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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

As per analysis, the US succinic acid market is projected to grow from USD 35.98 Million in 2025 to USD 60.99 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.42% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US succinic acid market is poised for growth driven by sustainability and technological advancements.

  • The demand for biodegradable products is rising, indicating a shift towards eco-friendly solutions in the succinic acid market.
  • Technological advancements in production processes are enhancing efficiency and reducing costs, thereby supporting market expansion.
  • The automotive segment remains the largest consumer of succinic acid, while the electronics segment is experiencing the fastest growth.
  • Key market drivers include growing applications in various industries and rising consumer awareness of sustainability.

Market Size & Forecast

2024 Market Size 34.12 (USD Million)
2035 Market Size 60.99 (USD Million)
CAGR (2025 - 2035) 5.42%

Major Players

Mitsubishi Chemical Corporation (JP), BASF SE (DE), Myriant Corporation (US), Reverdia (NL), Succinity GmbH (DE), BioAmber Inc. (US), Genomatica Inc. (US), Dairen Chemical Corporation (TW)

US Succinic Acid Market Trends

The US succinic acid market is currently experiencing a notable transformation, driven by increasing demand across various sectors. This organic compound, utilized in the production of biodegradable plastics, solvents, and pharmaceuticals, appears to be gaining traction due to its eco-friendly attributes. The growing emphasis on sustainability and the shift towards renewable resources are likely influencing manufacturers to explore succinic acid as a viable alternative to petroleum-based products. Furthermore, the expansion of the bioplastics industry in the United States suggests a promising future for succinic acid applications, as companies seek to align with environmental regulations and consumer preferences for greener products. In addition, the US succinic acid market seems to be benefiting from advancements in production technologies. Innovations in fermentation processes and the utilization of renewable feedstocks may enhance the efficiency and cost-effectiveness of succinic acid production. This could potentially lead to increased availability and lower prices, making it more accessible for various applications. As industries continue to prioritize sustainability, the US succinic acid market is poised for growth, with opportunities for new entrants and established players alike to capitalize on the evolving landscape of bio-based chemicals.

Rising Demand for Biodegradable Products

The US succinic acid market is witnessing a surge in demand for biodegradable products, particularly in the packaging and consumer goods sectors. This trend is largely driven by heightened consumer awareness regarding environmental issues and the push for sustainable alternatives to traditional plastics.

Technological Advancements in Production

Innovations in production technologies, particularly fermentation processes, are transforming the US succinic acid market. These advancements may lead to more efficient production methods, potentially reducing costs and increasing the availability of succinic acid for various applications.

Regulatory Support for Sustainable Chemicals

The US government appears to be increasingly supportive of sustainable chemical production, including succinic acid. Regulatory frameworks and incentives aimed at promoting bio-based chemicals may further stimulate growth in the US succinic acid market, encouraging investment and innovation.

Market Segment Insights

By Application: Solvents (Largest) vs. Plasticizers (Fastest-Growing)

In the US succinic acid market, application segments reveal significant diversity. Solvents hold the largest market share, favored for their effectiveness in various industrial applications. Conversely, plasticizers are rapidly gaining traction, driven by increasing demand in the production of flexible plastics, which marks them as the fastest-growing segment within this market. Food additives and pharmaceuticals also contribute notably to the market, but they do not match the share or growth rate of solvents and plasticizers.

Plasticizers (Dominant) vs. Pharmaceuticals (Emerging)

Plasticizers, as a dominant segment in the US succinic acid market, are crucial for enhancing the flexibility and durability of various materials. This segment faces growing demand due to the rise in applications in PVC products and other polymers, underpinned by an emphasis on sustainability and eco-friendly formulations. In contrast, the pharmaceutical segment is emerging, influenced by the increasing exploration of succinic acid for drug formulation and the development of biopharmaceuticals. The pharmaceutical industry’s focus on innovative and biodegradable compounds positions it as a noteworthy contender for future growth.

By End Use: Automotive (Largest) vs. Electronics (Fastest-Growing)

In the US succinic acid market, the end use segment displays varied applications across automotive, construction, consumer goods, agriculture, and electronics. Automotive stands out as the largest segment, driven by its extensive use in manufacturing and as a precursor in the production of various automotive components. Conversely, electronics is emerging as a significant segment, rapidly capturing market attention due to its application in electronic devices and components. Growth trends indicate that while automotive continues to hold a strong market share, the electronics segment is witnessing an accelerated growth trajectory. Key drivers for this growth include increasing demand for eco-friendly materials in electronics and innovations in technology that promote the use of succinic acid as a green alternative. Consumer preferences for sustainable products also push the electronics market forward, making it a vital area for investment and development.

