Global Bio Succinic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

C-3 Platform Chemicals and C-6 Platform Chemicals.

By Application;

1,4-butanediol (BDO), Polyester Polyols, Plasticizers, Alkyd Resins, PBS, and Others.

By End User;

Industrial, Food & Beverages, and Pharmaceuticals.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn141455826 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Bio Succinic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Bio Succinic Acid Market was valued at USD 3,424.58 million. The size of this market is expected to increase to USD 27,268.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 34.5%.

The global bio succinic acid market is experiencing notable growth as industries seek sustainable alternatives to traditional petrochemical-based chemicals. Bio succinic acid, derived from renewable resources such as plant biomass or agricultural by-products, offers an environmentally friendly alternative to petrochemical succinic acid. This bio-based compound is gaining traction due to its ability to reduce carbon emissions and reliance on non-renewable resources, aligning with global sustainability and environmental goals. The increased awareness of climate change and the push for greener chemical solutions are driving the demand for bio succinic acid across various applications.

Bio succinic acid is utilized in a wide range of applications, including plastics, pharmaceuticals, and food and beverages. In the plastics industry, bio succinic acid is used as a building block for bio-based polymers and resins, offering enhanced sustainability and performance characteristics compared to traditional petrochemical-derived plastics. The pharmaceutical industry benefits from bio succinic acid's role in synthesizing various drugs and intermediates, while the food and beverage sector uses it as a flavoring agent and preservative. The versatility of bio succinic acid across these diverse applications highlights its growing importance in replacing conventional chemicals with more sustainable options.

The bio succinic acid market is witnessing varied growth patterns. North America and Europe are leading the adoption of bio succinic acid due to their strong regulatory frameworks and high levels of investment in green technologies. These regions are home to advanced research and development facilities that drive innovation and support the commercialization of bio-based products. In contrast, the Asia Pacific region is experiencing rapid growth driven by increasing industrialization, rising environmental awareness, and supportive government policies. Emerging markets in Latin America and the Middle East and Africa are also beginning to explore bio succinic acid as part of their broader sustainability strategies, contributing to the global expansion of the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Bio Succinic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government Incentives for Green Technologies
        2. Advancements in Bio-Based Production Technologies
        3. Increasing Consumer Preference for Sustainable Products
        4. Rising Use in Automotive and Packaging Industries
      2. Restraints
        1. Limited Raw Material Availability
        2. Technical Challenges in Production
        3. Competition from Petroleum-Based Alternatives
        4. Regulatory and Certification Hurdles
      3. Opportunities
        1. Innovations in Production Processes
        2. Growth in End-Use Applications (e.g., Pharmaceuticals, Agriculture)
        3. Strategic Partnerships and Collaborations
        4. Increased Investment in R&D
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bio Succinic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. C-3 Platform Chemicals
      2. Platform Chemicals
    2. Global Bio Succinic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. 1,4-butanediol (BDO)
      2. Polyester Polyols
      3. Plasticizers
      4. Alkyd Resins
      5. PBS
      6. Others
    3. Global Bio Succinic Acid Market, By End User, 2021 - 2031 (USD Million)
      1. Industrial
      2. Food & Beverages
      3. Pharmaceuticals
    4. Global Bio Succinic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Succinity GmbH
      2. Bio-Amber Inc
      3. Myriant Corporation
      4. Novozymes
      5. Cargill
      6. DSM
      7. Metabolix
      8. GF Biochemicals
  7. Analyst Views
  8. Future Outlook of the Market