Industrial Grade Succinic Acid Market Size 2024: Latest Trend, Share Analysis, Growth and Forecast to 2030

LOS ANGELES, United States: The report named, "Global Industrial Grade Succinic Acid Market Insights, Forecast to 2030" has been added to the archive of market research studies by QY Research. The industry experts and researchers have offered reliable and precise analysis of the global Industrial Grade Succinic Acid market in view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as a handy instrument for the market participants to develop effective strategies with an aim to reinforce their market positions. This report offers pin-point analysis of the changing dynamics and emerging trends in the global Industrial Grade Succinic Acid market.

The global Industrial Grade Succinic Acid revenue was US$ 60.1 million in 2023 and is forecast to a readjusted size of US$ 107 million by 2030 with a CAGR of 8.1% during the review period (2024-2030).

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This grade of succinic acid is widely used as an intermediate in chemical synthesis and in the manufacture of plastics, polymers, lubricants, and other industrial chemicals. The bio-based industrial-grade succinic acid has become increasingly popular due to the demand for sustainable materials, though petrochemical-derived succinic acid still represents a significant portion of the market due to cost efficiency.

The market for industrial-grade succinic acid is driven by its broad applicability across various sectors, including plastics, biofuels, chemicals, and industrial manufacturing. Both bio-based and petrochemical-based succinic acid contribute to this market, with the bio-based version gaining momentum due to growing environmental awareness and sustainability trends.

Shift Toward Renewable Feedstocks:

The growing demand for bio-based products is causing a shift from petrochemical-based succinic acid to bio-based succinic acid. The ability to produce succinic acid from renewable resources (e.g., corn, sugarcane, and other biomass) aligns with global trends toward reducing carbon footprints and ensuring sustainable production practices.

Technological Advancements:

Advances in fermentation technologies and genetic engineering have enhanced the yield and efficiency of bio-based succinic acid production, making it more commercially viable and cost-competitive with petrochemical-based alternatives.

Regional Growth:

The industrial-grade succinic acid market is expanding in Asia-Pacific (particularly China and India), driven by increased industrial activity, a rising demand for bioplastics, and government policies supporting sustainable practices.

The core manufacturers of industrial-grade succinic acid in the world include LCY Biosciences (BioAmber), Reverdia, Kawasaki Kasei Chemicals, Nippon Shokubai, Shandong Feiyang, etc. The top five manufacturers account for about 70% of the global market share.

Key Players Mentioned in the Global Industrial Grade Succinic Acid Market Research Report:

LCY Biosciences（BioAmber）, Succinity GmbH, Roquette（Reverdia）, Technip Energies, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals, Jinbaoyu Technology, Shandong Landian Biological Technology, Shanghai Shenren Fine Chemical, Weinan Huifeng, AH BIOSUS, HSUKO New Materials

The segmental analysis section of the report includes a thorough research study on key type and application segments of the global Industrial Grade Succinic Acid market. All of the segments considered for the study are analyzed in quite some detail on the basis of market share, growth rate, recent developments, technology, and other critical factors. The segmental analysis provided in the report will help players to identify high-growth segments of the global Industrial Grade Succinic Acid market and clearly understand their growth journey. Moreover, it will help them to identify key growth pockets of the global Industrial Grade Succinic Acid market.

Details of Industrial Grade Succinic Acid Market Segmentation: -

Segment by Type:

Bio-based
Petroleum-based

Segment by Application:

Plastics and Polymers
Solvents and Chemicals
Biofuels
Others

Segment by Region:

North America
Europe
Asia Pacific
South America
Middle East and Africa

The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Industrial Grade Succinic Acid market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Industrial Grade Succinic Acid markets to help players plan effective expansion strategies. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Industrial Grade Succinic Acid markets to extend their reach and create sales opportunities.

