Succinic Acid Market Information: by Type (Bio-Based, Synthetic), Grade (Food, Pharmaceutical, Industrial), Application (Chemical Intermediate, Food Additive, Medicine), End-Use Industry (Polymer, Chemical, Food), and Region - Forecast till 2030
ID: MRFR/CnM/1382-HCR | August 2022 | Region: Global | 140 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End-Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
5 Market Dynamics of Global Succinic Acid Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Technology
6. Global Succinic Acid Market, by Type
6.1 Introduction
6.2 Bio-Based
6.2.1 Market Estimates & Forecast, 2020−2027
6.2.2 Market Estimates & Forecast, by Region, 2020−2027
6.3 Synthetic
6.3.1 Market Estimates & Forecast, 2020−2027
6.3.2 Market Estimates & Forecast, by Region, 2020−2027
7. Global Succinic Acid Market, by Grade
7.1 Introduction
7.2 Food
7.2.1 Market Estimates & Forecast, 2020−2027
7.2.2 Market Estimates & Forecast, by Region, 2020−2027
7.3 Pharmaceutical
7.3.1 Market Estimates & Forecast, 2020−2027
7.3.2 Market Estimates & Forecast, by Region, 2020−2027
7.4 Industrial
7.4.1 Market Estimates & Forecast, 2020−2027
7.4.2 Market Estimates & Forecast, by Region, 2020−2027
8. Global Succinic Acid Market, by Application
8.1 Introduction
8.2 Chemical Intermediate
8.2.1 Market Estimates & Forecast, 2020−2027
8.2.2 Market Estimates & Forecast, by Region, 2020−2027
8.3 Food Additive
8.3.1 Market Estimates & Forecast, 2020−2027
8.3.2 Market Estimates & Forecast, by Region, 2020−2027
8.4 Medicine
8.4.1 Market Estimates & Forecast, 2020−2027
8.4.2 Market Estimates & Forecast, by Region, 2020−2027
8.5 Others
8.5.1 Market Estimates & Forecast, 2020−2027
8.5.2 Market Estimates & Forecast, by Region, 2020−2027
9. Global Succinic Acid Market, by End-Use Industry
9.1 Introduction
9.2 Polymer
9.2.1 Market Estimates & Forecast, 2020−2027
9.2.2 Market Estimates & Forecast, by Region, 2020−2027
9.3 Dyes & Pigments
9.3.1 Market Estimates & Forecast, 2020−2027
9.3.2 Market Estimates & Forecast, by Region, 2020−2027
9.4 Chemicals
9.4.1 Market Estimates & Forecast, 2020−2027
9.4.2 Market Estimates & Forecast, by Region, 2020−2027
9.5 Paints & Coatings
9.5.1 Market Estimates & Forecast, 2020−2027
9.5.2 Market Estimates & Forecast, by Region, 2020−2027
9.6 Pharmaceuticals
9.6.1 Market Estimates & Forecast, 2020−2027
9.6.2 Market Estimates & Forecast, by Region, 2020−2027
9.7 Cosmetics & Personal Care
9.7.1 Market Estimates & Forecast, 2020−2027
9.7.2 Market Estimates & Forecast, by Region, 2020−2027
9.8 Others
9.8.1 Market Estimates & Forecast, 2020−2027
9.8.2 Market Estimates & Forecast, by Region, 2020−2027
10. Global Succinic Acid Market, by Region
10.1 Introduction
10.2 North America
10.2.1 Market Estimates & Forecast, 2020−2027
10.2.2 Market Estimates & Forecast, by Type, 2020−2027
10.2.3 Market Estimates & Forecast, by Grade, 2020−2027
10.2.4 Market Estimates & Forecast, by Application, 2020−2027
10.2.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.2.6 US
10.2.6.1 Market Estimates & Forecast, 2020−2027
10.2.6.2 Market Estimates & Forecast, by Type, 2020−2027
10.2.6.3 Market Estimates & Forecast, by Grade, 2020−2027
10.2.6.4 Market Estimates & Forecast, by Application, 2020−2027
10.2.6.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.2.7 Canada
10.2.7.1 Market Estimates & Forecast, 2020−2027
10.2.7.2 Market Estimates & Forecast, by Type, 2020−2027
10.2.7.3 Market Estimates & Forecast, by Grade, 2020−2027
10.2.7.4 Market Estimates & Forecast, by Application, 2020−2027
10.2.7.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3 Europe
10.3.1 Market Estimates & Forecast, 2020−2027
10.3.2 Market Estimates & Forecast, by Type 2020−2027
10.3.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.6 Germany
