Product Code: 978-1-68038-085-9
Bio-succinic Acid Market Growth & Trends:
The global bio-succinic acid market size is expected to reach USD 272.4 million by 2030, as per a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.6% from 2022 to 2030. The growth is attributed to the rising demand for bio-succinic acid in several end-use industries such as food and beverages, pharmaceuticals, and personal care and cosmetics.
The growing demand in multiple industries is due to the increase in awareness regarding the availability of substitutes in the market against various harmful chemical substances. The growing utilization of bio-succinic acid in several applications such as BDO, resins, and polyurethanes is also expected to drive the product demand in the near future. Additionally, the growing population and ongoing urbanization and industrialization have led the government of emerging economies to increase their manufacturing expenses to cater to the rising demand for bio-succinic acid.
The product is majorly utilized in the formulation of various plastics, fibers, solvents, and polymers. The demand pattern for various end-use applications is highly dependent on the regional regulations imposed by the government. The increase in construction and infrastructure projects in emerging economies is also expected to trigger the demand.
The global demand for bio-succinic acid was less impacted by the COVID-19 crisis, considering its usage in essential pharmaceutical products along with its application in food and beverages, personal and skincare, and cosmetic products as an anti-biotic agent, which is viewed as a substitute for the previously used harmful chemicals. The global market is expected to witness tremendous growth because of its inclusion in the research and development process related to its use in the pharmaceutical industry.
Bio-succinic Acid Market Report Highlights:
- The polyester polyols application segment is expected to register the highest revenue-based CAGR of 11.1% over the forecast period owing to the wide application of the product in the process of manufacturing polyurethanes and its growing demand from the downstream application industries
- The food and beverages end-use segment is expected to register the highest growth rate of 11.1% in terms of revenue over the forecast period because of the increasing consumer awareness regarding the benefits of bio-based chemicals in the industry
- The use of bio-succinic acid was viewed as an alternative to the usage of succinic acid, which required many chemicals that were harmful. Bio-succinic acid helps to reduce climate change as it replaces petrochemicals, which ensures a clean environment
- The Asia Pacific region is expected to register the highest growth rate of 11.3% in terms of revenue over the forecast period. This is attributed to the rising demand from the pharmaceutical industry in the region and increased awareness regarding a bio-based economy
- Companies such as BASF SE, BioAmber, Myriant Technologies, and DSM have been a part of this industry. These companies take many strategic decisions such as mergers, partnerships, and acquisitions to expand their reach of products
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Information Procurement
- 1.2.1 Purchased Database
- 1.2.2 GVR's Internal Database
- 1.3 Information analysis
- 1.4 Market formulation & data visualization
- 1.5 Data validation & publishing
- 1.5.1 Research scope and assumptions
- 1.5.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segmental Outlook
- 2.3 Competitive Insights
Chapter 3 Bio-succinic Acid Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Industry Value Chain Analysis
- 3.3.1 Raw Material Trends
- 3.3.2 Manufacturing & Technology Trends
- 3.3.3 Sales Channel Analysis
- 3.4 Price Trend Analysis
- 3.4.1 Factors Influencing Prices
- 3.5 Regulatory Framework
- 3.6 Impact of COVID-19 Pandemic
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Rising global demand for BDO
- 3.7.1.2 Growing demand for PBS from global Packaging Industry
- 3.7.2 Market Restraint Analysis
- 3.7.2.1 High Prices of Bio-succinic acid worldwide
- 3.7.3 Industry Challenges
- 3.7.4 Market Opportunities Analysis
- 3.8 Industry Analysis - Porter's Analysis
- 3.9 Macro-Economic Analysis
Chapter 4 Bio-succinic Acid Market: Application Estimates & Trend Analysis
- 4.1 Application Movement Analysis & Market Share, 2021 & 2030
- 4.2 Bio-succinic Acid market size & forecasts and trend analysis by application, 2018 - 2030 (Tons) (USD Thousand)
- 4.2.1 BDO
- 4.2.1.1 Bio-succinic Acid Market Estimates and Forecasts, in BDO, 2018 - 2030 (Tons) (USD Thousand)
- 4.2.2 Polyester Polyols
- 4.2.2.1 Bio-succinic Acid Market Estimates and Forecasts, in Polyesters Polyols, 2018 - 2030 (Tons) (USD Thousand)
- 4.2.3 Plasticizers
- 4.2.3.1 Bio-succinic Acid Market Estimates and Forecasts, in Plasticizers, 2018 - 2030 (Tons) (USD Thousand)
- 4.2.4 PBS/PBST
- 4.2.4.1 Bio-succinic Acid Market Estimates and Forecasts, in PBS/PBST, 2018 - 2030 (Tons) (USD Thousand)
- 4.2.5 Alkyd Resins
- 4.2.5.1 Bio-succinic Acid Market Estimates and Forecasts, in Alkyd Resins, 2018 - 2030 (Tons) (USD Thousand)
- 4.2.6 Others
- 4.2.6.1 Bio-succinic Acid Market Estimates and Forecasts, in Others, 2018 - 2030 (Tons) (USD Thousand)
Chapter 5 Bio-succinic Acid Market: End-use Estimates & Trend Analysis
- 5.1 End-use Movement Analysis & Market Share, 2021 & 2030
- 5.2 Bio-succinic Acid market size & forecasts and trend analysis, by end use, 2018 - 2030 (Tons) (USD Thousand)
- 5.2.1 Industrial
- 5.2.1.1 Bio-succinic Acid Market Estimates and Forecasts, in Industrial, 2018 - 2030 (Tons) (USD Thousand)
- 5.2.2 Food & Beverage
- 5.2.2.1 Bio-succinic Acid Market Estimates and Forecasts, in Food and Beverages, 2018 - 2030 (Tons) (USD Thousand)
- 5.2.3 Pharmaceuticals
- 5.2.3.1 Bio-succinic Acid Market Estimates and Forecasts, in Pharmaceuticals, 2018 - 2030 (Tons) (USD Thousand)
- 5.2.4 Personal Care & Cosmetics
- 5.2.4.1 Bio-succinic Acid Market Estimates and Forecasts, in Personal Care & Cosmetics, 2018 - 2030 (Tons) (USD Thousand)
- 5.2.5 Others
- 5.2.5.1 Bio-succinic Acid Market Estimates and Forecasts, in Others, 2018 - 2030 (Tons) (USD Thousand)
Chapter 6 Bio-succinic Acid Market: Regional Estimates & Trend Analysis
- 6.1 Regional Movement Analysis & Market Share, 2021 & 2030
- 6.2 Bio-succinic Acid market size & forecasts and trend analysis by region, 2018 - 2030 (Tons) (USD Thousand)
- 6.2.1 North America
- 6.2.1.1 North America Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.1.2 North America Bio-succinic Acid Market Estimates & Forecasts, by End use (Tons) (USD Thousand)
- 6.2.1.3 U.S.
