Global Succinic Acid Market Size, By Component (Bio-based, Petro-based), By Application (Polyurethanes, Resins, pigments, coatings, Pharmaceuticals, PBS/PBST, Food, Beverage, Plasticizers, Personal Care, Solvents, Lubricants, De-icer Solutions),- Global Industry Trends, Shares, Competitive Analysis and Segment Forecasts, 2018 to 2025

EXRAND012  |  Upcoming  |  Global  |  NA  |  Under Development

Succinic acid is a water-soluble dicarboxylic acid.   It is obtained from natural as well as synthetic processes. It is colorless, odorless and crystalline substance. Succinate is produced in mitochondria through the tricarboxylic acid cycle (TCA), an energy-yielding process shared by all organisms. It is used as a flavoring agent for food and beverages. The end users of succinic acid are agriculture, food, medicine, plastics, cosmetics, and textiles industry.

Increasing cost of crude oil, increasing investment in green chemicals, rise in environmental awareness and rising demand for renewable chemicals are factors that have fueled the growth of succinic acid market. The price of crude oil per barrel in 2016 was USD 43.74 whereas in 2018 the current price is USD 72.80.Increasing prices of crude oil year on year is compelling users to look for substitutes like succinic acid. The shift from crude oil to succinic acid may impact the growth of succinic acid market. However tedious extraction processes is the major restraint in the growth of the market. Furthermore replacements for maleic anhydride, adipic acid and phthalic anhydride will create new opportunities for the growth of succinic acid market.

The major companies profiled in the succinic acid market include BASF SE,  BioAmber Inc., Myriant Corporation, Koninklijke DSM N.V, Anqing Hexing Chemical Co. Ltd., Yantai Shanshui Chemical Technology Co., Ltd., Astatech, Biopharmaceutical Corp., New Japan Chemical Co., Ltd., Kawasaki Kasei Chemicals, TCI Chemicals Pvt Ltd., and Thirumalai Chemicals Ltd. 

 Based on Component, the Succinic Acid Market has been segmented as follows: 

• Bio-based

• Petro-based

Based on Application, the Succinic Acid Market has been segmented as follows: 

• Polyurethanes

• Resins, pigments & coatings

• Pharmaceuticals

• PBS/PBST

• Food & Beverage

• Plasticizers

• Personal Care

• Solvents & Lubricants

• De-icer Solutions

• Others

Based on Region, the Succinic Acid Market has been segmented as follows: 

