Succinic Acid Market

Succinic Acid Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The succinic acid market is expected grow at a CAGR of 7.3% between 2023 to 2032.

The succinic acid market was estimated to be US$ 271.78 Million in 2022.

The global succinic acid market is witnessing growth due to rising emphasis on sustainability and bio-based products and the demand from various industries such as chemicals, packaging, pharmaceuticals, food and beverages, and personal care.

The largest production process for succinic acid is the petrochemical-based. Petrochemical processes have been used for succinic acid production for a longer period of time and have been well-developed and optimized.

North America is a prominent region in the global succinic acid market. The region has a well-established chemical industry and is characterized by robust manufacturing capabilities.

Anhui Sunsing Chemicals Co., Ltd., Anqing Hexing Chemical Co., Ltd., BASF SE, BioAmber Inc., DSM N.V., Gadiv Petrochemical Industries Ltd., Kawasaki Kasei Chemicals Ltd., Linyi Lixing Chemical Co., Ltd., Mitsubishi Chemical Corporation, Myriant Corporation, Nippon Shokubai Co., Ltd., Qingdao Kehai Biochemistry Co., Ltd., Reverdia, Roquette Frères, Succinity GmbH and many more are leading players in this market.