10.3.6.1 Market Estimates & Forecast, 2020−2027
10.3.6.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.6.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.6.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.6.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.7 France
10.3.7.1 Market Estimates & Forecast, 2020−2027
10.3.7.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.7.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.7.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.7.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.8 Italy
10.3.8.1 Market Estimates & Forecast, 2020−2027
10.3.8.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.8.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.8.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.8.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.9 Spain
10.3.9.1 Market Estimates & Forecast, 2020−2027
10.3.9.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.9.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.9.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.9.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.10 UK
10.3.10.1 Market Estimates & Forecast, 2020−2027
10.3.10.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.10.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.10.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.10.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.11 Russia
10.3.11.1 Market Estimates & Forecast, 2020−2027
10.3.11.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.11.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.11.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.11.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.12 Poland
10.3.12.1 Market Estimates & Forecast, 2020−2027
10.3.12.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.12.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.12.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.12.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.3.12 Rest of Europe
10.3.12.1 Market Estimates & Forecast, 2020−2027
10.3.12.2 Market Estimates & Forecast, by Type, 2020−2027
10.3.12.3 Market Estimates & Forecast, by Grade, 2020−2027
10.3.12.4 Market Estimates & Forecast, by Application, 2020−2027
10.3.12.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.4 Asia-Pacific
10.4.1 Market Estimates & Forecast, 2020−2027
10.4.2 Market Estimates & Forecast, by Type, 2020−2027
10.4.3 Market Estimates & Forecast, by Grade, 2020−2027
10.4.4 Market Estimates & Forecast, by Application, 2020−2027
10.4.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.4.6 China
10.4.6.1 Market Estimates & Forecast, 2020−2027
10.4.6.2 Market Estimates & Forecast, by Type, 2020−2027
10.4.6.3 Market Estimates & Forecast by Grade, 2020−2027
10.4.6.4 Market Estimates & Forecast, by Application, 2020−2027
10.4.6.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.4.7 India
10.4.7.1 Market Estimates & Forecast, 2020−2027
10.4.7.2 Market Estimates & Forecast, by Type, 2020−2027
10.4.7.3 Market Estimates & Forecast, by Grade, 2020−2027
10.4.7.4 Market Estimates & Forecast, by Application, 2020−2027
10.4.7.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.4.8 Japan
10.4.8.1 Market Estimates & Forecast, 2020−2027
10.4.8.2 Market Estimates & Forecast, by Type, 2020−2027
10.4.8.3 Market Estimates & Forecast, by Grade, 2020−2027
10.4.8.4 Market Estimates & Forecast, by Application, 2020−2027
10.4.8.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.4.9 Australia & New Zealand
10.4.9.1 Market Estimates & Forecast, 2020−2027
10.4.9.2 Market Estimates & Forecast, by Type, 2020−2027
10.4.9.3 Market Estimates & Forecast, by Grade, 2020−2027
10.4.9.4 Market Estimates & Forecast, by Application, 2020−2027
10.4.9.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.4.10 Rest of Asia-Pacific
10.4.10.1 Market Estimates & Forecast, 2020−2027
10.4.10.2 Market Estimates & Forecast, by Type, 2020−2027
10.4.10.3 Market Estimates & Forecast, by Grade, 2020−2027
10.4.10.4 Market Estimates & Forecast, by Application, 2020−2027
10.4.10.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.5 Middle East & Africa
10.5.1 Market Estimates & Forecast, 2020−2027
10.5.2 Market Estimates & Forecast, by Type, 2020−2027
10.5.3 Market Estimates & Forecast, by Grade, 2020−2027
10.5.4 Market Estimates & Forecast, by Application, 2020−2027
10.5.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.5.6 GCC
10.5.6.1 Market Estimates & Forecast, 2020−2027
10.5.6.2 Market Estimates & Forecast, by Type, 2020−2027
10.5.6.3 Market Estimates & Forecast, by Grade, 2020−2027
10.5.6.4 Market Estimates & Forecast, by Application, 2020−2027
10.5.6.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.5.7 Israel
10.5.7.1 Market Estimates & Forecast, 2020−2027
10.5.7.2 Market Estimates & Forecast, by Type, 2020−2027
10.5.7.3 Market Estimates & Forecast, by Grade, 2020−2027
10.5.7.4 Market Estimates & Forecast, by Application, 2020−2027
10.5.7.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.5.8 North Africa
10.5.8.1 Market Estimates & Forecast, 2020−2027
10.5.8.2 Market Estimates & Forecast, by Type, 2020−2027
10.5.8.3 Market Estimates & Forecast, by Grade, 2020−2027
10.5.8.4 Market Estimates & Forecast, by Application, 2020−2027
10.5.8.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.5.9 Turkey
10.5.9.1 Market Estimates & Forecast, 2020−2027
10.5.9.2 Market Estimates & Forecast, by Type, 2020−2027
10.5.9.3 Market Estimates & Forecast, by Grade, 2020−2027
10.5.9.4 Market Estimates & Forecast, by Application, 2020−2027
10.5.9.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.5.10 Rest of the Middle East & Africa
10.5.10.1 Market Estimates & Forecast, 2020−2027
10.5.10.2 Market Estimates & Forecast, by Type, 2020−2027
10.5.10.3 Market Estimates & Forecast, by Grade, 2020−2027
10.5.10.4 Market Estimates & Forecast, by Application, 2020−2027
10.5.10.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.6 Latin America
10.6.1 Market Estimates & Forecast, 2020−2027
10.6.2 Market Estimates & Forecast, by Type, 2020−2027
10.6.3 Market Estimates & Forecast, by Grade, 2020−2027
10.6.4 Market Estimates & Forecast, by Application, 2020−2027
10.6.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.6.6 Brazil
10.6.6.1 Market Estimates & Forecast, 2020−2027
10.6.6.2 Market Estimates & Forecast, by Type, 2020−2027
10.6.6.3 Market Estimates & Forecast, by Grade, 2020−2027
10.6.6.4 Market Estimates & Forecast, by Application, 2020−2027
10.6.6.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.6.7 Mexico
10.6.7.1 Market Estimates & Forecast, 2020−2027
10.6.7.2 Market Estimates & Forecast, by Type, 2020−2027
10.6.7.3 Market Estimates & Forecast, by Grade, 2020−2027
10.6.7.4 Market Estimates & Forecast, by Application, 2020−2027
10.6.7.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.6.8 Argentina
10.6.8.1 Market Estimates & Forecast, 2020−2027
10.6.8.2 Market Estimates & Forecast, by Type, 2020−2027
10.6.8.3 Market Estimates & Forecast, by Grade, 2020−2027
10.6.8.4 Market Estimates & Forecast, by Application, 2020−2027
10.6.8.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
10.6.9 Rest of Latin America
10.6.9.1 Market Estimates & Forecast, 2020−2027
10.6.9.2 Market Estimates & Forecast, by Type, 2020−2027
10.6.9.3 Market Estimates & Forecast, by Grade, 2020−2027
10.6.9.4 Market Estimates & Forecast, by Application, 2020−2027
10.6.9.5 Market Estimates & Forecast, by End-Use Industry, 2020−2027
11. Company Landscape
11.1 Introduction
11.2 Market Strategy
11.3 Key Development Analysis
(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)
