Europe Succinic Acid Market Size, Share & Trends Analysis Report By Type (Petro-based, and Bio-based), By End-use (Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others), By Country and Growth Forecast, 2023 - 2030

Europe Succinic Acid Market Size, Share & Trends Analysis Report By Type (Petro-based, and Bio-based), By End-use (Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others), By Country and Growth Forecast, 2023 - 2030


The Europe Succinic Acid Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 24,696.9 tonnes, showcasing a growth of 8.1% (2019-2022).

Alpha, omega-dicarboxylic acid is produced when the methyl groups of butane are oxidized to the carboxyl group. Petro-based SA is composed of this acid. The bio-based variant is produced through the fermentation of carbohydrates. The substantial carbon dioxide (CO2) emissions are a primary concern for regulatory bodies in numerous developed nations. As a consequence, consumer preferences have shifted toward products derived from organic and bio-based sources. The environmental friendliness of bio-succinic acid is anticipated to contribute positively to the expansion of this market in the coming years. Numerous multinational corporations attempt to gain a competitive edge through capacity expansions, partnerships, joint ventures, and a robust product portfolio and distribution network, among other business strategies. As a result, the market is extremely competitive.

It finds extensive use in the food and beverage sector as an acidity regulator and flavor enhancer. Its inclusion in various food products, such as confectionery, beverages, and baked goods, contributes to flavor stability and shelf-life extension. The pharmaceutical sector utilizes succinic acid in the formulation of drugs and medicines. Its compatibility with active pharmaceutical ingredients (APIs) and its role as a pH regulator make it a valuable component in pharmaceutical formulations. It serves as a building block for synthesizing biodegradable polymers and resins. Polybutylene succinate (PBS) and polybutylene succinate-co-adipate (PBSA) are examples of biopolymers derived from succinic acid, offering sustainable alternatives to traditional petroleum-based plastics.

Germany has stringent environmental regulations and standards, encouraging the coatings industry to adopt sustainable practices. As a bio-based and renewable ingredient, it can help coatings manufacturers meet regulatory requirements and contribute to sustainable production. The coatings industry in Germany can leverage succinic acid to enhance the sustainability profile of polyurethane-based coatings. Therefore, the factors mentioned above will propel the market growth in this region.

The Germany market dominated the Europe Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $40,872.4 Thousands by 2030. The UK market is exhibiting a CAGR of 7.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9.5% during (2023 - 2030).

Based on Type, the market is segmented into Petro-based, and Bio-based. Based on End-use, the market is segmented into Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • BASF SE
  • Parchem – Fine & Specialty Chemicals
  • The Dow Chemical Company
  • Mitsubishi Chemical Holdings Corporation
  • Nippon Shokubai Co., Ltd.
  • Roquette Freres SA
  • Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
  • The Chemical Company
  • Ernesto Ventos S.A.
  • Anhui Sunsing Chemicals Co., Ltd.
Europe Succinic Acid Market Report Segmentation

By Type (Volume, Tonnes, USD Million, 2019-2030)
  • Petro-based
  • Bio-based
By End-use (Volume, Tonnes, USD Million, 2019-2030)
  • Industrial
  • Food & Beverages
  • Coatings
  • Pharmaceutical
  • Personal Care & Cosmetics
  • Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Succinic Acid Market, by Type
1.4.2 Europe Succinic Acid Market, by End-use
1.4.3 Europe Succinic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Europe Succinic Acid Market by Type
4.1 Europe Petro-based Market by Country
4.2 Europe Bio-based Market by Country
Chapter 5. Europe Succinic Acid Market by End-use
5.1 Europe Industrial Market by Country
5.2 Europe Food & Beverages Market by Country
5.3 Europe Coatings Market by Country
5.4 Europe Pharmaceutical Market by Country
5.5 Europe Personal Care & Cosmetics Market by Country
5.6 Europe Others Market by Country
Chapter 6. Europe Succinic Acid Market by Country
6.1 Germany Succinic Acid Market
6.1.1 Germany Succinic Acid Market by Type
6.1.2 Germany Succinic Acid Market by End-use
6.2 UK Succinic Acid Market
6.2.1 UK Succinic Acid Market by Type
6.2.2 UK Succinic Acid Market by End-use
6.3 France Succinic Acid Market
6.3.1 France Succinic Acid Market by Type
6.3.2 France Succinic Acid Market by End-use
6.4 Russia Succinic Acid Market
6.4.1 Russia Succinic Acid Market by Type
6.4.2 Russia Succinic Acid Market by End-use
6.5 Spain Succinic Acid Market
6.5.1 Spain Succinic Acid Market by Type
6.5.2 Spain Succinic Acid Market by End-use
6.6 Italy Succinic Acid Market
6.6.1 Italy Succinic Acid Market by Type
6.6.2 Italy Succinic Acid Market by End-use
6.7 Rest of Europe Succinic Acid Market
6.7.1 Rest of Europe Succinic Acid Market by Type
6.7.2 Rest of Europe Succinic Acid Market by End-use
Chapter 7. Company Profiles
7.1 BASF SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Parchem – Fine & Specialty Chemicals
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 The Dow Chemical Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Mitsubishi Chemical Holdings Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Nippon Shokubai Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 SWOT Analysis
7.6 Roquette Freres SA
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 The Chemical Company
7.8.1 Company Overview
7.9 Ernesto Ventos S.A.
7.9.1 Company Overview
7.10. Anhui Sunsing Chemicals Co., Ltd.
7.10.1 Company Overview

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