North America 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

North America 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 North America Succinic Acid Market would witness market growth of 9.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 30,104.2 tonnes, showcasing a growth of 8.5% (2019-2022).

The cosmetic industry incorporates succinic acid in skincare and hair care product formulations. Its antimicrobial properties and ability to act as a pH adjuster contribute to the stability and efficacy of cosmetic formulations. It is utilized in the textile industry for dyeing and finishing processes. Its role in enhancing color fastness and acting as a cross-linking agent makes it a preferred choice in textile applications. The market is witnessing a surge in demand for bio-based materials and polymers. As industries strive to lower their environmental footprint, it offers a sustainable alternative to traditional petrochemical-based compounds.

Fermentation processes play a crucial role in succinic acid production. Ongoing advancements in fermentation technologies, including genetically modified microorganisms and optimization of fermentation parameters, contribute to increased yields and cost-effectiveness. With a growing global awareness of environmental sustainability, industries increasingly incorporate succinic acid into their production processes. The market is witnessing a change towards sustainable practices, with succinic acid being recognized as a key player in the evolution to a circular economy. The market is characterized by continuous research and development initiatives to explore new applications and improve production methods. Collaborations between academic institutions, research organizations, and industry players drive innovation in the field.

According to the International Trade Administration, Mexico's cosmetics and personal care products industry is estimated to be worth USD 7.24 million in 2022. Mexico imported USD 1.4 billion in cosmetics and personal care products in 2022, of which 35 percent was made in the United States. Consumers in Mexico are increasingly seeking sustainable and environmentally friendly beauty products. As a bio-based ingredient, succinic acid fits well into the sustainable beauty trend. Its inclusion in formulations can appeal to environmentally conscious consumers. As a result, these aspects will boost the market growth in the coming years.

The US market dominated the North America Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $111,855.6 Thousands by 2030. The Canada market is registering a CAGR of 11.6% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 10.6% 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 U.S., Mexico, Canada, and Rest of North America.

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.
North America 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)
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Succinic Acid Market, by Type
1.4.2 North America Succinic Acid Market, by End-use
1.4.3 North America 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. North America Succinic Acid Market by Type
4.1 North America Petro-based Market by Country
4.2 North America Bio-based Market by Country
Chapter 5. North America Succinic Acid Market by End-use
5.1 North America Industrial Market by Country
5.2 North America Food & Beverages Market by Country
5.3 North America Coatings Market by Country
5.4 North America Pharmaceutical Market by Country
5.5 North America Personal Care & Cosmetics Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Succinic Acid Market by Country
6.1 US Succinic Acid Market
6.1.1 US Succinic Acid Market by Type
6.1.2 US Succinic Acid Market by End-use
6.2 Canada Succinic Acid Market
6.2.1 Canada Succinic Acid Market by Type
6.2.2 Canada Succinic Acid Market by End-use
6.3 Mexico Succinic Acid Market
6.3.1 Mexico Succinic Acid Market by Type
6.3.2 Mexico Succinic Acid Market by End-use
6.4 Rest of North America Succinic Acid Market
6.4.1 Rest of North America Succinic Acid Market by Type
6.4.2 Rest of North America 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

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings