Bio-based Succinic Acid Market
Bio-based Succinic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Bio-based Succinic Acid Market Size and Growth
The global bio-based succinic acid market is steadily growing due to increasing demand for sustainable chemicals. Market size is projected to reach $1.1 billion by 2027 with a CAGR of 21.4%. Key players include BioAmber, Reverdia, and Myriant, with Asia-Pacific leading the market due to government support and growing consumer awareness.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ DowDuPont
◍ Koninklijke DSM
◍ Mitsui Chemicals
◍ BioAmber
◍ Corbion
◍ Myriant
◍ Roquette
◍ Lixing Chemical
◍ Anqing Hexing Chemical
The competitive landscape of the bio-based succinic acid market includes companies like BASF, DowDuPont, Koninklijke DSM, Mitsui Chemicals, BioAmber, Corbion, Myriant, Roquette, Lixing Chemical, and Anqing Hexing Chemical. These companies utilize bio-based succinic acid in various applications such as bioplastics, pharmaceuticals, and food additives, contributing to the market growth.
- BASF: Sales revenue of $75.2 billion
- DowDuPont: Sales revenue of $86 billion
- Koninklijke DSM: Sales revenue of $10.4 billion
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Market Segmentation
By Application
Industrial
Pharmaceutical
Personal Care
Paints & Coatings
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By Product
Food Grade
Industrial Grade
Pharmaceutical Grade
Market Growth
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$ X Billion USD
