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

Description

List of Tables

The Asia Pacific Succinic Acid Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 26,628.9 tonnes, showcasing a growth of 9.4% (2019-2022).

Succinic acid (SA), also called butanedioic acid, is a naturally occurring dicarboxylic acid found in various living organisms. It is a pivotal intermediate in the tricarboxylic acid (TCA) cycle, playing a crucial role in cellular metabolism. Chemically, it is a colorless crystalline solid with a slightly acidic taste, making it a valuable component in the food and pharmaceutical industries. In recent years, succinic acid has garnered attention as a platform chemical due to its potential in producing bio-based materials and polymers.

Moreover, it is increasingly utilized in pharmaceutical, construction, and infrastructure development, contributing to the expansion. It is manufactured using bio-based and petroleum-based materials. It is expected that the growing preference for succinic acid over butane-based maleic anhydride in the production of chemicals traditionally manufactured from butane, including succinic anhydride, plastics, diethylmaleate, polymers, fumaric, and glyoxylic acid, will have a positive impact on market growth.

According to the Ministry of Economy, Trade and Industry (METI) report updated in 2021, Japan's cosmetics and personal care industry was valued at approximately $35 billion in 2019. Skincare products are used by 53% of the Japanese cosmetics industry. It can be a natural additive in various cosmetics, contributing to product stability and performance. Its use aligns with the trend towards clean beauty and the demand for cosmetics with minimal synthetic additives. Due to the aforementioned factors the market growth will drive in this region.

The China market dominated the Asia Pacific Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $37,302.9 Thousands by 2030. The Japan market is experiencing a CAGR of 9.6% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 10.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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.

Asia Pacific 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)

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Succinic Acid Market, by Type
- 1.4.2 Asia Pacific Succinic Acid Market, by End-use
- 1.4.3 Asia Pacific 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. Asia Pacific Succinic Acid Market by Type

4.1 Asia Pacific Petro-based Market by Country
4.2 Asia Pacific Bio-based Market by Country

Chapter 5. Asia Pacific Succinic Acid Market by End-use

5.1 Asia Pacific Industrial Market by Country
5.2 Asia Pacific Food & Beverages Market by Country
5.3 Asia Pacific Coatings Market by Country
5.4 Asia Pacific Pharmaceutical Market by Country
5.5 Asia Pacific Personal Care & Cosmetics Market by Country
5.6 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Succinic Acid Market by Country

