Europe Succinic Acid Market Size, Share & Trends Analysis Report By Type, By End-use, By Country and Growth Forecast, 2023

Description

List of Tables

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

LIST OF TABLES

TABLE 1 Europe Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 2 Europe Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 3 Europe Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 4 Europe Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 5 Europe Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 6 Europe Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 7 Europe Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 8 Europe Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 9 Europe Petro-based Market by Country, 2019 - 2022, USD Thousands
TABLE 10 Europe Petro-based Market by Country, 2023 - 2030, USD Thousands
TABLE 11 Europe Petro-based Market by Country, 2019 - 2022, Tonnes
TABLE 12 Europe Petro-based Market by Country, 2023 - 2030, Tonnes
TABLE 13 Europe Bio-based Market by Country, 2019 - 2022, USD Thousands
TABLE 14 Europe Bio-based Market by Country, 2023 - 2030, USD Thousands
TABLE 15 Europe Bio-based Market by Country, 2019 - 2022, Tonnes
TABLE 16 Europe Bio-based Market by Country, 2023 - 2030, Tonnes
TABLE 17 Europe Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 18 Europe Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 19 Europe Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 20 Europe Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 21 Europe Industrial Market by Country, 2019 - 2022, USD Thousands
TABLE 22 Europe Industrial Market by Country, 2023 - 2030, USD Thousands
TABLE 23 Europe Industrial Market by Country, 2019 - 2022, Tonnes
TABLE 24 Europe Industrial Market by Country, 2023 - 2030, Tonnes
TABLE 25 Europe Food & Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 26 Europe Food & Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 27 Europe Food & Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 28 Europe Food & Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 29 Europe Coatings Market by Country, 2019 - 2022, USD Thousands
TABLE 30 Europe Coatings Market by Country, 2023 - 2030, USD Thousands
TABLE 31 Europe Coatings Market by Country, 2019 - 2022, Tonnes
TABLE 32 Europe Coatings Market by Country, 2023 - 2030, Tonnes
TABLE 33 Europe Pharmaceutical Market by Country, 2019 - 2022, USD Thousands
TABLE 34 Europe Pharmaceutical Market by Country, 2023 - 2030, USD Thousands
TABLE 35 Europe Pharmaceutical Market by Country, 2019 - 2022, Tonnes
TABLE 36 Europe Pharmaceutical Market by Country, 2023 - 2030, Tonnes
TABLE 37 Europe Personal Care & Cosmetics Market by Country, 2019 - 2022, USD Thousands
TABLE 38 Europe Personal Care & Cosmetics Market by Country, 2023 - 2030, USD Thousands
TABLE 39 Europe Personal Care & Cosmetics Market by Country, 2019 - 2022, Tonnes
TABLE 40 Europe Personal Care & Cosmetics Market by Country, 2023 - 2030, Tonnes
TABLE 41 Europe Others Market by Country, 2019 - 2022, USD Thousands
TABLE 42 Europe Others Market by Country, 2023 - 2030, USD Thousands
TABLE 43 Europe Others Market by Country, 2019 - 2022, Tonnes
TABLE 44 Europe Others Market by Country, 2023 - 2030, Tonnes
TABLE 45 Europe Succinic Acid Market by Country, 2019 - 2022, USD Thousands
TABLE 46 Europe Succinic Acid Market by Country, 2023 - 2030, USD Thousands
TABLE 47 Europe Succinic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 48 Europe Succinic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 49 Germany Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 50 Germany Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 51 Germany Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 52 Germany Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 53 Germany Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 54 Germany Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 55 Germany Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 56 Germany Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 57 Germany Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 58 Germany Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 59 Germany Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 60 Germany Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 61 UK Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 62 UK Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 63 UK Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 64 UK Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 65 UK Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 66 UK Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 67 UK Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 68 UK Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 69 UK Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 70 UK Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 71 UK Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 72 UK Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 73 France Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 74 France Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 75 France Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 76 France Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 77 France Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 78 France Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 79 France Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 80 France Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 81 France Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 82 France Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 83 France Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 84 France Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 85 Russia Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 86 Russia Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 87 Russia Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 88 Russia Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 89 Russia Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 90 Russia Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 91 Russia Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 92 Russia Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 93 Russia Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 94 Russia Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 95 Russia Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 96 Russia Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 97 Spain Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 98 Spain Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 99 Spain Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 100 Spain Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 101 Spain Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 102 Spain Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 103 Spain Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 104 Spain Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 105 Spain Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 106 Spain Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 107 Spain Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 108 Spain Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 109 Italy Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 110 Italy Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 111 Italy Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 112 Italy Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 113 Italy Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 114 Italy Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 115 Italy Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 116 Italy Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 117 Italy Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 118 Italy Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 119 Italy Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 120 Italy Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 121 Rest of Europe Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 122 Rest of Europe Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 123 Rest of Europe Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 124 Rest of Europe Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 125 Rest of Europe Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 126 Rest of Europe Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 127 Rest of Europe Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 128 Rest of Europe Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 129 Rest of Europe Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 130 Rest of Europe Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 131 Rest of Europe Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 132 Rest of Europe Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 133 Key Information - BASF SE
TABLE 134 Key Information - Parchem - fine & specialty chemicals
TABLE 135 Key Information - The Dow Chemical Company
TABLE 136 Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 137 Key Information - Nippon Shokubai Co., Ltd.
TABLE 138 Key Information - Roquette Freres SA
TABLE 139 Key Information - spectrum chemical mfg.corp
TABLE 140 Key Information - The Chemical Company
TABLE 141 Key Information - Ernesto Ventos S.A.
TABLE 142 Key Information - Anhui Sunsing Chemicals CO., LTD.

Europe Succinic Acid Market Size, Share & Trends Analysis Report By Type, By End-use, By Country and Growth Forecast, 2023 - 2030