Succinic Acid Market is projected to reach 271.55 million by 2029

Name: Succinic Acid Market by Type (Bio-Based Succinic Acid, Petro-Based Succinic Acid), End-use industry (Industrial, Food & Beverage, Coatings, Pharmaceutical) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2023 to 2029
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Author: Exactitude Consultancy
ISBN: 19185

The global Succinic Acid market was valued at 171.34 million in 2022, and is projected to reach 271.55 million by 2029, growing at a CAGR of 6.2% from 2023 to 2029.

Succinic Acid Market Overview:

Succinic acid, which has the generic chemical formula (CH2)2(CO2H2)2, is a dicarboxylic acid. The succinate anion, which is found in the human body and plays a variety of biological roles as well as serving as a metabolic intermediate, is a form of succinic acid. Succinic acid is a solid that may be made both artificially and naturally. It has no smell, no colour, and is soluble in water. Microbial fermentation of glucose from source materials such sugarcane, maize, tapioca, and wheat results in the natural production of succinic acid. One of the essential raw materials utilized in the synthesis of succinic acid is n-butane.

Making use of maleic anhydride, succinic acid is created synthetically. The acid has four carbons and is crystalline. To improve the flavour of beverages, sausages, and relishes, succinic acid is mostly employed as an acidifier. The production of lacquers, the creation of scent esters, and the manufacture of pharmaceuticals all employ it as a chemical intermediate. Succinic acid has the ability to serve as a buffer and a neutralizing agent. There is more flexibility in the composition of beverages and powdered foods thanks to this non-hygroscopic acid's increased solubility in water. In several sectors, including the pharmaceutical, chemical, and food ones, succinic acid is frequently employed. Today, petroleum feedstock is used to produce a significant amount of succinic acid.

ATTRIBUTE	DETAILS
Study period	2022-2029
Base year	2021
Estimated year	2022
Forecasted year	2022-2029
Historical period	2018-2020
Unit	Value (USD million), Volume (Kilotons)
Segmentation	By Type, By End-use Industry, By Region.
By Type	Bio-Based Succinic Acid Petro-Based Succinic Acid
By End-Use Industry	Industrial Food & Beverage Coatings Pharmaceutical
By Region	North America Europe Asia Pacific South America Middle East and Africa

In the upcoming years, the market is expected to increase due to rising demand for bio-based chemicals, acetic acid, rising per capita income around the world, shifting dietary trends, and rising demand from the beverage and food industries. The demand for plasticizers is anticipated to rise, which will fuel succinic acid demand worldwide. Plasticizers are generally used in the manufacturing of polyvinyl chloride as additives (PVC). There are many industries that employ PVC. The market for succinic acid is driven by this. PVC pipes, polyvinyl butyral (PVB), and other goods are produced using plasticizers as of their low volatility and low viscosity.

The succinic acid market is a capital-intensive one, and the downtime associated with succinic acid's entry as an intermediate into the existing material or application also costs the end-use industries significantly. Succinic acid made from petroleum has substantial R&D expenses in terms of manpower and raw resources. The failure of bio-based succinic acid to replace petro-based succinic acid due to lack of cost-competitiveness and performance concerns has raised demand for petro-based succinic acid. Setting up succinic acid production facilities for both petro-based and renewable chemicals requires a sizable capital investment, advanced technology, a sufficient supply of raw materials, as well as rigorous micro-scale R&D to produce a high-quality product.

The influence of Covid 19 on the succinic acid market has been substantial for the fluctuating price of crude oil, which restrains total growth. The increased production of bio-succinic acid throughout the forecast period is anticipated to be a challenge to the market due to the growing acceptance of sustainable practises among chemical makers. Nonetheless, succinic acid is frequently utilised as a flavouring component in foods and beverages. Among other things, it's used to create chemical compounds, perfumes, coatings, photographic compounds, sticky polymers, emulsifiers, and paints. Opioids, antispasmers, antiphlogistic, anrhoeic, and contraceptive medicines are also made with it. The market for food succinic acid as a whole is anticipated to grow primarily as a result of increased needs in the food and beverage industry.

