the production of resins, solvents, and polymers, supporting the development of biodegradable plastics and coatings. This increasing industrial utilization is significantly fueling market growth.
Continuous innovations in succinic acid production technologies are driving market growth by improving efficiency and cost-effectiveness. Advanced fermentation processes using renewable feedstocks such as corn, sugarcane, and lignocellulosic biomass have replaced traditional petrochemical-based methods, reducing environmental impact and production costs. Biotechnology advancements, including genetically engineered microorganisms, have enhanced yield optimization and process scalability. In addition, developments in downstream processing have streamlined purification techniques, making bio-based succinic acid more competitive. These technological improvements support sustainability initiatives and enable large-scale production, meeting the rising industrial demand across sectors such as pharmaceuticals, bioplastics, and specialty chemicals.
Opportunities
The increasing global shift towards sustainability and bio-based chemicals is creating significant growth opportunities for succinic acid manufacturers. Strict environmental regulations aimed at reducing carbon emissions and minimizing reliance on petroleum-based products are accelerating the adoption of bio-based succinic acid. In addition, consumers are actively seeking eco-friendly alternatives, boosting demand in industries such as bioplastics, biodegradable packaging, and green solvents. Bio-based succinic acid, derived from renewable feedstocks, offers a sustainable solution with reduced environmental impact. As industries prioritize circular economy principles and green chemistry, the market for bio-based succinic acid is expected to expand, driving innovation and investment.
Succinic acid is gaining traction in the pharmaceutical and healthcare sectors due to its versatility in drug formulations and Active Pharmaceutical Ingredients (APIs). It serves as a key excipient in various medications, including pain relievers, antibiotics, and dermatological treatments. Its buffering properties and role in pH regulation enhance drug stability and effectiveness. In addition, succinic acid’s antimicrobial and anti-inflammatory properties make it valuable in wound healing and skincare formulations. As the global pharmaceutical industry continues to expand, driven by rising healthcare demands and innovation, the increasing use of succinic acid in medical applications presents a significant market growth opportunity.
Restraints/Challenges
One of the major challenges hindering the widespread adoption of bio-based succinic acid is its high production cost compared to traditional petrochemical-based alternatives. The fermentation process used to produce bio-based succinic acid requires specialized microbial strains, advanced bioreactors, and costly purification techniques, increasing overall manufacturing expenses. In addition, the fluctuating availability and price of renewable feedstocks such as corn and sugarcane further impact cost stability. While technological advancements are improving efficiency, the higher upfront investment and operational costs make bio-based succinic acid less competitive. Overcoming these cost barriers is crucial for achieving large-scale commercialization and market expansion.
The reliance on agricultural feedstocks such as corn, sugarcane, and wheat for bio-based succinic acid production presents a significant market restraint. These raw materials are subject to price volatility due to factors such as climate change, seasonal variations, geopolitical issues, and global supply chain disruptions. Poor harvests, droughts, or changing government policies on agricultural subsidies and biofuel mandates can lead to increased costs and limited availability of feedstocks. This instability affects production consistency and profitability for manufacturers. As a result, the market faces challenges in maintaining cost-effectiveness and supply chain resilience, impacting the widespread adoption of bio-based succinic acid.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
The market is segmented on the basis of type and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
End-Use
The market is analysed and market size insights and trends are provided by country, type, and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the succinic acid market due to the growing adoption of bio-based alternatives and strict environmental regulations promoting sustainable chemicals. The region's focus on reducing dependence on petrochemicals has accelerated the shift toward bio-based succinic acid. Supportive government policies and stringent sustainability mandates further drive market growth.
Asia-Pacific is the fastest growing region in the succinic acid market, driven by rising demand across multiple industries. Key applications, including 1,4-butanediol (BDO), plasticizers, food additives, pharmaceuticals, polyurethanes, and cosmetics, are fueling market expansion. Rapid industrialization, increasing consumer demand, and a growing focus on sustainable alternatives further support regional growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Succinic Acid Market Leaders Operating in the Market Are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Succinic Acid Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Succinic Acid Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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