바이오 숙신산 시장 보고서 : 동향, 예측 및 경쟁 분석(-2035년)

Bio Succinic Acid Market

The future of the global bio succinic acid market looks promising with opportunities in the industrial, food & beverage, pharmaceutical, and personal care & cosmetic markets. The global bio succinic acid market is expected to reach an estimated $496.2 million by 2035 from $196.8 million in 2027 with a CAGR of 12.1% from 2027 to 2035. The major drivers for this market are the increasing demand for bio-based chemicals, the rising adoption of sustainable alternatives, and the growing focus on eco-friendly production.

• Lucintel forecasts that, within the application category, polyester polyol is expected to witness the highest growth over the forecast period due to increased demand for polyester polyols in polyurethane applications.
• Within the end use category, food & beverage is expected to witness the highest growth over the forecast period due to growing demand for packaged food and beverages in the global market.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period due to growing food processing industries and increased consumer expenditure.

Emerging Trends in Bio Succinic Acid Market

The bio succinic acid market is transitioning from pilot-based development to selective commercial scaling between 2025 and 2027. Feedstock economics, process fermentation, and how customers take account of process carbon now drive investments. Lucintel estimates that the market extends beyond polymers to coatings, solvents, food additives, and personal care. Producers are focusing on reliable, local supply.

• Sustainability: Life cycle carbon reduction is driving sourcing decisions. Buyers from the EU cite the 2030 target to achieve 55% emissions reduction (Jan. 2025) more frequently in procurement discussions. Most of the routes to bio-based succinic acid report 80% reductions in emissions, which will likely impact specifications, contracts, and price premium in the next 3-5 years.
• Process Intensification: Rather than using larger reactors, producers improve fermentation and downstream purification. Many of the 2025 pilot programs target yields of 100 g/L. Within 5 years, bio succinic acid may seriously challenge traditional succinic acid from petrochemicals.
• Circular Feedstocks: Bio-economy aims to produce USD 150 billion by 2030 (2025) in India from agricultural residues, industrial by-products, and waste based sugars; resources are moving away from food-grade glucose.
• Application Diversification: Bio succinic acid is present in polyurethanes, plasticizers, coatings, and formulated ingredients, in addition to biodegradable polymers; between 2025 and 2030 diversification will stabilize demand when one end-use sector slows.
• Regional Supply Chains: Logistics disruptions brought to light the risks associated with single-site supply chains. Buyers are now looking for capacity closer to them for fermentation and purification; North American and European projects planned through 2027 are concentrating on modular plants in the 50,000 ton range per year. Local production will likely accelerate the approval process and enhance the supply of raw materials. Although there are challenges with scale, production in this region is likely to be a less risky way to enter this market.

Bio succinic acid is moving from demonstration to selective commercial scale production. Although several challenges exist, producing bio succinic acid through the use of renewable feedstock and a process with high yields is better than the competition. What is most important to producers now is securing a steady supply of biomass and processing this biomass to achieve consistent high quality feedstock to enter high added value markets. Disciplined scale up over a short time frame will be most rewarding in the next 5 years as opposed to announcing broad capacity.

Recent Developments in the Bio Succinic Acid Market

Increasing demand for bio succinic acid during 2025-2027 will be driven by producers' refinement of fermentation economics and access to renewable feedstocks, as well as their targeting of higher value applications. Lucintel identifies packaging, coatings, polyurethanes, and biodegradable polymers as the main avenues for demand. Investments remain selective, with buyers requiring verified carbon reductions, dependable supply, and prices more closely aligned to that of petrochemicals.

• Capacity Optimization: In January 2025, Roquette reported an annual production capacity of 10,000 tonnes for Biosuccinium at their Italian plant. This enables Roquette to serve larger customers and reduces the risk of supply of bio-based polymers for the next three to five years.
• Strategic Partnerships: Succinity's bio-based succinic acid made through fermentation, supplied through their partnership with BASF-Corbion, continues to supply polyurethanes and coatings (March 2025). This partnership model is important because the shared technology and sales networks can enable the adoption of bio-based succinic acid across multiple downstream industries, without the need for each industry to build its own capability.
• Technology Innovations: There is a shift toward lower costs in the fermentation route using renewable carbohydrates and genetically engineered organisms. Several ongoing projects have reported yields of 100+ grams per litre (June 2025). Higher yields will improve the economics of the plants and enable members to expand more confidently, even with volatile feedstock costs.
• Governmental Approvals: During 2025, European regulators continued to expand the certified bio-based and circular-product procurement frameworks, including the publication of updated environmental criteria for public procurement (October 2025). These regulations influence demand and provide bio succinic acid more direct access to construction materials, furnishings, and packaging, that are procured by the government.
• Downstream Conversion: Polymer producers are engaged in a significant number of trials of bio-based succinic acid in polybutylene succinate and polyurethane. Commercial development programs typically assess 20-30% renewable content (February 2026). successful formulations substantiate sustainability claims and ensure the contracted volume of the resin.

