Succinic Acid Market Size 2026-2030
The succinic acid market size is valued to increase by USD 358.5 million, at a CAGR of 12.1% from 2025 to 2030. Application in various industries will drive the succinic acid market.
Major Market Trends & Insights
- Europe dominated the market and accounted for a 33.5% growth during the forecast period.
- By Type - Petro-based segment was valued at USD 221 million in 2024
- By End-user - Industrial segment accounted for the largest market revenue share in 2024
Market Size & Forecast
- Market Opportunities: USD 528.4 million
- Market Future Opportunities: USD 358.5 million
- CAGR from 2025 to 2030 : 12.1%
Market Summary
- The succinic acid market is at a pivotal juncture, defined by a decisive shift from traditional petrochemical synthesis routes toward advanced bio-based succinate production. This dicarboxylic acid serves as a versatile platform chemical with extensive applications in biodegradable plastic production, pharmaceutical excipient formulation, and food preservation.
- The industry's evolution is propelled by a growing demand for sustainable chemical manufacturing and adherence to green chemistry principles, spurring innovation in fermentation process optimization and metabolic engineering strategies. However, the high capital costs associated with biorefinery process integration and the volatility of renewable feedstock pricing present considerable hurdles.
- For instance, a polymer manufacturer evaluating its supply chain must weigh the benefits of incorporating bio-based intermediates. Adopting bio-succinate enhances product sustainability and aligns with circular economy goals, potentially improving market access, but requires navigating a complex new sourcing landscape with different cost structures and supply certainties compared to established petroleum-based value chains.
- This strategic balance between cost, sustainability, and operational resilience is central to the market's current dynamic.
What will be the Size of the Succinic Acid Market during the forecast period?
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How is the Succinic Acid Market Segmented?
The succinic acid industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.
- Type
- Petro-based
- Bio-based
- End-user
- Industrial
- Coatings
- Pharmaceuticals
- Others
- Application
- Chemical synthesis
- Food and beverages
- Biodegradable plastics
- Cosmetics
- Geography
- Europe
- Germany
- UK
- France
- North America
- US
- Canada
- Mexico
- APAC
- China
- Japan
- India
- South America
- Brazil
- Argentina
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of World (ROW)
- Europe
By Type Insights
The petro-based segment is estimated to witness significant growth during the forecast period.
The petro-based segment has long served as a foundational specialty chemical intermediate, favored for its reliability in industrial processes. However, its market position is now being evaluated against innovations in biomass-to-chemical conversion.
While not directly part of this segment, advancements in metabolic engineering strategies and anaerobic fermentation conditions create competitive pressure.
Petro-based production must innovate to maintain its edge in areas like corrosion inhibitor formulation and as a precursor for active pharmaceutical ingredient synthesis.
Even within this mature segment, process refinements analogous to purification via crystallization can reduce downstream costs by up to 12%.
This efficiency is critical for its continued use in creating eco-friendly plasticizers and serving markets for biodegradable packaging materials and agrochemical intermediate uses.
The Petro-based segment was valued at USD 221 million in 2024 and showed a gradual increase during the forecast period.
Regional Analysis
Europe is estimated to contribute 33.5% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The geographic landscape is defined by regional adoption of green chemistry principles and sustainable manufacturing processes. North America and Europe lead in producing bio-based industrial chemicals for applications like renewable polyurethanes, driven by policies aimed at chemical industry decarbonization.
These regions leverage advanced catalytic conversion technology to create this essential chemical building block. In contrast, APAC’s growth is fueled by demand for its plasticizer additive function and flavor enhancer properties in industrial and consumer goods.
Bioprocess engineering challenges are being addressed globally, with some European facilities improving process efficiency by 18% through innovations in polyurethane component synthesis and esterification reaction process, while also adhering to strict food additive safety standards.
Market Dynamics
Our researchers analyzed the data with 2025 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
- The strategic discourse within the industry increasingly revolves around the comparative analysis of petro-based vs bio-based succinic acid. While traditional methods offer cost advantages, the growing demand for green chemistry intermediates is shifting focus toward the long-term environmental benefits of bio-succinic acid.
- A key factor influencing this transition is the cost-effectiveness of bio-based succinic acid, which is directly tied to innovations in fermentation technology aimed at improving yield in succinic acid fermentation. The market drivers for biodegradable plastics are significant, underscoring the critical succinic acid role in PBS production.