• North America

o US

o Canada

• Europe

o Germany

o UK

o France

o Rest of Europe

• Asia Pacific

o Japan 

o China

o India

o Rest of Asia Pacific

• Middle East and Africa

o South Africa

o Rest of Middle East and Africa

• Latin America

o Brazil

o Rest of Latin America



1. Executive Summary

2. Global Succinic Acid Market Overview

2.1. Market Segmentation & Scope

2.2. Product Introduction

2.3. Market Trends

2.3.1. Introduction

2.3.2. Drivers

2.3.2.1. Increasing Cost of Crude Oil

2.3.2.2. Rising Demand For Renewable Chemicals

2.3.2.3. Increasing Investments for Green Chemicals

2.3.2.4.  Growing environmental awareness and government support

2.3.3. Restraint

2.3.3.1.  Higher Price of Succinic Acid

2.3.3.2. Tedious Extraction Processes 

2.3.4. Opportunities

2.3.4.1.  Replacement for Butane-Based Maleic Anhydride 

2.3.4.2. Attractive Replacements for Maleic Anhydride, Adipic acid and Phthalic Anhydride

2.3.5. Supply Chain Analysis

2.3.6. Substitutes Threat

2.3.7. Technology Progress in Related Industry

2.3.8. Consumer Preference Analysis

3. Global Succinic Acid Market by Type

3.1. Succinic Acid Market Type Analysis

3.2. Global Succinic Acid Market Consumption Sales (Kilo Tons) by Types, (2015-2025)

3.3. Global Succinic Acid Market Revenue (USD Million) by Types, 2015-2025

3.4. Global Succinic Acid Market Production Volume (Kilo Tons) by Types, 2015-2025

3.5. Global Succinic Acid Market (Production Volume, Consumption Sales and Revenue) by Type, 2015-2025

3.5.1. Bio-based  Succinic Acid Market Analysis

3.5.2. Petro-based Succinic Acid Market Analysis

3.6. List of Manufacturers, By  Succinic Acids Type

4. Global Succinic Acid Market by Material

4.1. Succinic Acid Market Material Analysis

4.2. Global Succinic Acid Market Consumption Sales by Material, (Kilo Tons), 2015-2025

4.3. Global Succinic Acid Market Revenue (USD Million) by Material, 2015-2025

4.4. Global Succinic Acid Market Production Volume (Kilo Tons) by Material, 2015-2025

5. Global Succinic Acid Market (Production Volume, Consumption Sales and Revenue), by Application, 2015-2025

5.1.1. Polyurethanes Market Analysis

5.1.2. Resins, pigments & coatings Market Analysis

5.1.3. Pharmaceuticals Market Analysis

5.1.4. PBS/PBST Market Analysis

5.1.5. Food & Beverage Materials Market Analysis

5.1.6. Plasticizers Materials Market Analysis

5.1.7. Personal Care Materials Market Analysis

5.1.8. Solvents & Lubricants Materials Market Analysis

5.1.9. De-icer Solutions Materials Market Analysis

5.1.10. Other Materials Market Analysis

5.2. List of Manufacturers, By Succinic Acid Material

6. Global Succinic Acid Market by Region

6.1. Succinic Acid Market Regional Analysis

6.2. Global Succinic Acid  Market Consumption Sales (Kilo Tons) by Region, 2015-2025

6.3. Global Succinic Acid Market Revenue (USD Million) by Region, 2015-2025

6.4. Global Succinic Acid Market Production Volume (Kilo Tons) by Region, 2015-2025

6.5. Global Succinic Acid Market (Consumption Sales, Revenue and Production Volume), 2015-2025

7. North America Succinic Acid Market

7.1. North America Succinic Acid Market Analysis

7.2. North America Succinic Acid Market (Consumption Sales, Production Volume, and Revenue), 2015-2025

7.3. North America Succinic Acid by Country (Consumption Sales and Revenue by Country, (Kilo Tons), 2015-2025

7.3.1. U.S. Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

7.3.2. Canada Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

7.4. Potential Buyers In North America

8. Europe Succinic Acid Market

8.1. Europe Succinic Acid Market Analysis

8.2. Europe Succinic Acid Market (Consumption Sales, Production Volume, and Revenue), 2015-2025

8.3. Europe Succinic Acid Market by Country (Consumption Sales and Revenue), 2015-2025

8.3.1. Germany Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

8.3.2. UK Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

8.3.3. France Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

8.3.4. Rest of Europe Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

8.4. Potential Buyers in Europe

9. Asia Pacific Succinic Acid Market

9.1. Asia Pacific Succinic Acid Market Analysis

9.2. Asia Pacific Succinic Acid Market (Consumption Sales, Production Volume, and Revenue), 2015-2025

9.3. Asia Pacific Succinic Acid Market, by Country (Consumption Sales and Revenue), 2015-2025

9.3.1. China Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

9.3.2. Japan Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

9.3.3. India Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

9.3.4. Rest of Asia Pacific Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

9.4. Potential Buyers in Asia Pacific

10. Latin America Succinic Acid Market

10.1. Latin America Succinic Acid Market Analysis

10.2. Latin America Succinic Acid Market (Consumption Sales, Production Volume, and Revenue), 2015-2025

10.3. Latin America Succinic Acid Market by Country, (Consumption Sales and Revenue, (2015-2025)

10.3.1. Brazil Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

10.3.2. Rest of Latin America Succinic Acid Market (Consumption Sales and Revenue), 2015-2025

10.4. Potential Buyers in Latin America

11. Middle East & Africa Succinic Acid Market

11.1. Middle East & Africa Succinic Acid Market Regional analysis

11.2. Middle East & Africa Succinic Acid Market (Consumption Sales, Production Volume, and Revenue)

11.2.1. Middle East & Africa Succinic Acid Consumption Sales by Country, (Kilo Tons) (2015-2025)

11.2.2. Middle East & Africa Succinic Acid Revenue by Country, (Kilo Tons) 2015-2025

11.2.3. South Africa Succinic Acid Market (Consumption Sales, Production Volume, and Revenue), 2015-2025

11.2.4. Rest of Middle East & Africa Succinic Acid Market (Consumption Sales, Production Volume, and Revenue), 2015-2025

11.3. Potential Buyers in Middle East & Africa

12. Company Profile

12.1. BASF SE

12.1.1. Company Overview 

12.1.2. Financial Overview

12.1.3. Product Benchmarking

12.1.4. Key Developments

12.2. BioAmber Inc.

12.2.1. Company Overview 

12.2.2. Financial Overview

12.2.3. Product Benchmarking

12.2.4. Key Developments

12.3. Myriant Corporation

12.3.1. Company Overview 

12.3.2. Financial Overview

12.3.3. Product Benchmarking

12.3.4. Key Developments

12.4. Koninklijke DSM N.V

12.4.1. Company Overview 

12.4.2. Financial Overview

12.4.3. Product Benchmarking

12.4.4. Key Developments

12.5. Anqing Hexing Chemical Co. Ltd.

12.5.1. Company Overview 

12.5.2. Financial Overview

12.5.3. Product Benchmarking

12.5.4. Key Developments

12.6. Yantai Shanshui Chemical Technology Co., Ltd.

12.6.1. Company Overview 

12.6.2. Financial Overview

12.6.3. Product Benchmarking

12.6.4. Key Developments

12.7. Astatech, Biopharmaceutical Corp

12.7.1. Company Overview 

12.7.2. Financial Overview

12.7.3. Product Benchmarking

12.7.4. Key Developments

12.8. New Japan Chemical Co., Ltd.

12.8.1. Company Overview 

12.8.2. Financial Overview

12.8.3. Product Benchmarking

12.8.4. Key Developments

12.9. Kawasaki Kasei Chemicals

12.9.1. Company Overview 

12.9.2. Financial Overview

12.9.3. Product Benchmarking

12.9.4. Key Developments

12.10. TCI Chemicals Pvt Ltd.

12.10.1. Company Overview 

12.10.2. Financial Overview

12.10.3. Product Benchmarking

12.10.4. Key Developments

13. Succinic Acid Manufacturing Cost Analysis

13.1. Succinic Acid Key Raw Materials Analysis

13.1.1. Key Raw Materials

13.1.2. Price Trend of Key Raw Materials

13.1.3. Market Concentration Rate of Raw Materials

13.1.4. Manufacturing Cost Structure

13.2. Marketing Strategy Analysis

13.2.1. Marketing Type Analysis

13.2.2. Pricing Strategy

13.2.3. Brand Strategy

13.2.4. Consumer Analysis

14. Key Insights

15. Research Methodology