Global Succinic Acid Market by Type (Petro-Based, Bio-Based), End-Use Industry (Industrial, Coatings, Food & Beverage, Pharmaceutical, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025
Published On: March 2019
 
Report ID:375930
 
Category: Chemicals
 
Pages: N/A




The global succinic acid market is expected to reach USD 218.14 million by 2025, at a CAGR of 5.41% from 2018 to 2025. The key contributing factor for the market growth is growing demand from the Asia Pacific, used as sequestration in the food industry, and demand for renewable chemicals.

Market Overview:

Succinic acid (C4H6O4) is produced from petroleum feedstock or bio based resources. Generally, it is created from maleic anhydride process. It extensively used as an acidifier to enhance the taste of food such as relishes, beverages, and sausages. Also, increasing demand for high-performance elastomers, cement, and coatings applications has increased the use of succinic acid. For instance, in 2016, Anhui Sunsing Chemicals introduced succinic acid-producing method using sucrose-containing feedstock.  Also, in 2015, BioAmber along with Mitsui & Co., Ltd. opened a succinic acid plant in Sarnia with a capacity of 30,000 tons. This plant was aimed to provide the increasing demand for renewable building block chemicals in global markets.  The adoption of various strategies such as partnership, ventures, and collaboration among the companies has increased the demand for succinic acid globally.

Report Description:

  • The base year for the study has been considered 2017, the historic year 2015 and 2016, the forecast period considered is from 2018 to 2025.
  • The report provides the key data of Production (K Tons), Consumption (K Tons), Import & Export (K Tons), Demand, Supply, and Gap Analysis to understand the present and future scenario of the market.
  • The study delivers a comprehensive analysis of the global succinic acid market by type, end-use industry, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used to recognize the competitive scenario in the global succinic acid market. This report incorporates the industry analysis which is focused on providing an extensive view of the succinic acid market.
  • The study also includes attractiveness analysis of type, end-use industry, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the succinic acid market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Growing demand from the Asia Pacific
  • Used as sequestration in the food industry
  • Demand for renewable chemicals

Restraints:

  • High production costs
  • Lengthy extraction process

Opportunities:

  • Demand for succinic acid in the production of medicines
  • Government initiatives in the developed regions such as North America and Europe

Challenges:

  • Concerns in the commercialization of bio-based succinic acid
  • Sluggish growth of the bio-based succinic acid market

Global Succinic Acid Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The succinic acid market is segmented by type and end-use industry.

  • Type segment covers petro-based and bio-based. The petro-based segment dominated the global succinic acid market with USD 72.10 million in 2017 due to the cost-effectiveness and high efficiency compared to bio-based succinic acid. Petro-based succinic acid used in the production of polymers, plasticizers, coating, and urethanes. Currently, petro-based succinic acid used is frequently used globally as they have better heat resistance and processability than other biopolymers.
  • End-use industry segment is categorized into industrial, coatings, food & beverage, pharmaceutical, and others. Food & beverage segment is anticipated to grow with the highest CAGR 7.01% during the forecast period owing to demand a bio-based chemical and growing per-capita income.  In food packaging, the succinic acid market used in PBS/PBST, increasing medical tourism, and increased government spending for food & beverage has increased the market size of the food & beverage segment.

Regional Segmentation Analysis:

The market is analyzed by five regions namely North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific region held the largest market share of approximately 36.41% in 2017 whereas the North America region held the second dominant position in the global succinic acid market

  • The Asia Pacific is fastest growing region due to the increasing growth of the pharmaceutical, industrial, food & beverage, and coating industries, growing per capita expenditure, and increasing urbanization are creating an opportunity for the growth of the market.
  • The increasing use of bio-based succinic acid for the manufacture of polyurethanes and development of cost-effective manufacturing techniques are some of the factors that led to the growth of the succinic acid market in the North America region.

Global Succinic Acid Market Competitive Analysis:

Key players in the succinic acid market are Nippon Shokubai, Gadiv Petrochemical Industries Limited, Succinity, Gc Innovation America, Nippon Shokubai, Mitsubishi Chemical Holdings, Linyi Lixing Chemical Co., Ltd., Anhui Sunsing Chemicals, Kawasaki Kasei Chemicals, Reverdia, Shandong Lixing Chemical, Anqing Hexing Chemical, Purac, BioAmber, BASF SA, Myriant, and Novomer.  The BioAmber, Nippon Shokubai, Kawasaki Kasei Chemicals, Reverdia, and GC Innovation America are the top leading players of the market. For instance, in 2016, Reverdia agreed with Dezhou Xinhuarun Technology to develop and promote Biosuccinium-based microcellular polyurethane foams. These foams can be used in soles for footwear and other applications.

