HOME Top Market Reports Succinic Acid Market by Type (Bio-based, Petro-based), Application (Polyurethane, Resins, Coatings & Pigments, Pharmaceuticals, Plasticizers, Food & Beverage, PBS/PBST, Solvents & Lubricants, De-Icer Solutions, Personal Care, and Others), and by Region - Global Forecast to 2021

Succinic Acid Market by Type (Bio-based, Petro-based), Application (Polyurethane, Resins, Coatings & Pigments, Pharmaceuticals, Plasticizers, Food & Beverage, PBS/PBST, Solvents & Lubricants, De-Icer Solutions, Personal Care, and Others), and by Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: CH 2917

 

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The market size of succinic acid was USD 157.2 Million in 2015, and is projected to register a CAGR of 28.0% between 2016 and 2021. The market size was 58.5 Kilotons in 2015, and is projected to register a CAGR of 27.2% during the forecast period. In this study, 2015 has been considered as the base year and 2021 as the forecast year for estimating market size of succinic acid between 2016 and 2021.

The objectives of the study are:

  • To define and segment the market of global succinic acid by type, application, and region
  • To estimate and forecast the succinic acid market, by type, and application at country-level in different regions, namely, North America, Asia-Pacific, Western Europe, Central & Eastern Europe, Latin America, and Middle East & Africa
  • To estimate and forecast the market size of succinic acid, in terms of value (USD million), and volume (kilotons), at global and regional-levels
  • To estimate and forecast the market of succinic acid, in terms of value (USD million), and volume (tons), at country-level
  • To identify and analyze the key growth drivers, restraints, opportunities, and challenges influencing the succinic acid market
  •  To analyze recent market developments and competitive strategies, such expansion, product launch/development, partnership, joint venture, agreement/collaboration, and merger & acquisition to draw the competitive landscape in the succinic acid market
  • To strategically identify and profile the key market players and analyze their core competencies in each type and application of the succinic acid market

Different secondary sources such as company websites, encyclopedia, directories, and database have been used to identify and collect information useful for this extensive commercial study of the global succinic acid market. The primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess the future prospects of the market.  The top-down approach has been implemented to validate the market size in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

Succinic Acid Market

To know about the assumptions considered for the study, download the pdf brochure

The succinic acid market has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and downstream stakeholders such as manufacturers, vendors, end users, and government organizations. BioAmber (Canada) is a manufacturer and a major supplier of bio-based succinic acid to Mitsubishi Chemical Holdings Corporation (Tokyo), Oleon (France), and others for using in applications such as polyurethane, lubricants, plasticizers, personal care, food & beverage, resins, coatings & pigments, and pharmaceuticals.

This study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments. These stakeholders include succinic acid manufacturers such as BioAmber (Canada), Myriant (U.S.), Succinity (Germany), Reverdia (Netherlands), Nippon Shokubai (Japan), Mitsubishi Chemical Holdings (Tokyo), Kawasaki Kasei Chemicals Ltd. (Japan), Linyi Lixing Chemical Co., Ltd. (China), Anhui Sunsing Chemicals (China), and Gadiv Petrochemical Industries Ltd. (Israel).

Scope of the Report:

This research report categorizes the succinic acid market based on type, application, and region, and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Type:

  • Bio-based
  • Petro-based
  • Each type is further described in detail in the report with value forecasts until 2021

On the Basis of Application:

  • Polyurethanes
  • Resins, pigments & coatings
  • Pharmaceuticals
  • PBS/PBST
  • Food & Beverage
  • Plasticizers
  • Personal Care
  • Solvents & Lubricants
  • De-icer Solutions
  •  Others

Each application segment is further described in detail in the report with value forecasts until 2021.

On the Basis of Region:

  • Western Europe
  • Central & Eastern Europe
  • North America
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  • Others

Each region is further segmented by key countries such as the U.S., Mexico, Canada, China, Japan, South Korea, India, Malaysia, Thailand, Indonesia, Germany, the U.K., Italy, France, the Netherlands, Spain, Turkey, Russia, the Middle East & Africa, Argentina, and Brazil.

