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US Succinic Acid Market

ID: MRFR/CnM/18824-HCR
100 Pages
Garvit Vyas
October 2025

US Succinic Acid Market

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US Succinic Acid Market Summary

The US Succinic Acid Market is projected to grow significantly from 450 USD Million in 2024 to 1200 USD Million by 2035.

Key Market Trends & Highlights

US Succinic Acid Market Key Trends and Highlights

  • The market is expected to experience a compound annual growth rate of 9.33 percent from 2025 to 2035.
  • By 2035, the market valuation is anticipated to reach 1200 USD Million, indicating robust growth potential.
  • In 2024, the market is valued at 450 USD Million, reflecting a strong foundation for future expansion.
  • Growing adoption of bio-based chemicals due to increasing environmental awareness is a major market driver.

Market Size & Forecast

2024 Market Size 450 (USD Million)
2035 Market Size 1200 (USD Million)
CAGR (2025 - 2035) 9.33%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Succinic Acid Market market include

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FAQs

What is the expected market size of the US Succinic Acid Market in 2024?

The US Succinic Acid Market is expected to be valued at 34.13 million USD in 2024.

What will be the market size of the US Succinic Acid Market by 2035?

By 2035, the US Succinic Acid Market is anticipated to reach a valuation of 65.14 million USD.

What is the expected compound annual growth rate (CAGR) for the US Succinic Acid Market from 2025 to 2035?

The market is projected to grow at a CAGR of 6.052% between 2025 and 2035.

Which grades of succinic acid are expected to generate significant revenue in 2024?

In 2024, the industrial grade is expected to be valued at 12.0 million USD, while food and pharmaceutical grades are expected to generate 10.0 million USD and 8.0 million USD, respectively.

What is the projected market value for the industrial grade of succinic acid by 2035?

The industrial grade of succinic acid is anticipated to grow to 24.0 million USD by 2035.

Who are the key players in the US Succinic Acid Market?

Major players include Richmond Chemical, BASF, Mitsubishi Chemical, and Cargill, among others.

What is the expected market size for the food grade of succinic acid in 2035?

The food grade of succinic acid is expected to reach 19.5 million USD by 2035.

How much revenue is projected for the pharmaceutical grade of succinic acid in 2035?

The pharmaceutical grade is anticipated to grow to 15.5 million USD by 2035.

What challenges might impact the growth of the US Succinic Acid Market?

Challenges could include fluctuations in raw material prices and competition from alternative products.

How are current market trends likely to influence the US Succinic Acid Market through 2035?

Emerging trends in bio-based products and increased demand in pharmaceuticals and food applications are likely to drive market growth.

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