Product Code: 24066
The Global Bio-Succinic Acid Market, valued at USD 131.96 Million in 2024, is projected to experience a CAGR of 4.54% to reach USD 172.25 Million by 2030. Bio-succinic acid is a dicarboxylic acid derived from renewable biomass through fermentation, offering an environmentally conscious alternative to its petrochemical counterpart. The market's expansion is primarily driven by escalating demand for sustainable chemicals across diverse sectors and supportive environmental regulations promoting bio-based materials.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 131.96 Million |
| Market Size 2030 | USD 172.25 Million |
| CAGR 2025-2030 | 4.54% |
| Fastest Growing Segment | Personal Care and Cosmetics |
| Largest Market | Europe |
Key Market Drivers
The global bio-succinic acid market is significantly influenced by two primary drivers: increasing demand for sustainable and eco-friendly products, and continuous advancements in fermentation technologies. The escalating consumer and industrial preference for materials with reduced environmental impact directly stimulates the market for bio-based alternatives like bio-succinic acid, which serves as a renewable building block.
Key Market Challenges
The inherent challenge of achieving cost competitiveness with petroleum-derived succinic acid significantly hampers the growth of the Global Bio-Succinic Acid Market. The complex nature of fermentation processes and the substantial capital investment required for constructing and operating large-scale biorefineries contribute to elevated production costs for bio-succinic acid. This results in a higher market price compared to its conventional, petrochemical-derived counterpart. Industries prioritizing cost efficiency often select the more affordable fossil-based succinic acid, thereby limiting the adoption and market penetration of the bio-based alternative despite its environmental advantages.
Key Market Trends
This trend reflects the increasing integration of bio-succinic acid as a fundamental building block across a broader spectrum of bioplastics and bio-based polymers. Its versatility in imparting desired properties like biodegradability and improved performance meets escalating demand for sustainable materials in sectors such as packaging, automotive, and consumer goods. The continuous development of novel polymer formulations incorporating bio-succinic acid drives market growth.
Key Market Players
- BASF SE
- Roquette Freres SA
- Koninklijke DSM N.V.
- BioAmber Inc.
- Myriant Corporation
- Kawasaki Kasei Chemicals Ltd
- Mitsui & Co., Ltd
- Corbion N.V.
- Nippon Shokubai Co., Ltd.
- Mitsubishi Chemical Group Corporation
Report Scope:
In this report, the Global Bio-Succinic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Bio-Succinic Acid Market, By Application:
- BDO
- Polyester Polyols
- Plasticizers
- PBS/PBST
- Alkyd Resins
- Polymers and Esters
- Solvents and Coatings
- Others
Bio-Succinic Acid Market, By End User:
- Food and Beverages
- Pharmaceuticals
- Personal Care and Cosmetics
- Others
Bio-Succinic Acid Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Bio-Succinic Acid Market.
Available Customizations:
Global Bio-Succinic Acid Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Bio-Succinic Acid Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Application (BDO, Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins, Polymers and Esters, Solvents and Coatings, Others)
- 5.2.2. By End User (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Bio-Succinic Acid Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By End User
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Bio-Succinic Acid Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Application
- 6.3.1.2.2. By End User
- 6.3.2. Canada Bio-Succinic Acid Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Application
- 6.3.2.2.2. By End User
- 6.3.3. Mexico Bio-Succinic Acid Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Application
- 6.3.3.2.2. By End User
7. Europe Bio-Succinic Acid Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By End User
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Bio-Succinic Acid Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Application
- 7.3.1.2.2. By End User
- 7.3.2. France Bio-Succinic Acid Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Application
- 7.3.2.2.2. By End User
- 7.3.3. United Kingdom Bio-Succinic Acid Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Application
- 7.3.3.2.2. By End User
- 7.3.4. Italy Bio-Succinic Acid Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Application
- 7.3.4.2.2. By End User
- 7.3.5. Spain Bio-Succinic Acid Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Application
- 7.3.5.2.2. By End User
8. Asia Pacific Bio-Succinic Acid Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By End User
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Bio-Succinic Acid Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Application
- 8.3.1.2.2. By End User
- 8.3.2. India Bio-Succinic Acid Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Application
- 8.3.2.2.2. By End User
- 8.3.3. Japan Bio-Succinic Acid Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Application
- 8.3.3.2.2. By End User
- 8.3.4. South Korea Bio-Succinic Acid Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Application
- 8.3.4.2.2. By End User
- 8.3.5. Australia Bio-Succinic Acid Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Application
- 8.3.5.2.2. By End User
9. Middle East & Africa Bio-Succinic Acid Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By End User
- 9.2.3. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Bio-Succinic Acid Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Application
- 9.3.1.2.2. By End User
- 9.3.2. UAE Bio-Succinic Acid Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Application
- 9.3.2.2.2. By End User
- 9.3.3. South Africa Bio-Succinic Acid Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Application
- 9.3.3.2.2. By End User
10. South America Bio-Succinic Acid Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By End User
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Bio-Succinic Acid Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Application
- 10.3.1.2.2. By End User
- 10.3.2. Colombia Bio-Succinic Acid Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Application
- 10.3.2.2.2. By End User
- 10.3.3. Argentina Bio-Succinic Acid Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Application
- 10.3.3.2.2. By End User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Bio-Succinic Acid Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. BASF SE
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Roquette Freres SA
- 15.3. Koninklijke DSM N.V.
- 15.4. BioAmber Inc.
- 15.5. Myriant Corporation
- 15.6. Kawasaki Kasei Chemicals Ltd
- 15.7. Mitsui & Co., Ltd
- 15.8. Corbion N.V.
- 15.9. Nippon Shokubai Co., Ltd.
- 15.10. Mitsubishi Chemical Group Corporation
16. Strategic Recommendations
17. About Us & Disclaimer