12. Company Profiles
12.1 Ernesto Ventos. S.A.
12.1.1 Company Overview
12.1.2 Financial Updates
12.1.3 Product/Business Segment Overview
12.1.4 Strategy
12.1.5 Key Developments
12.1.6 SWOT Analysis
12.2 Merck KGaA
12.2.1 Company Overview
12.2.2 Financial Updates
12.2.3 Product/Business Segment Overview
12.2.4 Strategy
12.2.5 Key Developments
12.2.6 SWOT Analysis
12.3 ThyssenKrupp AG
12.3.1 Company Overview
12.3.2 Financial Updates
12.3.3 Product/Business Segment Overview
12.3.4 Strategy
12.3.5 Key Developments
12.3.6 SWOT Analysis
12.4 BioAmber, Inc.
12.4.1 Company Overview
12.4.2 Financial Updates
12.4.3 Product/Business Segment Overview
12.4.4 Strategy
12.4.5 Key Developments
12.4.6 SWOT Analysis
12.5 Myriant Corporation
12.5.1 Company Overview
12.5.2 Financial Updates
12.5.3 Product/Business Segment Overview
12.5.4 Strategy
12.5.5 Key Developments
12.5.6 SWOT Analysis
12.6 Succinity GmbH
12.6.1 Company Overview
12.6.2 Financial Updates
12.6.3 Product/Business Segment Overview
12.6.4 Strategy
12.6.5 Key Developments
12.6.6 SWOT Analysis
12.7 Reverdia
12.7.1 Company Overview
12.7.2 Financial Updates
12.7.3 Product/Business Segment Overview
12.7.4 Strategy
12.7.5 Key Developments
12.7.6 SWOT Analysis
12.8 NIPPON SHOKUBAI CO., LTD.
12.8.1 Company Overview
12.8.2 Financial Updates
12.8.3 Product/Business Segment Overview
12.8.4 Strategy
12.8.5 Key Developments
12.8.6 SWOT Analysis
12.9 KAWASAKI KASEI CHEMICALS
12.9.1 Company Overview
12.9.2 Financial Updates
12.9.3 Product/Business Segment Overview
12.9.4 Strategy
12.9.5 Key Developments
12.9.6 SWOT Analysis
12.10 Anhui Sunsing Chemicals Co., Ltd.
12.10.1 Company Overview
12.10.2 Financial Updates
12.10.3 Product/Business Segment Overview
12.10.4 Strategy
12.10.5 Key Developments
12.10.6 SWOT Analysis
12.10 Gadiv Petrochemical Industries Ltd.
12.10.1 Company Overview
12.10.2 Financial Updates
12.10.3 Product/Business Segment Overview
12.10.4 Strategy
12.10.5 Key Developments
12.10.6 SWOT Analysis
12.12 Spectrum Chemical Manufacturing Corp.
12.12.1 Company Overview
12.12.2 Financial Updates
12.12.3 Product/Business Segment Overview
12.12.4 Strategy
12.12.5 Key Developments
12.12.6 SWOT Analysis
12.12 FUSO CHEMICAL CO., LTD.
12.12.1 Company Overview
12.12.2 Financial Updates
12.12.3 Product/Business Segment Overview
12.12.4 Strategy
12.12.5 Key Developments
12.12.6 SWOT Analysis
12.14 S.S. Pharmachem
12.14.1 Company Overview
12.14.2 Financial Updates
12.14.3 Product/Business Segment Overview
12.14.4 Strategy
12.14.5 Key Developments
12.14.6 SWOT Analysis
12.15 R-Biopharm AG
12.15.1 Company Overview
12.15.2 Financial Updates
12.15.3 Product/Business Segment Overview
12.15.4 Strategy
12.15.5 Key Developments
12.15.6 SWOT Analysis
12. Conclusion
LIST OF TABLES
Table 1 Global Succinic Acid Market, by Region, 2020−2027
Table 2 North America: Succinic Acid Market, by Country, 2020−2027
Table 3 Europe: Succinic Acid Market, by Country, 2020−2027
Table 4 Asia-Pacific: Succinic Acid Market, by Country, 2020−2027
Table 5 Middle East & Africa: Succinic Acid Market, by Country, 2020−2027
Table 6 Latin America: Succinic Acid Market, by Country, 2020−2027
Table 7 Global Succinic Acid by Type Market, by Regions, 2020−2027
Table 8 North America: Succinic Acid by Type Market, by Country, 2020−2027
Table 9 Europe: Succinic Acid by Type Market, by Country, 2020−2027
Table10 Asia-Pacific: Succinic Acid by Type Market, by Country, 2020−2027
Table10 Middle East & Africa: Succinic Acid by Type Market, by Country, 2020−2027
