Global Bio-Succinic Acid Market: Analysis By Process Type (Ammonium Sulphate Process, Direct Crystallization Process, and Electrodialysis Process), By Application (1, 4-Butanediol, Plasticizers, Polyester Polyols, Polybutylene Succinate, Solvents & Coatin

Global Bio-Succinic Acid Market: Analysis By Process Type (Ammonium Sulphate Process, Direct Crystallization Process, and Electrodialysis Process), By Application (1, 4-Butanediol, Plasticizers, Polyester Polyols, Polybutylene Succinate, Solvents & Coatings, and Others), By End-User (Industrial, Pharmaceuticals, Food & Beverages, Personal Care & Cosmetics and Others), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2030 - Report Summary
Report MetricsDetails
Years Considered2020-2030
Base Year2024
Forecast Period2025-2030
Page Count161
Units ReferencedUS $
Segments/Key TopicsBy Process Type, By Application, By End User
Regions CoveredNorth America (the US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain and rest of Europe), Asia Pacific (China, Japan, India, South Korea, and rest of Asia Pacific), and Rest of the World
Key Companies MentionedBASF SE, DSM-Firmenich AG, Roquette Freres SA, Mitsui & Co., Ltd., Mitsubishi Chemical Group Corporation, PTT Global Chemical Public Company Limited (PTTGC), Nippon Shokubai Co., Ltd, Dow Inc. (The Dow Chemical Company), Corbion N.V., Air Water Inc. (Air Water Performance Chemical Inc.), LCY Chemical Corp., and Wego Chemical Group

Five FAQs about the Report

What is the size of this market?
The global bio-succinic acid market was valued at US$147.67 million in 2024.

What is the forecasted growth for this market?
The market value is expected to reach US$311.39 million by 2030, growing at a CAGR of 13.24% over the projected period of 2025-2030.

What are key factors driving this market?
In the forthcoming years, the bio-succinic acid market is expected to continue growing due to several converging trends. One key factor is the increasing demand for sustainable and eco-friendly alternatives to petrochemical-based products. Bio-succinic acid, derived from renewable biomass sources, offers a greener solution for the production of plastics, solvents, and other chemicals, aligning with global efforts to reduce carbon emissions and dependence on fossil fuels. The growing emphasis on sustainability and the need for biodegradable plastics, particularly in packaging and consumer goods industries, is further fueling the demand for bio-succinic acid. Technological advancements in bioengineering and fermentation processes are also enhancing the efficiency and cost-effectiveness of bio-succinic acid production. Moreover, governments worldwide are implementing favorable policies and incentives to promote the adoption of renewable resources and green chemistry, which are accelerating the shift toward bio-based chemicals like bio-succinic acid. Together, these factors position the global bio-succinic acid market for steady growth in the years ahead.

How is this market segmented in this report?
In the report, the global bio-succinic acid market is bifurcated based on process type (Ammonium Sulphate Process, Direct Crystallization Process, and Electrodialysis Process); application (1, 4-Butanediol, Plasticizers, Polyester Polyols, Polybutylene Succinate, Solvents & Coatings, and Others); and end user (Industrial, Pharmaceuticals, Food & Beverages, Personal Care & Cosmetics and Others).

What is the definition of this market in this report?
Bio-succinic acid is a renewable, plant-based alternative to petroleum-derived succinic acid, produced through fermentation of plant sugars. It is used in various industries such as bioplastics, pharmaceuticals, food, and personal care products, offering an eco-friendly solution to replace petrochemical-based chemicals.

What are the major influences driving the growth/decline of this market?
The global bio-succinic acid market growth is predicted to be supported by numerous growth drivers such as accelerating demand for bio-based plastics and polymers, growing application in food additives, government regulations and policies favoring bio-based products, rising integration with renewable energy sources, etc. Further, the market is expected to grow at a rapid pace, driven by expanding applications in pharmaceuticals, technological advancements in the production processes, surging focus on renewable feedstocks, adoption of circular economy models, collaboration between biotechnology and chemical industries, etc. Yet the market faces some challenges such as high production costs compared to petroleum-based alternatives, limited availability of cost-effective feedstocks, etc.The global bio-succinic acid market was valued at US$147.67 million in 2024. The market value is expected to reach US$311.39 million by 2030. Bio-succinic acid is a renewable, plant-based alternative to petroleum-derived succinic acid, produced through fermentation of plant sugars. It is used in various industries such as bioplastics, pharmaceuticals, food, and personal care products, offering an eco-friendly solution to replace petrochemical-based chemicals.

