Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 79 Pages
Report ld: 4197964
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Petro-based Succinic Acid Market Size(US$)

CAGR 2025-2031
6.2%
Market Size,2031
USD 85.7
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Petro-based Succinic Acid market size was US$ 56.6 million in 2024 and is forecast to a readjusted size of US$ 85.7 million by 2031 with a CAGR of 6.2% during the forecast period 2025-2031.
Succinic acid (also known as butanedioic acid) is a naturally occurring dicarboxylic acid that is used in various industrial applications, including the production of plastics, resins, solvents, and as an intermediate in the synthesis of other chemicals like 1,4-butanediol. Petro-based succinic acid refers to succinic acid produced from fossil fuels, specifically petroleum or natural gas, as opposed to bio-based or renewable sources like plant biomass.
The traditional petrochemical production of succinic acid typically involves the hydrogenation of maleic anhydride, which is derived from naphtha (a component of petroleum). This petrochemical process is often more energy-intensive and environmentally impactful compared to bio-based production methods. Petro-based succinic acid remains the dominant method for large-scale production, though bio-based routes are gaining in prominence.
The global demand for succinic acid is driven by industries such as plastics, automotive, pharmaceuticals, and food and beverages. Succinic acid is used in the production of biodegradable plastics (e.g., polybutylene succinate), solvents, detergents, and as an additive in food and pharmaceutical formulations. The automotive and bioplastics sectors have seen growing demand due to the shift toward sustainable alternatives to petroleum-based materials.
While petro-based succinic acid remains an important product in many industrial sectors due to its cost-effectiveness and established production infrastructure, the growing trend toward sustainability and renewable materials is pushing the market toward bio-based alternatives. As bio-based production methods improve in efficiency and scale, they could increasingly challenge petro-based succinic acid, especially in industries like bioplastics and pharmaceuticals. However, the pace of this transition will depend on technological advances, economic factors, and market demand for greener alternatives.
The core manufacturers of petro-based succinic acid in the world include LCY Biosciences (BioAmber), Reverdia, Nippon Shokubai, Shandong Feiyang, etc. The top five manufacturers account for about 70% of the global market share.
The global Petro-based Succinic Acid market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Petro-based Succinic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales and revenue of Petro-based Succinic Acid in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region.
Chapter 3: Detailed analysis of Petro-based Succinic Acid manufacturers competitive landscape, sales, revenue, price, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the sales, revenue, price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the sales, revenue, price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Region analysis by company, by customer, by Type, by Application, sales, revenue, and price for each segment,
Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Petro-based Succinic Acid revenue, gross margin, and recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales channels analysis
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Market Overview
1.1 Petro-based Succinic Acid Product Scope
1.2 Petro-based Succinic Acid by Type
1.2.1 Global Petro-based Succinic Acid Sales by Type (2020 & 2024 & 2031)
1.2.2 Industrial Grade
1.2.3 Pharmaceutical Grade
1.2.4 Food Grade
1.2.5 Other Grade
1.3 Petro-based Succinic Acid by Application
1.3.1 Global Petro-based Succinic Acid Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Pharmaceutical Industry
1.3.3 Chemical and Solvent
1.3.4 Food & Beverage
1.3.5 Others
1.4 Global Petro-based Succinic Acid Market Estimates and Forecasts (2020-2031)
