The global succinic acid market is anticipated to grow at a significant CAGR during the forecast period. The continuous growth of the food and beverages industry, increase in personal care such as anti-aging products and other industrial sectors are the factors that are driving the global succinic acid market. The other factors which are propelling the growth of the market include advancement in the rising of bio-based sustainable chemicals used by chemical industries.

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Further, as succinic acid is used as a neutralizing agent in various food items therefore it has a wide application in food industries. Moreover, rising awareness about eco-friendly products along with considering the environmental issue is resulting in the growth of the bio-succinic acid industry. However, the presence of alternate chemicals such as malic, citric acid is a major challenge for the market.

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The global succinic acid market is segmented based on end-user and raw materials. Based on the end-user, the market is segmented into chemical, industrial, pharmaceutical, food and beverages, and others. Based on the raw material, the market is segmented into corn-based bio-succinic acid, sugarcane-based bio-succinic acid, cassava-based bio-succinic acid, other raw materials-based bio-succinic acid.

Succinic Acid Market Segmentation
Global Bio-Succinic Acid market by End-user
• Chemical
o 1,4-Butanediol (BDO)
o Plasticizers
o Polybutylene Succinate (PBS)
o Lubricants and Solvents
o Polyester Polyols
o Others
• Pharmaceutical
• Food and Beverages
• Other(Cosmetic, Textile)

Global Bio-Succinic Acid market by Raw Material
• Corn-Based Bio-Succinic Acid
• Sugarcane-Based Bio-Succinic Acid
• Cassava-Based Bio-Succinic Acid
• Other Raw Materials-Based Bio-Succinic Acid

Succinic Acid Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• Anhui Sunsing Chemicals Co., Ltd.
• Anqing Hexing Chemical Co., Ltd.
• AzelisSA
• Corbion N.V.
• ESIM Chemicals GmbH
• MOLBASE (Shanghai) Biotechnology Co., Ltd
• Evonik Industries AG
• GC Innovation America Corp.
• Jin Hui Zhao Long High-Tech Co., Ltd.
• MerckKGaA
• Mitsubishi Chemical Corp.
• NatureWorks LLC
• PTT-MCCBiochem Co. Ltd.
• ReverdiaV.O.F.
• Shandong Landian Biological Technology Co., LTD.
• Showa Denko K.K.
• Succinity GmbH
• Thyssenkrupp AG


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