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Succinic Acid Market | Exactitude Consultancy[/caption]

Frequently Asked Questions

• What is the worth of the global succinic acid market?

The global succinic acid market was valued at 171.34 million in 2022 and is projected to reach 271.55 million by 2029, growing at a CAGR of 6.8% from 2022 to 2029

• Which market segments are covered in the report on the succinic acid market?

Based on by type, by end-use industry, and by region the succinic acid market report's divisions are broken down.

• What is the CAGR of the succinic acid market?

The global succinic acid market registered a CAGR of 6.8% from 2022 to 2029. The industry segment was the highest revenue contributor to the market.

• Which are the top companies to hold the market share in the succinic acid market?

Key players profiled in the report include BioAmber, GC Innovation America, Succinity GmbH, Reverdia, Nippon Shokubai, BASF SE, Myriant Corporation, Parchem, Dow Chemicals, Ernesto Ventos S.A., Kawasaki Kasei Chemicals Ltd., Mitsubishi Chemical Corporation and others

• Which is the largest regional market for succinic acid market?

Succinic acid has a sizable market in Asia Pacific in terms of both production and consumption. The demand for succinic acid is anticipated to increase with growth in sectors like pharmaceuticals, chemicals, and food and beverage, among others, in growing economies like China and India.

Succinic Acid Market Segment Analysis:

Based on type, end-use industry, and geography, the global market for succinic acid is divided into these categories.

On the basis of type, succinic acid is divided into two types bio-based succinic acid, petro-based succinic acid.

With a market share of more than 50.0% in revenue in 2021, the petro-based type dominated the world market. This is a result of the substitution of succinic acid derived from petroleum for adipic acid in the manufacturing of polyurethane. The oxidation of butane's methyl groups to the matching carboxy group yields the petro-based version. It has a wide range of uses, such as the creation of flavour enhancers and plasticizers for a number of packaged food products. The expansion of the segment is anticipated to be fueled by the rising demand from the food and beverage, personal care, and industrial sectors.

In compared to bio-based succinic acid, petroleum-based succinic acid is more efficient and more cost-effective. Also, it has a wide range of applications in the chemical sector for the production of PBS as well as the food and beverage business as a taste enhancer.

The market is divided into industrial, coating, food and beverage, cosmetics, and pharmaceuticals categories based on end-user. The succinic acid market's largest end-use sector is industrial application. Due, to widely utilised in PBS/PBST for food packaging, which is non-toxic, biodegradable, and also has superior heat resistance and processability than other biopolymers, succinic acid is in high demand for industrial uses. The rising disposable income, shifting consumer lifestyle, rising use of plastics, and expanding packaging sector are the main drivers of the succinic acid market.

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Succinic Acid Market | Exactitude Consultancy[/caption]

Succinic Acid Market Players:

The major players operating in the global Succinic Acid industry include BioAmber, GC Innovation America, Succinity GmbH, Reverdia, Nippon Shokubai, BASF SE, Myriant Corporation, Parchem, Dow Chemicals, Ernesto Ventos S.A., Kawasaki Kasei Chemicals Ltd., Mitsubishi Chemical Corporation and others

9 February 2023: NIPPON SHOKUBAI CO., LTD had acquired ISCC PLUS certification1 for 19 products including acrylic acid, superabsorbent polymers (hereinafter “SAP”) and ethylene oxide produced at its Himeji Plant and Kawasaki Plant.

31 May 2022: Nippon Shokubai and Arkema are joining forces to launch feasibility studies and establish a joint venture for the construction of an industrial plant for the production of LiFSI (Lithium bis (fluor sulfonyl) imide) ultrapure electrolyte salt, a key component of battery cells for electric mobility.

