Bio-Based Succinic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Bio-Based Succinic Acid Market Overview and is segmented by Application (Industrial, Pharmaceutical, Personal Care, Paints and Coatings, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for Bio-Based Succinic Acid Market are provided in value (USD million) for all the above segments.

Bio-Based Succinic Acid Market Size

Compare market size and growth of Bio-Based Succinic Acid Market with other markets in Chemicals & Materials Industry

Bio-Based Succinic Acid Market Analysis

The Bio-Based Succinic Acid Market is expected to register a CAGR of less than 2% during the forecast period.

  • COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
  • The price uncertainty of fossil fuels, the increase in carbon footprints, and the increasing adoption of green chemicals are expected to surge the demand for bio-based succinic acid. On the other hand, the market's expansion is constrained by the higher cost of bio-based succinic acid and the prolonged extraction procedures.
  • Further, sustainable dyes made from bio-succinic acid are anticipated to present a market opportunity in the future. The Asia-Pacific region is expected to witness high demand for bio-based succinic acid during the forecast period.

Bio-Based Succinic Acid Industry Overview

The bio-based succinic acid market is consolidated in nature. Some of the major players in the market include BASF SE, Roquette Frères, DSM, Mitsui Chemicals, Inc., and Mitsubishi Chemical Corporation, among others.

Bio-Based Succinic Acid Market Leaders

  1. BASF SE

  2. Roquette Frères

  3. Mitsubishi Chemical Corporation

  4. DSM

  5. Mitsui Chemicals, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
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Bio-Based Succinic Acid Market News

  • 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.

Bio-Based Succinic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Adoption of Green Chemicals
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Higher Cost of Bio-based Succinic Acid
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Application
    • 5.1.1 Industrial
    • 5.1.2 Pharmaceutical
    • 5.1.3 Personal Care
    • 5.1.4 Paints and Coatings
    • 5.1.5 Other Applications
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 Italy
    • 5.2.3.4 France
    • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 South Africa
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BASF SE
    • 6.4.2 DSM
    • 6.4.3 Mitsui Chemicals, Inc.
    • 6.4.4 Mitsubishi Chemical Corporation
    • 6.4.5 Roquette Freres
    • 6.4.6 Technip Energies N.V.
    • 6.4.7 Corbion
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Sustainable Dyes Made from Bio-based Succinic Acid
**Subject to Availability
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Bio-Based Succinic Acid Industry Segmentation

Succinic acid is a chemical utilized directly in many industrial applications and as an intermediary in the synthesis of various polymers and resins. The biological generation of succinic acid from renewable resources has drawn considerable attention due to the depletion of crude oil and the requirement for sustainable development. 

The bio-based succinic acid market is segmented by application and geography. By application, the market is segmented into industrial, pharmaceutical, personal care, paints and coatings, and other applications. The report also covers the market size and forecasts in 15 countries across major regions. 

Market sizing and forecasts have been done for each segment based on revenue (USD million).

Application Industrial
Pharmaceutical
Personal Care
Paints and Coatings
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Bio-Based Succinic Acid Market Research FAQs

What is the current Bio-Based Succinic Acid Market size?

The Bio-Based Succinic Acid Market is projected to register a CAGR of less than 2% during the forecast period (2025-2030)

Who are the key players in Bio-Based Succinic Acid Market?

BASF SE, Roquette Frères, Mitsubishi Chemical Corporation, DSM and Mitsui Chemicals, Inc. are the major companies operating in the Bio-Based Succinic Acid Market.

Which is the fastest growing region in Bio-Based Succinic Acid Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Bio-Based Succinic Acid Market?

In 2025, the North America accounts for the largest market share in Bio-Based Succinic Acid Market.

What years does this Bio-Based Succinic Acid Market cover?

The report covers the Bio-Based Succinic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bio-Based Succinic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Bio-Based Succinic Acid Industry Report

Statistics for the 2025 Bio-Based Succinic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bio-Based Succinic Acid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Bio-Based Succinic Acid Market Report Snapshots

Bio-Based Succinic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)