Please Wait.....
Report
Bio-Based Succinic Acid - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 120 Pages I Mordor Intelligence
The Bio-Based Succinic Acid Market is expected to register a CAGR of less than 2% during the forecast period.
Key Highlights
- COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- The price uncertainty of fossil fuels, the increase in carbon footprints, and the increasing adoption of green chemicals are expected to surge the demand for bio-based succinic acid. On the other hand, the market's expansion is constrained by the higher cost of bio-based succinic acid and the prolonged extraction procedures.
- Further, sustainable dyes made from bio-succinic acid are anticipated to present a market opportunity in the future. The Asia-Pacific region is expected to witness high demand for bio-based succinic acid during the forecast period.
Bio-Based Succinic Acid Market Trends
Industrial Segment Dominated the Market
- Bio-based succinic acid is used as an intermediate in a wide range of industrial applications to make plastics, polyurethanes, solvents, coating, lubricants, and a variety of other things. The plasticizers made from bio-based succinic acid are used in flooring and general-purpose usage to provide heat resistance, food packaging, etc. Moreover, this eco-friendly succinic acid is also widely used in making resins, coatings, and ink for several industrial purposes.
- Bio-based succinic acid is widely used in various industrial applications to make products such as adhesives, solvents, sealants, resins, coatings, and polymers. Such products are widely used in the construction sector.
- Thus, the expanding construction industry is expected to surge the demand for bio-based succinic acid. For example, According to the US Census Bureau, the annual value for new construction put in place in the United States accounted for USD 1,626.4 billion in 2021, compared to USD 1,499.6 billion in 2020.
- Industries such as food and beverage, consumer goods, etc., continuously innovate new products, increase production, and resort to attractive packaging materials to reduce carbon footprints, thus surging the demand for bio-based succinic acid to produce adhesives. For example, the packaging sector in India is the highest end-user sector, holding about 67% of total adhesive users.
- The increased use of bio-based succinic acid in the industrial sector for the production of various products is expected to boost market growth in the coming years.
Asia-Pacific to Witness fastest Growth Rate
- Asia-Pacific accounted for the largest polyamide market in the past few years. The growing pharmaceutical, personal care, paints and coatings, etc. industries in various countries in the Asia-Pacific region are driving the market studied. Due to rising urbanization, the demand for bio-based succinic acid has increased across various industries.
- Products such as adhesives, solvents, sealants, resins, coatings, and polymers, are produced using bio-based succinic acid. Around 12.1 million metric tons of polymers were manufactured in India during the fiscal year 2021. India's highly varied chemical industry produces almost 80,000 items, augmenting the rise in demand for bio-based succinic acid.
- The key industrial product of succinic acid is 1,4-butanediol (BDO). BDO and its bio-based succinic acid derivatives are the industries' most used products. It is used as an intermediate in engineering plastics, polyurethane systems, etc. Additionally, emerging applications such as BDO, poly (butylene-co-succinate) (PBS), plasticizers (such as polypropylene), and polyester polyols are expected to increase the consumption of bio-based succinic acid during the forecast period.
- In India, Reliance Industries' production capacity for polypropylene reached 3,165 kilotons in 2022. This accounted for more than half of India's polyolefin production capacity, supporting the market growth in the region.
- Hence, due to the above-mentioned reasons, Asia-Pacific is anticipated to witness high growth during the forecast period.
Bio-Based Succinic Acid Industry Overview
The bio-based succinic acid market is consolidated in nature. Some of the major players in the market include BASF SE, Roquette Freres, DSM, Mitsui Chemicals, Inc., and Mitsubishi Chemical Corporation, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Adoption of Green Chemicals
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Higher Cost of Bio-based Succinic Acid
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Industrial
5.1.2 Pharmaceutical
5.1.3 Personal Care
5.1.4 Paints and Coatings
5.1.5 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BASF SE
6.4.2 DSM
6.4.3 Mitsui Chemicals, Inc.
6.4.4 Mitsubishi Chemical Corporation
6.4.5 Roquette Freres
6.4.6 Technip Energies N.V.
6.4.7 Corbion
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Sustainable Dyes Made from Bio-based Succinic Acid
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security