Succinic Acid Market Growth (USD359.8 Bn by 2033 at 7.3% CAGR) Global Analysis by Market.us

Introduction

The global succinic acid market is poised for significant growth, with its market size expected to reach around USD 359.8 billion by 2033, up from USD 181 billion in 2023, marking a CAGR of 7.3% during the forecast period from 2023 to 2032. This growth is largely driven by increasing demand for bio-based chemicals due to heightened environmental awareness. The use of renewable resources like sugarcane, corn, and cassava to produce succinic acid is becoming more common, responding to the need for sustainable production methods.

Key growth factors include the rising application of succinic acid in various industries. In the food and beverage sector, it is widely used as a flavor enhancer and preservative, while in the industrial sector, it serves as a crucial raw material for manufacturing chemicals like 1,4-butanediol (BDO), which is essential for producing spandex and polyurethanes. The industrial segment held the largest market share of over 39% in 2021, attributed to its extensive use in multiple industrial applications.

Challenges facing the market include the high cost of production and technological investments required for bio-based succinic acid. This variant is more expensive to produce compared to its petrochemical counterpart, which may affect its competitiveness. Additionally, fluctuations in the availability of raw materials like corn and sugarcane can lead to price volatility and supply chain disruptions.

Recent developments in the succinic acid market highlight significant activities by major companies. BASF SE, for instance, continues to innovate in the sector, focusing on expanding its production capabilities and sustainable practices. Mitsubishi Chemical Holdings has also been active, emphasizing bio-based succinic acid production methods to meet the increasing demand for eco-friendly products.

In August 2022, DSM sold its Biosuccinium technology to Technip Energies, marking a strategic shift towards sustainable chemical solutions. This technology is known for producing bio-based succinic acid, which is essential for creating biodegradable polymers like polybutylene succinate. Another notable development is the acquisition of BioAmber’s biobased succinic acid plant in Sarnia, Canada, by LCY Biosciences in August 2021. This facility now produces 18 kilotons of succinic acid annually, with plans to increase output to 30 kilotons by the end of 2023.

BioAmber Inc., despite filing for bankruptcy in 2018, saw its assets acquired by LCY Biosciences, which has revitalized the production of bio-based succinic acid. This acquisition underscores the ongoing consolidation in the market, aiming to enhance production capacities and meet growing market demands.

DSM’s collaboration with other industry players and its divestment from certain non-core assets illustrates a strategic focus on innovation and sustainable growth within the succinic acid market. These moves are in line with the broader industry trend towards bio-based and eco-friendly chemicals, driven by increasing regulatory pressures and consumer demand for sustainable products.