In the forthcoming years, the bio-succinic acid market is expected to continue growing due to several converging trends. One key factor is the increasing demand for sustainable and eco-friendly alternatives to petrochemical-based products. Bio-succinic acid, derived from renewable biomass sources, offers a greener solution for the production of plastics, solvents, and other chemicals, aligning with global efforts to reduce carbon emissions and dependence on fossil fuels. The growing emphasis on sustainability and the need for biodegradable plastics, particularly in packaging and consumer goods industries, is further fueling the demand for bio-succinic acid. Technological advancements in bioengineering and fermentation processes are also enhancing the efficiency and cost-effectiveness of bio-succinic acid production. Moreover, governments worldwide are implementing favorable policies and incentives to promote the adoption of renewable resources and green chemistry, which are accelerating the shift toward bio-based chemicals like bio-succinic acid. Together, these factors position the global bio-succinic acid market for steady growth in the years ahead. The market is expected to grow at a CAGR of approx. 13% during the forecasted period of 2025-2030.

Market Segmentation Analysis:

By Process Type: The report provides the bifurcation of the bio-succinic acid market into three segments on the basis of process type: Ammonium Sulphate Process, Direct Crystallization Process, and Electrodialysis Process. The ammonium sulphate process segment held a significant share of the global market. The method’s simplicity, lower energy consumption, and the growing demand for sustainable, bio-based chemicals contribute to its continued dominance. Additionally, governmental incentives for green chemistry and the rising preference for eco-friendly alternatives to petrochemical-based products support its growth. As industries seek greener solutions, the ammonium sulfate process remains a preferred choice for large-scale bio-succinic acid production, with potential for further improvements in sustainability and cost-efficiency.

By Application: The report provides the bifurcation of the bio-succinic acid market into six segments on the basis of application: 1, 4-Butanediol, Polyester Polyols, Plasticizers, Polybutylene Succinate, Solvents & Coatings, and Others. 1, 4-Butanediol is the largest segment of the global bio-succinic acid market. The demand for bio-based BDO is driven by the growing need for eco-friendly chemicals and materials, particularly in industries like automotive, textiles, and electronics. The increasing adoption of green chemistry and rising regulatory pressure to reduce carbon footprints are key factors supporting the growth of the bio-based BDO segment. As industries shift toward sustainable production methods, the 1, 4-butanediol segment is poised for continuous growth, driven by advancements in bio-based production processes.

By End User: The report provides the split of global bio-succinic acid market into five segments in terms of end-user: Industrial, Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics and Others. The industrial segment holds the highest market share in the global bio-succinic acid market due to several factors. First, bio-succinic acid is widely used in the production of bio-based plastics, which are increasingly in demand for their eco-friendly properties. Second, it serves as a key intermediate in manufacturing solvents, coatings, and adhesives, all of which are integral to various industrial applications. Third, the growing emphasis on sustainable materials in industries such as packaging, automotive, and textiles further drives demand. Additionally, technological advancements in bio-succinic acid production processes have made it a more cost-effective and scalable option for industrial uses. These factors collectively position the industrial segment as the largest contributor to the bio-succinic acid market.

By Region: In the report, the global bio-succinic acid market is divided into four regions: North America (the US, Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, and rest of Asia Pacific), and Rest of the World. In 2024, the Europe region led the bio-succinic acid market, propelled by propelled by several key factors. Europe has a strong commitment to sustainability, with stringent environmental regulations that promote the use of renewable, bio-based chemicals like bio-succinic acid. The region also hosts major bio-succinic acid producers and has well-established bio-manufacturing infrastructure, which supports the growth of the market. In addition, policies across the European Union focus on reducing carbon emissions and promoting green chemistry, encouraging the adoption of bio-succinic acid in industries such as packaging, automotive, and consumer good.

