Succinic Acid Report Probes the 212 million Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The global succinic acid market, valued at $212 million in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033. This expansion is fueled by increasing demand across diverse sectors. The bio-based segment is anticipated to witness significant growth due to rising consumer preference for sustainable and environmentally friendly alternatives to petro-based succinic acid. Key application areas such as resins, coatings, and pigments, as well as the burgeoning biodegradable plastics (PBS) sector, are major contributors to market growth. Furthermore, the food and beverage industry's adoption of succinic acid as a food additive and flavor enhancer is further driving market expansion. Pharmaceutical applications, including use as a building block for various drugs and intermediates, are also contributing to market demand. The expanding polyester polyols market, which utilizes succinic acid in the production of polyurethane, represents another significant growth driver. While the market faces challenges like price volatility associated with raw material costs and the development of efficient production processes for bio-based succinic acid, the overall market outlook remains positive, driven by the substantial potential of succinic acid across various sectors.

Geographic distribution reveals a strong presence of the succinic acid market in North America and Europe, owing to established manufacturing facilities and a high consumption rate in these regions. However, the Asia-Pacific region, particularly China and India, exhibits remarkable growth potential due to rising industrial activity and increasing demand from diverse applications, resulting in significant market share expansion in the forecast period. Competitive dynamics within the market are shaped by both established players like LCY Biosciences (BioAmber), Succinity GmbH, and Reverdia, as well as emerging regional manufacturers. The presence of both bio-based and petro-based production methods further diversifies the market, offering varied options depending on cost-effectiveness and sustainability priorities. The increasing focus on sustainable production methods will likely further propel the growth of the bio-based succinic acid segment in the coming years.

Succinic Acid Trends

The global succinic acid market is experiencing robust growth, driven by increasing demand across diverse sectors. The study period from 2019 to 2033 reveals a significant upward trajectory, with the estimated market value in 2025 exceeding several hundred million USD. This expansion is primarily attributed to the burgeoning bio-based succinic acid segment, fueled by the growing awareness of environmental sustainability and the inherent biodegradability of this material. The market's expansion is not limited to a single application; rather, it reflects a broader shift towards bio-based alternatives in various industries. While petro-based succinic acid retains a significant market share, the bio-based segment is projected to witness faster growth throughout the forecast period (2025-2033). This is largely due to supportive government policies promoting bio-based materials, coupled with increasing consumer preference for eco-friendly products. Significant investments in research and development are further accelerating the innovation landscape, leading to the development of more cost-effective and efficient bio-based production methods. The overall market is characterized by a complex interplay of factors, including technological advancements, evolving regulations, and the dynamic nature of global supply chains. However, the long-term outlook remains positive, indicating continued market expansion and diversification. The historical period (2019-2024) showed promising growth, setting the stage for even more substantial expansion in the years to come. The detailed analysis of 2019-2024 data reveals a consistent upward trend, strengthening the forecast's reliability.

Driving Forces: What's Propelling the Succinic Acid Market?

Several key factors are driving the expansion of the succinic acid market. The increasing demand for bio-based and biodegradable materials is a primary driver, pushing industries to adopt sustainable alternatives. Succinic acid's versatility as a building block chemical, suitable for a wide array of applications, further strengthens its market position. The growing use of succinic acid in the production of bioplastics, such as polybutylene succinate (PBS), is a notable factor. PBS offers a compelling eco-friendly substitute for traditional petroleum-based plastics, attracting significant interest from environmentally conscious consumers and businesses. The pharmaceutical and food and beverage industries are also contributing to the market's growth, utilizing succinic acid as a flavor enhancer, preservative, and in various pharmaceutical formulations. Government regulations and incentives promoting sustainable chemistry and the bio-economy are providing a favorable environment for the growth of the bio-based succinic acid market. Furthermore, advancements in fermentation technologies are leading to more efficient and cost-effective production processes, making succinic acid a more competitive alternative to petrochemical-derived products.