Statistics

The next day the 1 ml of the cultures were inoculated into a 10 ml LB medium with 10% sucrose, 0.5% yeast, and 1% tryptone. In the aerobic phase, 5% of seed cultures were inoculated.
During the dual-phase fermentation of the different engineered strains using glucose only about 5% of the maximum theoretical yield of succinic acid was produced in the wild-type.
There was a significant increase in the synthesis of succinic acid by 13.4% maximum theoretical yield compared to the wild-type.
The activity of CYP3A4 was decreased to 26.65% after incubating with succinic acid for 30 min, which indicated that inhibition of CYP3A4 by succinic acid was performed in a time-dependent manner. 5.1% CYP3A4 came inactivated by succinic acid.
Bio-based succinic acid is the rising star, projected to dazzle with a sizzling CAGR of over 19.5%.
The food & beverage application segment held more than 25% of the global succinic acid market share in 2020.
North America accounted for over 30% of the global succinic acid demand in 2020. North America is throwing its weight around with over 30% of global demand, like the cool kid on the block. The bio-based succinic acid segment is projected to witness a CAGR of over 19.5% from 2021 to 2027.
Succinic acid market revenue from coatings applications is forecast to exceed $25 million by 2027.
The next day the 1 ml of the cultures were inoculated into a 10 ml LB medium with 10% sucrose, 0.5% yeast, and 1% tryptone. There was a significant increase in the synthesis of succinic acid by 13.4% maximum theoretical yield compared to the wild-type.
When given together, they increased gastric acid output by 100% of fermented glucose and by 95% of maximal acid output. Molar cross-reactivities with various forms of human gastrin are 100% for gastrin 17-I and 77% for gastrin II.
The price between 2006 and 2016 was $800–1600 ton−1 and the price is expected to remain in the $1000–1100 ton−1 range in the future. The extension of the different reactions taking place was enhanced: the conversion of MAc rose above 95%, and the FAc conversion and SAc yield increased to approximately 80%.
Pd concentration for the spent catalyst operating with neutralized feedstock solutions was 58% relative to that of fresh catalyst whereas that operating under natural pH conditions was 49%.values of 44.8% and 35.3% for the fresh and spent catalysts
acidic case, a simple look at the Pd 3d XPS results concludes that the intensity of the Pd2+ peak also decreases concerning the intensity detected in the fresh catalyst, from 38% to 2%, indicating that the higher temperatures used for the acidic case results in a more intense reduction of the Pd2+ species.
An exceptional efficiency of 25.41% (certified at 25.00%) along with a high fill factor of 84.39% and excellent long-term operational stability have been achieved.
We found that by using the surface tension of pure water, the amount of activated particles is underestimated by up to 8% if particles contain succinic acid and overestimated it up to 8% if particles contain only sodium chloride.
Chemically induced BMR mutants in sorghum were first induced in 1978 and can reduce lignin concentration by as much as 51% in stems and 25% in leaves.
A fungistatic activity of the synthesized substances was revealed, which consists of inhibiting the growth of the phytopathogenic fungus H.teres on a solid nutrient medium by 35-40%.
Treatment of seedlings was carried out by spraying with aqueous solutions of substances after a day of inoculation with an aqueous suspension of pathogen conidia with 1% Twin-80. A sample of fresh mass was ground to a homogenate of 0.25% TBA in 10% trichloroacetic acid.
In a mechanical mixture of 24-epibrassinolide with succinic acid, the mass of seeds per ear increased by 31%, and the mixture of 24-epitestosterone with succinic acid increased by 34%.
A 30,000-tonne annum−1 bio-succinic acid production plant was designed and simulated using SuperPro® Designer. The estimated fixed capital cost of the Sarnia
The plant was $147 million which was similar to BioAmber’s expense but the calculated cost of succinic acid production was $2.23 kg−1 which was much higher than BioAmber’s original projection.
A mass percent composition of 40.68% for carbon means that, for every 100 g of succinic acid, you’ll get 40.68 g of carbon.
The same is true for the other two elements – every 100 g of succinic acid will contain 5.12 g of hydrogen and 54.19 g of oxygen.
The Inkey List in the last couple of months and I was so excited by the release of the Succinic Acid Blemish Treatment. It retails for £6.99 for 15ml.
It contains a blend of 0.4% hyaluronic acid, 2% succinic acid, and 1% salicylic acid to provide you with a non-drying, easily-absorbed spot treatment that works to physically reduce the size of blemishes while also unclogging pores, exfoliating the skin and calming it all at the same time.

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Emerging Trends

Emerging Trends in the Succinic Acid Market: The succinic acid market is witnessing significant advancements driven by growing environmental concerns and technological innovations. One prominent trend is the increasing adoption of bio-based succinic acid due to its biodegradability and lower environmental impact. This shift is propelled by a global emphasis on sustainability, encouraging industries to explore eco-friendly alternatives to petro-based chemicals.
Technological Advancements: Companies are investing heavily in improving the production processes of bio-based succinic acid. For instance, Technip Energies recently acquired Biosuccinium technology from DSM, enhancing their capability to produce bio-based succinic acid efficiently. This technology facilitates the sustainable production of succinic acid, meeting the rising demand for green chemicals.
Market Expansion: There is a notable expansion in production capacities to meet the increasing demand. LCY Biosciences, for instance, acquired BioAmber’s biobased succinic acid plant in Sarnia, Ontario, and has plans to boost production from 18 kilotons to 30 kilotons by 2023.
New Applications: Succinic acid’s versatile applications are driving its demand across various sectors. It is increasingly used in the production of biodegradable polymers, which serve as environmentally friendly alternatives to conventional plastics. Additionally, its use in pharmaceuticals, food and beverages, and agriculture is expanding due to its beneficial properties as a precursor in chemical synthesis and as an acidity regulator.
Regional Growth: The Asia-Pacific region is emerging as a key market for succinic acid, driven by rapid industrialization and increasing awareness about sustainable practices. This region is expected to hold the highest market share and exhibit significant growth, further fueling the global succinic acid market expansion.