During 2025-2030, the US is forecasted to maintain its lead within the North America bio-succinic acid market, due to a strong focus on sustainability driven by consumer demand and government policies promoting renewable energy and green chemistry, advanced manufacturing capabilities, and leading bio-succinic acid producers. The growing adoption of bio-based chemicals in industries such as packaging, and consumer goods, along with increasing investments in research and development to improve bio-succinic acid production technologies, also contribute to the US maintaining its dominant position in the region.

Market Dynamics:

Growth Drivers: The global bio-succinic acid market growth is predicted to be supported by numerous growth drivers such as accelerating demand for bio-based plastics and polymers, growing application in food additives, government regulations and policies favoring bio-based products, rising integration with renewable energy sources, and many other factors. The growing shift toward sustainability and eco-friendly products is a key driver of the global bio-succinic acid market. As environmental concerns rise, consumers, businesses, and governments are focusing on reducing carbon footprints and adopting renewable alternatives to petroleum-based products. Bio-succinic acid, derived from renewable resources like corn and sugarcane, offers a biodegradable and environmentally friendly option with lower greenhouse gas emissions and energy requirements compared to petrochemical-based succinic acid. This demand for sustainable products is evident across industries like packaging, automotive, textiles, and personal care. Stricter environmental regulations and the push for a circular economy further drive the adoption of bio-based chemicals like bio-succinic acid, accelerating its market growth.

Challenges: However, the market growth would be negatively impacted by various challenges such as high production costs compared to petroleum-based alternatives, limited availability of cost-effective feedstocks, etc.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as expanding applications in pharmaceuticals, technological advancements in the production processes, adoption of circular economy models, collaboration between biotechnology and chemical industries, etc. The surging focus on renewable feedstocks is becoming a key trend in the bio-succinic acid market due to the shift from food-based feedstocks like corn and sugarcane to non-food biomass such as agricultural waste, forest residues, and algae, which reduces competition with food resources and addresses sustainability concerns. The use of lignocellulosic biomass, including materials like straw and wood, provides a more cost-effective and environmentally friendly source of carbon. This change also lowers greenhouse gas emissions and production costs, leading to more efficient and eco-friendly manufacturing processes. As renewable feedstocks become more accessible and economically viable, they enable larger-scale production of bio-succinic acid, meeting the rising demand for sustainable products in industries like packaging and consumer goods. This focus on renewable feedstocks accelerates the adoption of bio-succinic acid, driving market growth.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic significantly disrupted the global bio-succinic acid market due to supply chain disruptions, reduced demand in key industries, and delays in production. Many bio-succinic acid manufacturers faced challenges in sourcing raw materials and maintaining production schedules. However, post-pandemic recovery, along with a renewed focus on sustainability and green chemistry, is driving the market's rebound. The growing demand for eco-friendly alternatives to petroleum-based chemicals, coupled with advancements in bio-manufacturing technologies, is fueling market growth. Additionally, the increasing adoption of renewable feedstocks and stricter environmental regulations in the post-COVID era are further accelerating the adoption of bio-succinic acid across industries like packaging, textiles, and consumer goods. The post-COVID impact has also led to increased investments in sustainable practices, creating a favorable environment for the bio-succinic acid market to thrive in the coming years.

Competitive Landscape:

The global bio-succinic acid market is primarily concentrated among leading chemical manufacturers, however, the presence of smaller companies introduces a level of fragmentation, resulting in a market that is largely concentrated with pockets of fragmentation.

The key players in the global bio-succinic acid market are:

BASF SE
DSM-Firmenich AG
Roquette Freres SA
Mitsui & Co., Ltd.
Mitsubishi Chemical Group Corporation
PTT Global Chemical Public Company Limited (PTTGC)
Nippon Shokubai Co., Ltd
Dow Inc. (The Dow Chemical Company)
Corbion N.V.
Air Water Inc. (Air Water Performance Chemical Inc.)
LCY Chemical Corp.
Wego Chemical Group

