The bio-succinic acid market is expected to grow at CAGR of 23.1% from 2018 to 2023. Availability of raw material, production cost and a wide range of industrial applications are driving the succinic acid market. 1, 4, BDO is the largest segment of the succinic acid market and expected to be the largest segment in the year 2023. BDO is also the largest growing segment in Succinic acid market with a CAGR of over 35% from 2018 to 2023. High demand from 1,4, BDO is driving the industrial material segment. The availability of raw material is another motivator for the bio-succinic acid market. Bio-Succinic acid is being produced from sugarcane, corn and cassava and also can be produced from waste materials such as beetroot pulp, agriculture waste and other food waste. The succinic acid application market segmented in seven major categories which are 1,4, BDO, Plasticizer, PBS, Solvent & lubricant, Polyols, Pharmaceutical application, and food & beverages applications.

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The market is segmented on the basis of geographies. North America (the US and Canada), Europe (the Uk, Italy, Spain, Germany and rest of Europe), APAC (India, China, and Japan, and rest of APAC) are major geographies which included in this report. North America is the largest consumer market for Bio-Succinic Acid however APAC is the fastest growing market of Bio-Succinic Acid. 

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Bio-succinic acid segmentation Market

By applications

Bdo
Plasticizers
Pbs
Solvent and lubricant
Polyols
Pharmaceutical applications
Food and beverages
Other applications

By raw materials

Corn-based bio-succinic acid
Sugarcane-based bio-succinic acid
Cassava-based bio-succinic acid
Other raw materials-based bio-succinic acid

Competitive landscape

Market share analysis
Key company analysis

Regional analysis

North america
United states
Canada
Rest of north america
Europe
United kingdom
France
Germany
Italy
Spain
Rest of europe
Asia pacific
India
China
Japan
Rest of the world

Company profiles

Anhui sunsing chemicals co.,ltd.
 Anqing he xing chemicals corporation limited
Azelis sa
Basf sa
Bioamber inc.
Corbion
Evonik industries
Kawasaki kasei chemicals ltd.
Mitsubishi chemical corporation
Mitsui group

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