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Table of Content

1 Study Coverage
1.1 Industrial Grade Succinic Acid Product Introduction
1.2 Global Industrial Grade Succinic Acid Outlook 2019 VS 2023 VS 2030
1.2.1 Global Industrial Grade Succinic Acid Sales in US$ Million for the Year 2019-2030
1.2.2 Global Industrial Grade Succinic Acid Sales in Volume for the Year 2019-2030
1.3 United States Industrial Grade Succinic Acid Outlook 2019 VS 2023 VS 2030
1.3.1 United States Industrial Grade Succinic Acid Sales in US$ Million for the Year 2019-2030
1.3.2 United States Industrial Grade Succinic Acid Sales in Volume for the Year 2019-2030
1.4 Industrial Grade Succinic Acid Market Size, United States VS Global, 2019 VS 2023 VS 2030
1.4.1 The Market Share of United States Industrial Grade Succinic Acid in Global, 2019 VS 2023 VS 2030
1.4.2 The Growth Rate of Industrial Grade Succinic Acid Market Size, United States VS Global, 2019 VS 2023 VS 2030
1.5 Industrial Grade Succinic Acid Market Dynamics
1.5.1 Industrial Grade Succinic Acid Industry Trends
1.5.2 Industrial Grade Succinic Acid Market Drivers
1.5.3 Industrial Grade Succinic Acid Market Challenges
1.5.4 Industrial Grade Succinic Acid Market Restraints
1.6 Assumptions and Limitations
1.7 Study Objectives
1.8 Years Considered

2 Industrial Grade Succinic Acid by Type
2.1 Industrial Grade Succinic Acid Market by Type
2.1.1 Bio-based
2.1.2 Petroleum-based
2.2 Global Industrial Grade Succinic Acid Market Size by Type
2.2.1 Global Industrial Grade Succinic Acid Sales in Value, by Type (2019, 2023 & 2030)
2.2.2 Global Industrial Grade Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
2.2.3 Global Industrial Grade Succinic Acid Average Selling Price (ASP) by Type (2019, 2023 & 2030)
2.3 United States Industrial Grade Succinic Acid Market Size by Type
2.3.1 United States Industrial Grade Succinic Acid Sales in Value, by Type (2019, 2023 & 2030)
2.3.2 United States Industrial Grade Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
2.3.3 United States Industrial Grade Succinic Acid Average Selling Price (ASP) by Type (2019, 2023 & 2030)

3 Industrial Grade Succinic Acid by Application
3.1 Industrial Grade Succinic Acid Market by Application
3.1.1 Plastics and Polymers
3.1.2 Solvents and Chemicals
3.1.3 Biofuels
3.1.4 Others
3.2 Global Industrial Grade Succinic Acid Market Size by Application
3.2.1 Global Industrial Grade Succinic Acid Sales in Value, by Application (2019, 2023 & 2030)
3.2.2 Global Industrial Grade Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
3.2.3 Global Industrial Grade Succinic Acid Average Selling Price (ASP) by Application (2019, 2023 & 2030)
3.3 United States Industrial Grade Succinic Acid Market Size by Application
3.3.1 United States Industrial Grade Succinic Acid Sales in Value, by Application (2019, 2023 & 2030)
3.3.2 United States Industrial Grade Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
3.3.3 United States Industrial Grade Succinic Acid Average Selling Price (ASP) by Application (2019, 2023 & 2030)

4 Global Industrial Grade Succinic Acid Competitor Landscape by Company
4.1 Global Industrial Grade Succinic Acid Market Size by Company
4.1.1 Global Key Manufacturers of Industrial Grade Succinic Acid, Ranked by Revenue (2023)
4.1.2 Global Industrial Grade Succinic Acid Revenue by Manufacturer (2019-2024)
4.1.3 Global Industrial Grade Succinic Acid Sales by Manufacturer (2019-2024)
4.1.4 Global Industrial Grade Succinic Acid Price by Manufacturer (2019-2024)
4.2 Global Industrial Grade Succinic Acid Concentration Ratio (CR)
4.2.1 Industrial Grade Succinic Acid Market Concentration Ratio (CR) (2019-2024)
4.2.2 Global Top 5 and Top 10 Largest Manufacturers of Industrial Grade Succinic Acid in 2023
4.2.3 Global Industrial Grade Succinic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Key Manufacturers of Industrial Grade Succinic Acid, Manufacturing Base Distribution and Headquarters
4.4 Global Key Manufacturers of Industrial Grade Succinic Acid, Product Offered and Application
4.5 Global Key Manufacturers of Industrial Grade Succinic Acid, Date of Enter into This Industry
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4.7 United States Industrial Grade Succinic Acid Market Size by Company
4.7.1 Key Players of Industrial Grade Succinic Acid in United States, Ranked by Revenue (2023)
4.7.2 United States Industrial Grade Succinic Acid Revenue by Players (2019-2024)
4.7.3 United States Industrial Grade Succinic Acid Sales by Players (2019-2024)