Automotive: Dominant vs. Electronics: Emerging

The automotive segment remains dominant in the US succinic acid market, leveraging extensive applications in parts manufacturing and coatings, where succinic acid is favored for its bio-based properties and performance characteristics. This segment benefits from the automotive industry's push towards lightweight, eco-friendly materials, enhancing fuel efficiency and reducing emissions. On the other hand, the electronics segment is emerging as a critical player. As consumer electronics evolve, the demand for succinic acid in various components grows, particularly in circuit boards and batteries where it's valued for its environmentally friendly profile. This shift towards greener electronics coupled with technological advancements positions the electronics segment for rapid growth, appealing to manufacturers and consumers interested in sustainable solutions.

By Production Method: Biobased (Largest) vs. Chemical Synthesis (Fastest-Growing)

In the US succinic acid market, the production method segments reveal a diverse landscape. Biobased production stands out as the dominant method, showcasing significant market share due to its sustainable appeal and eco-friendly characteristics. Chemical synthesis follows as a noteworthy method but is experiencing rapid growth, largely driven by advancements in chemical engineering that allow for more efficient processes and outputs. The prominence of biobased production is fueled by increasing consumer demand for green products, while chemical synthesis is benefitting from industrial shifts towards more versatile production methods. As the market continues to evolve, the trends indicate a robust shift towards sustainable production methods, balancing growth with environmental concerns. Biobased succinic acid, in particular, is leveraging the regulatory landscape favoring reduced carbon footprints. Conversely, chemical synthesis is anticipated to grow faster, with innovations in catalysis and process optimization opening new manufacturing avenues, ultimately driving supply and versatility in product applications.

Biobased (Dominant) vs. Chemical Synthesis (Emerging)

Biobased production of succinic acid is characterized by its reliance on renewable resources such as plant materials, aligning with the growing trend towards sustainability. This method is not only environmentally friendly but also taps into an increasing market demand for bio-based chemicals. The biobased sector continues to dominate due to its established supply chains and ongoing investments in innovation. In contrast, chemical synthesis, although emerging, is rapidly growing due to its ability to deliver succinic acid with precise molecular characteristics and high purity levels. This method allows for flexibility in production, making it attractive for a broad range of industrial applications, including biodegradable plastics and pharmaceuticals. As technology progresses, chemical synthesis could potentially bridge the gap with biobased production, enhancing overall market competitiveness.

By Purity Level: Industrial Grade (Largest) vs. Pharmaceutical Grade (Fastest-Growing)

In the US succinic acid market, the distribution of market share across purity levels showcases a clear dominance of Industrial Grade, accounting for a substantial portion of the total volume. This segment is favored in manufacturing processes due to its versatility and cost-effectiveness. Following closely, the Food Grade and Technical Grade segments also contribute significantly, but with a smaller share than Industrial Grade. Pharmaceutical Grade, while currently a smaller segment, is gaining traction and showing notable potential for growth.

Industrial Grade (Dominant) vs. Pharmaceutical Grade (Emerging)

The Industrial Grade segment of succinic acid is characterized by its widespread application in various industrial processes, particularly in the production of solvents, coatings, and plastics. This segment benefits from established supply chains and a broad customer base, positioning it as the dominant player in the market. In contrast, the Pharmaceutical Grade of succinic acid is emerging as a significant contender, driven by the increasing demand for high-purity chemical ingredients in drug formulation. This segment is poised for rapid growth, fueled by advancements in pharmaceutical manufacturing and the rising focus on health and wellness.

By Formulation Type: Liquid (Largest) vs. Powder (Fastest-Growing)

In the US succinic acid market, the formulation type segment is characterized by a diverse array of options, with liquid formulations leading the market share. This dominance is attributed to their high compatibility with industrial applications, particularly in the production of biodegradable plastics and solvents. Solid formulations follow, but they hold less market share due to limited applications compared to their liquid counterparts. Powder and granular forms, while important, occupy niche roles in specific chemical manufacturing processes, collectively representing a smaller segment of the overall market. Growth trends within the formulation type segment highlight a surge in interest toward powdered succinic acid, which is being recognized as the fastest-growing formulation. This increase is driven by the rising demand for eco-friendly alternatives and the expansion of the chemical industry focusing on sustainable practices. As manufacturers innovate and introduce more applications for powdered and granular succinic acid, this segment is expected to gain traction, appealing to industries looking for versatile and environmentally friendly options.

Liquid (Dominant) vs. Powder (Emerging)

Liquid succinic acid formulations dominate the US market due to their exceptional versatility and high efficiency in a wide range of applications. They are preferred in various industries, including pharmaceuticals and agriculture, where they serve as essential building blocks for producing biodegradable materials. On the other hand, powdered succinic acid emerges as a significant player, characterized by its purity and ease of use in specialized industries such as chemical synthesis and food preservation. This emerging segment is appealing to manufacturers seeking eco-conscious options, thus driving innovation and expanding its market presence. Together, these formulations reflect the evolving landscape of the USP market, balancing traditional uses with contemporary sustainable practices.