Who Should Buy? Or Key Stakeholders

Manufacturing
End Use industries
Automotive Industries
Industrial Vehicles
Aviation
Regulatory Authorities
Research Organizations
Metal Processing Industries
Construction

Succinic Acid Market Regional Analysis:

Geographically, the Succinic Acid market is segmented into North America, South America, Europe, APAC and MEA.

North America: includes the US, Canada, Mexico
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

Succinic acid has a sizable market in Asia Pacific in terms of both production and consumption. The demand for succinic acid is anticipated to increase with growth in sectors like pharmaceuticals, chemicals, and food and beverage, among others, in growing economies like China and India. Due to strong support for the manufacturing sector, labour availability, and growing interest from western firms to harness the potential of nations like China and India, the Asia Pacific succinic acid market will have the quickest growth during the projected years (2019-2026). Succinic acid is a great replacement for traditionally produced compounds since it is cost-competitive.

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Succinic Acid Market | Exactitude Consultancy[/caption]

Key Market Segments: Succinic Acid Market

Succinic Acid Market By Type, 2020-2029, (USD Million) (Kilotons)

Bio-Based Succinic Acid
Petro-Based Succinic Acid

Succinic Acid Market By End-Use Industry, 2020-2029, (USD Million) (Kilotons)

Industrial
Food & Beverage
Coatings
Pharmaceutical

Succinic Acid Market By Region, 2022-2029, (USD Million) (Kilotons)

North America
Europe
Asia Pacific
South America
Middle East And Africa

Important Countries In All Regions Are Covered

Exactitude Consultancy Services Key Objectives:

Increasing sales and market share
Developing new technology
Improving profitability
Entering new markets
Enhancing brand reputation

Key Question Answered

What is the expected growth rate of the succinic acid market over the next 7 years?
Who are the major players in the succinic acid market and what is their market share?
What are the end-user industries driving demand for market and what is their outlook?
What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
How is the economic environment affecting the Succinic Acid market, including factors such as interest rates, inflation, and exchange rates?
What is the expected impact of government policies and regulations on the succinic acid market?
What is the current and forecasted size and growth rate of the global succinic acid market?
What are the key drivers of growth in the succinic acid market?
Who are the major players in the market and what is their market share?
What are the distribution channels and supply chain dynamics in the succinic acid market?
What are the technological advancements and innovations in the succinic acid market and their impact on product development and growth?
What are the regulatory considerations and their impact on the market?
What are the challenges faced by players in the succinic acid market and how are they addressing these challenges?
What are the opportunities for growth and expansion in the succinic acid market?
What are the product offerings and specifications of leading players in the market?
What is the pricing trend of succinic acid in the market and what is the impact of raw material prices on the price trend?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations

Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources

Executive Summary

Market Overview
1. Global Succinic Acid Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact of Covid-19 On Succinic Acid Market
3. Porter’s five forces model
  1. Threat from new entrants
  2. Threat from substitutes
  3. Bargaining power of suppliers
  4. Bargaining power of customers
  5. Degree of competition
4. Industry value chain Analysis

Global Succinic Acid Market by Type, 2020-2029, (USD MILLION) (KILOTONS)
1. Bio-Based Succinic Acid
2. Petro-Based Succinic Acid

Global Succinic Acid Market by End-Use Industry, 2020-2029, (USD MILLION) (KILOTONS)
1. Industrial
2. Food & Beverage
3. Coatings
4. Pharmaceutical

Global Succinic Acid Market by Region, 2020-2029, (USD MILLION) (KILOTONS)
1. North America
  1. US
  2. Canada
  3. Mexico
2. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest of South America
3. Europe
  1. Germany
  2. UK
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest of Europe
4. Asia Pacific
  1. India
  2. China
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest of Asia Pacific
5. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest of Middle East and Africa

Company Profiles*

(Business Overview, Company Snapshot, Products Offered, Recent Developments)

BioAmber

GC Innovation America

Succinity GmbH

Reverdia

Nippon Shokubai

BASF SE

Myriant Corporation

Parchem

Dow Chemicals

Ernesto Ventos S.A.

