Bio-Succinic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application, By End User, By Region and Competition, 2020-2030F

Description

The Global Bio-Succinic Acid Market, valued at USD 131.96 Million in 2024, is projected to experience a CAGR of 4.54% to reach USD 172.25 Million by 2030. Bio-succinic acid is a dicarboxylic acid derived from renewable biomass through fermentation, offering an environmentally conscious alternative to its petrochemical counterpart. The market's expansion is primarily driven by escalating demand for sustainable chemicals across diverse sectors and supportive environmental regulations promoting bio-based materials.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 131.96 Million
Market Size 2030	USD 172.25 Million
CAGR 2025-2030	4.54%
Fastest Growing Segment	Personal Care and Cosmetics
Largest Market	Europe

Key Market Drivers

The global bio-succinic acid market is significantly influenced by two primary drivers: increasing demand for sustainable and eco-friendly products, and continuous advancements in fermentation technologies. The escalating consumer and industrial preference for materials with reduced environmental impact directly stimulates the market for bio-based alternatives like bio-succinic acid, which serves as a renewable building block.

Key Market Challenges

The inherent challenge of achieving cost competitiveness with petroleum-derived succinic acid significantly hampers the growth of the Global Bio-Succinic Acid Market. The complex nature of fermentation processes and the substantial capital investment required for constructing and operating large-scale biorefineries contribute to elevated production costs for bio-succinic acid. This results in a higher market price compared to its conventional, petrochemical-derived counterpart. Industries prioritizing cost efficiency often select the more affordable fossil-based succinic acid, thereby limiting the adoption and market penetration of the bio-based alternative despite its environmental advantages.

Key Market Trends

This trend reflects the increasing integration of bio-succinic acid as a fundamental building block across a broader spectrum of bioplastics and bio-based polymers. Its versatility in imparting desired properties like biodegradability and improved performance meets escalating demand for sustainable materials in sectors such as packaging, automotive, and consumer goods. The continuous development of novel polymer formulations incorporating bio-succinic acid drives market growth.

Key Market Players

BASF SE
Roquette Freres SA
Koninklijke DSM N.V.
BioAmber Inc.
Myriant Corporation
Kawasaki Kasei Chemicals Ltd
Mitsui & Co., Ltd
Corbion N.V.
Nippon Shokubai Co., Ltd.
Mitsubishi Chemical Group Corporation

Report Scope:

In this report, the Global Bio-Succinic Acid Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Bio-Succinic Acid Market, By Application:

BDO
Polyester Polyols
Plasticizers
PBS/PBST
Alkyd Resins
Polymers and Esters
Solvents and Coatings
Others

Bio-Succinic Acid Market, By End User:

Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Others

Bio-Succinic Acid Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Bio-Succinic Acid Market.

Available Customizations:

Global Bio-Succinic Acid Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Bio-Succinic Acid Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application (BDO, Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins, Polymers and Esters, Solvents and Coatings, Others)
- 5.2.2. By End User (Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
5.3. Market Map

6. North America Bio-Succinic Acid Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By End User
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Bio-Succinic Acid Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application
    - 6.3.1.2.2. By End User
- 6.3.2. Canada Bio-Succinic Acid Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application
    - 6.3.2.2.2. By End User
- 6.3.3. Mexico Bio-Succinic Acid Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application
    - 6.3.3.2.2. By End User

7. Europe Bio-Succinic Acid Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By End User
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Bio-Succinic Acid Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application
    - 7.3.1.2.2. By End User
- 7.3.2. France Bio-Succinic Acid Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application
    - 7.3.2.2.2. By End User
- 7.3.3. United Kingdom Bio-Succinic Acid Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application
    - 7.3.3.2.2. By End User
- 7.3.4. Italy Bio-Succinic Acid Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application
    - 7.3.4.2.2. By End User
- 7.3.5. Spain Bio-Succinic Acid Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application
    - 7.3.5.2.2. By End User

8. Asia Pacific Bio-Succinic Acid Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By End User
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Bio-Succinic Acid Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application
    - 8.3.1.2.2. By End User
- 8.3.2. India Bio-Succinic Acid Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application
    - 8.3.2.2.2. By End User
- 8.3.3. Japan Bio-Succinic Acid Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application
    - 8.3.3.2.2. By End User
- 8.3.4. South Korea Bio-Succinic Acid Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application
    - 8.3.4.2.2. By End User
- 8.3.5. Australia Bio-Succinic Acid Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application
    - 8.3.5.2.2. By End User

9. Middle East & Africa Bio-Succinic Acid Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By End User
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Bio-Succinic Acid Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application
    - 9.3.1.2.2. By End User
- 9.3.2. UAE Bio-Succinic Acid Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application
    - 9.3.2.2.2. By End User
- 9.3.3. South Africa Bio-Succinic Acid Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application
    - 9.3.3.2.2. By End User

10. South America Bio-Succinic Acid Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By End User
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Bio-Succinic Acid Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application
    - 10.3.1.2.2. By End User
- 10.3.2. Colombia Bio-Succinic Acid Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application
    - 10.3.2.2.2. By End User
- 10.3.3. Argentina Bio-Succinic Acid Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application
    - 10.3.3.2.2. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Bio-Succinic Acid Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. BASF SE
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Roquette Freres SA
15.3. Koninklijke DSM N.V.
15.4. BioAmber Inc.
15.5. Myriant Corporation
15.6. Kawasaki Kasei Chemicals Ltd
15.7. Mitsui & Co., Ltd
15.8. Corbion N.V.
15.9. Nippon Shokubai Co., Ltd.
15.10. Mitsubishi Chemical Group Corporation