Why did the Succinic Acid Price Change in July 2025? Succinic Acid Price Index in APAC declined by 3.3% quarter-on-quarter, settling at USD 1,385/MT FOB Qingdao. The quarter saw mixed price movement, with softness in April and May, followed by a mild rebound in June due to volatility in crude oil and freight markets.

Get the latest insights on price movement and trend analysis of Butanedioic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Butanedioic Acid Market Overview: The global butanedioic acid market is projected to witness substantial growth, with a CAGR of 7.9% over the forecast period of 2025-2033. Valued at million units in 2025, the market is primarily driven by the increasing demand from various end-use industries, including resins, coatings and pigments, food and beverage, and pharmaceuticals. The growing trend towards bio-based and eco-friendly products also bodes well for the market. Key Market Trends: The demand for butanedioic acid is primarily influenced by its applications. As a major component in the production of biodegradable plastics, renewable resins, and other bio-based materials, the rising environmental consciousness is fueling market growth. Additionally, the market is benefiting from technological advancements that enhance efficiency and sustainability in production processes. However, factors such as fluctuations in raw material prices and stringent environmental regulations pose challenges to market expansion. The market is segmented based on application, type, company, and region, providing insights into specific market dynamics and opportunities.

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Succinic Acid Market Size 2024-2028

The succinic acid market size is forecast to increase by USD 261 million at a CAGR of 10.87% between 2023 and 2028.

The market is witnessing significant growth due to the increasing application of succinic acid in various industries. One of the key driving factors is the rising popularity of bio-succinic acid, which is derived from renewable sources and is gaining traction due to its eco-friendly nature. Another growth factor is the high competition among companies, leading to innovation and product development. This acid finds applications in personal care, cosmetics, coating, and other industries However, challenges such as high production costs and stringent regulations are hindering market growth. Despite these challenges, the market is expected to grow steadily due to the increasing demand in various end-use industries, particularly In the production of polymers and resins. Overall, the market presents significant opportunities for growth and innovation.

What will be the Size of the Market During the Forecast Period?

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The market encompasses the production and trade derived from both petroleum and bio-based sources. This versatile organic compound is widely used in various industries, including plastics, polymers, and the production of diethylmaleate, fumaric acid, glyoxylic acid, and other related chemicals. In the plastics industry, it is employed In the production of PBS/PBT resins, while In the food and beverage sector, it is used as a food additive and In the production of 1,4-BDO, dimethyl succinate, and ferrous succinate.
Additionally, the market dynamics are influenced by factors such as increasing demand for bio-based acid due to its lower carbon footprint compared to petro-based sources, as well as the growing trend towards reducing CO2 emissions. The fermentation of sugars is a common method used to produce bio succinic acid, making it an attractive alternative to petroleum-derived succinic acid.

How is this Industry segmented and which is the largest segment?

The research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Petro-based
  Bio-based


End-user

  Industrial
  Coatings
  Pharmaceuticals
  Others


Geography

  Europe

    Germany
    Italy


  North America

    Canada
    US


  APAC

    China


  South America



  Middle East and Africa

By Type Insights

The petro-based segment is estimated to witness significant growth during the forecast period.

Succinic acid, a dicarboxylic acid, is derived from petroleum-based feedstocks, primarily maleic anhydride, for commercial production. This approach offers cost advantages due to the abundance and affordability of petroleum resources. Petroleum-based production ensures a consistent and reliable process, mitigating the yield inconsistencies associated with fermentation methods. The expanding demand for eco-friendly plastics and materials has further boosted the market. Applications include the production of polymers like polytetrahydrofuran, polybutylene succinate, and 1,4-butanediol, as well as coatings, automotive industries, and personal care products. Additionally, it is used In the manufacturing of fumaric acid, glyoxylic acid, and various derivatives such as dimethyl succinate, disodium succinate, and N-bromosuccinimide. The chemical is also employed as a raw material In the production of various renewable chemicals and performance materials.