The key players also focus on strategies such as investments in research and development activities, and expanding production capacities. For instance, in September 2024, Mitsubishi Corporation and Exxon Mobil Corporation have signed a Project Framework Agreement for Mitsubishi Corporation's participation in ExxonMobil's facility in Baytown, Texas which is expected to produce virtually carbon-free hydrogen with approximately 98% of carbon dioxide (CO2) removed and low-carbon ammonia. Similarly, in July 2024, BASF and ENGIE signed a 7-year Biomethane Purchase Agreement (BPA). Under the BPA, ENGIE will supply BASF with 2.7 to 3.0 terawatt hours of biomethane throughout the term of the agreement. BASF uses certified biomethane at its Ludwigshafen/Germany and Antwerp/Belgium sites as a sustainable alternative to fossil raw materials in its manufacturing process.


1. Executive Summary
2. Introduction
2.1 Bio-Succinic Acid: An Overview
2.1.1 Introduction to Bio-Succinic Acid
2.1.2 Key Benefits of Using Bio-Succinic Acid over Traditional Succinic Acid
Table 1: Key Benefits of Using Bio-Succinic Acid over Traditional Succinic Acid
2.2 Bio-Succinic Acid Segmentation: An Overview
2.2.1 Bio-Succinic Acid Segmentation
Table 2: Bio-Succinic Acid Segmentation
3. Global Market Analysis
3.1 Global Bio-Succinic Acid Market: An Analysis
3.1.1 Global Bio-Succinic Acid Market: An Overview
3.1.2 Global Bio-Succinic Acid Market by Value
Table 3: Global Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 4: Global Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.1.3 Global Bio-Succinic Acid Market by Process Type (Ammonium Sulphate Process, Direct Crystallization Process, and Electrodialysis Process)
Table 5: Global Bio-Succinic Acid Market by Process Type; 2024 (Percentage, %)
3.1.4 Global Bio-Succinic Acid Market by Application (1, 4-Butanediol, Polyester Polyols, Plasticizers, Polybutylene Succinate, Solvents & Coatings, and Others)
Table 6: Global Bio-Succinic Acid Market by Application; 2024 (Percentage, %)
3.1.5 Global Bio-Succinic Acid Market by End-User (Industrial, Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics and Others)
Table 7: Global Bio-Succinic Acid Market by End-User; 2024 (Percentage, %)
3.1.6 Global Bio-Succinic Acid Market by Region (Europe, North America, Asia Pacific, and rest of the World)
Table 8: Global Bio-Succinic Acid Market by Region; 2024 (Percentage, %)
3.2 Global Bio-Succinic Acid Market: Process Type Analysis
3.2.1 Global Bio-Succinic Acid Market by Process Type: An Overview
3.2.2 Global Ammonium Sulphate Process Bio-Succinic Acid Market by Value
Table 9: Global Ammonium Sulphate Process Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 10: Global Ammonium Sulphate Process Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.2.3 Global Direct Crystallization Process Bio-Succinic Acid Market by Value
Table 11: Global Direct Crystallization Process Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 12: Global Direct Crystallization Process Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.2.4 Global Electrodialysis Process Bio-Succinic Acid Market by Value
Table 13: Global Electrodialysis Process Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 14: Global Electrodialysis Process Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.3 Global Bio-Succinic Acid Market: Application Analysis
3.3.1 Global Bio-Succinic Acid Market by Application: An Overview
3.3.2 Global 1, 4-Butanediol Bio-Succinic Acid Market by Value
Table 15: Global 1, 4-Butanediol Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 16: Global 1, 4-Butanediol Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.3.3 Global Polyester Polyols Bio-Succinic Acid Market by Value
Table 17: Global Polyester Polyols Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 18: Global Polyester Polyols Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.3.4 Global Plasticizers Bio-Succinic Acid Market by Value
Table 19: Global Plasticizers Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 20: Global Plasticizers Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.3.5 Global Polybutylene Succinate Bio-Succinic Acid Market by Value
Table 21: Global Polybutylene Succinate Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 22: Global Polybutylene Succinate Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.3.6 Global Solvents & Coatings Bio-Succinic Acid Market by Value
Table 23: Global Solvents & Coatings Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 24: Global Solvents & Coatings Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.3.7 Global Others Bio-Succinic Acid Market by Value
