Industry: Chemical & Material
Published Date: 2026-03-05
Pages: 133 Pages
Report ld: 6007037
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Petro-based Succinic Acid Market Size(US$)

CAGR 2026-2032
6.2%
Market Size,2032
USD 90.5
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Petro-based Succinic Acid market was valued at US$ 59.78 million in 2025 and is anticipated to reach US$ 90.5 million by 2032, at a CAGR of 6.2% from 2026 to 2032.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Petro-based Succinic Acid competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
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.
This report delivers a comprehensive overview of the global Petro-based Succinic Acid market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Petro-based Succinic Acid. The Petro-based Succinic Acid market size, estimates, and forecasts are provided in terms of output/shipments (Tons) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Petro-based Succinic Acid market comprehensively. Regional market sizes by Type, by Application, , and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Petro-based Succinic Acid manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Provides a detailed analysis of the competitive landscape for Petro-based Succinic Acid manufacturers, including prices, production, value-based market shares, latest development plans, and information on mergers and acquisitions.
Chapter 3: Examines Petro-based Succinic Acid production/output and value by region and country, providing a quantitative assessment of market size and growth potential for each region over the next six years.
Chapter 4: Analyzes Petro-based Succinic Acid consumption at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national production.
Chapter 5: Analyzes market segments by Type, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
Chapter 6: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
Chapter 7: Profiles key players, detailing the fundamentals of major companies, including product production/output, value, price, gross margin, product portfolio/introductions, and recent developments.
Chapter 8: Reviews the industry value chain, including upstream and downstream segments.
Chapter 9: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
Chapter 10: Summarizes the key findings 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:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Petro-based Succinic Acid Market Overview
1.1 Product Definition
1.2 Petro-based Succinic Acid by Type
1.2.1 Global Petro-based Succinic Acid Market Value Growth Rate Analysis by Type: 2025 vs 2032
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 Market Value Growth Rate Analysis by Application: 2025 vs 2032
1.3.2 Pharmaceutical Industry
1.3.3 Chemical and Solvent
1.3.4 Food & Beverage
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Petro-based Succinic Acid Production Value Estimates and Forecasts (2021–2032)
1.4.2 Global Petro-based Succinic Acid Production Capacity Estimates and Forecasts (2021–2032)
1.4.3 Global Petro-based Succinic Acid Production Estimates and Forecasts (2021–2032)
1.4.4 Global Petro-based Succinic Acid Market Average Price Estimates and Forecasts (2021–2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Petro-based Succinic Acid Production Market Share by Manufacturers (2021–2026)
2.2 Global Petro-based Succinic Acid Production Value Market Share by Manufacturers (2021–2026)
2.3 Global Key Players of Petro-based Succinic Acid, Industry Ranking, 2024 vs 2025
2.4 Global Petro-based Succinic Acid Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.5 Global Petro-based Succinic Acid Average Price by Manufacturers (2021–2026)
2.6 Global Key Manufacturers of Petro-based Succinic Acid, Manufacturing Footprints and Headquarters
2.7 Global Key Manufacturers of Petro-based Succinic Acid, Product Offerings and Applications
2.8 Global Key Manufacturers of Petro-based Succinic Acid, Date of Entry into the Industry
2.9 Petro-based Succinic Acid Market Competitive Situation and Trends
2.9.1 Petro-based Succinic Acid Market Concentration Rate
2.9.2 Top 5 and Top 10 Global Petro-based Succinic Acid Players Market Share by Revenue
2.10 Mergers & Acquisitions and Expansion
3 Petro-based Succinic Acid Production by Region
3.1 Global Petro-based Succinic Acid Production Value Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.2 Global Petro-based Succinic Acid Production Value by Region (2021–2032)
3.2.1 Global Petro-based Succinic Acid Production Value by Region (2021–2026)
3.2.2 Global Forecasted Production Value of Petro-based Succinic Acid by Region (2027–2032)
3.3 Global Petro-based Succinic Acid Production Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.4 Global Petro-based Succinic Acid Production Volume by Region (2021–2032)
3.4.1 Global Petro-based Succinic Acid Production by Region (2021–2026)
3.4.2 Global Forecasted Production of Petro-based Succinic Acid by Region (2027–2032)
3.5 Global Petro-based Succinic Acid Market Price Analysis by Region (2021–2032)
3.6 Global Petro-based Succinic Acid Production, Value, and Year-over-Year Growth
3.6.1 North America Petro-based Succinic Acid Production Value Estimates and Forecasts (2021–2032)
3.6.2 Europe Petro-based Succinic Acid Production Value Estimates and Forecasts (2021–2032)
3.6.3 China Petro-based Succinic Acid Production Value Estimates and Forecasts (2021–2032)
3.6.4 Japan Petro-based Succinic Acid Production Value Estimates and Forecasts (2021–2032)
4 Petro-based Succinic Acid Consumption by Region
4.1 Global Petro-based Succinic Acid Consumption Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
4.2 Global Petro-based Succinic Acid Consumption by Region (2021–2032)
4.2.1 Global Petro-based Succinic Acid Consumption by Region (2021–2026)
4.2.2 Global Petro-based Succinic Acid Forecasted Consumption by Region (2027–2032)
4.3 North America
4.3.1 North America Petro-based Succinic Acid Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.3.2 North America Petro-based Succinic Acid Consumption by Country (2021–2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Petro-based Succinic Acid Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.4.2 Europe Petro-based Succinic Acid Consumption by Country (2021–2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Petro-based Succinic Acid Consumption Growth Rate by Region: 2021 vs 2025 vs 2032
4.5.2 Asia Pacific Petro-based Succinic Acid Consumption by Region (2021–2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Petro-based Succinic Acid Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.6.2 Latin America, Middle East & Africa Petro-based Succinic Acid Consumption by Country (2021–2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Petro-based Succinic Acid Production by Type (2021–2032)
5.1.1 Global Petro-based Succinic Acid Production by Type (2021–2026)
5.1.2 Global Petro-based Succinic Acid Production by Type (2027–2032)
5.1.3 Global Petro-based Succinic Acid Production Market Share by Type (2021–2032)
5.2 Global Petro-based Succinic Acid Production Value by Type (2021–2032)
5.2.1 Global Petro-based Succinic Acid Production Value by Type (2021–2026)
5.2.2 Global Petro-based Succinic Acid Production Value by Type (2027–2032)
5.2.3 Global Petro-based Succinic Acid Production Value Market Share by Type (2021–2032)
5.3 Global Petro-based Succinic Acid Price by Type (2021–2032)
6 Segment by Application
6.1 Global Petro-based Succinic Acid Production by Application (2021–2032)
6.1.1 Global Petro-based Succinic Acid Production by Application (2021–2026)
6.1.2 Global Petro-based Succinic Acid Production by Application (2027–2032)
6.1.3 Global Petro-based Succinic Acid Production Market Share by Application (2021–2032)
6.2 Global Petro-based Succinic Acid Production Value by Application (2021–2032)
6.2.1 Global Petro-based Succinic Acid Production Value by Application (2021–2026)
6.2.2 Global Petro-based Succinic Acid Production Value by Application (2027–2032)
6.2.3 Global Petro-based Succinic Acid Production Value Market Share by Application (2021–2032)
6.3 Global Petro-based Succinic Acid Price by Application (2021–2032)
7 Key Companies Profiled
7.1 Nippon Shokubai
7.1.1 Nippon Shokubai Petro-based Succinic Acid Company Information
7.1.2 Nippon Shokubai Petro-based Succinic Acid Product Portfolio
7.1.3 Nippon Shokubai Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.1.4 Nippon Shokubai Main Business and Markets Served
7.1.5 Nippon Shokubai Recent Developments/Updates
7.2 Feiyang Chemical
7.2.1 Feiyang Chemical Petro-based Succinic Acid Company Information
7.2.2 Feiyang Chemical Petro-based Succinic Acid Product Portfolio
7.2.3 Feiyang Chemical Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.2.4 Feiyang Chemical Main Business and Markets Served
7.2.5 Feiyang Chemical Recent Developments/Updates
7.3 Sunsing Chemicals
7.3.1 Sunsing Chemicals Petro-based Succinic Acid Company Information
7.3.2 Sunsing Chemicals Petro-based Succinic Acid Product Portfolio
7.3.3 Sunsing Chemicals Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.3.4 Sunsing Chemicals Main Business and Markets Served
7.3.5 Sunsing Chemicals Recent Developments/Updates
7.4 Jinbaoyu Technology
7.4.1 Jinbaoyu Technology Petro-based Succinic Acid Company Information
7.4.2 Jinbaoyu Technology Petro-based Succinic Acid Product Portfolio
7.4.3 Jinbaoyu Technology Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.4.4 Jinbaoyu Technology Main Business and Markets Served
7.4.5 Jinbaoyu Technology Recent Developments/Updates
7.5 Shandong Landian Biological Technology
7.5.1 Shandong Landian Biological Technology Petro-based Succinic Acid Company Information
7.5.2 Shandong Landian Biological Technology Petro-based Succinic Acid Product Portfolio
7.5.3 Shandong Landian Biological Technology Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.5.4 Shandong Landian Biological Technology Main Business and Markets Served
7.5.5 Shandong Landian Biological Technology Recent Developments/Updates
7.6 Shanghai Shenren Fine Chemical
7.6.1 Shanghai Shenren Fine Chemical Petro-based Succinic Acid Company Information
7.6.2 Shanghai Shenren Fine Chemical Petro-based Succinic Acid Product Portfolio
7.6.3 Shanghai Shenren Fine Chemical Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.6.4 Shanghai Shenren Fine Chemical Main Business and Markets Served
7.6.5 Shanghai Shenren Fine Chemical Recent Developments/Updates
7.7 Weinan Huifeng
7.7.1 Weinan Huifeng Petro-based Succinic Acid Company Information
7.7.2 Weinan Huifeng Petro-based Succinic Acid Product Portfolio
7.7.3 Weinan Huifeng Petro-based Succinic Acid Production, Value, Price, and Gross Margin (2021–2026)
7.7.4 Weinan Huifeng Main Business and Markets Served
7.7.5 Weinan Huifeng Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Petro-based Succinic Acid Industry Chain Analysis
8.2 Petro-based Succinic Acid Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Petro-based Succinic Acid Production Modes and Processes
8.4 Petro-based Succinic Acid Sales and Marketing
8.4.1 Petro-based Succinic Acid Sales Channels
8.4.2 Petro-based Succinic Acid Distributors
8.5 Petro-based Succinic Acid Customer Analysis
9 Petro-based Succinic Acid Market Dynamics
9.1 Petro-based Succinic Acid Industry Trends
9.2 Petro-based Succinic Acid Market Drivers
9.3 Petro-based Succinic Acid Market Challenges
9.4 Petro-based Succinic Acid Market Restraints
9.5 Impact of U.S. Tariffs
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Published: 2026-03-09
Pages: 79
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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