Sustainable Succinic Acid Market
Sustainable Succinic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Sustainable Succinic Acid Market Size and Growth
The Sustainable Succinic Acid market is experiencing robust growth, driven by rising demand for bio-based chemicals. The market size is projected to reach approximately $500 million by 2027, with significant opportunities in applications like plasticizers and food additives. Key market trends include increasing environmentally friendly initiatives and regulatory support for sustainable products.
Companies Covered (Covid 19 Impact Covered)
◍ Myriant
◍ Succinity (BASF/Corbion)
◍ Reverdia (Roquette)
◍ Shandong Landian Biotechnology Co., Ltd.
The sustainable succinic acid market features key players like Myriant, Succinity, Reverdia, and Shandong Landian Biotechnology. These companies enhance market growth through innovative production methods and applications in bioplastics, solvents, and food additives. Their commitment to sustainability attracts investment and expands product offerings, driving overall market expansion.
- Myriant: Approx. $15 million revenue.
- Succinity (BASF/Corbion): Part of larger revenue from BASF’s biopolymers.
- Reverdia: Generated around €10 million in sales.
- Shandong Landian: Revenue figures not publicly disclosed but significant in regional markets.
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Market Segmentation
By Application
Food
Pharmaceutical
Chemical
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By Product
Others
Mannheimia
Market Growth
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$ X Billion USD