Table12 Latin America: Succinic Acid by Type Market, by Country, 2020−2027
Table12 Global Succinic Acid Grade Market, by Regions, 2020−2027
Table14 North America: Succinic Acid Grade Market, by Country, 2020−2027
Table15 Europe: Succinic Acid Grade Market, by Country, 2020−2027
Table16 Asia-Pacific: Succinic Acid Grade Market, by Country, 2020−2027
Table17 Middle East & Africa: Succinic Acid Grade Market, by Country, 2020−2027
Table18 Latin America: Succinic Acid Grade Market, by Country, 2020−2027
Table19 Global Succinic Acid Application Market, by Regions, 2020−2027
Table20 North America: Succinic Acid Application Market, by Country, 2020−2027
Table21 Europe: Succinic Acid Application Market, by Country, 2020−2027
Table22 Asia-Pacific: Succinic Acid Application Market, by Country, 2020−2027
Table23 Middle East & Africa: Succinic Acid Application Market, by Country, 2020−2027
Table24 Latin America: Succinic Acid Application Market, by Country, 2020−2027
Table 25 Global Succinic Acid End-Use Industry Market, by Regions, 2020−2027
Table 26 North America: Succinic Acid End-Use Industry Market, by Country, 2020−2027
Table 27 Europe: Succinic Acid End-Use Industry Market, by Country, 2020−2027
Table 28 Asia-Pacific: Succinic Acid End-Use Industry Market, by Country, 2020−2027
Table 29 Middle East & Africa: Succinic Acid End-Use Industry Market, by Country, 2020−2027
Table 30 Latin America: Succinic Acid End-Use Industry Market, by Country, 2020−2027
Table 31 Global Type Market, by Region, 2020−2027
Table 32 Global Grade Market, by Region, 2020−2027
Table 33 Global Application Market, by Region, 2020−2027
Table 34 Global End-Use Industry Market, by Region, 2020−2027
Table 35 North America: Succinic Acid Market, by Country, 2020−2027
Table 36 North America: Succinic Acid Market, by Type, 2020−2027
Table 37 North America: Succinic Acid Market, by Grade, 2020−2027
Table 38 North America: Succinic Acid Market, by Application, 2020−2027
Table 39 North America: Succinic Acid Market, by End-Use Industry, 2020−2027
Table 40 Europe: Succinic Acid Market, by Country, 2020−2027
Table 41 Europe: Succinic Acid Market, by Type, 2020−2027
Table 42 Europe: Succinic Acid Market, by Grade, 2020−2027
Table 43 Europe: Succinic Acid Market, by Application, 2020−2027
Table 44 Europe: Succinic Acid Market, by End-Use Industry, 2020−2027
Table 45 Asia-Pacific: Succinic Acid Market, by Country, 2020−2027
Table 46 Asia-Pacific: Succinic Acid Market, by Type, 2020−2027
Table 47 Asia-Pacific: Succinic Acid Market, by Grade, 2020−2027
Table 48 Asia-Pacific: Succinic Acid Market, by Application, 2020−2027
Table 49 Asia-Pacific: Succinic Acid Market, by End-Use Industry, 2020−2027
Table 50 Middle East & Africa: Succinic Acid Market, by Country, 2020−2027
Table 51 Middle East & Africa: Succinic Acid Market, by Type, 2020−2027
Table 52 Middle East & Africa: Succinic Acid Market, by Grade, 2020−2027
Table 53 Middle East & Africa: Succinic Acid Market, by Application, 2020−2027
Table 54 Middle East & Africa: Succinic Acid Market, by End-Use Industry, 2020−2027
Table 55 Latin America: Succinic Acid Market, by Country, 2020−2027
Table 56 Latin America: Succinic Acid Market, by Type, 2020−2027
Table 57 Latin America: Succinic Acid Market, by Grade, 2020−2027
Table 58 Latin America: Succinic Acid Market, by Application, 2020−2027
Table 59 Latin America: Succinic Acid Market, by End-Use Industry, 2020−2027
LIST OF FIGURES
Figure 1 Global Succinic Acid Market Segmentation
