Global Succinic Acid Market 2024-2028
The succinic acid market is forecasted to grow by USD 261 mn during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the succinic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by application in various industries, consumer preference toward environment-friendly products, and expanding food and beverage industry.
Technavio's succinic acid market is segmented as below:
- By Type
- Petro-based
- Bio-based
- By End-user
- Industrial
- Coatings
- Pharmaceuticals
- Others
- By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the bio-succinic acid gaining popularity as one of the prime reasons driving the succinic acid market growth during the next few years. Also, investment in research and development by vendors and high demand for food regulators will lead to sizable demand in the market.
The report on the succinic acid market covers the following areas:
- Succinic acid market sizing
- Succinic acid market forecast
- Succinic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading succinic acid market vendors that include Aurochemicals, Central Drug House Pvt. Ltd., Corbion nv, EMCO Dyestuff Pvt. Ltd., Fengchen Group Co. Ltd., HENAN BON INDUSTRIAL CHEMICAL CO. LTD., Henan GP Chemicals Co. Ltd., Jinan Qinmu Fine Chemical Co. Ltd., KUNSHAN ODOWELL CO. LTD., Labdhi Chemicals, LCY Chemical Corp., Merck KGaA, Nice Chemicals Pvt. Ltd., NIPPON SHOKUBAI CO. LTD, Otto Chemie Pvt. Ltd., Roquette Freres SA, Spectrum Laboratory Products Inc., Tokyo Chemical Industry Co. Ltd., Vizag Chemical International, and Zhengzhou Alfa Chemical Co. Ltd.. Also, the succinic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.