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PUBLISHER: KBV Research | PRODUCT CODE: 1410402
PUBLISHER: KBV Research | PRODUCT CODE: 1410402
LAMEA Succinic Acid Market Size, Share & Trends Analysis Report By Type (Petro-based, and Bio-based), By End-use (Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others), By Country and Growth Forecast, 2023 - 2030
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The Latin America, Middle East and Africa Succinic Acid Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 15,067.8 tonnes, showcasing a growth of 11.6% (2023-2030).
Succinic acid production depends on the availability and cost of raw materials, such as glucose, starch, and molasses. Changes in raw material costs can impact the overall cost of succinic acid production, influencing market dynamics. Stringent environmental sustainability and product safety regulations significantly impact the market. Market players must comply with regulatory standards to ensure product acceptance and market access. Economic conditions and market trends influence the adoption of succinic acid in various industries. Factors such as GDP growth, consumer spending patterns, and overall market stability can affect the demand for succinic acid.
The market is characterized by key players competing for market share. Strategies like mergers and acquisitions, product inventions, and strategic partnerships are crucial in shaping the competitive landscape. Continuous advancements in production technologies, including bio-based processes and green chemistry, directly impact the market. Innovations in fermentation techniques and downstream processing contribute to increased efficiency and reduced environmental impact.
As South Africa invests in infrastructure development, it may find applications in construction materials, adhesives, and coatings used in building projects. Its corrosion inhibition properties make it valuable for applications in water treatment. As industries in South Africa focus on efficient water usage, it can play a role in corrosion prevention. The increasing demand for plastic products in South Africa, particularly in construction and packaging, enhances the market potential for succinic acid. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,895 Thousands by 2030. The Argentina market is showcasing a CAGR of 12.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA 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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Succinic Acid Market, by Type
- 1.4.2 LAMEA Succinic Acid Market, by End-use
- 1.4.3 LAMEA 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. LAMEA Succinic Acid Market by Type
- 4.1 LAMEA Petro-based Market by Country
- 4.2 LAMEA Bio-based Market by Country
Chapter 5. LAMEA Succinic Acid Market by End-use
- 5.1 LAMEA Industrial Market by Country
- 5.2 LAMEA Food & Beverages Market by Country
- 5.3 LAMEA Coatings Market by Country
- 5.4 LAMEA Pharmaceutical Market by Country
- 5.5 LAMEA Personal Care & Cosmetics Market by Country
- 5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Succinic Acid Market by Country
- 6.1 Brazil Succinic Acid Market
- 6.1.1 Brazil Succinic Acid Market by Type
- 6.1.2 Brazil Succinic Acid Market by End-use
- 6.2 Argentina Succinic Acid Market
- 6.2.1 Argentina Succinic Acid Market by Type
- 6.2.2 Argentina Succinic Acid Market by End-use
- 6.3 UAE Succinic Acid Market
- 6.3.1 UAE Succinic Acid Market by Type
- 6.3.2 UAE Succinic Acid Market by End-use
- 6.4 Saudi Arabia Succinic Acid Market
- 6.4.1 Saudi Arabia Succinic Acid Market by Type
- 6.4.2 Saudi Arabia Succinic Acid Market by End-use
- 6.5 South Africa Succinic Acid Market
- 6.5.1 South Africa Succinic Acid Market by Type
- 6.5.2 South Africa Succinic Acid Market by End-use
- 6.6 Nigeria Succinic Acid Market
- 6.6.1 Nigeria Succinic Acid Market by Type
- 6.6.2 Nigeria Succinic Acid Market by End-use
- 6.7 Rest of LAMEA Succinic Acid Market
- 6.7.1 Rest of LAMEA Succinic Acid Market by Type
- 6.7.2 Rest of LAMEA 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 LAMEA Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 2 LAMEA Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 3 LAMEA Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 4 LAMEA Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 5 LAMEA Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 6 LAMEA Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 7 LAMEA Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 8 LAMEA Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 9 LAMEA Petro-based Market by Country, 2019 - 2022, USD Thousands
- TABLE 10 LAMEA Petro-based Market by Country, 2023 - 2030, USD Thousands
- TABLE 11 LAMEA Petro-based Market by Country, 2019 - 2022, Tonnes
- TABLE 12 LAMEA Petro-based Market by Country, 2023 - 2030, Tonnes
- TABLE 13 LAMEA Bio-based Market by Country, 2019 - 2022, USD Thousands
- TABLE 14 LAMEA Bio-based Market by Country, 2023 - 2030, USD Thousands
- TABLE 15 LAMEA Bio-based Market by Country, 2019 - 2022, Tonnes
- TABLE 16 LAMEA Bio-based Market by Country, 2023 - 2030, Tonnes
- TABLE 17 LAMEA Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 18 LAMEA Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 19 LAMEA Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 20 LAMEA Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 21 LAMEA Industrial Market by Country, 2019 - 2022, USD Thousands
- TABLE 22 LAMEA Industrial Market by Country, 2023 - 2030, USD Thousands
- TABLE 23 LAMEA Industrial Market by Country, 2019 - 2022, Tonnes
- TABLE 24 LAMEA Industrial Market by Country, 2023 - 2030, Tonnes
- TABLE 25 LAMEA Food & Beverages Market by Country, 2019 - 2022, USD Thousands
- TABLE 26 LAMEA Food & Beverages Market by Country, 2023 - 2030, USD Thousands
- TABLE 27 LAMEA Food & Beverages Market by Country, 2019 - 2022, Tonnes
- TABLE 28 LAMEA Food & Beverages Market by Country, 2023 - 2030, Tonnes
- TABLE 29 LAMEA Coatings Market by Country, 2019 - 2022, USD Thousands
- TABLE 30 LAMEA Coatings Market by Country, 2023 - 2030, USD Thousands
- TABLE 31 LAMEA Coatings Market by Country, 2019 - 2022, Tonnes
- TABLE 32 LAMEA Coatings Market by Country, 2023 - 2030, Tonnes
- TABLE 33 LAMEA Pharmaceutical Market by Country, 2019 - 2022, USD Thousands
- TABLE 34 LAMEA Pharmaceutical Market by Country, 2023 - 2030, USD Thousands
- TABLE 35 LAMEA Pharmaceutical Market by Country, 2019 - 2022, Tonnes
- TABLE 36 LAMEA Pharmaceutical Market by Country, 2023 - 2030, Tonnes
- TABLE 37 LAMEA Personal Care & Cosmetics Market by Country, 2019 - 2022, USD Thousands
- TABLE 38 LAMEA Personal Care & Cosmetics Market by Country, 2023 - 2030, USD Thousands
- TABLE 39 LAMEA Personal Care & Cosmetics Market by Country, 2019 - 2022, Tonnes
- TABLE 40 LAMEA Personal Care & Cosmetics Market by Country, 2023 - 2030, Tonnes
- TABLE 41 LAMEA Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 42 LAMEA Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 43 LAMEA Others Market by Country, 2019 - 2022, Tonnes
- TABLE 44 LAMEA Others Market by Country, 2023 - 2030, Tonnes
- TABLE 45 LAMEA Succinic Acid Market by Country, 2019 - 2022, USD Thousands
- TABLE 46 LAMEA Succinic Acid Market by Country, 2023 - 2030, USD Thousands
- TABLE 47 LAMEA Succinic Acid Market by Country, 2019 - 2022, Tonnes
- TABLE 48 LAMEA Succinic Acid Market by Country, 2023 - 2030, Tonnes
- TABLE 49 Brazil Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 50 Brazil Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 51 Brazil Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 52 Brazil Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 53 Brazil Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 54 Brazil Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 55 Brazil Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 56 Brazil Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 57 Brazil Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 58 Brazil Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 59 Brazil Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 60 Brazil Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 61 Argentina Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 62 Argentina Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 63 Argentina Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 64 Argentina Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 65 Argentina Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 66 Argentina Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 67 Argentina Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 68 Argentina Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 69 Argentina Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 70 Argentina Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 71 Argentina Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 72 Argentina Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 73 UAE Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 74 UAE Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 75 UAE Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 76 UAE Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 77 UAE Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 78 UAE Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 79 UAE Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 80 UAE Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 81 UAE Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 82 UAE Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 83 UAE Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 84 UAE Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 85 Saudi Arabia Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 86 Saudi Arabia Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 87 Saudi Arabia Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 88 Saudi Arabia Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 89 Saudi Arabia Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 90 Saudi Arabia Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 91 Saudi Arabia Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 92 Saudi Arabia Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 93 Saudi Arabia Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 94 Saudi Arabia Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 95 Saudi Arabia Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 96 Saudi Arabia Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 97 South Africa Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 98 South Africa Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 99 South Africa Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 100 South Africa Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 101 South Africa Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 102 South Africa Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 103 South Africa Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 104 South Africa Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 105 South Africa Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 106 South Africa Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 107 South Africa Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 108 South Africa Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 109 Nigeria Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 110 Nigeria Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 111 Nigeria Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 112 Nigeria Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 113 Nigeria Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 114 Nigeria Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 115 Nigeria Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 116 Nigeria Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 117 Nigeria Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 118 Nigeria Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 119 Nigeria Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 120 Nigeria Succinic Acid Market by End-use, 2023 - 2030, Tonnes
- TABLE 121 Rest of LAMEA Succinic Acid Market, 2019 - 2022, USD Thousands
- TABLE 122 Rest of LAMEA Succinic Acid Market, 2023 - 2030, USD Thousands
- TABLE 123 Rest of LAMEA Succinic Acid Market, 2019 - 2022, Tonnes
- TABLE 124 Rest of LAMEA Succinic Acid Market, 2023 - 2030, Tonnes
- TABLE 125 Rest of LAMEA Succinic Acid Market by Type, 2019 - 2022, USD Thousands
- TABLE 126 Rest of LAMEA Succinic Acid Market by Type, 2023 - 2030, USD Thousands
- TABLE 127 Rest of LAMEA Succinic Acid Market by Type, 2019 - 2022, Tonnes
- TABLE 128 Rest of LAMEA Succinic Acid Market by Type, 2023 - 2030, Tonnes
- TABLE 129 Rest of LAMEA Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
- TABLE 130 Rest of LAMEA Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
- TABLE 131 Rest of LAMEA Succinic Acid Market by End-use, 2019 - 2022, Tonnes
- TABLE 132 Rest of LAMEA 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.
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