This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global Succinic Acid market by below-mentioned segments:

Global Succinic Acid Market, By Type:

  • Petro-Based
  • Bio-Based

Global Succinic Acid Market, By End-Use Industry:

  • Industrial
  • Coatings
  • Food & Beverage
  • Pharmaceutical
  • Others

Global Succinic Acid Market, By Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of The Middle East and Africa

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1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market Attractiveness Analysis By Type
        4.3.2. Market Attractiveness Analysis By End-Use Industry
        4.3.3. Market Attractiveness Analysis By Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Growing Demand From Asia Pacific
        5.2.2. Used As A Sequestration In Food Industry
        5.2.3. Demand For Renewable Chemicals
   5.3. Restraints
        5.3.1. High Production Costs
        5.3.2. Lengthy Extraction Process
   5.4. Opportunities
        5.4.1. Demand For Succinic Acid In The Production Of Medicines
        5.4.2. Government Initiatives In The Developed Regions Such As North America And Europe
   5.5. Challenges
        5.5.1. Concerns in commercialization of bio-based succinic acid
        5.5.2. Sluggish growth of the bio-based succinic acid market

6. Global Succinic Acid Market Analysis and Forecast, By Type
   6.1. Segment Overview
   6.2. Petro-Based
   6.3. Bio-Based

7. Global Succinic Acid Market Analysis and Forecast, By End-Use Industry
   7.1. Segment Overview
   7.2. Industrial
   7.3. Coatings
   7.4. Food & Beverage
   7.5. Pharmaceutical
   7.6. Others

8. Global Succinic Acid Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Succinic Acid Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Succinic Acid Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. Nippon Shokubai
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. Gadiv Petrochemical Industries Limited
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. Succinity
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Gc Innovation America
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. Nippon Shokubai
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. Mitsubishi Chemical Holdings
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Linyi Lixing Chemical Co., Ltd.
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. Anhui Sunsing Chemicals
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Kawasaki Kasei Chemicals
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Reverdia
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. Shandong Lixing Chemical
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. Anqing Hexing Chemical, Purac
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Product Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. BioAmber
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Product Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. BASF SA
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Product Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Myriant
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Product Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis
   10.16. Novomer
        10.16.1. Business Overview
        10.16.2. Company Snapshot
        10.16.3. Company Market Share Analysis
        10.16.4. Company Product Portfolio
        10.16.5. Recent Developments
        10.16.6. SWOT Analysis


List of Table
1. Global Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons)
2. Global Petro-Based Succinic Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
3. Global Bio-Based Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
4. Global Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons)
5. Global Industrial Succinic Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
6. Global Coatings Succinic Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
7. Global Food & Beverage Succinic Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
8. Global Pharmaceutical Succinic Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
9. Global Succinic Acid Market, By Region, 2015–2025 (USD Million) (K Tons)
10. Global Succinic Acid Market, By North America, 2015–2025 (USD Million) (K Tons) 
11. North America Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
12. North America Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
13. U.S. Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
14. U.S. Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
15. Canada Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
16. Canada Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons)
17. Mexico Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
18. Mexico Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
19. Europe Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
20. Europe Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
21. Germany Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
22. Germany Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
23. France Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
24. France Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
25. Sweden Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
26. Sweden Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
27. Netherlands Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
28. Netherlands Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
29. U.K. Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
30. U.K. Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
31. Italy Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
32. Italy Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
33. Spain Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
34. Spain Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
35. Turkey Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
36. Turkey Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
37. Switzerland Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
38. Switzerland Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
39. Belgium Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
40. Belgium Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
41. Asia Pacific Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
42. Asia Pacific Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
43. Japan Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
44. Japan Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
45. China Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
46. China Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
47. India Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
48. India Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
49. South Korea Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
50. South Korea Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
51. Australia Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
52. Australia Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
53. Singapore Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
54. Singapore Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
55. Malaysia Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
56. Malaysia Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
57. Thailand Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
58. Thailand Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
59. Indonesia Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
60. Indonesia Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
61. Philippines Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
62. Philippines Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
63. South America Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
64. South America Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
65. Brazil Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
66. Brazil Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
67. Argentina Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
68. Argentina Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
69. Colombia Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
70. Colombia Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
71. Middle East and Africa Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
72. Middle East and Africa Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
73. Saudi Arabia Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
74. Saudi Arabia Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
75. UAE Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
76. UAE Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
77. Egypt Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
78. Egypt Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
79. Nigeria Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
80. Nigeria Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 
81. South Africa Succinic Acid Market, By Type, 2015–2025 (USD Million) (K Tons) 
82. South Africa Succinic Acid Market, By End-Use Industry, 2015–2025 (USD Million) (K Tons) 

List of Figures 
1. Global Succinic Acid Market Segmentation
2. Succinic Acid Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis 
7. Value Chain Analysis 
8. Global Succinic Acid Market Attractiveness Analysis By Type
9. Global Succinic Acid Market Attractiveness Analysis By End-Use Industry
10. Global Succinic Acid Market Attractiveness Analysis By Region
11. Global Succinic Acid Machine Market: Dynamics
12. Global Succinic Acid Machine Market Share By Type (2017 & 2025)
13. Global Succinic Acid Machine Market Share By End-Use Industry (2017 & 2025)
14. Global Succinic Acid Machine Market Share By Region (2017 & 2025)
15. Global Succinic Acid Machine Market Share By Company (2018)



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