Global Succinic Acid Market Research Report 2023(Status and Outlook)

Global Succinic Acid Market Research Report 2023(Status and Outlook)

Report Overview

Succinic acid, also called Butanedioic Acid, a dicarboxylic acid of molecular formula C4H6O4 that is widely distributed in almost all plant and animal tissues and that plays a significant role in intermediary metabolism. It is a colorless crystalline solid, soluble in water, with a melting point of 185–187° C (365–369° F).

Global Succinic Acid key players include BioAmber, GC Innovation America, Mitsubishi Chemical, Reverdia, Succinity GmbH, etc.Global top five manufacturers hold a share over 60%.

Asia Pacific is the largest market, with a share over 40%, followed by Europe, and North America, both have a share about 55 percent.

In terms of product, Bio-based is the largest segment, with a share nearly 90%. And in terms of application, the largest application is Resins, Coatings and Pigments, followed by PBS or PBST, Food and Beverage, Pharmaceuticals, Polyester Polyols, etc.

The Global Succinic Acid Market Size was estimated at USD 56.00 million in 2022 and is projected to reach USD 84.20 million by 2029, exhibiting a CAGR of 6.00% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Succinic Acid market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Succinic Acid Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Succinic Acid market in any manner.

Global Succinic Acid Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

LCY Biosciences（BioAmber）

GC Innovation America

Roquette（Reverdia）

Succinity GmbH

Mitsubishi Chemical

Kawasaki Kasei Chemicals

Nippon Shokubai

Feiyang Chemical

Sunsing Chemicals

Jinbaoyu Technology

Shandong Landian Biological Technology Co., LTD

Shanghai shenren Fine chemical Co.,ltd.

Weinan Huifeng

Market Segmentation (by Type)

Bio-based

Petro-based

Market Segmentation (by Application)

Food

Dairy

Beverage

Pharma

Chemical

Marine and transportation

Oil and Petroleum

Mining & Minerals

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Succinic Acid Market

Overview of the regional outlook of the Succinic Acid Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors