PUBLISHER: KBV Research | PRODUCT CODE: 1410400
PUBLISHER: KBV Research | PRODUCT CODE: 1410400
Europe Succinic Acid Market Size, Share & Trends Analysis Report By Type, By End-use, By Country and Growth Forecast, 2023 - 2030
The Europe Succinic Acid Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 24,696.9 tonnes, showcasing a growth of 8.1% (2019-2022).
Alpha, omega-dicarboxylic acid is produced when the methyl groups of butane are oxidized to the carboxyl group. Petro-based SA is composed of this acid. The bio-based variant is produced through the fermentation of carbohydrates. The substantial carbon dioxide (CO2) emissions are a primary concern for regulatory bodies in numerous developed nations. As a consequence, consumer preferences have shifted toward products derived from organic and bio-based sources. The environmental friendliness of bio-succinic acid is anticipated to contribute positively to the expansion of this market in the coming years. Numerous multinational corporations attempt to gain a competitive edge through capacity expansions, partnerships, joint ventures, and a robust product portfolio and distribution network, among other business strategies. As a result, the market is extremely competitive.
It finds extensive use in the food and beverage sector as an acidity regulator and flavor enhancer. Its inclusion in various food products, such as confectionery, beverages, and baked goods, contributes to flavor stability and shelf-life extension. The pharmaceutical sector utilizes succinic acid in the formulation of drugs and medicines. Its compatibility with active pharmaceutical ingredients (APIs) and its role as a pH regulator make it a valuable component in pharmaceutical formulations. It serves as a building block for synthesizing biodegradable polymers and resins. Polybutylene succinate (PBS) and polybutylene succinate-co-adipate (PBSA) are examples of biopolymers derived from succinic acid, offering sustainable alternatives to traditional petroleum-based plastics.
Germany has stringent environmental regulations and standards, encouraging the coatings industry to adopt sustainable practices. As a bio-based and renewable ingredient, it can help coatings manufacturers meet regulatory requirements and contribute to sustainable production. The coatings industry in Germany can leverage succinic acid to enhance the sustainability profile of polyurethane-based coatings. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $40,872.4 Thousands by 2030. The UK market is exhibiting a CAGR of 7.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9.5% during (2023 - 2030).
Based on Type, the market is segmented into Petro-based, and Bio-based. Based on End-use, the market is segmented into Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- BASF SE
- Parchem - Fine & Specialty Chemicals
- The Dow Chemical Company
- Mitsubishi Chemical Holdings Corporation
- Nippon Shokubai Co., Ltd.
- Roquette Freres SA
- Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
- The Chemical Company
- Ernesto Ventos S.A.
- Anhui Sunsing Chemicals Co., Ltd.
Europe Succinic Acid Market Report Segmentation
By Type (Volume, Tonnes, USD Million, 2019-2030)
- Petro-based
- Bio-based
By End-use (Volume, Tonnes, USD Million, 2019-2030)
- Industrial
- Food & Beverages
- Coatings
- Pharmaceutical
- Personal Care & Cosmetics
- Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Succinic Acid Market, by Type
- 1.4.2 Europe Succinic Acid Market, by End-use
- 1.4.3 Europe Succinic Acid Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter's Five Forces Analysis
Chapter 4. Europe Succinic Acid Market by Type
- 4.1 Europe Petro-based Market by Country
- 4.2 Europe Bio-based Market by Country
Chapter 5. Europe Succinic Acid Market by End-use
- 5.1 Europe Industrial Market by Country
- 5.2 Europe Food & Beverages Market by Country
- 5.3 Europe Coatings Market by Country
- 5.4 Europe Pharmaceutical Market by Country
- 5.5 Europe Personal Care & Cosmetics Market by Country
- 5.6 Europe Others Market by Country
Chapter 6. Europe Succinic Acid Market by Country
- 6.1 Germany Succinic Acid Market
- 6.1.1 Germany Succinic Acid Market by Type
- 6.1.2 Germany Succinic Acid Market by End-use
- 6.2 UK Succinic Acid Market
- 6.2.1 UK Succinic Acid Market by Type
- 6.2.2 UK Succinic Acid Market by End-use
- 6.3 France Succinic Acid Market
- 6.3.1 France Succinic Acid Market by Type
- 6.3.2 France Succinic Acid Market by End-use
- 6.4 Russia Succinic Acid Market
- 6.4.1 Russia Succinic Acid Market by Type
- 6.4.2 Russia Succinic Acid Market by End-use
- 6.5 Spain Succinic Acid Market
- 6.5.1 Spain Succinic Acid Market by Type
- 6.5.2 Spain Succinic Acid Market by End-use
- 6.6 Italy Succinic Acid Market
- 6.6.1 Italy Succinic Acid Market by Type
- 6.6.2 Italy Succinic Acid Market by End-use
- 6.7 Rest of Europe Succinic Acid Market
- 6.7.1 Rest of Europe Succinic Acid Market by Type
- 6.7.2 Rest of Europe Succinic Acid Market by End-use
Chapter 7. Company Profiles
- 7.1 BASF SE
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Parchem - Fine & Specialty Chemicals
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 The Dow Chemical Company
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Mitsubishi Chemical Holdings Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 Nippon Shokubai Co., Ltd.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 SWOT Analysis
- 7.6 Roquette Freres SA
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 The Chemical Company
- 7.8.1 Company Overview
- 7.9 Ernesto Ventos S.A.
- 7.9.1 Company Overview
- 7.10. Anhui Sunsing Chemicals Co., Ltd.