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The petro-based segment was valued at USD 137.10 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 36% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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It is a versatile chemical used extensively in various industries, including pharmaceuticals, food and beverage, personal care, and coating. In 2023, Europe led The market, driven by the increasing consumption of bio-based chemicals in end-use sectors. Key European countries, such as Germany, Italy, and the UK, dominate the market due to their large consumer bases and numerous industries utilizing it. The demand for bio-based materials In the paints and coating industries is driving the growth of the market in Europe. Additionally, the production of 1,4-butanediol (BDO), polyurethanes, plasticizers, and alkyd resins for construction, pharmaceuticals, food packaging, and automotive industries is expected to

The Bio-Based Succinic Acid Market Report is Segmented by Application (Industrial, Pharmaceuticals, Personal Care, Paints and Coatings, Other Applications), Feedstock Source (Corn-Derived Glucose, Sugarcane & Beet Sucrose, Lignocellulosic Biomass, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The global Succinic Acid Market size is expected to reach USD 573.9 Million in 2032 registering a CAGR of 9.3%. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities and more.

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The bio-succinic acid market share is expected to increase by USD 212.43 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 15.88%.

This bio-succinic acid market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bio-succinic acid market segmentation by application (BDO, polyester polyols, plasticizers, alkyd resins, and others) and geography (Europe, North America, APAC, South America, and MEA). The bio-succinic acid market report also offers information on several market vendors, including BASF SE, Koninklijke DSM NV, LCY Chemical Corp., Mitsubishi Chemical Holdings Corp., Mitsui & Co. Ltd., PTT Global Chemical Public Co. Ltd., Roquette Freres SA, and Shandong LanDian Biological Technology Co. Ltd. among others.

What will the Bio-succinic Acid Market Size be During the Forecast Period?

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Bio-succinic Acid Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The volatility in crude oil prices is notably driving the bio-succinic acid market growth, although factors such as the high price of bio-succinic acid may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bio-succinic acid industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bio-succinic Acid Market Driver

One of the key factors driving the bio-succinic acid market is the volatility in crude oil prices. The consumption of bio-succinic acid by several application areas, including BDO, plasticizers, and PBS, is influenced by changes in the price of crude oil. To lessen the risks related to the volatility of crude oil prices, succinic acid producers are concentrating on employing naturally renewable resources as raw materials. Additionally, liquefied petroleum gas (LPG) and maleic anhydride are used in the chemical production of succinic acid in industrial settings. The price of petroleum products is directly impacted by volatility or a rise in crude oil prices. The COVID-19 pandemic's occurrence in 2020, according to the EIA, caused a sharp decline in global oil consumption. As a result, Brent crude oil spot prices decreased from $64.37 per barrel in 2019 to $34.13 per barrel in 2020. Furthermore, EIA also expects crude oil prices to fluctuate through 2023. Furthermore, fluctuations in crude oil prices, changing currency rates, imports and exports, and a decline in production capacity all have a direct impact on the supply and demand for petrochemical raw materials. Because there are so many bio-based feedstocks available, manufacturers are switching from petrochemical- to bio-based products.

Key Bio-succinic Acid Market Trend

Shift to biodegradable polymers is another factor supporting the Bio-succinic Acid market growth in the forecast period. The demand for biodegradable polymers has been steadily increasing as a result of worries about plastic pollution and the need for sustainable substitutes for polymers generated from petroleum. To produce polyurethanes (PUs) and polyurethane dispersions, bio-succinic acid is frequently employed (PUDs). This acid's components are entirely renewable, and it is used to make PU, which is a component of specialty foams, coatings, adhesives, and elastomers. It is possible to create PUs in a way that uses less energy and produces fewer carbon emissions. Biodegradable and widely utilized in the polymer sector are bio-based polymers. The use of biodegradable plastics and polymers is driven by factors like R&D activity, environmental awareness, and the enforcement of strict environmental legislation. Therefore, it is anticipated that throughout the forecast period, the growing demand for bio-succinic acid to make biopolymers would positively affect the global bio-succinic acid market.