- Simultaneously, its function as a succinic acid as a BDO precursor is vital for its use in coatings and resin formulations and in polyurethane manufacturing. Beyond industrial uses, its diverse applications in the food and beverage industry and its role as a succinic acid as a pharmaceutical excipient highlight its versatility.
- However, challenges in succinic acid purification and the direct impact of feedstock prices on production costs remain significant hurdles. The intricate supply chain for industrial-grade succinic acid must also navigate the evolving regulatory landscape for bio-based chemicals. For example, firms that have optimized their downstream processes report a defect rate that is half that of their competitors.
- This landscape also includes its role in specialty chemical synthesis, its utility for corrosion inhibition, and its growing succinic acid applications in personal care.
What are the key market drivers leading to the rise in the adoption of Succinic Acid Industry?
- The market's growth is primarily driven by the expanding application of succinic acid across a diverse range of industries.
- Growth is fueled by the demand for eco-friendly material solutions and the expansion of the bioplastic value chain. The increased use of renewable feedstock utilization in polybutylene succinate (PBS) synthesis is a primary driver.
- Synthetic biology applications are enabling superior microbial strain development, enhancing the conversion of this citric acid cycle intermediate into valuable bio-based polymer intermediates.
- Improvements in biorefinery process integration and downstream purification techniques have allowed producers to achieve a 15% reduction in energy consumption.
- This commitment to carbon footprint reduction is also accelerating adoption in applications like tetrahydrofuran (THF) production, which utilizes these advanced renewable chemical feedstocks.
What are the market trends shaping the Succinic Acid Industry?
- A significant market trend is the increasing popularity of bio-succinic acid. This is driven by its growing adoption as a sustainable alternative in various applications.
- Market trends are defined by the pivot toward sustainable material development and a shift from petroleum-based alternatives. Advances in dicarboxylic acid chemistry and industrial biotechnology advances are making bio-based succinate production a strong competitor to traditional petrochemical synthesis routes like hydrogenation of maleic anhydride. This is reshaping bio-based chemical economics and driving innovation in fermentation process optimization.
- As a key circular economy chemical, its role in platform chemical applications is expanding, especially as a 1,4-butanediol (BDO) precursor. This focus on green polymer chemistry has enabled some firms to improve process yields by over 12%, validating the commercial potential of sustainable technologies.
What challenges does the Succinic Acid Industry face during its growth?
- Intense competition among a fragmented landscape of vendors presents a significant challenge to market growth and profitability.
- The primary challenge lies in the cost and complexity of scaling up sustainable chemical manufacturing. In the specialty polymers market, achieving consistent performance for high-performance bioplastics remains a hurdle. While its use as a food grade acidity regulator and in pharmaceutical excipient formulation is growing, achieving price parity with incumbent materials is difficult.
- Inconsistencies in feedstock supply can increase production costs by up to 10% quarterly. Applications in coatings and resins chemistry and polyester polyol formulation require stringent quality control, while developing sustainable solvent alternatives for industrial solvent applications presents technical obstacles. These factors impact the broader adoption for biodegradable plastic production and cosmetic ingredient applications.
Exclusive Technavio Analysis on Customer Landscape
The succinic acid market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the succinic acid market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Succinic Acid Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, succinic acid market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alfa Chemical Co. Ltd. - Portfolio emphasizes bio-based chemical platform products, enabling sustainable innovations in food, biochemicals, and industrial materials.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Alfa Chemical Co. Ltd.
- Anhui Chemicals Co. Ltd.
- Aurochemicals
- Central Drug House P. Ltd.
- Corbion N.V.
- EMCO Dyestuff Pvt. Ltd.
- Fengchen Group Co. Ltd.
- Henan GP Chemicals Co. Ltd.
- KUNSHAN ODOWELL CO. LTD.
- Merck KGaA
- NIPPON SHOKUBAI CO. LTD.
- Otto Chemie Pvt. Ltd.
- Qinmu Fine Chemical Co. Ltd.
- Roquette Freres SA
- Spectrum Chemical Mfg. Corp.
- Tokyo Chemical Co. Ltd.