1.4.1 Global Petro-based Succinic Acid Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Petro-based Succinic Acid Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Petro-based Succinic Acid Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Petro-based Succinic Acid Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Petro-based Succinic Acid Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Petro-based Succinic Acid Sales Market Share by Region (2020-2025)
2.2.2 Global Petro-based Succinic Acid Revenue Market Share by Region (2020-2025)
2.3 Global Petro-based Succinic Acid Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Petro-based Succinic Acid Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Petro-based Succinic Acid Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Petro-based Succinic Acid Market Size and Prospective (2020-2031)
2.4.2 Europe Petro-based Succinic Acid Market Size and Prospective (2020-2031)
2.4.3 China Petro-based Succinic Acid Market Size and Prospective (2020-2031)
2.4.4 Japan Petro-based Succinic Acid Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Petro-based Succinic Acid Historic Market Review by Type (2020-2025)
3.1.1 Global Petro-based Succinic Acid Sales by Type (2020-2025)
3.1.2 Global Petro-based Succinic Acid Revenue by Type (2020-2025)
3.1.3 Global Petro-based Succinic Acid Price by Type (2020-2025)
3.2 Global Petro-based Succinic Acid Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Petro-based Succinic Acid Sales Forecast by Type (2026-2031)
3.2.2 Global Petro-based Succinic Acid Revenue Forecast by Type (2026-2031)
3.2.3 Global Petro-based Succinic Acid Price Forecast by Type (2026-2031)
3.3 Different Types Petro-based Succinic Acid Representative Players
4 Global Market Size by Application
4.1 Global Petro-based Succinic Acid Historic Market Review by Application (2020-2025)
4.1.1 Global Petro-based Succinic Acid Sales by Application (2020-2025)
4.1.2 Global Petro-based Succinic Acid Revenue by Application (2020-2025)
4.1.3 Global Petro-based Succinic Acid Price by Application (2020-2025)
4.2 Global Petro-based Succinic Acid Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Petro-based Succinic Acid Sales Forecast by Application (2026-2031)
4.2.2 Global Petro-based Succinic Acid Revenue Forecast by Application (2026-2031)
4.2.3 Global Petro-based Succinic Acid Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Petro-based Succinic Acid Application
5 Competition Landscape by Players
5.1 Global Petro-based Succinic Acid Sales by Players (2020-2025)
5.2 Global Top Petro-based Succinic Acid Players by Revenue (2020-2025)
5.3 Global Petro-based Succinic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Petro-based Succinic Acid as of 2024)
5.4 Global Petro-based Succinic Acid Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Petro-based Succinic Acid, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Petro-based Succinic Acid, Product Type & Application
5.7 Global Key Manufacturers of Petro-based Succinic Acid, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Petro-based Succinic Acid Sales by Company
6.1.1.1 North America Petro-based Succinic Acid Sales by Company (2020-2025)
6.1.1.2 North America Petro-based Succinic Acid Revenue by Company (2020-2025)
6.1.2 North America Petro-based Succinic Acid Sales Breakdown by Type (2020-2025)
6.1.3 North America Petro-based Succinic Acid Sales Breakdown by Application (2020-2025)
6.1.4 North America Petro-based Succinic Acid Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Petro-based Succinic Acid Sales by Company
6.2.1.1 Europe Petro-based Succinic Acid Sales by Company (2020-2025)
6.2.1.2 Europe Petro-based Succinic Acid Revenue by Company (2020-2025)
6.2.2 Europe Petro-based Succinic Acid Sales Breakdown by Type (2020-2025)
6.2.3 Europe Petro-based Succinic Acid Sales Breakdown by Application (2020-2025)
6.2.4 Europe Petro-based Succinic Acid Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Petro-based Succinic Acid Sales by Company
6.3.1.1 China Petro-based Succinic Acid Sales by Company (2020-2025)
6.3.1.2 China Petro-based Succinic Acid Revenue by Company (2020-2025)
6.3.2 China Petro-based Succinic Acid Sales Breakdown by Type (2020-2025)
6.3.3 China Petro-based Succinic Acid Sales Breakdown by Application (2020-2025)
6.3.4 China Petro-based Succinic Acid Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Petro-based Succinic Acid Sales by Company
6.4.1.1 Japan Petro-based Succinic Acid Sales by Company (2020-2025)