- 6.2.1.3.1 U.S. Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.1.3.2 U.S. Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.1.4 Canada
- 6.2.1.4.1 Canada Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.1.4.2 Canada Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.1.5 Mexico
- 6.2.1.5.1 Mexico Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.1.5.2 Mexico Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.2 Europe
- 6.2.2.1 Europe Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.2.2 Europe Bio-succinic Acid Market Estimates & Forecasts, by End use (Tons) (USD Thousand)
- 6.2.2.3 Germany
- 6.2.2.3.1 Germany Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.2.3.2 Germany Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.2.4 U.K.
- 6.2.2.4.1 U.K. Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.2.4.2 U.K. Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.2.5 France
- 6.2.2.5.1 France Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.2.5.2 France Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.2.6 Italy
- 6.2.2.6.1 Italy Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.2.6.2 Italy Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.2.7 Spain
- 6.2.2.7.1 Spain Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.2.7.2 Spain Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.3 Asia Pacific
- 6.2.3.1 Asia Pacific Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.3.2 Asia Pacific Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
- 6.2.3.3 China
- 6.2.3.3.1 China Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.3.3.2 China Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.3.4 India
- 6.2.3.4.1 India Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.3.4.2 India Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.3.5 Japan
- 6.2.3.5.1 Japan Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.3.5.2 Japan Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.3.6 South Korea
- 6.2.3.6.1 South Korea Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.3.6.2 South Korea Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.3.7 Thailand
- 6.2.3.7.1 Thailand Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.3.7.2 Thailand Bio-succinic Acid Market Estimates & Forecasts, by End-use (Tons) (USD Thousand)
- 6.2.4 Central & South America
- 6.2.4.1 Central & South America Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.4.2 Central & South America Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
- 6.2.4.3 Brazil
- 6.2.4.3.1 Brazil Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.4.3.2 Brazil Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
- 6.2.4.4 Argentina
- 6.2.4.4.1 Argentina Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.4.4.2 Argentina Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
- 6.2.5 Middle East & Africa
- 6.2.5.1 Middle East & Africa Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.5.2 Middle East & Africa Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
- 6.2.5.3 Saudi Arabia
- 6.2.5.3.1 Saudi Arabia Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.5.3.2 Saudi Arabia Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
- 6.2.5.4 South Africa
- 6.2.5.4.1 South Africa Bio-succinic Acid Market Estimates & Forecasts, by Application (Tons) (USD Thousand)
- 6.2.5.4.2 South Africa Bio-succinic Acid Market Estimates & Forecasts, by End Use (Tons) (USD Thousand)
Chapter 7 Bio-succinic Acid Market: Competitive Analysis Estimates & Trend Analysis
- 7.1 Key Existing and Future Developments & Their Impact on The Industry
- 7.2 Company Market Positioning
- 7.3 Vendor Landscape
- 7.3.1 List of Key Raw Material Suppliers
- 7.3.2 List of Key Manufacturers
- 7.3.3 List of Key Distributors/Suppliers
- 7.3.4 Production Capacity Analysis
- 7.3.5 List of Potential End-users
- 7.4 Strategic Framework
Chapter 8 Bio-succinic Acid Market: Competitive Analysis Estimates & Trend Analysis
- 8.1 BASF SE
- 8.1.1 Company Overview
- 8.1.2 Financial Performance
- 8.1.3 Product Benchmarking
- 8.1.4 Strategic Initiatives
- 8.2 DSM
- 8.2.1 Company Overview
- 8.2.2 Financial Performance
- 8.2.3 Product Benchmarking
- 8.2.4 Strategic Initiatives
- 8.3 Roquette Freres
- 8.3.1 Company Overview
- 8.3.2 Financial Performance
- 8.3.3 Product Benchmarking
- 8.3.4 Startegic Initiatives
- 8.4 BioAmber
- 8.4.1 Company Overview
- 8.4.2 Product Benchmarking
- 8.4.3 Strategic Initiatives
- 8.5 Myriant Corporation
- 8.5.1 Company Overview
- 8.5.2 Product Benchmarking
- 8.6 Kawasaki Kasei Chemicals
- 8.6.1 Company Overview
- 8.6.2 Financial Performance
- 8.6.3 Product Benchmarking
- 8.6.4 Strategic Initiatives
- 8.7 Mitsui & Co., Ltd.
- 8.7.1 Company Overview
- 8.7.2 Financial performance
- 8.7.3 Product portfolio
- 8.7.4 Strategic Initiatives
- 8.8 Mitsubishi Chemical Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial performance
- 8.8.3 Product portfolio
- 8.8.4 Strategic Initiatives