Challenges and Restraints in the Succinic Acid Market

Despite the promising growth prospects, the succinic acid market faces several challenges. One major hurdle is the relatively high production cost of bio-based succinic acid compared to its petrochemical counterpart. This cost differential can hinder market penetration, particularly in price-sensitive applications. Scaling up bio-based production to meet the growing demand also presents significant challenges, requiring substantial investments in infrastructure and technology. Furthermore, the market is subject to fluctuations in raw material prices and energy costs, impacting the overall profitability of succinic acid production. Competition from existing, well-established petrochemical alternatives also poses a challenge. While the demand for bio-based materials is growing, overcoming ingrained industry practices and consumer preferences for traditional materials requires considerable effort. Ensuring consistent quality and supply chain reliability is also crucial for gaining market acceptance and building customer confidence.

Key Region or Country & Segment to Dominate the Market

The bio-based succinic acid segment is poised to dominate the market in the forecast period. Driven by increasing environmental consciousness and regulatory pressure, the demand for sustainable alternatives is rapidly expanding. This segment is expected to outperform the petro-based segment in terms of growth rate.

Within applications, the polymers and resins segment holds significant potential. The use of succinic acid in creating bio-based polyesters, such as PBS, is a major contributor to this segment's growth. The burgeoning biodegradable plastics industry is a key driver. PBS's application in packaging, films, and various consumer goods will propel demand. The food and beverage sector is also a significant contributor, using succinic acid as a food additive and flavor enhancer. This segment is influenced by the growing trend of clean label products and natural food ingredients.

Geographically, Asia-Pacific is expected to be a key region for market expansion due to rapid economic growth, rising consumer demand, and the increasing focus on sustainable development in countries such as China and India. Strong government support for the bio-economy in these regions further fuels market growth. North America and Europe are also important markets, driven by stringent environmental regulations and increasing awareness of sustainable alternatives.

• Dominant Segments: Bio-based succinic acid, Polybutylene Succinate (PBS) applications, Resins & Coatings, Food and Beverage applications.
• Dominant Regions: Asia-Pacific (China, India), North America, Europe.

Growth Catalysts in the Succinic Acid Industry

The succinic acid industry is experiencing growth catalyzed by several factors. The strong push towards sustainability and bio-based alternatives is a primary driver, supported by favorable government policies and consumer preference for eco-friendly products. Technological advancements in fermentation processes are leading to cost reductions and increased efficiency, making succinic acid a more competitive option. The versatility of succinic acid in numerous applications further stimulates market expansion.

Leading Players in the Succinic Acid Market

• LCY Biosciences (BioAmber)
• Succinity GmbH
• Reverdia
• Technip Energies
• Nippon Shokubai
• Feiyang Chemical
• Sunsing Chemicals
• Jinbaoyu Technology
• Shandong Landian Biological Technology Co., LTD
• Shanghai shenren Fine chemical Co.,ltd.
• Weinan Huifeng
• AH BIOSUS
• HSUKO New Materials

Significant Developments in the Succinic Acid Sector

• 2021: Several companies announced significant investments in expanding bio-based succinic acid production capacity.
• 2022: New applications of succinic acid in the pharmaceutical sector were identified.
• 2023: Several partnerships were formed between succinic acid producers and downstream users to ensure supply chain reliability.

Comprehensive Coverage Succinic Acid Report

This report provides a comprehensive overview of the global succinic acid market, analyzing market trends, driving forces, challenges, and growth opportunities. It offers detailed insights into key segments, including bio-based and petro-based succinic acid, as well as major applications. A detailed competitive landscape analysis includes profiles of key players, along with their market strategies and competitive advantages. The report is a valuable resource for businesses, investors, and researchers seeking to understand the dynamics of this rapidly growing market.

Succinic Acid Segmentation

• 1. Type
  • 1.1. Overview: Global Succinic Acid Consumption Value
  • 1.2. Bio-based
  • 1.3. Petro-based
• 2. Application
  • 2.1. Overview: Global Succinic Acid Consumption Value
  • 2.2. Resins, Coatings and Pigments
  • 2.3. PBS
  • 2.4. Food and Beverage
  • 2.5. Pharmaceuticals
  • 2.6. Polyester Polyols
  • 2.7. Others

Succinic Acid Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific