Global Succinic Acid Market Growth 2025-2031

Global Succinic Acid Market Growth 2025-2031

The global Succinic Acid market size is predicted to grow from US$ 120 million in 2025 to US$ 194 million in 2031; it is expected to grow at a CAGR of 8.2% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Succinic Acid Industry Forecast” looks at past sales and reviews total world Succinic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Succinic Acid sales for 2025 through 2031. With Succinic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Succinic Acid industry.

This Insight Report provides a comprehensive analysis of the global Succinic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Succinic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Succinic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Succinic Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Succinic Acid.

This report presents a comprehensive overview, market shares, and growth opportunities of Succinic Acid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Bio-based
Petro-based

Segmentation by Application:
Resins, Coatings and Pigments
PBS
Food and Beverage
Pharmaceuticals
Polyester Polyols
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Succinic Acid market?

What factors are driving Succinic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Succinic Acid market opportunities vary by end market size?

How does Succinic Acid break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.