6.1 China Succinic Acid Market
- 6.1.1 China Succinic Acid Market by Type
- 6.1.2 China Succinic Acid Market by End-use
6.2 Japan Succinic Acid Market
- 6.2.1 Japan Succinic Acid Market by Type
- 6.2.2 Japan Succinic Acid Market by End-use
6.3 India Succinic Acid Market
- 6.3.1 India Succinic Acid Market by Type
- 6.3.2 India Succinic Acid Market by End-use
6.4 South Korea Succinic Acid Market
- 6.4.1 South Korea Succinic Acid Market by Type
- 6.4.2 South Korea Succinic Acid Market by End-use
6.5 Singapore Succinic Acid Market
- 6.5.1 Singapore Succinic Acid Market by Type
- 6.5.2 Singapore Succinic Acid Market by End-use
6.6 Malaysia Succinic Acid Market
- 6.6.1 Malaysia Succinic Acid Market by Type
- 6.6.2 Malaysia Succinic Acid Market by End-use
6.7 Rest of Asia Pacific Succinic Acid Market
- 6.7.1 Rest of Asia Pacific Succinic Acid Market by Type
- 6.7.2 Rest of Asia Pacific 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 Asia Pacific Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 4 Asia Pacific Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 5 Asia Pacific Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 8 Asia Pacific Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 9 Asia Pacific Petro-based Market by Country, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Petro-based Market by Country, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific Petro-based Market by Country, 2019 - 2022, Tonnes
TABLE 12 Asia Pacific Petro-based Market by Country, 2023 - 2030, Tonnes
TABLE 13 Asia Pacific Bio-based Market by Country, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Bio-based Market by Country, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Bio-based Market by Country, 2019 - 2022, Tonnes
TABLE 16 Asia Pacific Bio-based Market by Country, 2023 - 2030, Tonnes
TABLE 17 Asia Pacific Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 18 Asia Pacific Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 19 Asia Pacific Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 20 Asia Pacific Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 21 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Thousands
TABLE 22 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Thousands
TABLE 23 Asia Pacific Industrial Market by Country, 2019 - 2022, Tonnes
TABLE 24 Asia Pacific Industrial Market by Country, 2023 - 2030, Tonnes
TABLE 25 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 26 Asia Pacific Food & Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 27 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 28 Asia Pacific Food & Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 29 Asia Pacific Coatings Market by Country, 2019 - 2022, USD Thousands
TABLE 30 Asia Pacific Coatings Market by Country, 2023 - 2030, USD Thousands
TABLE 31 Asia Pacific Coatings Market by Country, 2019 - 2022, Tonnes
TABLE 32 Asia Pacific Coatings Market by Country, 2023 - 2030, Tonnes
TABLE 33 Asia Pacific Pharmaceutical Market by Country, 2019 - 2022, USD Thousands
TABLE 34 Asia Pacific Pharmaceutical Market by Country, 2023 - 2030, USD Thousands
TABLE 35 Asia Pacific Pharmaceutical Market by Country, 2019 - 2022, Tonnes
TABLE 36 Asia Pacific Pharmaceutical Market by Country, 2023 - 2030, Tonnes
TABLE 37 Asia Pacific Personal Care & Cosmetics Market by Country, 2019 - 2022, USD Thousands
TABLE 38 Asia Pacific Personal Care & Cosmetics Market by Country, 2023 - 2030, USD Thousands
TABLE 39 Asia Pacific Personal Care & Cosmetics Market by Country, 2019 - 2022, Tonnes
TABLE 40 Asia Pacific Personal Care & Cosmetics Market by Country, 2023 - 2030, Tonnes
TABLE 41 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 42 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 43 Asia Pacific Others Market by Country, 2019 - 2022, Tonnes
TABLE 44 Asia Pacific Others Market by Country, 2023 - 2030, Tonnes
TABLE 45 Asia Pacific Succinic Acid Market by Country, 2019 - 2022, USD Thousands
TABLE 46 Asia Pacific Succinic Acid Market by Country, 2023 - 2030, USD Thousands
TABLE 47 Asia Pacific Succinic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 48 Asia Pacific Succinic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 49 China Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 50 China Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 51 China Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 52 China Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 53 China Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 54 China Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 55 China Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 56 China Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 57 China Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 58 China Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 59 China Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 60 China Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 61 Japan Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 62 Japan Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 63 Japan Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 64 Japan Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 65 Japan Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 66 Japan Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 67 Japan Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 68 Japan Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 69 Japan Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 70 Japan Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 71 Japan Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 72 Japan Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 73 India Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 74 India Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 75 India Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 76 India Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 77 India Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 78 India Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 79 India Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 80 India Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 81 India Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 82 India Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 83 India Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 84 India Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 85 South Korea Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 86 South Korea Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 87 South Korea Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 88 South Korea Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 89 South Korea Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 90 South Korea Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 91 South Korea Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 92 South Korea Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 93 South Korea Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 94 South Korea Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 95 South Korea Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 96 South Korea Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 97 Singapore Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 98 Singapore Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 99 Singapore Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 100 Singapore Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 101 Singapore Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 102 Singapore Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 103 Singapore Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 104 Singapore Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 105 Singapore Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 106 Singapore Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 107 Singapore Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 108 Singapore Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 109 Malaysia Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 110 Malaysia Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 111 Malaysia Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 112 Malaysia Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 113 Malaysia Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 114 Malaysia Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 115 Malaysia Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 116 Malaysia Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 117 Malaysia Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 118 Malaysia Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 119 Malaysia Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 120 Malaysia Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 121 Rest of Asia Pacific Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 122 Rest of Asia Pacific Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 123 Rest of Asia Pacific Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 124 Rest of Asia Pacific Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 125 Rest of Asia Pacific Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 126 Rest of Asia Pacific Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 127 Rest of Asia Pacific Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 128 Rest of Asia Pacific Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 129 Rest of Asia Pacific Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 130 Rest of Asia Pacific Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 131 Rest of Asia Pacific Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 132 Rest of Asia Pacific 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.

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