Succinic Acid Market Size and Share | Statistics - 2030
Title: Succinic Acid Market by Type (Bio-Based Succinic Acid, Petro-Based Succinic Acid), End-use industry (Industrial, Food & Beverage, Coatings, Pharmaceutical) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) Global Trends and Forecast from 2023 to 2029
The global Succinic Acid market was valued at 171.34 million in 2023, and is projected to reach 271.55 million by 2030, growing at a CAGR of 6.2% from 2024 to 2030. The market for succinic acid is growing due to its applications in various industries, including pharmaceuticals, food and beverages, and bioplastics. Succinic acid is a versatile chemical used as a precursor for several valuable products, contributing to its rising demand.
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Some of the key players profiled in the study are BioAmber, GC Innovation America, Succinity GmbH, Reverdia, Nippon Shokubai, BASF SE, Myriant Corporation, Parchem, Dow Chemicals, Ernesto Ventos S.A., Kawasaki Kasei Chemicals Ltd., Mitsubishi Chemical Corporation and others and other Prominent players.
The segmental analysis section of the report includes a thorough research study on key type and application segments of the Succinic Acid market
Succinic Acid Market By Type, 2020-2029, (USD Million) (Kilotons)
Bio-Based Succinic Acid
Petro-Based Succinic Acid
Succinic Acid Market By End-Use Industry, 2020-2029, (USD Million) (Kilotons)
Industrial
Food & Beverage
Coatings
Pharmaceutical
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If opting for the Global version of Succinic Acid Market; then the below country analysis would be included:
– North America (the USA, Canada, and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Important years considered in the Succinic Acid study:
Historical year – 2018-2021;
Base year – 2023;
Forecast period** – 2024 to 2030 [** unless otherwise stated]
These responses will feature a comprehensive examination of the:
- The markets’ current infrastructures
- Market opportunities and challenges
- Future potential for growth in specific industries
- Major geographic and market segments to target, and end-user target groups and their potential operational volumes
- Representative and a value chain opportunity breakdown
- Market size and growth rate throughout the anticipated time frame.
- The market’s main driving forces
- Key market trends are impeding market expansion.
- Obstacles to market expansion.
- Market’s top merchants.
- Thorough SWOT analysis
- Threats and opportunities faced by the current vendors in the global market.
- Trending factors that affect the markets in the various regions.
- Initiatives with a strategic focus on the top vendors.
- PEST study of the five main market regions.
Reasons to Procure this Report:
- The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.
- The report provides Succinic Acid market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.
- The research includes the Succinic Acid market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.
- Succinic Acid market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.
- This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.
- The study helps evaluate Succinic Acid business predictions by region, key countries, and top companies’ information to channel their investments.
The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Succinic Acid.
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Customization services available with the report:
- Country level market for Succinic Acid market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.
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