Bio-Succinic Acid Market Size By Application (BDO, Polyester Polyols, Plasticizers), End-User (Industrial, Food, Pharmaceuticals), & Region for 2024-2031

Bio-Succinic Acid Market Valuation – 2024-2031

Increasing demand for sustainable products, consumers and businesses are looking for environmentally responsible solutions. Bio-succinic acid, obtained from renewable resources, is ideally aligned with this trend. Its production has a reduced carbon footprint than standard succinic acid obtained from petroleum, making it an appealing option for industries looking to minimize their environmental impact. Thus, the increasing demand for eco-friendly products is driving the bio-succinic acid market size to surpass 153.21 Billion in 2024 to reach a valuation of USD 253.76 Billion by 2031.

Governments around the world are enacting stronger rules to reduce greenhouse gas emissions and encourage the use of renewable resources. This involves promoting the development and use of bio-based chemicals. Such restrictions promote the bio-succinic acid market by rewarding its production and use. Thus, the stringent government rules for greenhouse gas emissions are enabling the market to grow at a CAGR of 6.51% from 2024 to 2031.

Bio-Succinic Acid MarketDefinition/ Overview

Bio-succinic acid is succinic acid created biologically, specifically by fermenting renewable resources such as plant material. This contrasts with traditional succinic acid, which can be generated from petroleum sources.

Bio-succinic acid is a form of succinic acid created through a biological process. Succinic acid is a dicarboxylic acid, which means it has two carboxylic acid groups (COOH).It is a naturally occurring organic chemical present in the body as an intermediate result of cellular respiration, which converts glucose into energy. Microorganisms such as bacteria and yeast make bio-succinic acid. These microbes are fed carbohydrates, such as sugars generated from corn or sugarcane.

Microorganisms ferment carbohydrates to produce succinic acid. Renewable SourceBio-succinic acid is obtained from renewable resources, giving it a more environmentally friendly alternative to petroleum-based succinic acid.  Reduced Carbon FootprintBio-succinic acid manufacturing is often less carbon intensive than previous processes. Succinic acid has a wide range of applications, including plastics and solvents.  Biodegradable polymers and pharmaceuticals.

How the Advancements in Fermentation and Increasing Adoption of Bio-Based Chemicals are Driving the Bio-Succinic Acid Market?

Significant advances have been made in fermentation technology, namely in the manufacture of bio-succinic acid, which is based on microorganism fermentation methods. These breakthroughs, fueled by advances in biotechnology, have resulted in the development of more efficient fermentation systems. As a result, larger yields of bio-succinic acid can be obtained, making it a more cost-effective alternative to existing procedures. This invention not only benefits manufacturers by increasing efficiency and lowering production costs, but it also improves access to bio-succinic acid for a wide range of uses.

Bioplastics and bio-based chemicals are becoming more popular as concerns about sustainability and reliance on fossil fuels grow. Biosuccinic acid is an essential building ingredient for these products. Its versatility allows it to be employed in the creation of biodegradable plastics, sustainable packaging materials, and other bio-derived compounds, which increases demand for bio-succinic acid. In addition, the rising occurrence of infections and skin illnesses has fueled growing concern about hygiene upkeep, resulting in a renewed emphasis on personal care practices. Individuals are turning to a wide range of skincare, hair care, oral care, and other items to maintain hygiene and avoid the spread of infectious diseases. Given its positive characteristics, bio-succinic acid has emerged as a major ingredient in a variety of personal care products.

Depleting petroleum reserves and fluctuating oil prices are driving the growth of the bio-succinic acid market. Bio-succinic acid generated from renewable sources provides a more stable and potentially cost-effective long-term alternative, making it an appealing option for industries looking to reduce the dangers associated with petroleum dependence. Reliance on finite petroleum supplies causes unpredictability. The depletion of these reserves, combined with the historically fluctuating nature of oil prices, presents issues for industries that use petroleum-based succinic acid.

Rising environmental worries about plastic pollution are pushing a shift toward biodegradable and compostable materials. Bio-succinic acid can be utilized to create these environmentally friendly alternatives, which can be found in packaging materials, disposable items, and even agricultural films. This emphasis on biodegradable solutions opens up a new market niche for bio-succinic acid, extending its reach and potential. Succinic acid has several benefits for hair health, including improved texture, less frizz, and increased shine. Its inclusion in hair care products improves the general health and look of the hair, which increases demand for bio-succinic acid.

Furthermore, bio-succinic acid is used in several toothpaste formulations because of its antibacterial qualities. By battling bacteria and fostering fresh breath, it helps to maintain oral hygiene, increasing its versatility and applicability in personal care products.

How is the Limited Availability and Infrastructure Hampering the Growth of the Bio-Succinic Acid Market?

Bio-succinic acid production is still in its infancy when compared to standard methods. This means that bio-succinic acid is less readily available than petroleum-based alternatives. Furthermore, the infrastructure required for large-scale bio-succinic acid production is not yet widely established, posing logistical hurdles for producers seeking consistent and reliable supply. In addition, in some applications, bio-succinic acid does not match the exact performance characteristics of petroleum-based succinic acid. Further research and development are required to ensure that bio-succinic acid regularly meets or exceeds the performance requirements of various industrial applications.

Bio-succinic acid competes with known and well-developed alternatives such as adipic acid and maleic anhydride. These competitors may be less expensive or have a proven track record in specific applications, making it difficult for bio-succinic acid to gain traction in particular areas.  As a relatively new substance, bio-succinic acid may encounter more stringent regulatory hurdles than traditional alternatives. Obtaining the requisite permissions for its use in diverse applications can be a time-consuming and complex procedure, potentially delaying the market introduction of novel bio-succinic acid-based products.

Category-Wise Acumens

How the Growing Environmental Concern is Driving the Growth of BDO Segment in the Bio-Succinic Acid Market?

The BDO segment is substantially showing the highest growth in the bio-succinic acid market and is expected to continue its growth throughout the forecast period. A greener alternative to petroleum-derived BDO is gaining popularity as environmental awareness grows. Industries ranging from automobiles to textiles and consumer goods are actively investigating ways to lower their carbon footprint and reliance on fossil fuels. Bio-based BDO, derived from bio-succinic acid, serves as a viable and sustainable option.

In addition, stronger environmental rules in many countries are encouraging businesses to adopt eco-friendly alternatives. This regulatory pressure creates a favorable atmosphere for bio-based BDO, which drives up demand in the bio-succinic acid market. Beyond its environmental benefits, bio-based BDO is incredibly versatile. It finds applications in a wide range of industries, bolstering its position as a key driver of growth in the bio-succinic acid market. As the emphasis on sustainability grows, bio-based BDO stands to play an important part in the transition to a greener future.

The purpose of 1, 4-butanediol (BDO) is to produce polybutylene terephthalate (PBT) and tetrahydrofuran (THF) resins, both of which are crucial components in plastic engineering. The increasing demand for BDO and its derivatives, particularly THF, is expected to have a favorable impact on overall product demand. This increase in demand is projected to fuel significant expansion in the BDO segment in the market.

How the Increasing Demand for Sustainability is Driving the Industrial Segment in the Bio-Succinic Acid Market?

The Industrial segment is significantly growing in the bio-succinic acid market. The growing emphasis on sustainability and the demand for environmentally acceptable alternatives to petroleum-based chemicals in industrial processes have accelerated the use of bio-succinic acid. Bio succinic acid, derived from renewable resources, provides a more environmentally friendly alternative that is consistent with these objectives.

Bio-succinic acid is used in a variety of sectors, including chemicals, polymers, and coatings. It is a valuable feedstock for the production of a variety of industrial chemicals and materials, particularly those used to make biodegradable polymers and resins. As the global push for sustainability and the usage of biodegradable products grows, bio-succinic acid is becoming increasingly popular in industrial processes. Its renewable nature and eco-friendliness make it an appealing option for businesses looking to lessen their environmental impact while meeting consumer demand for sustainable options.

Furthermore, continued research and development activities have resulted in the discovery of novel and innovative uses for bio-succinic acid in industrial processes. These include its application in the production of bio-based solvents and specialty chemicals, which increases its potential in this market.

