How big is the bio succinic acid market?

The global bio-succinic acid market size was valued at USD 126.04 million in 2023 and is expected to reach USD 137.27 million in 2024.

What is the bio-succinic acid market growth?

The global bio-succinic acid market is anticipated to grow at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2030 to reach USD 272.36 million by 2030.

Which segment accounted for the largest bio-succinic acid market share?

1,4-Butanediol (BDO) application type dominated the market with a revenue share of 34.50% in 2023. This is attributed to the high demand for the product in the market in the production of various products like polyurethane, tetrahydrofuran, and polybutylene among many such other products.

Who are the key players in the bio-succinic acid market?

Some prominent players in the bio-succinic acid market include BASF SE, DSM, Roquette Freres, GC Innovation America, Kawasaki Kasei Chemicals, Mitsui & Co., Ltd, Mitsubishi Chemical Corporation