Global Succinic Acid Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Succinic Acid Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Succinic Acid market size was valued at US$ 114 million in 2024 and is forecast to a readjusted size of USD 198 million by 2031 with a CAGR of 7.7% during review period.

Succinic acid, also known as butanedioic acid, is a dicarboxylic acid with the chemical formula C₄H₆O₄. It is a colorless, odorless, and crystalline compound that is naturally present in plants, animals, and microorganisms. Succinic acid plays a crucial role in biological processes, particularly in the citric acid cycle (also known as the Krebs cycle), which is fundamental to cellular metabolism and energy production in living organisms.

Succinic acid has both natural and synthetic origins. It is found in small quantities in foods like fermented products (e.g., beer, wine, and vinegar), and it can be biosynthesized by microorganisms during fermentation processes.

Succinic acid is a versatile intermediate in the chemical industry, used in the production of various chemicals and materials. Some of its major applications include: Production of biodegradable plastics (e.g., PBS - polybutylene succinate), which are an eco-friendly alternative to conventional petroleum-based plastics. Solvents and plasticizers: Used in making resins and plasticizers. Lubricants and coatings. Food additive: It is used as an acidulant and flavoring agent in food and beverages. Pharmaceuticals: Succinic acid and its derivatives are used in drugs and as an excipient (inactive substance used as a carrier for the active ingredient). Biofuels: Succinic acid is seen as a potential building block for biofuels, making it important for the renewable energy sector. Cosmetics: It is also included in some cosmetic formulations for its moisturizing properties. Agriculture: Used in plant growth regulators and in the production of certain agrochemicals, etc.

Sustainability: Succinic acid derived from renewable sources (bio-based succinic acid) is increasingly popular due to the growing shift towards sustainable and green chemicals. It is considered a building block for a variety of eco-friendly products, such as biodegradable plastics.

Rising Demand in Bioplastics: The increasing focus on reducing plastic waste has led to a rise in demand for bioplastics, for which succinic acid is a key component.

Growth in End-use Industries: Industries such as automotive (for plastics and coatings), pharmaceuticals, and food are growing, contributing to the rise in succinic acid demand.

Global key players of succinic acid include LCY Biosciences (BioAmber), Reverdia, Kawasaki Kasei Chemicals, Nippon Shokubai, Feiyang Chemical, etc. The top five players hold a share about 69%. China is the largest producer, has a share about 31%, followed by North America and Japan. China is the largest consumption market, has a share about 39%, followed by Europe and North America.

This report is a detailed and comprehensive analysis for global Succinic Acid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Succinic Acid market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2020-2031

Global Succinic Acid market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2020-2031

Global Succinic Acid market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2020-2031

Global Succinic Acid market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (US$/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Succinic Acid

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Succinic Acid market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include LCY Biosciences (BioAmber), Succinity GmbH, Reverdia, Technip Energies, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals, Jinbaoyu Technology, Shandong Landian Biological Technology Co., LTD, Shanghai shenren Fine chemical Co.,ltd., etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Succinic Acid market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type

Bio-based

Petro-based

Market segment by Application

Resins, Coatings and Pigments

PBS

Food and Beverage

Pharmaceuticals

Polyester Polyols

Others

Major players covered

LCY Biosciences (BioAmber)

Succinity GmbH

Reverdia

Technip Energies

Nippon Shokubai

Feiyang Chemical

Sunsing Chemicals

Jinbaoyu Technology

Shandong Landian Biological Technology Co., LTD

Shanghai shenren Fine chemical Co.,ltd.

Weinan Huifeng

AH BIOSUS

HSUKO New Materials

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Succinic Acid product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Succinic Acid, with price, sales quantity, revenue, and global market share of Succinic Acid from 2020 to 2025.

Chapter 3, the Succinic Acid competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Succinic Acid breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Succinic Acid market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Succinic Acid.

Chapter 14 and 15, to describe Succinic Acid sales channel, distributors, customers, research findings and conclusion.