Key Bio-succinic Acid Market Challenge

The high price of bio-succinic acid will be a major challenge for the bio-succinic acid market during the forecast period. The high cost of bio-succinic acid is a significant obstacle to the expansion of the market in question. The high cost of processing succinic acid and the drawn-out extraction procedure provides significant difficulties for producers of bio-succinic acid, even though the raw ingredients needed to make it are renewable. Advanced technologies are needed for the large-scale commercial production of succinic acid from biomass for the chemical sector. Additionally, maintaining the ideal pH range for the microorganism's ferme

The Global Succinic Acid Market size is expected to reach $515.8 million by 2030, rising at a market growth of 9.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,27,245.2 tonnes, experiencing a growth of 8.7% (2019-2022). Succinic acid is an effective pH regul

The global butanedioic acid market is experiencing robust growth, driven by increasing demand across diverse applications. While the provided CAGR is missing, considering the expanding bio-based segment and the sustained growth in industries like food & beverage, pharmaceuticals, and coatings, a conservative estimate of the Compound Annual Growth Rate (CAGR) for the forecast period (2025-2033) would be between 5% and 7%. This projection accounts for potential market fluctuations and the ongoing adoption of sustainable materials. The market size in 2025 is given as 198 million. Projecting forward using a CAGR of 6%, the market is expected to reach approximately 315 million by 2033. Key drivers include the rising adoption of bio-based butanedioic acid, fueled by increasing environmental concerns and government regulations promoting sustainable alternatives. Furthermore, the growing demand for high-performance resins, coatings, and polyols in various industries is significantly boosting market expansion. The market is segmented by type (bio-based and petro-based) and application (resins, coatings & pigments, PBS, food & beverage, pharmaceuticals, polyester polyols, and others), with the bio-based segment witnessing faster growth due to its eco-friendly nature. Competitive landscape analysis reveals key players like LCY Biosciences (BioAmber), Succinity GmbH, and Roquette (Reverdia) at the forefront of innovation and market share capture. The geographic distribution shows strong regional growth across North America, Europe, and Asia Pacific, with China and the United States emerging as dominant markets. The future of the butanedioic acid market hinges on technological advancements leading to cost reductions in bio-based production and continued expansion into new applications. Factors such as fluctuating raw material prices and stringent regulatory compliance requirements present challenges. However, ongoing research and development focused on improving process efficiency and exploring novel applications are expected to mitigate these restraints. The market is poised for significant growth, presenting lucrative opportunities for both established players and new entrants. Strategic partnerships, mergers and acquisitions, and product diversification are expected to shape the competitive landscape in the coming years. The consistent growth in the pharmaceutical and food and beverage sectors, coupled with the increasing adoption of eco-friendly materials in various industries, will further propel market expansion.

The size of the Bio-Based Succinic Acid market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of % during the forecast period.Bio-based succinic acid is a four-carbon dicarboxylic acid resulting from fermentation processes from renewable biomass sources. It is a versatile building block for chemicals and materials with a sustainable alternative to products based on petroleum.This bio-based chemical finds a number of applications in various industries. It is used for the synthesis of biodegradable plastics, fibers, and films, thereby curtailing the usage of fossil fuel and its associated impact. It is also an important precursor for synthesis of other several valuable chemicals including 1,4-butanediol (BDO), tetrahydrofuran (THF), and adipic acid, which are consumed by many industrial processes.The growing demand for sustainable and eco-friendly materials, combined with increasing concern about climate change, is driving the bio-based succinic acid market. Improving technology coupled with reduced cost of production, the bio-based succinic acid is going to come out as a promising future leader in a more sustainable chemical industry. Recent developments include: December 2022: The Mitsubishi Chemical Group, in partnership with Chukyo Yushi Co., Ltd., developed a biodegradable/compostable dispersion solution using its plant-derived biodegradable/compostable polymer BioPBS, which comprises a succinic acid obtained from natural resources and 1,4-butanediol., August 2022: Technip Energies acquired DSM's Biosuccinium Technology to produce bio-sourced and fully biodegradable polymers. This method works with patented bio-polymer technologies to produce a commercially referenced bio-based succinic acid (bio-SAc) used as a feedstock in manufacturing polybutylene succinate.. Key drivers for this market are: Increasing Adoption of Green Chemicals, Other Drivers. Potential restraints include: Higher Cost of Bio-based Succinic Acid, Other Restraints. Notable trends are: Industrial Segment Dominated the Market.