6.4.1.2 Japan Petro-based Succinic Acid Revenue by Company (2020-2025)
6.4.2 Japan Petro-based Succinic Acid Sales Breakdown by Type (2020-2025)
6.4.3 Japan Petro-based Succinic Acid Sales Breakdown by Application (2020-2025)
6.4.4 Japan Petro-based Succinic Acid Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Nippon Shokubai
7.1.1 Nippon Shokubai Company Information
7.1.2 Nippon Shokubai Business Overview
7.1.3 Nippon Shokubai Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Nippon Shokubai Petro-based Succinic Acid Products Offered
7.1.5 Nippon Shokubai Recent Development
7.2 Feiyang Chemical
7.2.1 Feiyang Chemical Company Information
7.2.2 Feiyang Chemical Business Overview
7.2.3 Feiyang Chemical Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Feiyang Chemical Petro-based Succinic Acid Products Offered
7.2.5 Feiyang Chemical Recent Development
7.3 Sunsing Chemicals
7.3.1 Sunsing Chemicals Company Information
7.3.2 Sunsing Chemicals Business Overview
7.3.3 Sunsing Chemicals Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Sunsing Chemicals Petro-based Succinic Acid Products Offered
7.3.5 Sunsing Chemicals Recent Development
7.4 Jinbaoyu Technology
7.4.1 Jinbaoyu Technology Company Information
7.4.2 Jinbaoyu Technology Business Overview
7.4.3 Jinbaoyu Technology Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Jinbaoyu Technology Petro-based Succinic Acid Products Offered
7.4.5 Jinbaoyu Technology Recent Development
7.5 Shandong Landian Biological Technology
7.5.1 Shandong Landian Biological Technology Company Information
7.5.2 Shandong Landian Biological Technology Business Overview
7.5.3 Shandong Landian Biological Technology Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Shandong Landian Biological Technology Petro-based Succinic Acid Products Offered
7.5.5 Shandong Landian Biological Technology Recent Development
7.6 Shanghai Shenren Fine Chemical
7.6.1 Shanghai Shenren Fine Chemical Company Information
7.6.2 Shanghai Shenren Fine Chemical Business Overview
7.6.3 Shanghai Shenren Fine Chemical Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Shanghai Shenren Fine Chemical Petro-based Succinic Acid Products Offered
7.6.5 Shanghai Shenren Fine Chemical Recent Development
7.7 Weinan Huifeng
7.7.1 Weinan Huifeng Company Information
7.7.2 Weinan Huifeng Business Overview
7.7.3 Weinan Huifeng Petro-based Succinic Acid Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Weinan Huifeng Petro-based Succinic Acid Products Offered
7.7.5 Weinan Huifeng Recent Development
8 Petro-based Succinic Acid Manufacturing Cost Analysis
8.1 Petro-based Succinic Acid Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Petro-based Succinic Acid
8.4 Petro-based Succinic Acid Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Petro-based Succinic Acid Distributors List
9.3 Petro-based Succinic Acid Customers
10 Petro-based Succinic Acid Market Dynamics
10.1 Petro-based Succinic Acid Industry Trends
10.2 Petro-based Succinic Acid Market Drivers
10.3 Petro-based Succinic Acid Market Challenges
10.4 Petro-based Succinic Acid Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Petro-based Succinic Acid market is projected to grow from US$ 59.78 million in 2025 to US$ 90.5 million by 2032, at a CAGR of 6.2% (2026-2032), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global Petro-based Succinic Acid market is projected to grow from US$ 56.6 million in 2024 to US$ 85.7 million by 2031, at a CAGR of 6.2% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global market for Petro-based Succinic Acid was estimated to be worth US$ 56.6 million in 2024 and is forecast to a readjusted size of US$ 85.7 million by 2031 with a CAGR of 6.2% during the forecast period 2025-2031.
Published: 2025-02-24
Pages: 92
The global Petro-based Succinic Acid revenue was US$ 50.9 million in 2023 and is forecast to a readjusted size of US$ 81.2 million by 2030 with a CAGR of 6.2% during the review period (2024-2030).
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The global market for Petro-based Succinic Acid was estimated to be worth US$ 50.9 million in 2023 and is forecast to a readjusted size of US$ 81.2 million by 2030 with a CAGR of 6.2% during the forecast period 2024-2030.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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