Table 25: Global Others Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 26: Global Others Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.4 Global Bio-Succinic Acid Market: End-User Analysis
3.4.1 Global Bio-Succinic Acid Market by End-User: An Overview
3.4.2 Global Industrial Bio-Succinic Acid Market by Value
Table 27: Global Industrial Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 28: Global Industrial Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.4.3 Global Food & Beverages Bio-Succinic Acid Market by Value
Table 29: Global Food & Beverages Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 30: Global Food & Beverages Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.4.4 Global Pharmaceuticals Bio-Succinic Acid Market by Value
Table 31: Global Pharmaceuticals Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 32: Global Pharmaceuticals Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.4.5 Global Personal Care & Cosmetics Bio-Succinic Acid Market by Value
Table 33: Global Personal Care & Cosmetics Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 34: Global Personal Care & Cosmetics Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
3.4.6 Global Others Bio-Succinic Acid Market by Value
Table 35: Global Others Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 36: Global Others Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4. Regional Market Analysis
4.1 Europe Bio-Succinic Acid Market: An Analysis
4.1.1 Europe Bio-Succinic Acid Market: An Overview
4.2.2 Europe Bio-Succinic Acid Market by Value
Table 37: Europe Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 38: Europe Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.3 Europe Bio-Succinic Acid Market by Region
Table 39: Europe Bio-Succinic Acid Market by Region; 2024 (Percentage, %)
4.2.4 Germany Bio-Succinic Acid Market by Value
Table 40: Germany Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 41: Germany Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.5 France Bio-Succinic Acid Market by Value
Table 42: France Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 43: France Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.6 The UK Bio-Succinic Acid Market by Value
Table 44: The UK Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 45: The UK Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.7 Italy Bio-Succinic Acid Market by Value
Table 46: Italy Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 47: Italy Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.8 Spain Bio-Succinic Acid Market by Value
Table 48: Spain Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 49: Spain Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.9 Rest of Europe Bio-Succinic Acid Market by Value
Table 50: Rest of Europe Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 51: Rest of Europe Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2 North America Bio-Succinic Acid Market: An Analysis
4.2.1 North America Bio-Succinic Acid Market: An Overview
4.2.2 North America Bio-Succinic Acid Market by Value
Table 52: North America Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 53: North America Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.3 North America Bio-Succinic Acid Market by Region
Table 54: North America Bio-Succinic Acid Market by Region; 2024 (Percentage, %)
4.2.4 The US Bio-Succinic Acid Market by Value
Table 55: The US Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 56: The US Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.5 Canada Bio-Succinic Acid Market by Value
Table 57: Canada Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 58: Canada Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.2.6 Mexico Bio-Succinic Acid Market by Value
Table 59: Mexico Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 60: Mexico Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.3 Asia Pacific Bio-Succinic Acid Market: An Analysis
4.3.1 Asia Pacific Bio-Succinic Acid Market: An Overview
4.3.2 Asia Pacific Bio-Succinic Acid Market by Value
Table 61: Asia Pacific Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 62: Asia Pacific Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.3.3 Asia Pacific Bio-Succinic Acid Market by Region
Table 63: Asia Pacific Bio-Succinic Acid Market by Region; 2024 (Percentage, %)
4.3.4 China Bio-Succinic Acid Market by Value
Table 64: China Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 65: China Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.3.5 Japan Bio-Succinic Acid Market by Value