Use Case

Succinic acid has a variety of use cases across several industries due to its versatile chemical properties. One of the primary applications is in the food and beverage industry, where it is used as an acidity regulator and flavor enhancer. This sector dominates the market, accounting for about 32% of the global succinic acid demand in 2022. Its utility in this industry is expected to grow further as the demand for processed and packaged foods increases.
In the pharmaceutical industry, succinic acid is employed in the formulation of certain medications. Its derivatives are used in drug synthesis, providing benefits such as improved drug stability and bioavailability. This application is crucial given the stringent requirements for pharmaceutical ingredients.
The coatings industry also significantly benefits from succinic acid, particularly in the production of polyester polyols for polyurethanes. These polyurethanes are essential for high-performance coatings, which are in demand in the automotive and construction sectors. As construction activities and automotive production ramp up globally, the demand for succinic acid in this application is likely to rise.
In cosmetics and personal care products, succinic acid functions as a multifunctional ingredient, contributing to product stability and enhancing skin benefits. Its use in formulations such as creams, lotions, and anti-aging products is driven by the increasing consumer preference for high-quality personal care items .
The industrial sector leverages succinic acid for the production of biodegradable polymers like polybutylene succinate (PBS). PBS is increasingly being used as a sustainable alternative to conventional plastics in packaging and agricultural films. This shift towards more environmentally friendly materials is a significant growth driver for the succinic acid market.

Key Players Analysis

BASF SE is a major player in the succinic acid market, leveraging its extensive experience in the chemical industry to develop bio-based succinic acid through its joint venture with Purac. This venture, named Succinity GmbH, focuses on producing sustainable succinic acid from renewable resources, aiming to reduce carbon footprint and enhance eco-friendly production. BASF’s advancements in this sector contribute significantly to its sustainability goals and the global push towards green chemicals.

Mitsubishi Chemical Holdings is actively involved in the succinic acid market, emphasizing the production of bio-based variants through innovative processes. The company’s focus is on enhancing the efficiency and sustainability of its chemical production, aligning with global trends towards environmentally friendly practices. Mitsubishi’s advancements in this field are part of its broader strategy to integrate sustainable solutions across its product portfolio, thereby addressing increasing market demand for green chemicals .

Bioamber Inc. is a notable player in the succinic acid sector, leveraging its patented technology to produce bio-based succinic acid from renewable resources. The company focuses on sustainable and cost-effective production methods, which has positioned it as a leader in the bio-based chemicals market. Despite facing competition and market fluctuations, Bioamber’s emphasis on innovation and environmental benefits continues to drive its growth.

DSM is a significant contributor to the succinic acid market through its subsidiary, DSM Bio-based Products & Services. The company uses advanced fermentation technology to produce high-purity, sustainable succinic acid from renewable sources. DSM’s commitment to innovation and sustainability has strengthened its market position, aligning with global trends toward greener chemical production.

Kawasaki Kasei Chemicals Ltd. is a notable player in the succinic acid sector, focusing on the production of high-quality bio-based succinic acid. The company leverages advanced fermentation technologies to produce succinic acid, which is used in various applications including polymers and pharmaceuticals. Kawasaki Kasei Chemicals aims to meet the growing demand for sustainable and eco-friendly chemicals by enhancing production efficiency and sustainability in its processes.

Purac, a leading company in the succinic acid market, is renowned for its focus on sustainable chemical solutions. As part of its commitment to green chemistry, Purac produces high-purity succinic acid derived from renewable resources using its proprietary fermentation technology. This eco-friendly approach caters to diverse applications such as biodegradable plastics and specialty chemicals. Purac continues to innovate to support the growing demand for sustainable products.

Reverdia is a key player in the succinic acid market, known for its focus on sustainable bio-based solutions. The company utilizes a proprietary yeast-based technology to produce succinic acid from renewable resources, reducing reliance on fossil fuels. Reverdia’s commitment to innovation and sustainability has positioned it well in the growing economy. The market for succinic acid is expanding due to increasing demand for biodegradable plastics and green chemicals, which benefits Reverdia’s bio-based offerings.

Conclusion

The succinic acid market is experiencing robust growth driven by the increasing demand for sustainable and bio-based chemicals. As industries seek greener alternatives, succinic acid, derived from renewable resources, is gaining traction in applications such as biodegradable plastics, pharmaceuticals, and food additives. Innovations in production technologies, such as those by companies like Reverdia and Purac, are enhancing the efficiency and sustainability of succinic acid manufacturing. Challenges include fluctuating raw material costs and the need for significant capital investment.

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