Available Customizations: The following customization options are available in the report:

  1. Company Information

Analysis and profiling of additional global as well as regional market players (Up to three)

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in Succinic Acid Market
    4.2 Succinic Acid Market, By Region (2016-2021)
    4.3 Succinic Acid Market in Western Europe, 2015
    4.4 Succinic Acid Market, By Type (2016-2021)
    4.5 Succinic Acid Market: Emerging vs. Mature Markets
    4.6 Fastest-Growing Markets, By Application
    4.7 Life Cycle Analysis By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Growing Shift Toward Bio-Based Renewable Substitutes
                     5.3.1.2 Increasing Demand From the Asia-Pacific Region
                     5.3.1.3 Environmental Sustainability
                     5.3.1.4 Increasing Adoption of Succinic Acid as A Substitute of Adipic Acid in Polyurethane Production
           5.3.2 Restraints
                     5.3.2.1 Volatility in Raw Material Prices
                     5.3.2.2 High R&D Cost
           5.3.3 Opportunities
                     5.3.3.1 Rising Joint Venture and Cross-Industry Collaboration Activities
                     5.3.3.2 Replacement for Butane-Based Maleic Anhydride
                     5.3.3.3 Improved Bio-Refining Process
           5.3.4 Challenges
                     5.3.4.1 Challenges for Commercialization

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Supply Chain Analysis
           6.2.1 Raw Material Analysis
                     6.2.1.1 N-Butane
                     6.2.1.2 Maleic Anhydride
                     6.2.1.3 Maize
                     6.2.1.4 Wheat
                     6.2.1.5 Sugarcane
                     6.2.1.6 Tapioca (Cassava)
           6.2.2 Manufacturers
           6.2.3 Distribution Channel
           6.2.4 End Users
    6.3 Price Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.2 Bargaining Power of Buyers
           6.4.3 Threat of Substitutes
           6.4.5 Intensity of Rivalry
    6.5 Patent Analysis

7 Succinic Acid Market, By Type (Page No. - 65)
    7.1 Introduction
    7.2 Petro-Based Succinic Acid
    7.3 Bio-Based Succinic Acid

8 Succinic Acid Market, By Application (Page No. - 71)
    8.1 Introduction
    8.2 Resins, Coatings & Pigments
    8.3 Pharmaceuticals
    8.4 Food & Beverage
    8.5 Polyurethane
    8.6 PBS/PBST
    8.7 Personal Care
    8.8 Plasticizers
    8.9 De-Icer Solutions
    8.10 Solvents & Lubricants
    8.11 Others

9 Succinic Acid Market, By Region (Page No. - 92)
    9.1 Introduction
    9.2 Western Europe
           9.2.1 Germany
           9.2.2 France
           9.2.3 Italy
           9.2.4 U.K.
           9.2.5 Netherlands
           9.2.6 Spain
           9.2.7 Others
           9.3.1 Turkey
           9.3.2 Russia
           9.3.3 Others
    9.4 North America
           9.4.1 U.S.
           9.4.2 Mexico
           9.4.3 Canada
    9.5 Asia-Pacific
           9.5.1 China
           9.5.2 Japan
           9.5.3 South Korea
           9.5.4 India
           9.5.5 Malaysia
           9.5.6 Thailand
           9.5.7 Indonesia
           9.5.8 Others
    9.6 Latin America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Others
    9.7 Middle East & Africa
           9.7.1 Saudi Arabia
           9.7.2 UAE
           9.7.3 Others

10 Competitive Landscape (Page No. - 168)
     10.1 Introduction
     10.2 Agreement/Collaboration: the Most Popular Growth Strategy
     10.3 Competitive Situations and Trends
               10.3.1 Agreement/Collaboration
               10.3.2 Joint Venture
               10.3.3 Expansion
               10.3.4 New Product Launch/Development
               10.3.5 Merger & Acquisition
               10.3.6 Partnership
     10.4 Global Production Capacity of Bio-Based Succinic Acid

11 Company Profiles (Page No. - 180)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Bioamber
     11.2 Myriant Corporation
     11.3 Kawasaki Kasei Chemicals Ltd.
     11.4 Linyi Lixing Chemical Co., Ltd.
     11.5 Anhui Sunsing Chemicals Co., Ltd.
     11.6 Mitsubishi Chemical Holdings Corporation
     11.7 Succinity
     11.8 Nippon Shokubai Co. Ltd
     11.9 Gadiv Petrochemical Industries Ltd.
     11.10 Reverdia
     11.11 Additional Company Profiles
               11.11.1 Astatech (Chengdu) Biopharmaceutical Corp.
               11.11.2 R-Biopharm Ag
               11.11.3 Evonik Industries
               11.11.4 Thyssenkrupp
               11.11.5 Natureworks LLC
               11.11.6 Sigma-Aldrich
               11.11.7 Sinopec Yangzi Petrochemical
               11.11.8 New Japan Chemical Co., Ltd.
               11.11.9 TCI Chemicals (India) Pvt Ltd.
               11.11.10 Grauer & Weil (I) Ltd.
               11.11.11 Maanvi Chemicals & Fertilizers
               11.11.12 Spectrum Chemical Mfg. Corp.
               11.11.13 Anqing Hexing Chemical Co. Ltd.
               11.11.14 Thirumalai Chemicals Limited
               11.11.15 SRS Pharmaceuticals Pvt Ltd.
               11.11.16 SS Pharmachem
               11.11.17 DC Chemical Co., Ltd.
               11.11.18 DPX Fine Chemicals
               11.11.19 Johnson Matthey Davy Technologies
               11.11.20 Shandong Chemical Co., Ltd.
               11.11.21 Yantai Shanshui Chemical Technology Co., Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 202)
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (191 Tables)

Table 1 Succinic Acid Market, By Type
Table 2 Succinic Acid Market, By Application
Table 3 N-Butane Bulk Prices, 2015 (USD/Ton)
Table 4 Maleic Anhydride: Bulk Prices, 2014–2021 (USD/Metric Ton)
Table 5 Maize Price Trends (USD/Metric Ton), 2014–2016
Table 6 Wheat Price Trends (USD/Ton), 2014–2016
Table 7 Sugarcane Production (Million Tons) & Price Trends (USD/Ton),2014–2021
Table 8 Tapioca (Cassava) Production (Million Tons) & Price Trends (USD/Metric Ton), 2014–2021
Table 9 Petro-Based Production Process of Succinic Acid
Table 10 Bio-Based Production Process of Succinic Acid
Table 11 Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 12 Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 13 Petro-Based Succinic Acid Market Size, By Region,2014–2021 (USD Million)
Table 14 Petro-Based Succinic Acid Market Size, By Region, 2014–2021 (Kiloton)
Table 15 Bio-Based Succinic Acid Market Size, By Region, 2014–2021 (USD Million)
Table 16 Bio-Based Succinic Acid Market Size, By Region, 2014–2021 (Kiloton)
Table 17 Succinic Acid Market Size, By Application, 2014–2021 (USD Million)
Table 18 Succinic Acid Market Size, By Application, 2014–2021 (Kiloton)
Table 19 Succinic Acid Market Size in Resins, Coatings, and Pigments Application, By Region, 2014–2021 (USD Million)
Table 20 Succinic Acid Market Size in Resins, Coatings, and Pigments Application, By Region, 2014–2021 (Kiloton)
Table 21 Pharmaceuticals Market Size in Furniture Application, By Region, 2014–2021 (USD Million)
Table 22 Pharmaceuticals Market Size in Furniture Application, By Region, 2014–2021 (Kiloton)
Table 23 Succinic Acid Market Size in Food & Beverage Application, By Region, 2014–2021 (USD Million)
Table 24 Succinic Acid Market Size in Food & Beverage Application, By Region, 2014–2021 (Kiloton)
Table 25 Succinic Acid Market Size in Polyurethane Application, By Region,2014–2021 (USD Million)
Table 26 Succinic Acid Market Size in Polyurethane Application, By Region,2014–2021 (Kiloton)
Table 27 Succinic Acid Market Size in PBS/PBST Application, By Region,2014–2021 (USD Million)
Table 28 Succinic Acid Market Size in PBS/PBST Application, By Region,2014–2021 (Kiloton)
Table 29 Succinic Acid Market Size in Personal Care Application, By Region, 2014–2021 (USD Million)
Table 30 Succinic Acid Market Size in Personal Care Application, By Region, 2014–2021 (Kiloton)
Table 31 Succinic Acid Market Size in Plasticizers Application, By Region,2014–2021 (USD Million)
Table 32 Succinic Acid Market Size in Plasticizers Application, By Region,2014–2021 (Kiloton)
Table 33 Succinic Acid Market Size in De-Icer Solutions Application, By Region, 2014–2021 (USD Million)
Table 34 Succinic Acid Market Size in De-Icer Solutions Application, By Region, 2014–2021 (Kiloton)
Table 35 Succinic Acid Market Size in Solvents & Lubricants Application, By Region, 2014–2021 (USD Million)
Table 36 Succinic Acid Market Size in Solvents & Lubricants Application, By Region, 2014–2021 (Kiloton)
Table 37 Succinic Acid Market Size in Other Applications, By Region,2014–2021 (USD Million)
Table 38 Succinic Acid Market Size in Other Applications, By Region,2014–2021 (Kiloton)
Table 39 Succinic Acid Market Size, By Region, 2014–2021 (USD Million)
Table 40 Succinic Acid Market Size, By Region, 2014–2021 (Kiloton)
Table 41 Western Europe: Succinic Acid Market Size, By Country,2014–2021 (USD Million)
Table 42 Western Europe: Succinic Acid Market Size, By Country,2014–2021 (Kiloton)
Table 43 Western Europe: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 44 Western Europe: Succinic Acid Market Size, By Type,2014–2020 (Kiloton)
Table 45 Western Europe: Succinic Acid Market Size, By Application,2014–2021 (USD Million)
Table 46 Western Europe: Succinic Acid Market Size, By Application,2014–2021 (Kiloton)
Table 47 Germany: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 48 Germany: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 49 Germany: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 50 Germany: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 51 France: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 52 France: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 53 France: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 54 France: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 55 Italy: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 56 Italy: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 57 Italy: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 58 Italy: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 59 U.K.: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 60 U.K.: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 61 U.K.: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 62 U.K.: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 63 Netherlands: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 64 Netherlands: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 65 Netherlands: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 66 Netherlands: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 67 Spain: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 68 Spain: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 69 Spain: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 70 Spain: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 71 Others: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 72 Others: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 73 Others: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 74 Others: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 75 Central & Eastern Europe: Succinic Acid Market Size, By Country,2014–2021 (USD Million)
Table 76 Central & Eastern Europe: Succinic Acid Market Size, By Country,2014–2021 (Kiloton)
Table 77 Central & Eastern Europe: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 78 Central & Eastern Europe: Succinic Acid Market Size, By Type,2014–2021 (Kiloton)
Table 79 Central & Eastern Europe: Succinic Acid Market Size, By Application, 2014–2021 (USD Thousand)
Table 80 Central & Eastern Europe: Succinic Acid Market Size, By Application, 2014–2021 (Kiloton)
Table 81 Turkey: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 82 Turkey: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 83 Turkey: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 84 Turkey: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 85 Russia: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 86 Russia: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 87 Russia: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 88 Russia: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 89 Others: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 90 Others: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 91 Others: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 92 Others: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 93 North America: Succinic Acid Market Size, By Country,2014–2021 (USD Million)