- 7.10.1 Company Overview
LIST OF TABLES
- TABLE 1 Europe Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 2 Europe Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 3 Europe Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 4 Europe Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 5 Europe Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 6 Europe Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 7 Europe Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 8 Europe Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 9 Europe Petro-based Market by Country, 2019 - 2022, USD Thousands
- TABLE 10 Europe Petro-based Market by Country, 2023 - 2030, USD Thousands
- TABLE 11 Europe Petro-based Market by Country, 2019 - 2022, Tonnes
- TABLE 12 Europe Petro-based Market by Country, 2023 - 2030, Tonnes
- TABLE 13 Europe Bio-based Market by Country, 2019 - 2022, USD Thousands
- TABLE 14 Europe Bio-based Market by Country, 2023 - 2030, USD Thousands
- TABLE 15 Europe Bio-based Market by Country, 2019 - 2022, Tonnes
- TABLE 16 Europe Bio-based Market by Country, 2023 - 2030, Tonnes
- TABLE 17 Europe Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 18 Europe Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 19 Europe Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 20 Europe Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 21 Europe Industrial Market by Country, 2019 - 2022, USD Thousands
- TABLE 22 Europe Industrial Market by Country, 2023 - 2030, USD Thousands
- TABLE 23 Europe Industrial Market by Country, 2019 - 2022, Tonnes
- TABLE 24 Europe Industrial Market by Country, 2023 - 2030, Tonnes
- TABLE 25 Europe Food & Beverages Market by Country, 2019 - 2022, USD Thousands
- TABLE 26 Europe Food & Beverages Market by Country, 2023 - 2030, USD Thousands
- TABLE 27 Europe Food & Beverages Market by Country, 2019 - 2022, Tonnes
- TABLE 28 Europe Food & Beverages Market by Country, 2023 - 2030, Tonnes
- TABLE 29 Europe Coatings Market by Country, 2019 - 2022, USD Thousands
- TABLE 30 Europe Coatings Market by Country, 2023 - 2030, USD Thousands
- TABLE 31 Europe Coatings Market by Country, 2019 - 2022, Tonnes
- TABLE 32 Europe Coatings Market by Country, 2023 - 2030, Tonnes
- TABLE 33 Europe Pharmaceutical Market by Country, 2019 - 2022, USD Thousands
- TABLE 34 Europe Pharmaceutical Market by Country, 2023 - 2030, USD Thousands
- TABLE 35 Europe Pharmaceutical Market by Country, 2019 - 2022, Tonnes
- TABLE 36 Europe Pharmaceutical Market by Country, 2023 - 2030, Tonnes
- TABLE 37 Europe Personal Care & Cosmetics Market by Country, 2019 - 2022, USD Thousands
- TABLE 38 Europe Personal Care & Cosmetics Market by Country, 2023 - 2030, USD Thousands
- TABLE 39 Europe Personal Care & Cosmetics Market by Country, 2019 - 2022, Tonnes
- TABLE 40 Europe Personal Care & Cosmetics Market by Country, 2023 - 2030, Tonnes
- TABLE 41 Europe Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 42 Europe Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 43 Europe Others Market by Country, 2019 - 2022, Tonnes
- TABLE 44 Europe Others Market by Country, 2023 - 2030, Tonnes
- TABLE 45 Europe Succinic Acid Market by Country, 2019 - 2022, USD Thousands
- TABLE 46 Europe Succinic Acid Market by Country, 2023 - 2030, USD Thousands
- TABLE 47 Europe Succinic Acid Market by Country, 2019 - 2022, Tonnes
- TABLE 48 Europe Succinic Acid Market by Country, 2023 - 2030, Tonnes
- TABLE 49 Germany Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 50 Germany Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 51 Germany Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 52 Germany Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 53 Germany Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 54 Germany Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 55 Germany Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 56 Germany Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 57 Germany Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 58 Germany Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 59 Germany Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 60 Germany Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 61 UK Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 62 UK Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 63 UK Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 64 UK Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 65 UK Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 66 UK Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 67 UK Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 68 UK Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 69 UK Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 70 UK Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 71 UK Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 72 UK Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 73 France Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 74 France Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 75 France Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 76 France Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 77 France Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 78 France Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 79 France Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 80 France Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 81 France Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 82 France Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 83 France Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 84 France Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 85 Russia Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 86 Russia Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 87 Russia Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 88 Russia Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 89 Russia Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 90 Russia Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 91 Russia Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 92 Russia Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 93 Russia Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 94 Russia Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 95 Russia Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 96 Russia Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 97 Spain Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 98 Spain Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 99 Spain Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 100 Spain Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 101 Spain Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 102 Spain Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 103 Spain Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 104 Spain Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 105 Spain Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 106 Spain Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 107 Spain Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 108 Spain Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 109 Italy Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 110 Italy Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 111 Italy Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 112 Italy Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 113 Italy Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 114 Italy Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 115 Italy Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 116 Italy Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 117 Italy Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 118 Italy Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 119 Italy Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 120 Italy Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 121 Rest of Europe Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 122 Rest of Europe Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 123 Rest of Europe Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 124 Rest of Europe Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 125 Rest of Europe Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 126 Rest of Europe Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 127 Rest of Europe Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 128 Rest of Europe Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 129 Rest of Europe Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 130 Rest of Europe Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 131 Rest of Europe Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 132 Rest of Europe Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 133 Key Information - BASF SE
- TABLE 134 Key Information - Parchem - fine & specialty chemicals
- TABLE 135 Key Information - The Dow Chemical Company
- TABLE 136 Key Information - MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- TABLE 137 Key Information - Nippon Shokubai Co., Ltd.
- TABLE 138 Key Information - Roquette Freres SA
- TABLE 139 Key Information - spectrum chemical mfg.corp
- TABLE 140 Key Information - The Chemical Company
- TABLE 141 Key Information - Ernesto Ventos S.A.
- TABLE 142 Key Information - Anhui Sunsing Chemicals CO., LTD.