Kawasaki Kasei Chemicals Ltd.

Mitsubishi Chemical Corporation

*The Company List Is Indicative

LIST OF TABLES

TABLE 1          GLOBAL SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 2          GLOBAL SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 3          GLOBAL SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 4          GLOBAL SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 5          GLOBAL SUCCINIC ACID MARKET BY REGION (USD MILLION) 2020-2029

TABLE 6          GLOBAL SUCCINIC ACID MARKET BY REGION (KILOTONS) 2020-2029

TABLE 7          NORTH AMERICA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 8          NORTH AMERICA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 9          NORTH AMERICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 10       NORTH AMERICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 11       NORTH AMERICA SUCCINIC ACID MARKET BY COUNTRY (USD MILLION) 2020-2029

TABLE 12       NORTH AMERICA SUCCINIC ACID MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 13       US SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 14       US SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 15       US SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 16       US SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 17       CANADA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 18       CANADA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 19       CANADA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 20       CANADA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 21       MEXICO SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 22       MEXICO SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 23       MEXICO SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 24       MEXICO SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 25       SOUTH AMERICA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 26       SOUTH AMERICA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 27       SOUTH AMERICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 28       SOUTH AMERICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 29       SOUTH AMERICA SUCCINIC ACID MARKET BY COUNTRY (USD MILLION) 2020-2029

TABLE 30       SOUTH AMERICA SUCCINIC ACID MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 31       BRAZIL SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 32       BRAZIL SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 33       BRAZIL SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 34       BRAZIL SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 35       ARGENTINA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 36       ARGENTINA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 37       ARGENTINA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 38       ARGENTINA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 39       COLOMBIA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 40       COLOMBIA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 41       COLOMBIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 42       COLOMBIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 43       REST OF SOUTH AMERICA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 44       REST OF SOUTH AMERICA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 45       REST OF SOUTH AMERICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 46       REST OF SOUTH AMERICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 47       ASIA-PACIFIC SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 48       ASIA-PACIFIC SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 49       ASIA-PACIFIC SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 50       ASIA-PACIFIC SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 51       ASIA-PACIFIC SUCCINIC ACID MARKET BY COUNTRY (USD MILLION) 2020-2029

TABLE 52       ASIA-PACIFIC SUCCINIC ACID MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 53       INDIA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 54       INDIA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 55       INDIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 56       INDIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 57       CHINA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 58       CHINA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 59       CHINA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 60       CHINA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 61       JAPAN SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 62       JAPAN SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 63       JAPAN SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 64       JAPAN SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 65       SOUTH KOREA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 66       SOUTH KOREA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 67       SOUTH KOREA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 68       SOUTH KOREA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 69       AUSTRALIA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 70       AUSTRALIA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 71       AUSTRALIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 72       AUSTRALIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 73       SOUTH-EAST ASIA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 74       SOUTH-EAST ASIA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 75       SOUTH-EAST ASIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 76       SOUTH-EAST ASIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 77       REST OF ASIA PACIFIC SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 78       REST OF ASIA PACIFIC SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 79       REST OF ASIA PACIFIC SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 80       REST OF ASIA PACIFIC SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 81       EUROPE SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 82       EUROPE SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 83       EUROPE SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 84       EUROPE SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 85       EUROPE SUCCINIC ACID MARKET BY COUNTRY (USD MILLION) 2020-2029

