Market Overview:
The global Petro-based Succinic Acid market is expected to grow at a CAGR of XX% and reach a value of USD XX million by 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into industrial grade, pharmaceutical grade and food grade. On the basis of application, the market is segmented into pharmaceutical industry, chemical industry, food & beverage and other applications. The North American region dominates the global Petro-based Succinic Acid market followed by Europe and Asia Pacific regions respectively.
Product Definition:
Petro-based succinic acid is a derivative of petroleum that is used in the production of plastics, resins, solvents and other chemicals. It has a wide range of applications and is considered an important industrial commodity.
Industrial Grade:
Industrial grade is the product manufactured by chemical synthesis of olefin and alkene, which are derived from crude oil. The process involves cracking of ethylene to produce olefin and then catalytic hydrocracking of the resultant olefin at high pressure and temperature. The resulting product has a purity level greater than 99%.
Succinic acid can be produced using both petroleum-based (petrochemical) as well as bio-based raw materials.
Pharmaceutical Grade:
Pharmaceutical grade is the highest qualitysuccinic acid available in the market. It has been used for producing a wide range of pharmaceutical products such as antibiotics, analgesics, anti-epileptics and anti-inflammatory drugs. Increasing demand for these products from various end-use industries such as pharmaceuticals and nutraceuticals are expected to drive this market over the forecast period.
Application Insights:
The other application segment includes paints and coatings, textile industry, leather industry, and chemical synthesis. Petro-based succinic acid has found applications in the leather industry as it is used to manufacture artificial suede. It is also used in manufacturing certain types of footwear uppers which are made from animal hide.
Petrochemical grade petrosuccinic acid is widely utilized in the pharmaceutical industry as an excipient for making tablets & pills because of its high strength and water resistance properties. These properties help prevent drug disintegration when exposed to moisture or temperature changes during storage or transportation resulting in improved shelf life of drugs coupled with better performance characteristics have led to a significant demand for this product type within the pharmaceutical sector over recent years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness significant growth owing to increasing demand for pharmaceutical products, chemical derivatives, food additives and other end-use industries. China has been a major consumer of petroleum-based succinic acid as it has huge reserves of crude oil which can be used for manufacturing this product.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 due high consumption levels in countries such as Saudi Arabia, UAE and Egypt coupled with growing exports from African countries such as South Africa, Nigeria.
Growth Factors:
- Increasing demand for succinic acid in various end-use industries such as automotive, pharmaceuticals, and food & beverage is expected to drive the market growth over the forecast period.
- Rising awareness about the benefits of succinic acid is anticipated to propel its demand in various applications including biodegradable plastics, solvents, and flavors & fragrances.
- Growing investments by key players for expansion of production capacities is projected to positively impact the market growth over the next few years.
- Stringent regulations pertaining to environmental concerns are likely to create opportunities for bio-based succinic acid manufacturers over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Petro-based Succinic Acid Market Research Report
By Type
Industrial Grade, Pharmaceutical Grade, Food Grade
By Application
Pharmaceutical Industry, Chemical Industry, Food & Beverage, Other
By Companies
Bioamber, Myriant, Kawasaki Kasei Chemicals, Linyi Lixing Chemical, Anhui Sunsing Chemicals, Mitsubishi Chemical, Succinity, Nippon Shokubai, Gadiv Petrochemical, Reverdia, Astatech, R-Biopharm, Evonik, Thyssenkrupp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Petro-based Succinic Acid Market Report Segments:
The global Petro-based Succinic Acid market is segmented on the basis of:
Types
Industrial Grade, Pharmaceutical Grade, Food Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Chemical Industry, Food & Beverage, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bioamber
- Myriant
- Kawasaki Kasei Chemicals
- Linyi Lixing Chemical
- Anhui Sunsing Chemicals
- Mitsubishi Chemical
- Succinity
- Nippon Shokubai
- Gadiv Petrochemical
- Reverdia
- Astatech
- R-Biopharm
- Evonik
- Thyssenkrupp
Highlights of The Petro-based Succinic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Pharmaceutical Grade
- Food Grade
- By Application:
- Pharmaceutical Industry
- Chemical Industry
- Food & Beverage
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Petro-based Succinic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Petro-based succinic acid is a type of succinic acid that is derived from petroleum.
Some of the major companies in the petro-based succinic acid market are Bioamber, Myriant, Kawasaki Kasei Chemicals, Linyi Lixing Chemical, Anhui Sunsing Chemicals, Mitsubishi Chemical, Succinity, Nippon Shokubai, Gadiv Petrochemical, Reverdia, Astatech, R-Biopharm, Evonik, Thyssenkrupp.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Petro-based Succinic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Petro-based Succinic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Petro-based Succinic Acid Market - Supply Chain
4.5. Global Petro-based Succinic Acid Market Forecast
4.5.1. Petro-based Succinic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Petro-based Succinic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Petro-based Succinic Acid Market Absolute $ Opportunity
5. Global Petro-based Succinic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Petro-based Succinic Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Pharmaceutical Grade
5.3.3. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Petro-based Succinic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Petro-based Succinic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Industry
6.3.2. Chemical Industry
6.3.3. Food & Beverage
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Petro-based Succinic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Petro-based Succinic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Petro-based Succinic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Petro-based Succinic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Petro-based Succinic Acid Demand Share Forecast, 2019-2026
9. North America Petro-based Succinic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Petro-based Succinic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Petro-based Succinic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Industry
9.4.2. Chemical Industry
9.4.3. Food & Beverage
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Petro-based Succinic Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Pharmaceutical Grade
9.7.3. Food Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Petro-based Succinic Acid Demand Share Forecast, 2019-2026
10. Latin America Petro-based Succinic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Petro-based Succinic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Petro-based Succinic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Industry
10.4.2. Chemical Industry
10.4.3. Food & Beverage
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Petro-based Succinic Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Pharmaceutical Grade
10.7.3. Food Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Petro-based Succinic Acid Demand Share Forecast, 2019-2026
11. Europe Petro-based Succinic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Petro-based Succinic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Petro-based Succinic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Industry
11.4.2. Chemical Industry
11.4.3. Food & Beverage
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Petro-based Succinic Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Pharmaceutical Grade
11.7.3. Food Grade
11.. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Petro-based Succinic Acid Demand Share, 2019-2026
12. Asia Pacific Petro-based Succinic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Petro-based Succinic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Petro-based Succinic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Industry
12.4.2. Chemical Industry
12.4.3. Food & Beverage
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Petro-based Succinic Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Pharmaceutical Grade
12.7.3. Food Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Petro-based Succinic Acid Demand Share, 2019-2026
13. Middle East & Africa Petro-based Succinic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Petro-based Succinic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Petro-based Succinic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Industry
13.4.2. Chemical Industry
13.4.3. Food & Beverage
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Petro-based Succinic Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Pharmaceutical Grade
13.7.3. Food Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Petro-based Succinic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Petro-based Succinic Acid Market: Market Share Analysis
14.2. Petro-based Succinic Acid Distributors and Customers
14.3. Petro-based Succinic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bioamber
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Myriant
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kawasaki Kasei Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Linyi Lixing Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Anhui Sunsing Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Succinity
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nippon Shokubai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gadiv Petrochemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Reverdia
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Astatech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. R-Biopharm
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Evonik
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Thyssenkrupp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook