Succinic acid is a dicarboxylic organic acid, commonly used as food additive and supplementary utilizing its acidity regulatory properties. It is also used as a precursor to few polymers and alkyd resins, which in turn is used in many industries including agriculture, packaging, pharmaceutical and industrial among others.  Increasing demand of products with longer shelf life and higher performance is growing the demand of succinic acid.

Bio-based succinic acid is the bigger segment in the market owing to increasing level of acceptance among consumers for eco-friendly products. Polyurethane was the largest consumer segment in the succinic acid market. Europe leads in market contribution whereas Asia Pacific leads contribution growth with the highest growth rate. The market is fragmented with many players but the competition is increasing due to vast application areas. Some of the key players operating in the market are Mitsubishi Chemical Holdings Corporation, BioAmber Inc. and Succinity GmbH, among many others.

This study provides a comprehensive understanding of the global succinic acid market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. The study provides better understanding of the companies.

Report Scope:

• Types
  
  
  
  • Bio-based
  
  
  • Petroleum-based
  
  
  
  


• End-Use
  
  
  
  • Food & Beverage
  
  
  • Industrial
  
  
  • Pharmaceuticals
  
  
  • Polyurethane
  
  
  • Others
  
  
  
  


• Regions
  
  
  
  • Asia Pacific
  
  
  • Europe
  
  
  • North America
  
  
  • Rest of the World
  
  
  
  

• Industry outlook: market trends and drivers, restraints, and opportunities