Bio Succinic Acid Market Advanced technologies & growth opportunities in global Industry by 2025.

The global Bio Succinic Acid Market was worth USD 356.09 million in the year 2016 and is anticipated to reach roughly USD 11497.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 47.12% during the forecast period. It is extensively useful in a variety of applications such as polyester polyols, butanediol (BDO) and PBST. Rising requirement of BDO and its by-products such as Gamma-Butyrolactone, Polybutylene Terephthalate and Tetrahydrofuran in various applications like engineering and pharmaceuticals is said to boost the demand. Furthermore, increasing usage of pigments, lubricants, food colorants and personal care products are anticipated to have a major influence on the growth of this market. Increasing awareness regarding utilization of products that are bio-based in the food and packaging industry is said to stimulate the growth of the market.

  • Bio Succinic Acid Market, By Application, Estimates and Forecast, 2016-2025 ($Million)
  • Cosmetic application
  • Food application
  • Pharma application
  • Industrial applications
    • Polyester polyols
    • PBS
    • Plasticizers
    • Solvents and lubricants
    • Alkyd Resins
    • 1,4-Butanediol (BDO)
    • Resins, coatings and pigments
    • De-icer solutions

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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The bio-succinic acid market of Europe had more than 45 percent of the share of the total volume in the year 2013. However, instructions from authorities that are implemented by several agencies in order to reduce greenhouse gas is said to spur the growth of the market in the coming years. The bio-succinic acid market of Asia Pacific was worth USD 40.4 million in the year 2013 and is expected to encounter substantial growth due to factors such as increased industrialization coupled with increased requirement of bio-succinic acid in applications like alkyd resins, plasticizers, butanediol and polyester polyols in countries like China and India.

Competitive Insights

The leading companies that dominated the global bio-succinic acid market are Reverdia and BioAmber. BioAmber held more than 55 percent of the share in the global market in the year 2013. Bio-SA, is provided by BioAmber which is useful in several applications like coatings, resins, personal care products, lubricants, food ingredients, solvents and heat transfer fluids. In 2013 Johnson Matthey-Davy Process Technologies partnered with Myriant Corporation, declared a process that was carbon and cost-efficient for the production of tetrahydrofuran and butanediol.

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