Figure 2 Forecast Research Methodology
Figure 3 Five Forces Analysis of Global Succinic Acid Market
Figure 4 Value Chain of Global Succinic Acid Market
Figure 5 Share of Global Succinic Acid Market in 2020, by Country (%)
Figure 6 Global Succinic Acid Market, 2020−2027,
Figure 7 Global Succinic Acid Market Size, by Type, 2020
Figure 8 Share of Global Succinic Acid Market, by Type, 2020 −2027
Figure 9 Global Succinic Acid Market Size, by Grade, 2020
Figure 10 Share of Global Succinic Acid Market, by Grade, 2020 −2027
Figure 11 Global Succinic Acid Market Size, by Application, 2020
Figure 12 Share of Global Succinic Acid Market, by Application, 2020 −2027
Figure13 Global Succinic Acid Market Size, by End-Use Industry, 2020
Figure 14 Share of Global Succinic Acid Market, by End-Use Industry, 2020 −2027
Succinic Acid Market
The Succinic Acid Market is projected to be worth USD 235.12 Million by 2030, registering a CAGR of 6.41% during the forecast period (2022 - 2030).
$235.12 Million
Market Size
6.41%
CAGR
Asia-Pacific
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Merck KGaA (Germany)
- Ernesto Ventos. S.A. (Spain)
- ThyssenKrupp AG (Germany)
- BioAmber Inc. (US)
- Myriant Corporation (US)
- Succinity GmbH (Germany)
- Reverdia (Netherlands)
- NIPPON SHOKUBAI CO. LTD. (Japan)
- KAWASAKI KASEI CHEMICALS (Japan)
- Anhui Sunsing Chemicals Co. Ltd. (China)
- Gadiv Petrochemical Industries Ltd.
- Spectrum Chemical Manufacturing Corp.
- FUSO CHEMICAL CO. LTD. (Japan)
- S.S. Pharmachem (India)
- R-Biopharm AG (Germany)
Drivers
- The growing demand from the food & beverage industry.
- The growth of the product market is the availability of bio-based alternatives.
Succinic Acid Market- Segmentation:
The Succinic Acid Market has been divided all across the globe based on Type, Grade, Application, and End-User Industry.
Based on the Type:
The Succinic Acid Market has been divided all across the globe based on type into the synthetic type and bio-based type.
Based on the Grade:
The Succinic Acid Market has been divided all across the globe based on the grade into industrial grade, pharmaceutical grade, and food grade.
Based on Application:
The Succinic Acid Market has been divided all across the globe based on the application into medicine, food additive, chemical intermediate, and many others.
Based on End-User Industry:
The Succinic Acid Market has been divided all across the globe based on the end-user industry into personal care industry, cosmetics industry, pharmaceuticals industry, paints, and coatings industry, chemicals industry, dyes and pigments industry, polymer industry, and many others.
COVID 19 Analysis:
The Global Pandemic of COVID 19 has affected a large section of society. Most people have lost their livelihood because of this global pandemic. It has affected the growth and dynamics of several industries. Owing to the shortage of vaccines, everyone is concerned about their immunity and follows social distancing. With the increasing social distancing and contactless activities, the demand for packed food has increased many folds which indirectly creates more growth opportunities for the succinic market in the global market. Now people are more inclined towards packaged food for ensuring proper hygiene and safety.
The global pandemic of COVID 19 has a positive impact on the global market share of the Succinic Acid Market. The market share for succinic acid is also expected to grow furthermore during the forecasted period from 2021 to 2028.