TABLE 86       EUROPE SUCCINIC ACID MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 87       GERMANY SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 88       GERMANY SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 89       GERMANY SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 90       GERMANY SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 91       UK SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 92       UK SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 93       UK SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 94       UK SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 95       FRANCE SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 96       FRANCE SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 97       FRANCE SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 98       FRANCE SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 99       ITALY SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 100     ITALY SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 101     ITALY SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 102     ITALY SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 103     SPAIN SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 104     SPAIN SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 105     SPAIN SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 106     SPAIN SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 107     RUSSIA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 108     RUSSIA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 109     RUSSIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 110     RUSSIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 111     REST OF EUROPE SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 112     REST OF EUROPE SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 113     REST OF EUROPE SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 114     REST OF EUROPE SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 115     MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 116     MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 117     MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 118     MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 119     MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY COUNTRY (USD MILLION) 2020-2029

TABLE 120     MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY COUNTRY (KILOTONS) 2020-2029

TABLE 121     UAE SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 122     UAE SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 123     UAE SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 124     UAE SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 125     SAUDI ARABIA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 126     SAUDI ARABIA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 127     SAUDI ARABIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 128     SAUDI ARABIA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 129     SOUTH AFRICA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 130     SOUTH AFRICA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 131     SOUTH AFRICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 132     SOUTH AFRICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

TABLE 133     REST OF MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY TYPE (USD MILLION) 2020-2029

TABLE 134     REST OF MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY TYPE (KILOTONS) 2020-2029

TABLE 135     REST OF MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (USD MILLION) 2020-2029

TABLE 136     REST OF MIDDLE EAST AND AFRICA SUCCINIC ACID MARKET BY END-USE INDUSTRY (KILOTONS) 2020-2029

LIST OF FIGURES

FIGURE 1       MARKET DYNAMICS

FIGURE 2       MARKET SEGMENTATION

FIGURE 3       REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4       DATA TRIANGULATION

FIGURE 5       BOTTOM-UP APPROACH

FIGURE 6       TOP-DOWN APPROACH

FIGURE 7       RESEARCH FLOW

FIGURE 8       GLOBAL SUCCINIC ACID MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9      GLOBAL SUCCINIC ACID MARKET BY END-USE INDUSTRY, USD MILLION, 2020-2029

FIGURE 10     GLOBAL SUCCINIC ACID MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11     PORTER’S FIVE FORCES MODEL