Gain Access to Bio-Succinic Acid Market Report Methodology

Country/Region-wise Acumens

How the North American Robust Chemical Industry is Escalating the Growth of North America’s Bio-Succinic Acid Market?

North America is substantially dominating the bio-succinic acid market and is expected to continue its growth throughout the forecast period. The region’s significant bio-based chemicals industry, which prioritizes sustainability and environmental care, is the most notable of them. With a well-established infrastructure for both production and consumption, North America has created a thriving ecosystem for bio-succinic acid, responding to rising demand for environmentally benign alternatives to petroleum-derived chemicals.

The United States and Canada stand out in the region, with significant expenditures in biotechnology and renewable feedstocks. These investments have strengthened their positions as bio-succinic acid manufacturing leaders, allowing them to meet market demands by using rich natural resources and advanced technology.

North America benefits from a favorable regulatory environment and government incentives to encourage the use of bio-based chemicals. Federal and state legislation encourages the use of renewable resources and sustainable practices, hence fostering the expansion of the bio-succinic acid market.

In addition to governmental assistance, North America’s strong emphasis on R&D has fueled technological advances in bio-succinic acid production. These developments have resulted in greater cost-effectiveness and competitiveness, establishing bio-succinic acid as a viable alternative to conventional, petroleum-derived succinic acid.

How the Growing Awareness of Carbon Footprint in the Region is Expected to Drive the Europe Bio-Succinic Acid Market During the Forecast Period?

Europe is expected to be the fastest-growing region during the forecast period. The growing awareness of carbon footprints has prompted a shift toward sustainable options to lessen environmental effects. Furthermore, there is an increasing demand for locally available raw materials, which is motivated by initiatives to reduce transportation emissions and boost local economies. Fluctuations in fossil fuel costs further encourage the use of bio-based alternatives, which provide a more stable and sustainable supply chain.

The expansion of the building industry, notably in Eastern European nations like Poland, Hungary, and Slovakia, is predicted to dramatically increase demand for bio-succinic acid. These countries are witnessing fast infrastructure development, which increases the demand for environmentally friendly construction materials.

Europe is a hub for many personal care and cosmetic products, where bio-succinic acid has numerous applications. Consumer demand for natural and eco-friendly alternatives is being driven by increased disposable income in the region, changing lifestyles, and growing knowledge of the possible detrimental consequences of traditional chemicals. Consumer desires for safer and more sustainable products are driving the expansion of the bio-succinic acid market in Europe.

Competitive Landscape

The bio-succinic acid market is a competitive landscape with a mix of established players and innovative startups. The focus on sustainability, cost reduction, and technological advancements will be key drivers for success in this market. Companies are constantly striving to improve fermentation processes to enhance yield, reduce costs, and optimize bio-succinic acid production efficiency.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the bio-succinic acid market include

• BioAmber
• Mitsui & Co.
• Purac, DSM
• Mitsubishi Chemical
• Roquette Freres SA
• Succinit
• Myriant
• Reverdia
• BASF SE
• Corbion
• Anqing Hexing Chemical Co., Ltd.
• Gadiv Petrochemical Industries Ltd.
• Kawasaki Kasei Chemicals
• Jinan Huaming Biological Technology Co., Ltd.

Latest Developments

• In December 2022, The Mitsubishi Chemical Group collaborated with Chukyo Yushi Co., Ltd, a manufacturer of processing aids and additives, to create a biodegradable/compostable solution. The solution uses BioPBS, a plant-derived polymer made of succinic acid and 1,4-butanediol.
• In August 2022 Technip Energies, a prominent engineering and technology business, bought DSM’s Biosuccinium Technology. This technology produces bio-sourced and entirely biodegradable polymers. This approach uses patented bio-polymer technologies to create bio-SAQ, a commercially referenced feedstock for polybutylene succinate production.

Report Scope

Bio-Succinic Acid Market, By Category

Application

• BDO
• Polyester Polyols
• Plasticizers
• PBS/PBST
• Alkyd Resins

End-User

• Industrial
• Food
• Pharmaceuticals
• Cosmetics

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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