Table 66: Japan Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 67: Japan Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.3.6 India Bio-Succinic Acid Market by Value
Table 68: India Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 69: India Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.3.7 South Korea Bio-Succinic Acid Market by Value
Table 70: South Korea Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 71: South Korea Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.3.8 Rest of Asia Pacific Bio-Succinic Acid Market by Value
Table 72: Rest of Asia Pacific Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 73: Rest of Asia Pacific Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
4.4 Rest of the World Bio-Succinic Acid Market: An Analysis
4.4.1 Rest of the World Bio-Succinic Acid Market: An Overview
4.4.2 Rest of the World Bio-Succinic Acid Market by Value
Table 74: Rest of the World Bio-Succinic Acid Market by Value; 2020-2024 (US$ Million)
Table 75: Rest of the World Bio-Succinic Acid Market by Value; 2025-2030 (US$ Million)
5. Impact of COVID-19
5.1 Impact of COVID-19 on Global Bio-Succinic Acid Market
5.2 Post COVID-19 Impact on Global Bio-Succinic Acid Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Accelerating Demand for Bio-based Plastics and Polymers
Table 76: Global Bioplastic Production Capacity; 2023-2028 (1000 Tonnes)
6.1.2 Growing Application in Food Additives
Table 77: Global Processed Foods Market; 2022-2027 (US$ Trillion)
6.1.3 Government Regulations and Policies Favoring Bio-based Products
6.1.4 Rising Integration with Renewable Energy Sources
6.1.5 Increasing Shift Towards Sustainability and Eco-friendly Products
6.2 Challenges
6.2.1 Fluctuations in Succinic Acid Prices
6.2.2 High Production Costs Compared to Petroleum-Based Alternatives
Table 78: Price Comparison of Succinic Acid; 2023-2024 (USD/MT)
6.2.3 Limited Availability of Cost-Effective Feedstocks
6.3 Market Trends
6.3.1 Expanding Applications in Pharmaceuticals
Table 79: Global Biopharmaceuticals Market Revenue Forecast; 2022-2030 (US$ Billion)
6.3.2 Technological Advancements in the Production Processes
6.3.3 Surging Focus on Renewable Feedstocks
6.3.4 Adoption of Circular Economy Models
6.3.5 Collaboration Between Biotechnology and Chemical Industries
7. Competitive Landscape
7.1 Global Bio-Succinic Acid Market: Competitive Landscape
7.2 Global Bio-Succinic Acid Market Players: Product Comparison
Table 80: Global Bio-Succinic Acid Market Players: Product Comparison
8. Company Profiles
8.1 BASF SE
8.1.1 Business Overview
8.1.2 Operating Segments
Table 81: BASF SE Sales by Segments; 2024 (Percentage, %)
8.1.3 Business Strategy
8.2 DSM-Firmenich AG
8.2.1 Business Overview
8.2.2 Operating Segments
Table 82: DSM-Firmenich AG Sales by Segment; 2024 (Percentage, %)
8.2.3 Business Strategy
8.3 Roquette Freres SA
8.3.1 Business Overview
8.3.2 Operating Segments
Table 83: Roquette Freres SA Sales by Global Business Units; 2023 (Percentage, %)
8.3.3 Business Strategy
8.4 Mitsui & Co., Ltd.
8.4.1 Business Overview
8.4.2 Operating Segments
Table 84: Mitsui & Co., Ltd. Revenue by Segment; 2024 (Percentage, %)
8.4.3 Business Strategy
8.5 Mitsubishi Chemical Group Corporation
8.5.1 Business Overview
8.5.2 Operating Segments
Table 85: Mitsubishi Chemical Group Corporation Revenue by Segments; 2023 (Percentage, %)
8.5.3 Business Strategy
8.6 PTT Global Chemical Public Company Limited (PTTGC)
8.6.1 Business Overview
8.6.2 Operating Segments
Table 86: PTT Global Chemical Public Co., Ltd. Sales Revenue by Business Unit; 2024 (Percentage, %)
8.6.3 Business Strategies
8.7 Nippon Shokubai Co., Ltd
8.7.1 Business Overview
8.7.2 Operating Segments
Table 87: Nippon Shokubai Co., Ltd. Revenue by Segments; 2023 (Percentage,%)
8.7.3 Business Strategy
8.8 Dow Inc. (The Dow Chemical Company)
8.8.1 Business Overview
8.8.2 Operating Segments
Table 88: Dow Inc. Net Sales by Segments; 2024 (Percentage,%)
8.8.3 Business Strategy
8.9 Corbion N.V.
8.9.1 Business Overview
8.9.2 Operating Segments
Table 89: Corbion N.V. Net Sales by Segment; 2024 (Percentage, %)
8.9.3 Business Strategy
8.10 Air Water Inc. (Air Water Performance Chemical Inc.)
8.10.1 Business Overview
8.10.2 Operating Segments
Table 90: Air Water Inc. Revenue by Segments; 2023 (Percentage,%)
8.10.3 Business Strategy
8.11 LCY Chemical Corp.
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Wego Chemical Group
8.12.1 Business Overview
8.12.2 Business Strategy

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