Bio-based succinic acid is a renewable, environmentally friendly chemical produced from biological sources such as plant-based feedstocks instead of petroleum-based processes. It is used as a replacement for traditional, petroleum-derived succinic acid in various applications, including bioplastics, solvents, food additives, pharmaceuticals, and cosmetics. Bio-based succinic acid is valued for its sustainability, reduced carbon footprint, and ability to serve as an alternative to petrochemicals in the production of biodegradable plastics, polyesters, and other industrial products.
Bio-Based Succinic Acid Market Overview
Bio-Based Succinic Acid Market Expected to reach a high CAGR of 12.2% By 2031
the global bio-based succinic acid market size, shares, recent trends, competitive intelligence, and future market outlook. Bio-based succinic acid usage in replacement for petroleum-based succinic acid is on the rise. Demand for green chemicals in ‘Europe’ is growing. Competitive rivalry intensifies with BASF, DSM N.V., and others active in the market.
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Bio-Based Succinic Acid Market Drivers
The growing manufacturing sector is driving the demand for bio-based succinic acid. The increasing need for environmentally friendly chemicals has further boosted the market, as bio-based succinic acid is essential in the production of bioplastics.
Additionally, the rising demand to replace butane-based maleic anhydride and advancements in bio-refining processes have fueled the global market for bio-based succinic acid. It is primarily used as an alternative to petroleum-based succinic acid in applications such as solvents, oils, de-icer solutions, cosmetics, food, and pharmaceuticals. Moreover, emerging applications like 1,4-butanediol (BDO), PBS, plasticizers, and polyester polyols are expected to accelerate the market’s future growth.
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Bio-Based succinic Acid Market is segmented
By Application: 1, 4-Butanediol, Polybutylene Succinate, Plasticizers, Polyester Polyols, Polymers and Esters, Others
By End User: Chemical Industry, Food, and Beverages, Pharmaceutical, Personal Care, Agriculture, Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Bio-Based Succinic Acid Companies
· BASF
· DSM N.V.
· BioAmber
· Myriant
· Nippon Shokubai
· Succinate
· Kawasaki Kasei Chemicals
· Mitsubishi Chemical Holdings
· Anhui Sensing Chemicals
· Reverdia
· Linyi Lixing Chemical Co., Ltd.
· Gadiv Petrochemical Industries Ltd.
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