Competitive Landscape:
The Most Prominent Major Key Players in the Succinic Acid Market all across the globe are mentioned below:
- R-Biopharm AG (Germany)
- S. Pharmachem (India)
- FUSO CHEMICAL CO., LTD (Japan)
- Spectrum Chemical Manufacturing Corp. (US)
- Gadiv Petrochemical Industries Ltd. (Israel)
- Anhui Sunsing Chemicals Co., Ltd. (China)
- KAWASAKI KASEI CHEMICALS (Japan)
- NIPPON SHOKUBAI CO., LTD (Japan)
- Reverdia (Netherlands)
- Succinity GmbH (Germany)
- Myriant Corporation (US)
- BioAmber, Inc. (US)
- ThyssenKrupp AG (Germany)
- Ernesto Ventos S.A. (Spain)
- Merck kGaA (Germany)
These Major Key Players use various strategies to sustain their market position in the Succinic Acid Market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new production process, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the succinic acid all across the globe.
Market Dynamics:
Drivers:
Various factors drive the Succinic Acid Market in the global market. Use of succinic acid as an intermediate for producing paint and coatings, metal treatment chemicals, plasticizers, alkyd resins, photographic chemicals, lacquers, perfumes, industrial solvents, and manufacturing dyes. Also, it is largely used in producing medicines for cancer, contraceptives, anrhoers, antiphogistic, antiplegm, antispasmers, and sedatives. Additionally, the increasing use of succinic acid in food and beverages boosts the market growth rate.
Opportunities:
With the increase in industrialization, the packaging industry is growing very rapidly and hence creates more demand opportunities for the Succinic Acid Market. Also, a rapid increase in working women ratio, changing dietary habits, growing per-capita income all across the globe provides various growth opportunities in the global market. Also, the availability of various bio-based alternatives creates more growth opportunities. Increasing the use of succinic acid as an intermediate in the various end-user industries creates more demand opportunities in the global market.
Restraints:
Though the Succinic Acid Market is growing rapidly in the global market various factors restrict its growth. This market is a capital-intensive market and requires a huge amount of capital for its manufacturing which is not affordable by all. It requires an adequate supply of raw material, proficient technology, along with rigorous research and development. The presence of stringent regulations related to the environment levied by (REACH) Registration, Evaluation, Authorization and Restriction Chemicals and (EFA) Environment Protection agency restricts the market growth.
Value Chain Analysis:
The demand for Succinic Acid is increasing tremendously in the global market owing to various benefits associated with it. This kind of acid is used to produce industrial solvent 4-Butanediol which is further used in the production of polyurethanes, elastic fibers, and plastics. Increasing the use of plastic and polyurethane creates more demand for the Succinic Acid Market. Moreover, this acid is largely used in the cosmetic industry and helps in keeping the pores of skin clean and closed. It also helps in healing scars, treating blemishes, and reduce the sign of aging. Also, the use of succinic acid in the various end-user industries makes it more valuable in the global market.
Global Succinic Acid Market Share, by Application (2017):
Source: MRFR Analysis
Market Overview:
A water-soluble, odorless, and colorless solid called succinic acid. It can be manufactured by both synthetic and natural processes. Using a natural process of manufacturing, succinic acid is made by microbial fermentation of glucose from raw materials like tapioca (cassava), sugarcane, wheat, and maize. Using a synthetic process of manufacturing, succinic acid is made from maleic anhydride. This acid is highly used as a flavoring agent in the food and beverages industry. Not only in the food and beverages industry, but it is also used in various other industries as well like in dyes, perfumes, photographic, plasticizers, and many others.
Regional Analysis:
The Succinic Acid Market has been divided all across the globe based on the region into Latin American region, North American region, Asia-Pacific region, European region, and the Middle East and African region. The largest market share in the global market is held by the Asia-Pacific region owing to increasing industrialization. Other factors like labor cost, low production, and flexible investment norms in this region also provide growth opportunities.
The second-largest market share in the global market is held by the North American region owing to the presence of various end-user industries like the chemicals industry, food and beverage industries, and many others.
The third-largest market share in the global market is held by the European region owing to the presence of various end-user industries like the cosmetic industry, pharmaceutical industry, and many others. Additionally, stringent environmental rules and norms create positive demand for bio-based succinic acid.
