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Home » Chemicals » Organic Chemicals » COR-350714
  • Global Bio-Succinic Acid Market- Market share and Industry Forecast to 2024

  • Publish: January 2016 | Report Code: COR-350714

* For discount/customization and buying a particular chapter click here or write to us at sales@occamsresearch.com

Bio-succinic acid is derived from animal tissues and act as a substitute for petroleum based succinic acid. It is a building block for number of specialty and commodity chemicals used in applications such as coatings, fibers, metals, lubricating oils, solvents and others. Bio-based succinic acid is mostly preferred in PBS/PBST sector.  Increasing demand for bio-based chemicals and non-toxic and non-degradable plastic packaging components is the key factor driving the global bio-succinic acid market. Global bio-succinic acid market is expected to have a CAGR of 45.6% during the forecast period 2016-2023. High cost of crude oil, increase in demand for renewable chemicals and increasing investment for green chemicals are also some of the factors contributing to growth of global bio succinic acid market. Moreover, increasing environmental awareness and government support, increasing demand for polyurethanes for downstream applications and use of polyester polyols in the manufacturing of polyurethanes are also adding value to the market growth. However, high price of bio succinic acid and lengthy extraction process are the factors restraining the growth of global bio succinic acid market.

Increase in environmental awareness and government support for bio succinic acid market is the fueling the market growth. US government support for the utilization of green chemicals for instance:  US environmental protection agency promotes research and creating awareness for the prevention of chemical pollution which minimizes the adoption of toxic chemicals. Many countries have banned the production and consumption of plastics. Favorable government policies for bio succinic acid adoption and stringent regulation for plastic use have increased the adoption of bio succinic acid globally as a substitute of petroleum based succinic acid. Governments have imposed restriction on free distribution of disposable carry bags and has also increased es on these products. The ban on production and consumption of plastics and toxic products led to the adoption of bio succinic acid and its derivatives. Due to ban on plastic product in Taiwan and South Korea, demand of bioplastic in these two countries has increased significantly. In July 2002 Taiwanese government banned the free distribution of disposable plastic bags and tableware throughout Taiwan resulting in the reduced consumption of one time use plastic bag and increase in the usage of reusable bags for shopping and outing.

Source: OBRC Analysis.

The report on global bio succinic acid market is segmented into applications.

Application is further segmented into:

  • Industrial application
  • Food application
  • Pharmaceuticals
  • Others





The revenue for the above application segments is specific to the global bio succinic acid market. However, the total revenue of these applications in general has been excluded from the scope of the report.

The global bio-succinic acid market report is geographically segmented into:

  • North America (U.S. & Canada)
  • Asia Pacific (China, India, Japan, RoAPAC)
  • Europe (UK, France, Germany, RoE)
  • Rest of World





Global bio-succinic acid market report covers segmentation analysis on the basis of application. Bio succinic acid is used as an alternative of petrol based succinic acid in applications such as de-icing solutions, solvents & lubricants, cosmetics pharma and Industrial. It includes 1,4-Butanediol (BDO), polyester polyols, polybutylene succinate, solvent & lubricants, alkyd resins and plasticizers.  New applications such as BDO, PBS, plasticizers and polyesters are expected to accelerate the global bio-succinic acid market. Moreover, increasing cost of crude oil and growing demand of renewable chemicals are fueling the growth of global bio-succinic acid market.

In 2015 Europe was the largest consumer of bio succinic acid market. Increasing adoption of bio succinic acid in this region is due to stringent regulation for hazardous chemicals. Due to this requirement, manufacturers of succinic acid are shifting towards the green substitutes. North America is the second largest bio succinic acid market due to the increased demand for bio succinic acid in U.S. and Canada. Moreover, the presence of leading chemical industries such as Bio Amber, Myriant etc. in U.S. is driving the market growth. However, Asia-pacific is the fastest growing region due to significant development in application market. Low cost of labor availability in these regions are the driving factor for the manufacturing plants establishment. China has also banned the consumption and production of thin plastic and thus boost the bio-based chemicals and products in consumption and production.

The major market players of the global bio-succinic acid market are:

  • BIOAMBER
  • MYRIANT
  • MITSUI & CO. LTD
  • MITSUBISHI CHEMICAL CORPORATION
  • SUCCINITY
  • OTHERS







These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the bio-succinic acid market.

For Example: BIOAMBER and CJ Cheiljedang have agreed to form a joint venture in china on 22 December, 2016. Canadian renewable materials company Bioamber inc and south Korean-based company CJ Cheiljedang corporation will produce up to 36,000 metric tons of bio succinic acid annually. Both the companys’ goal is to produce bio-succinic acid in China and to penetrate the world’s largest succinic acid market.

In April 2017, Reverdia’s new bio succinic acid named Biosuccinium S Grade has been approved as 100% natural by the ECOCERT Natural and Organic Cosmetics Standard.

The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in bio-succinic acid market.

Key reasons to buy the report:

  • The report includes market estimation, forecast and analysis for the year 2016-2023
  • Report includes detailed analysis of different segments such as applications of global bio-succinic acid.
  • Identify and understand the strengths, opportunities, challenges and threats of global bio-succinic acid market.
  • Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of bio succinic acid market.
  • Detailed analysis of various regulatory policies which affect the global bio-succinic acid market.






How we are different from others:

At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global bio-succinic acid market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the bio-succinic acid market, with giving extensive SCOT analysis of key companies.

Key findings of the global bio-succinic acid market:

  • Europe held highest revenue share in 2016.
  • Industrial application is the major segment of application.
  • Joint venture is the key strategy adopted by players of bio-succinic acid market. 
1. INTRODUCTION
1.1. EXECUTIVE SUMMARY
1.2. ESTIMATION METHODOLOGY
 
2. MARKET OVERVIEW
2.1. GLOBAL BIO-SUCCINIC ACID MARKET : EVOLUTION & TRANSITION
2.2. MARKET DEFINITION & SCOPE  
2.3. INDUSTRY STRUCTURE
2.4. TOTAL MARKET ANALYSIS
2.4.1. TOP 5 FINDINGS
2.4.2. TOP 5 OPPORTUNITY MARKETS
2.4.3. TOP 5 COMPANIES
2.4.4. TOP 3 COMPETITIVE STRATEGIES
2.5. ESTIMATION ANALYSIS
2.6. STRATEGIC ANALYSIS
2.6.1. INVESTMENT VS. ADOPTION MODEL
2.6.2. 360-DEGREE INDUSTRY ANALYSIS
2.6.3. PORTERS 5 FORCE MODEL
2.6.4. SEE-SAW ANALYSIS
2.6.5. CONSUMER ANALYSIS AND KEY BUYING CRITERIA
2.7. COMPETITIVE ANALYSIS
2.7.1. KEY STRATEGIES & ANALYSIS
2.7.2. MARKET SHARE ANALYSIS & TOP COMPANY ANALYSIS
2.8. STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
2.8.1. INVESTMENT OPPORTUNITIES BY REGIONS
2.8.2. OPPORTUNITIES IN EMERGING APPLICATIONS
2.8.3. INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
 
