Global Succinic Acid Market Insights, Forecast to 2025
Succinic acid, also called Butanedioic Acid, a dicarboxylic acid of molecular formula C4H6O4 that is widely distributed in almost all plant and animal tissues and that plays a significant role in intermediary metabolism. It is a colorless crystalline solid, soluble in water, with a melting point of 185–187° C (365–369° F).
Succinic acid is an important raw material used in PBS/PBST, resins, coatings & pigments, food & beverage, pharmaceuticals and polyester polyols etc. During all those fields, resins, coatings & pigments are the largest application.
Large-scale bio-based succinic acid was first produced in Cassano Spinola, Italy, operated by Reverdia, the joint venture between DSM and Roquette Freres. The facility, which uses a yeast-based fermentation process, has a 10,000 tonnes/year capacity producing a plant-based succinic acid marketed under the brand Biosuccinium™. From then on, most suppliers have started bio-based succinic acid production. Currently, global major bio-based succinic acid suppliers include BioAmber, GC Innovation America, Reverdia and Succinity GmbH.
Though bio-based succinic acid becomes a popular environmental product, there are still few petro-based succinic acid suppliers, such as Mitsubishi Chemical, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals and Jinbaoyu Technology.
Global Succinic Acid market size will increase to 180 Million US$ by 2025, from 130 Million US$ in 2018, at a CAGR of 4.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Succinic Acid.
This report researches the worldwide Succinic Acid market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Succinic Acid breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
BioAmber
GC Innovation America
Reverdia
Succinity GmbH
Mitsubishi Chemical
Kawasaki Kasei Chemicals
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology
Succinic Acid Breakdown Data by Type
Bio-based
Petro-based
Succinic Acid Breakdown Data by Application
Resins, Coatings & Pigments
PBS/PBST
Food & Beverage
Pharmaceuticals
Polyester Polyols
Other
Succinic Acid Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Succinic Acid Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Succinic Acid capacity, production, value, consumption, status and forecast;
To focus on the key Succinic Acid manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Succinic Acid :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Succinic acid is an important raw material used in PBS/PBST, resins, coatings & pigments, food & beverage, pharmaceuticals and polyester polyols etc. During all those fields, resins, coatings & pigments are the largest application.
Large-scale bio-based succinic acid was first produced in Cassano Spinola, Italy, operated by Reverdia, the joint venture between DSM and Roquette Freres. The facility, which uses a yeast-based fermentation process, has a 10,000 tonnes/year capacity producing a plant-based succinic acid marketed under the brand Biosuccinium™. From then on, most suppliers have started bio-based succinic acid production. Currently, global major bio-based succinic acid suppliers include BioAmber, GC Innovation America, Reverdia and Succinity GmbH.
Though bio-based succinic acid becomes a popular environmental product, there are still few petro-based succinic acid suppliers, such as Mitsubishi Chemical, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals and Jinbaoyu Technology.
Global Succinic Acid market size will increase to 180 Million US$ by 2025, from 130 Million US$ in 2018, at a CAGR of 4.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Succinic Acid.
This report researches the worldwide Succinic Acid market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Succinic Acid breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
BioAmber
GC Innovation America
Reverdia
Succinity GmbH
Mitsubishi Chemical
Kawasaki Kasei Chemicals
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology
Succinic Acid Breakdown Data by Type
Bio-based
Petro-based
Succinic Acid Breakdown Data by Application
Resins, Coatings & Pigments
PBS/PBST
Food & Beverage
Pharmaceuticals
Polyester Polyols
Other
Succinic Acid Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Succinic Acid Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Succinic Acid capacity, production, value, consumption, status and forecast;
To focus on the key Succinic Acid manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Succinic Acid :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Please Select a Format