5 Global Industrial Grade Succinic Acid Market Size by Region
5.1 Global Industrial Grade Succinic Acid Market Size by Region: 2019 VS 2023 VS 2030
5.2 Global Industrial Grade Succinic Acid Market Size in Volume by Region (2019-2030)
5.2.1 Global Industrial Grade Succinic Acid Sales in Volume by Region: 2019-2024
5.2.2 Global Industrial Grade Succinic Acid Sales in Volume Forecast by Region (2025-2030)
5.3 Global Industrial Grade Succinic Acid Market Size in Value by Region (2019-2030)
5.3.1 Global Industrial Grade Succinic Acid Sales in Value by Region: 2019-2024
5.3.2 Global Industrial Grade Succinic Acid Sales in Value by Region: 2025-2030

6 Americas
6.1 Americas Industrial Grade Succinic Acid Market Size YoY Growth 2019-2030
6.2 Americas Industrial Grade Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
6.3 Americas Industrial Grade Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
6.4 Americas Industrial Grade Succinic Acid Market Facts & Figures by Country (2019, 2023 & 2030)
6.4.1 Americas Industrial Grade Succinic Acid Sales in Value by Country (2019, 2023 & 2030)
6.4.2 Americas Industrial Grade Succinic Acid Sales in Volume by Country (2019, 2023 & 2030)
6.4.3 United States
6.4.4 Canada
6.4.5 Mexico
6.4.6 Brazil

7 EMEA
7.1 EMEA Industrial Grade Succinic Acid Market Size YoY Growth 2019-2030
7.2 EMEA Industrial Grade Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
7.3 EMEA Industrial Grade Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
7.4 EMEA Industrial Grade Succinic Acid Market Facts & Figures by Country (2019, 2023 & 2030)
7.4.1 EMEA Industrial Grade Succinic Acid Sales in Value by Country (2019, 2023 & 2030)
7.4.2 EMEA Industrial Grade Succinic Acid Sales in Volume by Country (2019, 2023 & 2030)
7.4.3 Europe
7.4.4 Middle East
7.4.5 Africa

8 China
8.1 China Industrial Grade Succinic Acid Market Size YoY Growth 2019-2030
8.2 China Industrial Grade Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
8.3 China Industrial Grade Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)

9 APAC
9.1 APAC Industrial Grade Succinic Acid Market Size YoY Growth 2019-2030
9.2 APAC Industrial Grade Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
9.3 APAC Industrial Grade Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
9.4 APAC Industrial Grade Succinic Acid Market Facts & Figures by Country (2019, 2023 & 2030)
9.4.1 APAC Industrial Grade Succinic Acid Sales in Value by Country (2019, 2023 & 2030)
9.4.2 APAC Industrial Grade Succinic Acid Sales in Volume by Country (2019, 2023 & 2030)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India