3. MARKET DETERMINANTS
3.1. MARKET DRIVERS
3.1.1. HIGHER COST OF CRUDE OIL
3.1.2.   DEMAND FOR RENEWABLE CHEMICALS
3.1.3. INCREASE IN ADDRESSABLE MARKET
3.1.4.   INCREASE IN INVESTMENTS FOR GREEN CHEMICALS
3.1.5. INCREASE IN ENVIRONMENTAL AWARENESS AND GOVERNMENT SUPPORT
3.1.6. INCREASING DEMAND FOR POLYURETHANES FOR DOWNSTREAM APPLICATIONS
3.1.7. USE OF POLYESTER POLYOLS IN THE MANUFACTURING OF POLYURETHANES
3.2. MARKET RESTRAINTS
3.2.1. HIGHER PRICE OF BIO SUCCINIC ACID
3.2.2.   LENGTHY EXTRACTION PROCESSES
3.3. MARKET OPPORTUNITIES
3.3.1. GROWING NEED FOR GREEN SUBSTITUTES
3.3.2. ATTRACTIVE REPLACEMENTS FOR MALEIC ANHYDRIDE, ADIPIC ACID AND PHTHALIC ANHYDRIDE
3.3.3. GROWING DEMAND FOR BIO-BASED BIODEGRADABLE PLASTIC
3.4.   MARKET CHALLENGES
3.4.1. HIGH PROCESSING COST
3.4.2. TIME CONSUMING PROCESS
 
4. GLOBAL BIO-SUCCINIC ACIDMARKET BY APPLICATION
4.1. MARKET DEFINITION AND SCOPE
4.2. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
4.3. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
4.4. OPPORTUNITY MATRIX
4.5. MARKET SEGMENTATION
4.5.1. GLOBAL INDUSTRIAL APPLICATION MARKET
4.5.1.1. ADOPTION SCENARIO & MARKET DETERMINANTS
4.5.1.2. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
4.5.1.3. KEY CONCLUSIONS
4.5.2. GLOBAL FOOD APPLICATION MARKET
4.5.2.1. ADOPTION SCENARIO & MARKET DETERMINANTS
4.5.2.2. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
4.5.2.3. KEY CONCLUSIONS
4.5.3. GLOBAL PHARMACEUTICAL APPLICATION MARKET
4.5.3.1. ADOPTION SCENARIO & MARKET DETERMINANTS
4.5.3.2. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
4.5.3.3. KEY CONCLUSIONS
4.5.4.   GLOBAL OTHERS MARKET
4.5.4.1. ADOPTION SCENARIO & MARKET DETERMINANTS
4.5.4.2. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
4.5.4.3. KEY CONCLUSIONS
 
5. COMPETITIVE LANDSCAPE
5.1. KEY STRATEGIES
5.1.1. LIST OF MERGERS AND ACQUISITION
5.1.2. LIST OF JOINT VENTURES
5.1.3. LIST OF PRODUCT LAUNCHES
5.1.4. LIST OF PARTNERSHIPS
 
6. GEOGRAPHIC ANALYSIS
6.1. DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
6.2. COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
6.3. OPPORTUNITY MATRIX
6.4. GLOBAL BIO-SUCCINIC ACIDMARKET BY REGION 2015-2024  
6.4.1. NORTH AMERICA
6.4.1.1. INDUSTRY ANALYSIS 2015-2024 ($ MILLION)
6.4.1.2. TOP COUNTRY ANALYSIS
6.4.1.2.1. U.S.
6.4.1.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.1.2.1.2. KEY CONCLUSIONS
6.4.1.2.2. CANADA
6.4.1.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.1.2.2.2. KEY CONCLUSIONS
6.4.2. EUROPE
6.4.2.1. INDUSTRY ANALYSIS 2015-2024 ($ MILLION)
6.4.2.2. TOP COUNTRY ANALYSIS
6.4.2.2.1. UK
6.4.2.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.2.2.1.2. KEY CONCLUSIONS
6.4.2.2.2. FRANCE
6.4.2.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.2.2.2.2. KEY CONCLUSIONS
6.4.2.2.3. GERMANY
6.4.2.2.3.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.2.2.3.2. KEY CONCLUSIONS
6.4.2.2.4. SPAIN
6.4.2.2.4.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.2.2.4.2. KEY CONCLUSIONS
6.4.2.2.5. REST OF EUROPE
6.4.2.2.5.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.2.2.5.2. KEY CONCLUSIONS
6.4.3. ASIA PACIFIC
6.4.3.1. INDUSTRY ANALYSIS 2015-2024 ($ MILLION)
6.4.3.2. TOP COUNTRY ANALYSIS
6.4.3.2.1. CHINA
6.4.3.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.3.2.1.2. KEY CONCLUSIONS
6.4.3.2.2. INDIA
6.4.3.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.3.2.2.2. KEY CONCLUSIONS
6.4.3.2.3. JAPAN
6.4.3.2.3.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.3.2.3.2. KEY CONCLUSIONS
6.4.3.2.4. AUSTRALIA
6.4.3.2.4.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.3.2.4.2. KEY CONCLUSIONS
6.4.3.2.5. REST OF ASIA PACIFIC
6.4.3.2.5.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.3.2.5.2. KEY CONCLUSIONS
6.4.4. ROW
6.4.4.1. INDUSTRY ANALYSIS 2015-2024 ($ MILLION)
6.4.4.2. TOP COUNTRY ANALYSIS
6.4.4.2.1. LATIN AMERICA
6.4.4.2.1.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.4.2.1.2. KEY CONCLUSIONS
6.4.4.2.2. MIDDLE EAST & AFRICA
6.4.4.2.2.1. MARKET ESTIMATIONS AND FORECASTS 2015-2024 ($ MILLION)
6.4.4.2.2.2. KEY CONCLUSIONS
 
7. COMPANY PROFILES
7.1. BIOAMBER(US)
7.1.1. OVERVIEW
7.1.2. PRODUCT PORTFOLIO
7.1.3. STRATEGIC INITIATIVES
7.1.4. SCOT ANALYSIS
7.1.5. STRATEGIC ANALYSIS
 
7.2.   MYRIANT(US)
7.2.1. OVERVIEW
7.2.2. PRODUCT PORTFOLIO
7.2.3. STRATEGIC INITIATIVES
7.2.4. SCOT ANALYSIS
7.2.5. STRATEGIC ANALYSIS
 
7.3. DSM(NETHERLAND)
7.3.1. OVERVIEW
7.3.2. PRODUCT PORTFOLIO
7.3.3. STRATEGIC INITIATIVES
7.3.4. SCOT ANALYSIS
7.3.5. STRATEGIC ANALYSIS
 
7.4. MITSUI & CO. LTD(JAPAN)
7.4.1. OVERVIEW
7.4.2. PRODUCT PORTFOLIO
7.4.3. STRATEGIC INITIATIVES
7.4.4. SCOT ANALYSIS
7.4.5. STRATEGIC ANALYSIS
 
7.5. BASF SA(GERMANY)
7.5.1. OVERVIEW
7.5.2. PRODUCT PORTFOLIO
7.5.3. STRATEGIC INITIATIVES
7.5.4. SCOT ANALYSIS
7.5.5. STRATEGIC ANALYSIS
 
7.6. MITSUBISHI CHEMICAL CORPORATION(JAPAN)
7.6.1. OVERVIEW
7.6.2. PRODUCT PORTFOLIO
7.6.3. STRATEGIC INITIATIVES
7.6.4. SCOT ANALYSIS
7.6.5. STRATEGIC ANALYSIS
 
7.7. PURAC (CARBION NV)(NETHERLAND)
7.7.1. OVERVIEW
7.7.2. PRODUCT PORTFOLIO
7.7.3. STRATEGIC INITIATIVES
7.7.4. SCOT ANALYSIS
7.7.5. STRATEGIC ANALYSIS
 
7.8. REVERDIA (DSM – ROQUETTE)
7.8.1. OVERVIEW
7.8.2. PRODUCT PORTFOLIO
7.8.3. STRATEGIC INITIATIVES
7.8.4. SCOT ANALYSIS
7.8.5. STRATEGIC ANALYSIS
 
7.9. GADIV PETROCHEMICAL INDUSTRIES LTD.(ISRAEL)
7.9.1. OVERVIEW
7.9.2. PRODUCT PORTFOLIO
7.9.3. STRATEGIC INITIATIVES
7.9.4. SCOT ANALYSIS
7.9.5. STRATEGIC ANALYSIS
 
