The US bio succinic acid market is estimated to grow at a significant growth rate of 21.0% over the forecast period from $48.0 million in 2018. The US is one of the major markets for bio-succinic acid. The increasing use of bio succinic acid in different sector such as, chemicals, polybutylene succinate (PBS), pharmaceutical, food & beverages, plastic, and packaging are the major factors for a significant market share in the region. Moreover, the stricter regulations for the usage of petroleum-based products due to their harmful environmental effects, and continuous reducing fossil fuel reserve has boosted the demand for bio-based platform chemicals.

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Crude glycerol is the major by-product in the manufacturing of bio-diesel. Continuous R&D and technological advancements are providing opportunities for bio-based platform chemicals. The US has divided 66 chemicals into petrochemicals, intermediates, polymers & rubber, fertilizers, inorganic chemicals, and specialties. Polymers are being used in various industries including food packaging, and agriculture, chemical industry. Food packaging companies are shifting towards biopolymers for packaging material due to growing environmental concerns and stringent government regulations.

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By Application

Chemical Industry

Pharmaceutical Industry

Food & Beverage Industry

Others (Cosmetic Industry)

By Raw Material

Corn

Sugarcane

Cassava

Others (Coffee Husk)

Company Profiles

Anqing Hexing Chemical Co., Ltd.

BASF SE

Corbion N.V.

Jin Hui Zhao Long High-Tech Co., Ltd.

LCY Chemical Corp.

Merck KGaA

Mitsubishi Chemical Corp.

Reverdia V.O.F.

Roquette Freres SA

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