10 Company Profiles
10.1 LCY Biosciences（BioAmber）
10.1.1 LCY Biosciences（BioAmber） Company Information
10.1.2 LCY Biosciences（BioAmber） Description and Business Overview
10.1.3 LCY Biosciences（BioAmber） Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.1.4 LCY Biosciences（BioAmber） Industrial Grade Succinic Acid Products Offered
10.1.5 LCY Biosciences（BioAmber） Recent Development
10.2 Succinity GmbH
10.2.1 Succinity GmbH Company Information
10.2.2 Succinity GmbH Description and Business Overview
10.2.3 Succinity GmbH Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.2.4 Succinity GmbH Industrial Grade Succinic Acid Products Offered
10.2.5 Succinity GmbH Recent Development
10.3 Roquette（Reverdia）
10.3.1 Roquette（Reverdia） Company Information
10.3.2 Roquette（Reverdia） Description and Business Overview
10.3.3 Roquette（Reverdia） Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.3.4 Roquette（Reverdia） Industrial Grade Succinic Acid Products Offered
10.3.5 Roquette（Reverdia） Recent Development
10.4 Technip Energies
10.4.1 Technip Energies Company Information
10.4.2 Technip Energies Description and Business Overview
10.4.3 Technip Energies Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.4.4 Technip Energies Industrial Grade Succinic Acid Products Offered
10.4.5 Technip Energies Recent Development
10.5 Nippon Shokubai
10.5.1 Nippon Shokubai Company Information
10.5.2 Nippon Shokubai Description and Business Overview
10.5.3 Nippon Shokubai Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.5.4 Nippon Shokubai Industrial Grade Succinic Acid Products Offered
10.5.5 Nippon Shokubai Recent Development
10.6 Feiyang Chemical
10.6.1 Feiyang Chemical Company Information
10.6.2 Feiyang Chemical Description and Business Overview
10.6.3 Feiyang Chemical Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.6.4 Feiyang Chemical Industrial Grade Succinic Acid Products Offered
10.6.5 Feiyang Chemical Recent Development
10.7 Sunsing Chemicals
10.7.1 Sunsing Chemicals Company Information
10.7.2 Sunsing Chemicals Description and Business Overview
10.7.3 Sunsing Chemicals Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.7.4 Sunsing Chemicals Industrial Grade Succinic Acid Products Offered
10.7.5 Sunsing Chemicals Recent Development
10.8 Jinbaoyu Technology
10.8.1 Jinbaoyu Technology Company Information
10.8.2 Jinbaoyu Technology Description and Business Overview
10.8.3 Jinbaoyu Technology Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.8.4 Jinbaoyu Technology Industrial Grade Succinic Acid Products Offered
10.8.5 Jinbaoyu Technology Recent Development
10.9 Shandong Landian Biological Technology
10.9.1 Shandong Landian Biological Technology Company Information
10.9.2 Shandong Landian Biological Technology Description and Business Overview
10.9.3 Shandong Landian Biological Technology Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.9.4 Shandong Landian Biological Technology Industrial Grade Succinic Acid Products Offered
10.9.5 Shandong Landian Biological Technology Recent Development
10.10 Shanghai Shenren Fine Chemical
10.10.1 Shanghai Shenren Fine Chemical Company Information
10.10.2 Shanghai Shenren Fine Chemical Description and Business Overview
10.10.3 Shanghai Shenren Fine Chemical Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.10.4 Shanghai Shenren Fine Chemical Industrial Grade Succinic Acid Products Offered
10.10.5 Shanghai Shenren Fine Chemical Recent Development
10.11 Weinan Huifeng
10.11.1 Weinan Huifeng Company Information
10.11.2 Weinan Huifeng Description and Business Overview
10.11.3 Weinan Huifeng Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.11.4 Weinan Huifeng Industrial Grade Succinic Acid Products Offered
10.11.5 Weinan Huifeng Recent Development
10.12 AH BIOSUS
10.12.1 AH BIOSUS Company Information
10.12.2 AH BIOSUS Description and Business Overview
10.12.3 AH BIOSUS Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.12.4 AH BIOSUS Industrial Grade Succinic Acid Products Offered
10.12.5 AH BIOSUS Recent Development
10.13 HSUKO New Materials
10.13.1 HSUKO New Materials Company Information
10.13.2 HSUKO New Materials Description and Business Overview
10.13.3 HSUKO New Materials Industrial Grade Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.13.4 HSUKO New Materials Industrial Grade Succinic Acid Products Offered
10.13.5 HSUKO New Materials Recent Development

11 Industry Chain and Sales Channels Analysis
11.1 Industrial Grade Succinic Acid Industry Chain Analysis
11.2 Industrial Grade Succinic Acid Key Raw Materials
11.2.1 Key Raw Materials
11.2.2 Raw Materials Key Suppliers
11.3 Industrial Grade Succinic Acid Production Mode & Process
11.4 Industrial Grade Succinic Acid Sales and Marketing
11.4.1 Industrial Grade Succinic Acid Sales Channels
11.4.2 Industrial Grade Succinic Acid Distributors
11.5 Industrial Grade Succinic Acid Customers

12 Research Findings and Conclusion

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

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