7.10. ROQUETTE FERES SA(FRANCE)
7.10.1. OVERVIEW
7.10.2. PRODUCT PORTFOLIO
7.10.3. STRATEGIC INITIATIVES
7.10.4. SCOT ANALYSIS
7.10.5. STRATEGIC ANALYSIS
 
7.11. SUCCINITY(GERMANY)
7.11.1. OVERVIEW
7.11.2. PRODUCT PORTFOLIO
7.11.3. STRATEGIC INITIATIVES
7.11.4. SCOT ANALYSIS
7.11.5. STRATEGIC ANALYSIS
 
7.12. ANQUING HE XING CHEMICAL CORPORATION(CHINA)
7.12.1. OVERVIEW
7.12.2. PRODUCT PORTFOLIO
7.12.3. STRATEGIC INITIATIVES
7.12.4. SCOT ANALYSIS
7.12.5. STRATEGIC ANALYSIS
 
7.13. NIPON SHOKUBAI(JAPAN)
7.13.1. OVERVIEW 
7.13.2. PRODUCT PORTFOLIO
7.13.3. STRATEGIC INITIATIVES
7.13.4. SCOT ANALYSIS
7.13.5. STRATEGIC ANALYSIS
 
7.14. KAWASAKI KASEI CHEMICALS(JAPAN)
7.14.1. OVERVIEW
7.14.2. PRODUCT PORTFOLIO
7.14.3. STRATEGIC INITIATIVES
7.14.4. SCOT ANALYSIS
7.14.5. STRATEGIC ANALYSIS
 
LIST OF TABLES
1. GLOBAL BIO-SUCCINIC ACIDMARKET BY APPLICATION 2015-2024 ($ MILLION)
2. GLOBAL INDUSTRIAL APPLICATION MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
3. GLOBAL FOOD APPLICATION MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
4. GLOBAL PHARMACEUTICAL APPLICATION  MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
5. GLOBAL OTHERS MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
6. NORTH AMERICA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
7. EUROPE BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
8. ASIA PACIFIC BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
9. REST OF THE WORLD BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
10. NORTH AMERICA BIO-SUCCINIC ACIDMARKET BY APPLICATION2015-2024 ($ MILLION)
11. EUROPE BIO-SUCCINIC ACIDMARKET BY APPLICATION 2015-2024 ($ MILLION)
12. ASIA PACIFIC BIO-SUCCINIC ACIDMARKET BY APPLICATION2015-2024 ($ MILLION)
13. REST OF THE WORLD FINTECH BLOCKCHAINMARKET BY APPLICATION 2015-2024 ($ MILLION)
14. UNITED STATES BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
15. CANADA BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
16. UK BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
17. FRANCE BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
18. GERMANY BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
19. SPAIN BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
20. ROE BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
21. CHINA BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
22. INDIA BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
23. JAPAN BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
24. AUSTRALIA BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
25. ROAPAC BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
26. LATIN AMERICA BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
27. MENA BIO-SUCCINIC ACID MARKET BY APPLICATION 2015-2024 ($ MILLION)
 
LIST OF FIGURES
1. GLOBAL INDUSTRIAL APPLICATION MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
2. GLOBAL FOOD APPLICATION MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
3. GLOBAL PHARMACEUTICAL APPLICATION  MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
4. GLOBAL OTHERS MARKET BY GEOGRAPHY 2015-2024 ($ MILLION)
5. UNITED STATES (U.S.) BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
6. CANADA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
7. UNITED KINGDOM (UK) BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
8. FRANCE BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
9. GERMANY BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
10. SPAIN BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
11. ROE BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
12. CHINA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
13. INDIA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
14. JAPAN BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
15. AUSTRALIA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
16. ROAPAC BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
17. LATIN AMERICA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION)
18. MENA BIO-SUCCINIC ACIDMARKET 2015-2024 ($ MILLION) 
 
 

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