FIGURE 12    GLOBAL SUCCINIC ACID MARKET BY TYPE, USD MILLION, 2021

FIGURE 13     GLOBAL SUCCINIC ACID MARKET BY END-USE INDUSTRY, USD MILLION, 2021

FIGURE 14     GLOBAL SUCCINIC ACID MARKET BY REGION USD MILLION 2021

FIGURE 15     MARKET SHARE ANALYSIS

FIGURE 16     BIOAMBER: COMPANY SNAPSHOT

FIGURE 17     GC INNOVATION AMERICA: COMPANY SNAPSHOT

FIGURE 18     SUCCINITY GMBH: COMPANY SNAPSHOT

FIGURE 19     REVERDIA: COMPANY SNAPSHOT

FIGURE 20     NIPPON SHOKUBAI: COMPANY SNAPSHOT

FIGURE 21     BASF SE: COMPANY SNAPSHOT

FIGURE 22     MYRIANT CORPORATION: COMPANY SNAPSHOT

FIGURE 23     PARCHEM: COMPANY SNAPSHOT

FIGURE 24     DOW CHEMICALS: COMPANY SNAPSHOT

FIGURE 25     ERNESTO VENTOS S.A.: COMPANY SNAPSHOT

FIGURE 26     KAWASAKI KASEI CHEMICALS LTD.: COMPANY SNAPSHOT

FIGURE 27     MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT

Identifying Key Products in the Market

The identification of key products in any market is pivotal for understanding what drives consumer interest, technological innovation, and competitive advantage. Here’s how to approach this:
Market Analysis Reports: Start with syndicated market analysis reports from firms like Nielsen, Euromonitor, or specialized industry analysts. These reports often highlight leading products based on sales data, innovation, and consumer feedback.
Patent Filings: Reviewing patent filings can provide insight into technological innovations and future products that may impact the market. Databases like the United States Patent and Trademark Office (USPTO) or the World Intellectual Property Organization (WIPO) can be invaluable.
Ecommerce Platforms and Retailer Websites: Analyzing bestselling products and customer reviews on platforms such as Amazon, Flipkart, or direct retailer websites can offer direct insights into consumer preferences and product popularity.
Consumer Surveys and Feedback: Conducting surveys or analyzing online forums and social media can reveal consumer preferences, pain points, and desired features in products. Tools like SurveyMonkey, Google Surveys, or social listening platforms can facilitate this process.

Segmenting the Market and Products

Market and product segmentation is crucial for targeting marketing efforts and product development. Here’s a methodology for segmenting based on technical specifications:
Technical Specifications Review: Compile a comprehensive list of products within the market, focusing on their technical specifications. This could involve processor speeds for electronics, ingredients for food products, or material composition for apparel.
Factor Analysis: Use statistical techniques like factor analysis to group products based on shared technical specifications. This method helps identify underlying relationships between different specifications and how they cluster together.
Expert Consultation: Engage with industry experts or technical specialists to ensure that the segmentation makes sense from both a market and a technical perspective. This step ensures the practical relevance of the segments identified.

Identifying and Classifying Key Application Segments

Understanding how products are used in different applications is essential for market strategy:
Use Case Analysis: Identify common use cases for products by reviewing product literature, customer testimonials, and case studies. This helps understand the variety of applications each product serves.
Industry Surveys: Conduct surveys targeting professionals in the field to understand how and why certain products are preferred in specific applications. This can also reveal unmet needs in the market.
ApplicationBased Segmentation: Group products based on their primary applications, considering factors such as industry use, consumer vs. professional use, and environmental conditions.

Calculating Market Size Using TopDown and BottomUp Approaches

Estimating the market size accurately is fundamental for strategic planning:
TopDown Approach: Start with global industry data and narrow down to the target market by applying known market shares or segmentation percentages. Industry reports and financial databases are key sources for this approach.
BottomUp Approach: Aggregate sales data or unit shipments from all known market participants. This might require gathering data from company reports, industry associations, and sales channels.
Combining Approaches: Validate the market size estimates by comparing the results from both approaches. Discrepancies can highlight areas requiring further investigation.

Calculating the CAGR for the Market

The Compound Annual Growth Rate (CAGR) is a useful measure to understand market growth over time:
Historical Sales Data: Gather historical sales or market size data over a defined period. Public company filings, industry reports, and government databases can be sources for this data.
CAGR Formula: Apply the CAGR formula \[CAGR = (EV/BV)^{1/n} 1\], where EV is the end value, BV is the beginning value, and n is the number of periods.
Segment and Overall Market CAGR: Calculate CAGR for both the overall market and individual segments to understand growth patterns.

Sources for Secondary or Desk Research

Identifying the right sources is crucial for accurate desk research:
Industry and Market Research Reports: Sources like IBISWorld, Statista, and Frost & Sullivan offer comprehensive industry reports.
Government and International Organizations: Websites of the U.S. Census Bureau, World Bank, and OECD provide economic and industry specific data.
Academic Journals: Platforms like Google Scholar and JSTOR can offer peer reviewed articles on market trends and consumer behavior.
News Archives and Trade Publications: Stay informed on industry developments through sources like Bloomberg, Reuters, and specific trade journals relevant to the market in question.
Each of these steps requires careful consideration and a systematic approach to ensure that the market research report is robust, insightful, and actionable.

Succinic Acid Market

Base Year Value ()

CAGR ()

Forecast Year Value ()

Historical Data Period

Largest Region

Forecast Period

Succinic Acid Market by Type (Bio-Based Succinic Acid, Petro-Based Succinic Acid), End-use industry (Industrial, Food & Beverage, Coatings, Pharmaceutical) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2023 to 2029

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