Global Petro-based Succinic Acid Market Growth 2025-2031
Description
The global Petro-based Succinic Acid market size is predicted to grow from US$ 58.5 million in 2025 to US$ 85 million in 2031; it is expected to grow at a CAGR of 6.4% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Succinic acid (also known as butanedioic acid) is a naturally occurring dicarboxylic acid that is used in various industrial applications, including the production of plastics, resins, solvents, and as an intermediate in the synthesis of other chemicals like 1,4-butanediol. Petro-based succinic acid refers to succinic acid produced from fossil fuels, specifically petroleum or natural gas, as opposed to bio-based or renewable sources like plant biomass.
The traditional petrochemical production of succinic acid typically involves the hydrogenation of maleic anhydride, which is derived from naphtha (a component of petroleum). This petrochemical process is often more energy-intensive and environmentally impactful compared to bio-based production methods. Petro-based succinic acid remains the dominant method for large-scale production, though bio-based routes are gaining in prominence.
The global demand for succinic acid is driven by industries such as plastics, automotive, pharmaceuticals, and food and beverages. Succinic acid is used in the production of biodegradable plastics (e.g., polybutylene succinate), solvents, detergents, and as an additive in food and pharmaceutical formulations. The automotive and bioplastics sectors have seen growing demand due to the shift toward sustainable alternatives to petroleum-based materials.
While petro-based succinic acid remains an important product in many industrial sectors due to its cost-effectiveness and established production infrastructure, the growing trend toward sustainability and renewable materials is pushing the market toward bio-based alternatives. As bio-based production methods improve in efficiency and scale, they could increasingly challenge petro-based succinic acid, especially in industries like bioplastics and pharmaceuticals. However, the pace of this transition will depend on technological advances, economic factors, and market demand for greener alternatives.
The core manufacturers of petro-based succinic acid in the world include LCY Biosciences (BioAmber), Reverdia, Nippon Shokubai, Shandong Feiyang, etc. The top five manufacturers account for about 70% of the global market share.
LP Information, Inc. (LPI) ' newest research report, the “Petro-based Succinic Acid Industry Forecast” looks at past sales and reviews total world Petro-based Succinic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Petro-based Succinic Acid sales for 2025 through 2031. With Petro-based Succinic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Petro-based Succinic Acid industry.
This Insight Report provides a comprehensive analysis of the global Petro-based Succinic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Petro-based Succinic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Petro-based Succinic Acid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Petro-based Succinic Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Petro-based Succinic Acid.
This report presents a comprehensive overview, market shares, and growth opportunities of Petro-based Succinic Acid market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Industrial Grade
Pharmaceutical Grade
Food Grade
Other Grade
Segmentation by Application:
Pharmaceutical Industry
Chemical and Solvent
Food & Beverage
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology
Shandong Landian Biological Technology
Shanghai Shenren Fine Chemical
Weinan Huifeng
Key Questions Addressed in this Report
What is the 10-year outlook for the global Petro-based Succinic Acid market?
What factors are driving Petro-based Succinic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Petro-based Succinic Acid market opportunities vary by end market size?
How does Petro-based Succinic Acid break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Succinic acid (also known as butanedioic acid) is a naturally occurring dicarboxylic acid that is used in various industrial applications, including the production of plastics, resins, solvents, and as an intermediate in the synthesis of other chemicals like 1,4-butanediol. Petro-based succinic acid refers to succinic acid produced from fossil fuels, specifically petroleum or natural gas, as opposed to bio-based or renewable sources like plant biomass.
The traditional petrochemical production of succinic acid typically involves the hydrogenation of maleic anhydride, which is derived from naphtha (a component of petroleum). This petrochemical process is often more energy-intensive and environmentally impactful compared to bio-based production methods. Petro-based succinic acid remains the dominant method for large-scale production, though bio-based routes are gaining in prominence.
The global demand for succinic acid is driven by industries such as plastics, automotive, pharmaceuticals, and food and beverages. Succinic acid is used in the production of biodegradable plastics (e.g., polybutylene succinate), solvents, detergents, and as an additive in food and pharmaceutical formulations. The automotive and bioplastics sectors have seen growing demand due to the shift toward sustainable alternatives to petroleum-based materials.
While petro-based succinic acid remains an important product in many industrial sectors due to its cost-effectiveness and established production infrastructure, the growing trend toward sustainability and renewable materials is pushing the market toward bio-based alternatives. As bio-based production methods improve in efficiency and scale, they could increasingly challenge petro-based succinic acid, especially in industries like bioplastics and pharmaceuticals. However, the pace of this transition will depend on technological advances, economic factors, and market demand for greener alternatives.
The core manufacturers of petro-based succinic acid in the world include LCY Biosciences (BioAmber), Reverdia, Nippon Shokubai, Shandong Feiyang, etc. The top five manufacturers account for about 70% of the global market share.
LP Information, Inc. (LPI) ' newest research report, the “Petro-based Succinic Acid Industry Forecast” looks at past sales and reviews total world Petro-based Succinic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected Petro-based Succinic Acid sales for 2025 through 2031. With Petro-based Succinic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Petro-based Succinic Acid industry.
This Insight Report provides a comprehensive analysis of the global Petro-based Succinic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Petro-based Succinic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Petro-based Succinic Acid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Petro-based Succinic Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Petro-based Succinic Acid.
This report presents a comprehensive overview, market shares, and growth opportunities of Petro-based Succinic Acid market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Industrial Grade
Pharmaceutical Grade
Food Grade
Other Grade
Segmentation by Application:
Pharmaceutical Industry
Chemical and Solvent
Food & Beverage
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology
Shandong Landian Biological Technology
Shanghai Shenren Fine Chemical
Weinan Huifeng
Key Questions Addressed in this Report
What is the 10-year outlook for the global Petro-based Succinic Acid market?
What factors are driving Petro-based Succinic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Petro-based Succinic Acid market opportunities vary by end market size?
How does Petro-based Succinic Acid break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
100 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Petro-based Succinic Acid by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Petro-based Succinic Acid by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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