Global Butanedioic Acid market size 2025 was XX Million. Butanedioic Acid Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global butanedioic acid market is experiencing robust growth, driven by increasing demand across diverse applications. While precise market size data for 2025 isn't provided, considering typical CAGR values for specialty chemicals (let's assume a conservative 5% CAGR for illustrative purposes, acknowledging this is an estimation), and with a base year of 2025, we can project a substantial market value. Assuming a 2025 market size of $1 billion (this figure is for illustrative purposes and should be replaced with actual data if available), the market would be expected to reach approximately $1.28 billion by 2033, based on a 5% CAGR. However, this projection is subject to change based on the actual 2025 market value and precise CAGR. Key drivers include the growing use of butanedioic acid in the production of bio-based polymers, pharmaceuticals, and food additives, reflecting a broader shift towards sustainable and biodegradable materials. Furthermore, advancements in production technologies are improving efficiency and reducing costs, further stimulating market expansion. The bio-based segment is witnessing particularly strong growth, fueled by rising environmental concerns and government initiatives promoting bio-based materials. The market's growth trajectory is, however, tempered by certain restraints. Fluctuations in raw material prices and the competitive landscape, with established petro-based players alongside emerging bio-based producers, can impact profitability and market share. Regional variations in demand also exist, with North America and Asia Pacific emerging as key market regions. Future growth will likely hinge on continued innovation in bio-based production methods, expansion into new applications, and effective management of supply chain challenges. The strategic decisions of key players like LCY Biosciences, Roquette, and Mitsubishi Chemical will significantly influence the market's competitive dynamics and future trajectory. Further analysis would require more granular data on the 2025 market size and the precise CAGR to generate precise predictions.

Global Bio-Succinic Acid Market was valued at USD 126.36 Million in 2023 and is anticipated to grow with a CAGR of 4.43% through 2029.

The global butanedioic acid market is experiencing robust growth, projected to reach a market size of $123 million in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 7.9% from 2025 to 2033. This significant expansion is driven by increasing demand from various applications, primarily in the food and beverage industry as a food additive and preservative, the plastics and polymers sector as a key component in biodegradable plastics, and the pharmaceutical industry as a precursor for various drugs and medicines. Growth is further fueled by the ongoing development of sustainable and bio-based production methods, reducing reliance on traditional, less environmentally friendly processes. While challenges remain, such as price fluctuations in raw materials and the competitive landscape with established chemical players, the overall outlook for butanedioic acid remains positive, driven by consistent innovation and expanding applications across diverse industries. The market's growth trajectory is further influenced by emerging trends such as the increasing focus on sustainable and bio-based alternatives to petrochemical-derived products. Companies like LCY Biosciences (BioAmber), Succinity GmbH, and Roquette (Reverdia) are at the forefront of this shift, investing in research and development to improve production efficiency and explore new applications for their butanedioic acid products. The competitive landscape is dynamic, with both large multinational corporations and smaller specialized companies vying for market share. Geographical expansion, particularly in developing economies with growing industrial sectors, is expected to contribute significantly to market growth in the forecast period. Strategic partnerships, mergers and acquisitions, and continuous technological advancements are key factors shaping the future competitive landscape within this burgeoning market.

The global Succinic Acid market stood at approximately 308 thousand tonnes in 2024 and is expected to grow at a CAGR of 6.10% during the forecast period until 2035.

Global Butanedioic Acid - Cas 110 15 6 market size 2025 was XX Million. Butanedioic Acid - Cas 110 15 6 Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The succinic acid market is expected to reach USD 3,613.27 million by the year 2030, at a CAGR of 18.01%, major factors driving market revenue growth are increasing use of succinic acid in the pharmaceutical sector, as well as in building and infrastructure development activities

The Succinic Acid Market is Segmented Into Product Type (Petro and Bio-Based), Grade (Industrial/Technical, Food, Pharmaceuticals, and Cosmetic), Application (Industrial Chemicals, Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The Butanedioic Acid market, also known as succinic acid, plays a pivotal role in various industrial applications, including the production of plastics, food additives, solvents, and pharmaceuticals. This dicarboxylic acid is essential for the synthesis of biodegradable plastics, which are gaining traction in a worl