Table 94 North America: Succinic Acid Market Size, By Country,2014–2021 (Kiloton)
Table 95 North America: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 96 North America: Succinic Acid Market Size, By Type, 2014–2020 (Kiloton)
Table 97 North America: Succinic Acid Market Size, By Application,2014–2021 (USD Million)
Table 98 North America: Succinic Acid Market Size, By Application,2014–2021 (Kiloton)
Table 99 U.S.: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 100 U.S.: Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 101 U.S.: Succinic Acid Market Size, By Application, 2014–2021 (USD Million)
Table 102 U.S.: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 103 Mexico.: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 104 Mexico: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 105 Mexico: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 106 Mexico: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 107 Canada: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 108 Canada: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 109 Canada: Succinic Acid Market Size, By Application,2014-2021 (USD Thousand)
Table 110 Canada: Succinic Acid Market Size, By Application, 2014–2021 (Kiloton)
Table 111 Asia-Pacific: Succinic Acid Market Size, By Country,2014–2021 (USD Million)
Table 112 Asia-Pacific: Succinic Acid Market Size, By Country, 2014–2021 (Kiloton)
Table 113 Asia-Pacific: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 114 Asia-Pacific: Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 115 Asia-Pacific: Succinic Acid Market Size, By Application,2014–2021 (USD Million)
Table 116 Asia-Pacific: Succinic Acid Market Size, By Application,2014–2021 (Kiloton)
Table 117 China: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 118 China: Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 119 China: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 120 China: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 121 Japan: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 122 Japan: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 123 Japan: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 124 Japan: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 125 South Korea: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 126 South Korea: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 127 South Korea: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 128 South Korea: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 129 India: Succinic Acid Market Size, By Type, 2014–2021 (USD Thousand)
Table 130 India: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 131 India: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 132 India: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 133 Malaysia: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 134 Malaysia: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 135 Malaysia: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 136 Malaysia: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 137 Thailand: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 138 Thailand: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 139 Thailand: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 140 Thailand: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 141 Indonesia: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 142 Indonesia: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 143 Indonesia: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 144 Indonesia: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 145 Others: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 146 Others: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 147 Others in Asia-Pacific: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 148 Others in Asia-Pacific: Succinic Acid Market Size, By Application,2014–2021 (Ton)
Table 149 Latin America: Succinic Acid Market Size, By Country,2014–2021 (USD Million)
Table 150 Latin America: Succinic Acid Market Size, By Country,2014–2021 (Kiloton)
Table 151 Latin America: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 152 Latin America: Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 153 Latin America: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 154 Latin America: Succinic Acid Market Size, By Application,2014–2021 (Kiloton)
Table 155 Brazil: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 156 Brazil: Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 157 Brazil: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 158 Brazil: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 159 Argentina: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 160 Argentina: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 161 Argentina: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 162 Argentina: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 163 Others: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 164 Others: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 165 Others: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 166 Others: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 167 Middle East & Africa: Succinic Acid Market Size, By Country,2014–2021 (USD Million)
Table 168 Middle East & Africa: Succinic Acid Market Size, By Country,2014–2021 (Kiloton)
Table 169 Middle East & Africa: Succinic Acid Market Size, By Type,2014–2021 (USD Million)
Table 170 Middle East & Africa: Succinic Acid Market Size, By Type,2014–2020 (Kiloton)
Table 171 Middle East & Africa: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 172 Middle East & Africa: Succinic Acid Market Size, By Application,2014–2021 (Ton)
Table 173 Saudi Arabia: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 174 Saudi Arabia: Succinic Acid Market Size, By Type, 2014–2021 (Kiloton)
Table 175 Saudi Arabia: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 176 Saudi Arabia: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 177 UAE: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 178 UAE: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 179 UAE: Succinic Acid Market Size, By Application,2014–2021 (USD Thousand)
Table 180 UAE: Succinic Acid Market Size, By Application, 2014–2021 (Ton)
Table 181 Others: Succinic Acid Market Size, By Type, 2014–2021 (USD Million)
Table 182 Others: Succinic Acid Market Size, By Type, 2014–2021 (Ton)
Table 183 Others: Succinic Acid Market Size, By Application,2014-2021 (USD Thousand)
Table 184 Others: Succinic Acid Market Size, By Application, 2014–2021 (Kiloton)
Table 185 Agreement/Collaboration, 2012-2016
Table 186 Joint Venture, 2012-2016
Table 187 Expansion, 2012-2016
Table 188 New Product Launch/Development 2012-2016
Table 189 Merger & Acquisition, 2012-2016
Table 190 Partnership, 2012-2016
Table 191 Companies Producing Bio-Succinic Acid and Their Respective Production Capacities (Metric Ton Per Annum)
 
 
List of Figures (57 Figures)
 
Figure 1 Succinic Acid Market Segmentation
Figure 2 Succinic Acid Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Data Triangulation Methodology
Figure 6 Bio-Based Dominated Succinic Acid Market in 2015
Figure 7 Polyurethanes to Dominate Succinic Acid Market, Between2016 and 2021
Figure 8 Succinic Acid Market in Asia-Pacific to Register the Fastest Growth During Forecast Period
Figure 9 Western Europe Was Largest Market of Succinic Acid in 2015
Figure 10 Succinic Acid Market Size, 2016-2021 (USD Million)
Figure 11 Asia-Pacific to Be Fastest-Growing Region During Forecast Period
Figure 12 Germany Accounted for Largest Share in Western Europe Succinic Acid Market
Figure 13 Bio-Based to Have Largest Contribution in Growth of Succinic Acid Market Between 2016 and 2021
Figure 14 U.S. to Emerge as Most Lucrative Market Between 2016 and 2021
Figure 15 Succinic Acid has High Potential for Growth in the Fastest-Growing Economies
Figure 16 High Growth Potential in Asia-Pacific for Succinic Acid, 2016-2021
Figure 17 Growing Shift Towards Bio-Based Renewable Substitute Drives the Growth of Succinic Acid Market
Figure 18 Raw Material Suppliers and Manufacturers Add Major Value to the Succinic Acid Supply Chain
Figure 19 Bio-Based Succinic Acid Prices to Decline During the Forecast Period
Figure 20 Western Europe Succinic Acid Prices Projected to Remain Stagnant
Figure 21 Porter’s Five Forces Analysis
Figure 22 Europe Accounts for the Largest Number of Patents for Succinic Acid
Figure 23 Pyruvic Acid: the Most Preferred Raw Material in the Succinic Acid Market
Figure 24 Crystallization Process: Most Preferred Process Used to Produce Bio-Based Succinic Acid in the Global Market
Figure 25 Bio-Based Type Accounts for the Largest Patents Share in the Global Succinic Acid Market
Figure 26 Pharmaceutical and Personal Care Account for Large Shares in the Succinic Acid Application Market
Figure 27 Bio-Based to Drive the Succinic Acid Type Market, 2016 vs. 2021
Figure 28 Western Europe: the Largest Market for Succinic Acid
Figure 29 Asia-Pacific: the Fastest-Growing Market for Bio-Based Succinic Acid
Figure 30 Polyurethane to Drive the Succinic Acid Market
Figure 31 Western Europe: the Largest Market for Succinic Acid in Resins, Coatings, and Pigments Application
Figure 32 Asia-Pacific: the Fastest-Growing Market for Succinic Acid in the Pharmaceuticals Application
Figure 33 Middle East & Africa: the Fastest-Growing Market for Succinic Acid in the Food & Beverage Application
Figure 34 Western Europe: the Largest Market for Succinic Acid in the Polyurethane Application
Figure 35 Asia-Pacific: the Fastest-Growing Market for Succinic Acid in PBS/PBST Application
Figure 36 Western Europe: the Largest Market for Succinic Acid in the Personal Care Application
Figure 37 North America: the Largest Market for Succinic Acid in the Plasticizers Application
Figure 38 North America: the Second-Largest Market for Succinic Acid in De-Icer Solutions Application
Figure 39 North America: the Second-Largest Market for Succinic Acid in the Solvents & Lubricants Application
Figure 40 Rapidly Growing Markets are Emerging as New Strategic Locations
Figure 41 Succinic Acid Market in Europe Snapshot: Germany Was A Lucrative Market for Succinic Acid in 2014
Figure 42 Central & Eastern European Market Snapshot: Turkey Was A Lucrative Market for Succinic Acid in 2015
Figure 43 Succinic Acid Market in North America Snapshot: U.S. Was A Lucrative Market for Succinic Acid in 2015
Figure 44 Asia-Pacific Market Snapshot: China Was A Lucrative Market for Succinic Acid in 2015
Figure 45 Latin America Market Snapshot: Brazil Was A Lucrative Market for Succinic Acid in 2015
Figure 46 Succinic Acid Market in the Middle East & Africa
Figure 47 Market Share Analysis, 2015
Figure 48 Companies Primarily Adopted Inorganic Growth Strategies (2012-2016)
Figure 49 Agreement/Collaboration, the Most Popular Strategy Adopted Between 2012 and 2016
Figure 50 Bioamber: Company Snapshot
Figure 51 Bioamber: SWOT Analysis
Figure 52 Myriant Corporation: SWOT Analysis
Figure 53 Mitsubishi Chemical Holdings Corporation: Company Snapshot
Figure 54 Mitsubishi Chemical Holdings Corporation: SWOT Analysis
Figure 55 Nippon Shokubai Co. Ltd.: Company Snapshot
Figure 56 Nippon Shokubai Co. Ltd.: SWOT Analysis
Figure 57 Reverdia: SWOT Analysis