Get more detailed insights about US Succinic Acid Market

Key Players and Competitive Insights

The succinic acid market exhibits a dynamic competitive landscape characterized by a blend of innovation, sustainability, and strategic partnerships. Key players such as Mitsubishi Chemical Corporation (Japan), BASF SE (Germany), and Myriant Corporation (US) are at the forefront, each adopting distinct strategies to enhance their market presence. Mitsubishi Chemical Corporation (Japan) focuses on expanding its production capabilities through technological advancements, while BASF SE (Germany) emphasizes sustainability in its operations, aiming to reduce carbon emissions associated with succinic acid production. Myriant Corporation (US) appears to be leveraging its proprietary fermentation technology to optimize production efficiency, thereby positioning itself as a leader in bio-based succinic acid solutions. Collectively, these strategies contribute to a competitive environment that is increasingly driven by innovation and sustainability initiatives.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure is moderately fragmented, with several players vying for market share. This fragmentation allows for a diverse range of products and innovations, although the influence of major players like BASF SE (Germany) and Mitsubishi Chemical Corporation (Japan) remains substantial. Their ability to adapt to changing market demands and regulatory landscapes is crucial in shaping the competitive dynamics.

In November 2025, BASF SE (Germany) announced a partnership with a leading biotechnology firm to develop a new bioprocess for succinic acid production. This collaboration is expected to enhance BASF's sustainability profile and reduce production costs, aligning with the growing demand for eco-friendly chemicals. The strategic importance of this partnership lies in its potential to position BASF as a pioneer in sustainable succinic acid production, thereby attracting environmentally conscious consumers and businesses.

In October 2025, Myriant Corporation (US) launched a new line of bio-based succinic acid products aimed at the automotive sector. This strategic move is significant as it not only diversifies Myriant's product offerings but also taps into the increasing demand for sustainable materials in automotive manufacturing. By aligning its products with industry trends, Myriant is likely to enhance its competitive edge and market share.

In December 2025, Genomatica Inc. (US) unveiled a new technology platform designed to improve the efficiency of succinic acid production through advanced fermentation techniques. This innovation is poised to reduce production costs and increase yield, which could significantly impact Genomatica's market position. The introduction of such technologies indicates a broader trend towards digitalization and automation within the industry, reflecting a shift towards more efficient and sustainable production methods.

As of December 2025, the competitive trends in the succinic acid market are increasingly defined by digitalization, sustainability, and strategic alliances. Companies are forming partnerships to leverage complementary strengths, thereby enhancing their innovation capabilities. The competitive landscape is evolving from a focus on price-based competition to one that prioritizes technological advancements and supply chain reliability. This shift suggests that future differentiation will hinge on the ability to innovate and adapt to emerging market demands.

Key Companies in the US Succinic Acid Market market include

Future Outlook

US Succinic Acid Market Future Outlook

The US succinic acid market is projected to grow at a 5.42% CAGR from 2024 to 2035, driven by increasing demand in bioplastics, pharmaceuticals, and food additives.

New opportunities lie in:

  • Expansion into biobased succinic acid production facilities
  • Development of biodegradable packaging solutions using succinic acid
  • Strategic partnerships with pharmaceutical companies for specialty applications

By 2035, the succinic acid market is expected to achieve robust growth and diversification.

Market Segmentation

US Succinic Acid Market End Use Outlook

  • Automotive
  • Construction
  • Consumer Goods
  • Agriculture
  • Electronics

US Succinic Acid Market Application Outlook

  • Solvents
  • Plasticizers
  • Food Additives
  • Pharmaceuticals
  • Biodegradable Polymers

US Succinic Acid Market Purity Level Outlook

  • Industrial Grade
  • Food Grade
  • Pharmaceutical Grade
  • Technical Grade

US Succinic Acid Market Formulation Type Outlook

  • Liquid
  • Solid
  • Powder
  • Granular

US Succinic Acid Market Production Method Outlook

  • Biobased
  • Chemical Synthesis
  • Fermentation
  • Catalytic Process
  • Hydrolysis

Report Scope

MARKET SIZE 202434.12(USD Million)
MARKET SIZE 202535.98(USD Million)
MARKET SIZE 203560.99(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.42% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledMitsubishi Chemical Corporation (JP), BASF SE (DE), Myriant Corporation (US), Reverdia (NL), Succinity GmbH (DE), BioAmber Inc. (US), Genomatica Inc. (US), Dairen Chemical Corporation (TW)
Segments CoveredApplication, End Use, Production Method, Purity Level, Formulation Type
Key Market OpportunitiesGrowing demand for bio-based succinic acid in sustainable packaging and automotive applications.
Key Market DynamicsRising demand for bio-based succinic acid driven by sustainability initiatives and regulatory support in the US.
Countries CoveredUS

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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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