- Vizag Chemical International
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Succinic acid market
- In September 2024, Lygos and CJ BIO entered into a strategic partnership to construct a commercial-scale biorefinery complex dedicated to producing sustainable bio-based chemicals.
- In February 2025, the European Commission's Packaging and Packaging Waste Regulation (PPWR) took effect, establishing stricter mandates for recyclable materials that indirectly boost demand for bio-based intermediates.
- In April 2025, Roquette Freres SA announced the completion of its acquisition of IFF Pharma Solutions, a strategic move to strengthen its market position in high-value pharmaceutical excipients.
- In May 2025, Fengchen Group Co. Ltd. reported a significant year-over-year increase in turnover, attributed to an optimized product portfolio and successful expansion into new global markets.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Succinic Acid Market insights. See full methodology.
| Market Scope | |
|---|---|
| Page number | 288 |
| Base year | 2025 |
| Historic period | 2020-2024 |
| Forecast period | 2026-2030 |
| Growth momentum & CAGR | Accelerate at a CAGR of 12.1% |
| Market growth 2026-2030 | USD 358.5 million |
| Market structure | Fragmented |
| YoY growth 2025-2026(%) | 10.7% |
| Key countries | Germany, UK, France, Italy, Spain, The Netherlands, US, Canada, Mexico, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Argentina, Chile, Saudi Arabia, UAE, South Africa, Israel and Turkey |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The succinic acid market is undergoing a fundamental re-evaluation, driven by advancements in dicarboxylic acid chemistry and the push for sustainability. As a versatile chemical building block, its platform chemical applications span from being a 1,4-butanediol (BDO) precursor to its central role in polybutylene succinate (PBS) synthesis.
- The key market trend—the competitive tension between established petrochemical synthesis routes and emerging bio-based succinate production—directly informs boardroom strategy on capital allocation and risk management. Companies must decide whether to invest in fermentation process optimization and microbial strain development or to continue leveraging the economics of processes like hydrogenation of maleic anhydride.
- This decision is critical, as early adopters of new bio-based polymer intermediates have reported a 25% improvement in supply chain resilience against petrochemical price shocks. This demonstrates a tangible competitive advantage tied to strategic technological choices, impacting everything from raw material sourcing to final product marketing and compliance with green chemistry principles.
What are the Key Data Covered in this Succinic Acid Market Research and Growth Report?
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What is the expected growth of the Succinic Acid Market between 2026 and 2030?
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USD 358.5 million, at a CAGR of 12.1%
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What segmentation does the market report cover?
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The report is segmented by Type (Petro-based, and Bio-based), End-user (Industrial, Coatings, Pharmaceuticals, and Others), Application (Chemical synthesis, Food and beverages, Biodegradable plastics, and Cosmetics) and Geography (Europe, North America, APAC, South America, Middle East and Africa)
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Which regions are analyzed in the report?
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Europe, North America, APAC, South America and Middle East and Africa
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What are the key growth drivers and market challenges?
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Application in various industries, High competition among vendors
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Who are the major players in the Succinic Acid Market?
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Alfa Chemical Co. Ltd., Anhui Chemicals Co. Ltd., Aurochemicals, Central Drug House P. Ltd., Corbion N.V., EMCO Dyestuff Pvt. Ltd., Fengchen Group Co. Ltd., Henan GP Chemicals Co. Ltd., KUNSHAN ODOWELL CO. LTD., Merck KGaA, NIPPON SHOKUBAI CO. LTD., Otto Chemie Pvt. Ltd., Qinmu Fine Chemical Co. Ltd., Roquette Freres SA, Spectrum Chemical Mfg. Corp., Tokyo Chemical Co. Ltd. and Vizag Chemical International
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Market Research Insights
- The market is characterized by dynamic shifts shaped by the principles of a circular economy and sustainable material development. Industrial biotechnology advances are enabling a transition away from petroleum-based alternatives, altering the fundamentals of bio-based chemical economics. This evolution is particularly evident in green polymer chemistry, where firms leveraging synthetic biology applications have reduced their reliance on non-renewable chemical feedstocks.
- For instance, manufacturers adopting optimized biorefinery process integration have reported up to a 20% reduction in energy consumption. Furthermore, by improving purification techniques, some producers have achieved purity levels consistently 5% higher than industry benchmarks, enhancing the material's suitability for high-value applications.
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