The market size of succinic acid is projected to reach USD 701.0 Million by 2021, at a CAGR of 28.0%. It is projected to reach 251.3 kilotons by 2021, at a CAGR of 27.2% between 2016 and 2021. The growing manufacturing industries, increasing demand for bio-based succinic acid in Western Europe, increasing demand for polyurethane in North America, and continuous agreement/collaboration, joint venture, expansion, and merger & acquisition, activities undertaken by companies are the key factors driving the global succinic acid market.

Bio-based are projected to register the fastest growth in comparison to petro-based succinic acid in the global succinic acid market. The demand for bio-based succinic acid is mainly driven by its ability to reduce carbon footprint by reducing greenhouse gas emissions and lowering energy consumption. Thus, bio-based succinic acid is used in various applications, such as high-performance PBS/PBST, polyurethanes, polymers, construction, and packaging, among others.

PBS/PBST is the fastest-growing application segment in the global succinic acid market. Bio-based is a highly preferred type of succinic acid in the PBS/PBST sector. The increasing demand for non-degradable and non-toxic plastic packaging components from PET bottles and plastic containers has fueled the growth of bio-based succinic acid in the PBS/PBST application market.

Western Europe was the largest market for succinic acid, in terms of value and volume, in 2015. Rising investments by foreign companies; growing production facilities; strong industrial base for construction, packaging, and automotive sectors; and rise in standard of living are the major factors contributing to the growth of the succinic acid market in this region. The growing demand for low volatile and eco-friendly bio-based materials in automotive coatings, packaging, furniture, and pharmaceuticals have led to the growth of succinic acid in this region.

Succinic Acid Market

Although the succinic acid market is gaining importance rapidly, few factors restraint the growth of bio-based succinic acid in the global bio-chemicals market. The volatility in succinic acid raw material prices, stringent competition among regional players, capital-intensiveness are the major restraints toward the growth in production and commercialization of succinic acid.

The companies such as BioAmber (Canada), Myriant (U.S.), Succinity GmbH (Germany), Reverdia (Netherlands), and Mitsubishi Chemical Holdings Corporation (Tokyo) dominate the market. The diverse product portfolio, strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are some of the factors that strengthen the market position of these companies in the succinic acid market.  They have been adopting various organic and inorganic growth strategies to enhance the current market scenario of succinic acid.

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