The Succinic Acid Market 2024 Report makes available the current and future technical and financial analysis of the industry. It is one of the most comprehensive and important additions to the USD Analytics Market archive of market research studies. It offers detailed research and analysis of key aspects of the global Succinic Acid market. This global report explores the key factors affecting the growth of the dynamic Succinic Acid market, including the demand-supply scenario, pricing structure, profit margins, SWOT, and value chain analysis.
Global Succinic Acid Market Size is valued at $285.3 Million in 2024 and is forecast to register a growth rate (CAGR) of 10.2% to reach $620.5 Million by 2032.
Key Players in This Report Include:
BASF SE, Dow Chemicals, Ernesto Ventos S.A., GC Innovation America, Kawasaki Kasei Chemicals Ltd, Mitsubishi Chemical Corp, Parchem, The Chemical Company
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Succinic Acid Market Overview in 2024
The Succinic Acid Market is expanding, fueled by its growing application in industries such as chemicals, pharmaceuticals, food & beverages, and plastics. Succinic acid is used as a building block for producing bio-based chemicals, which are in high demand due to the global push toward sustainability. The bio-based succinic acid segment is gaining traction due to its lower environmental impact compared to petroleum-based alternatives. The rise in demand for green chemicals and biodegradable plastics is further driving market growth. However, fluctuations in raw material prices and the availability of substitutes like adipic acid may hinder market expansion. The development of cost-effective production technologies and government incentives for bio-based products offer significant growth prospects.
Market Segmentation and Scope:
By Type (Petro-based, Bio-based), By End-User (Food & Beverages, Pharmaceutical, Coatings, Industrial, Personal Care & Cosmetics, Others)
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Succinic Acid Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year – 2018-2023
Base year – 2023
Forecast period – 2024 to 2032
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Major Highlights of TOC:
Chapter 1: Overview of the Global Succinic Acid Market in 2024
1.1 Succinic Acid Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Succinic Acid Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter’s Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Succinic Acid Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Succinic Acid Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Succinic Acid Market Size (2024-2032) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Succinic Acid Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Succinic Acid Market Outlook by Country
4.1 Succinic Acid Market by Regions
4.2 Succinic Acid Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players’ Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
……….continued
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