The Middle East and African region also show moderate growth owing to the increasing demand for succinic acid in the food and beverages industry and cosmetic industry.
The Latin American region shows the least growth rate during the forecasted period owing to slow economic growth in this region.
Recent Developments:
In November 2016, a strategic partnership has been developed between Hangzhou Xinfu Science and Technology (China) and Reverdia. This partnership will help in adopting Bio-succinic in polymers in the packaging industry for a long-term agreement.
In October 2016, a new partnership was observed between Dezhou Xinhuarun Technology (China) and Reverdia. This partnership will help in promoting the use of bio-succinic acid in different end-user industries like making soles for footwear and many other applications.
In August 2016, another method of manufacturing succinic acid and chemicals containing sucrose has been invented by the Anhui Sunsing Chemicals. This will help in manufacturing succinic acid using fermentation with microorganisms.
Gadiv Petrochemical Industries Ltd. (Israel) has been spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company by increasing the sales revenue.
October 16, 2019 - Perricone MD (the US), a global leader in anti-aging skincare, with all products, launched its new two-step acne treatment skincare line named Acne Relief Prebiotic Acne Therapy. The New Acne Relief Prebiotic 90-Day Regimen is formulated with succinic acid as one of the main ingredients to support a healthy surface skin microbiome for a clearer, more radiant complexion.
Report Overview:
This Global Succinic Acid Market Research Report consists of the following elements mentioned below:
- Market Overview
- COVID 19 Analysis
- Market Dynamics
- Value Chain Analysis
- Market Segmentation
- Regional Analysis
- Competitive Landscape
- Recent Developments
This Market Research Report contains factors that drive the growth of the Succinic Acid Market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth during the forecasted period are mentioned. The impact of COVID 19 on the sales revenue of the Succinic Acid Market all across the globe is mentioned.
Intended Audience:
Nationalized laboratories, raw material suppliers, potential investors, research and development institutes, traders and distributors of succinic acid, succinic acid manufacturers, and many others.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: Significant Value |
| CAGR | Substantial Value |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Grade, Application and End-Use |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Merck KGaA (Germany), Ernesto Ventos. S.A. (Spain), ThyssenKrupp AG (Germany), BioAmber, Inc. (US), Myriant Corporation (US), Succinity GmbH (Germany), Reverdia (Netherlands), NIPPON SHOKUBAI CO., LTD. (Japan), KAWASAKI KASEI CHEMICALS (Japan), Anhui Sunsing Chemicals Co., Ltd. (China), Gadiv Petrochemical Industries Ltd. (Israel), Spectrum Chemical Manufacturing Corp. (US), FUSO CHEMICAL CO., LTD. (Japan), S.S. Pharmachem (India), and R-Biopharm AG (Germany) |
| Key Market Opportunities | Stringent environmental regulations in developed regions such as North America and Europe are expected to boost the demand |
| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
Succinic acid is finds its applications in industries such as food and beverages, chemicals, and pharmaceuticals. In food & beverages it is used as a flavoring agent and in chemicals succinic acid is used as intermediate for manufacturing.
The food & beverages industry is the largest end-user industry of succinic acids.
Rising usages in the drug manufacturing.
Asia Pacific holds the largest share in the global succinic acid market followed by North America and Europe, respectively.
Ernesto Ventos. S.A. (Spain), Merck KGaA (Germany), ThyssenKrupp AG (Germany), Myriant Corporation (US), BioAmber, Inc. (US), Succinity GmbH (Germany), Nippon Shokubai Co., Ltd. (Japan), Reverdia (Netherlands), Kawasaki Kasei Chemicals (Japan), Gadiv Petrochemical Industries Ltd. (Israel), Anhui Sunsing Chemicals Co., Ltd. (China), Spectrum Chemical Manufacturing Corp. (US), S.S. Pharmachem (India), FUSO CHEMICAL CO., LTD. (Japan), and R-Biopharm AG (Germany), are some of the leading players in the global succinic acid market.