The marketplace continues to progress from R&D based activities to more disciplined forms of commercialization. Near-term winners will rely on more than just green positioning. Availability and costs of feedstocks remain concerns, but polymer qualification projects continue to build a strong and consistent demand. By 2027, bio succinic acid will begin to capture a significant part of the marketplace focusing on higher value, higher margin applications, and then broader industrial applications as process optimization are achieved.

Strategic Growth Opportunities in the Bio Succinic Acid Market

The bio succinic acid market is in the first commercial phase as companies eliminate fossil-based content and chemical producers seek lower carbon intermediates. It is projected that between by 2024 and 2026 market growth is expected to accelerate with an improvement in fermentation economics, strict regulation on carbon footprints and the increase in demand for renewable polymers. Specialty applications are expected to capture a larger role than just commodity applications according to Lucintel's market perspective.

• Bio-based Polymers: Producers can convert bio succinic acid into biodegradable polymers. In March 2025 BASF reported an annual capacity of 15,000 tonnes for its grades of ecovio. The demand is expected to increase as packaging converters reach the limit for recycled content and need certified alternatives for films used in food services and agriculture.
• Coatings and Adhesives: Low VOC coatings and waterborne adhesives and sealants can provide good margins on low volume products. The June 2025 update to the EU construction products framework expanded coverage to more than 30 product families. Bio succinic acid can offer polyester based formulations with a lower carbon footprint and result in increased sales with building material manufacturers in the next 3 to 5 years.
• Personal Care Ingredients: Biodegradable solvents and pH adjusters together with ester intermediates that are sustainably sourced will create demand for bio succinic acid in this market. The Cosmetics sector in the EU in February 2025 had an estimated valuation of over €100 billion. Suppliers that are consistent with purity and documentation can position bio succinic acid year away from other industrial chemicals as a premium ingredient in skincare and haircare products.
• Expand Asia-Pacific: Stunted costs and reduced timing for customer qualification are results of localized production and software development in China, India, and Southeast Asia. During India's fiscal year 2025, more than $8 billion of foreign direct investment flowed to the chemical industry. Regional partnerships will foster demand from customers in the footwear, packaging, and textile processing sectors.
• Carbon-accounted Materials: Product-level carbon data can provide a basis for higher pricing for customers who report Scope 3 emissions. The first reporting year for the Carbon Border Adjustment Mechanism of the EU in April 2025 will favor the procurement of bio succinic acid and other materials with verified feedstock and lifecycle data by multinational companies in the polymer and consumer goods sectors.

Bio succinic acid will displace petrochemical succinic acid only in certain, more selective applications. It will prove successful in pricing substitutions provided its certification and carbon accounting justify the price increase. Regional distribution and application partnerships are essential. Consistent quality and supply contract protection of production are the customers' main concern. Emissions reduction will then be rewarded.

Bio Succinic Acid Market Drivers and Challenges

The bio succinic acid market is impacted by technology, economics, environment and laws. A growing focus on sustainability and the development of forward-looking regulations has manufacturers focused on substituting petrochemicals with bio-based ones for production of polymers, coatings, solvents, plasticizers, and more. Process economics will remain a key determinant of bio succinic acid commercial success, along with the availability of feedstocks, the efficiency of the process, and the level of investment in the necessary supporting infrastructure. Bio succinic acid procurement will be stimulated by regulations and companies' commitment to sustainability. According to Lucintel, future competition will be dictated by cost leadership, reliability of supply, and focus on market application development. Continuous tight integration and frequent new capacity additions of traditional succinic acid remain the biggest barrier to market growth in major regions, despite the volatility in raw material costs and insufficient market size.

The key drivers of the bio succinic acid market are:

• Customer Demand: The global chemical industry is expected to release more than 400 million tons of plastic in 2025, creating a huge opportunity for growth of bio-based intermediates. Packaging, automotive, food, personal-care, and pharmaceutical industries have created an added level of competition to replace traditional chemicals with bio-based chemicals. The growing consumer demand for low carbon products and an emphasis on meeting sustainability goals and material supply chains, is expected to drive demand for bio succinic acids. Over the next 3-5 years, brand owners are expected to focus on replacing traditional chemicals with bio-based ones.
• Improved Technologies: Advances in the areas of process control, downstream separation, and metabolic engineering, combined with organism improvements, can create consistency and increases in bio succinic acid production. Better microorganism performance can decrease the amount of sugar required, lower fermentation cycles and reduce purification costs, thereby improving the economics of production. In 2025, several research programs focused on improving fermentation yields to 100 grams per liter, a crucial marker in process economics (September 2025). The next three to five years will show improvements in bio succinic acid production and capabilities to help meet the higher production demands for chemical markets that were once the domain of specialty applications.
• Increased Regulation: The focus on renewable carbon, circular economy, and other related areas has created a more favorable outlook for bio succinic acid. More favorable outlooks are driven by greenhouse gas benefits, less hazard, the use of renewable carbon, and the accountability of used carbon. In 2025, the European Union continued its focus on sustainability in the areas of product packaging and industrial value chains by including renewable and recurrent carbon elements (January 2025). It is expected that during the next three to five years, regulatory compliance will drive the market for bio-based materials with a strong focus on compliance costs and regional varying standards.
• Sustainability: By using renewable energy sources and biomass, bio succinic acid could help decrease greenhouse gas emissions and lessen the need for fossil fuels. It also helps advance the use of renewably sourced materials in polyurethanes, polybutylene succinate, coatings, plasticizers, and other products. By 2025, over 90 countries had established goals or commitments to reach net-zero emissions or had long-term strategies to address climate change. In the next three to five years, sustainability reporting's and science-based targets will require businesses to track and decrease emissions from the products they make, thus creating a demand for bio-based intermediaries with a proven positive impact on the product's lifecycle and known feedstock sources.
• Manufacturing Efficiency: Improving purification, supply chain, and utilities and building larger fermentation systems all help improve cost and the extent to which systems can be scaled commercially. There are companies that can operate their plants at a higher capacity and reduce potential plant closure due to feedstock limiting factors. In 2025, the global investment for industrial biotechnology was still in the billions of dollars and focused on the further development of the commercialization of biotechnology and specifically chemistry that relies on fermentation (October 2025). When it comes to bio succinic acid, in the next three to five years, manufacturing efficiency will determine if it can reach comparative price levels, long-term contracts, and expand to areas where the price is more important than sustainability.

This Market faces the following challenges:

• High Production Costs: Healthy competition in the marketplace drives down production costs for petrochemical options. In contrast, several factors in the production of bio succinic acid drive up costs, including the high energy demand for fermentation, expensive feedstocks, high risk for process contaminations, and complex purification. Additionally, profitability is sensitive to factors like prices of sugars, overall plant utilization, and process recovery. In 2025, prices for many major feedstocks, including agricultural commodities, continued to vary substantially throughout different regions, exceeding 10% (August 2025). In the next 3-5 years, cost pressure will remain a key issue for market participants unless they achieve results from the improvement of production yields and a greater focus on waste feedstocks, while also maintaining consistent product specifications.
• Feedstock Availability: Bio succinic acid production relies on sugars, starches, glycerol, and lignocellulosic biomass, creating competition against other industrial uses, biofuels, and food production. Further challenges include the seasonal availability of feedstocks, high logistics costs, and good quality feedstocks. In 2025, the estimated total biofuel production was over 180 billion liters, highlighting the immense competition for agricultural resources (November 2025). In the next 3-5 years, to protect marginal profits and maintain a reliable supply to their customers, market players will have to rely on numerous sourcing options for feedstocks and implement regional feedstock networks, as well as focus on efficient non-food biomass conversion.
• Competition and Scale Disadvantages: Traditional succinic acid possesses the advantages of a developed supply chain, downstream offerings, consistent quality, and economies of scale. New producers must obtain customer qualification, establish lifecycle benefits, and build capacity without introducing disruption to operations. 2025 data show that more than 90% of the global chemical feedstock capacity was still based on fossil fuels, further demonstrating the scale disparity for renewable replacements (May 2025). The next three to five years will see intense competition, with the need for strategic partnerships, application specific innovations, credible certifications, and capacity growth enabled by stable, contracted customer demand.

The market for bio-succinic acid shows considerable long-term opportunity due to shifting attitudes towards sustainability, increased demand for renewable materials, and advances in technology coupled with regulation. Increased demand had potentially significant impacts on commercial acceptance of and new applications for bio-succinic acid in polymer, coatings, solvents, pharmaceuticals and other materials. The disadvantages still include high costs, competition for feedstocks, limited scale, and a well-established petrochemical market. The balance will need to be struck with efficient fermentation, reliable sourcing, verified environmental benefits coupled with application development. Overall, the dominant market position will be held by the most efficient producers of feedstocks coupled with optimal regulation and customer demand. Competition will be most acute with respect to the balance of supply chain capacity.

List of Bio Succinic Acid Market Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies bio succinic acid market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bio succinic acid market companies profiled in this report include-

• BASF
• DSM
• Roquette Freres
• BioAmber
• Myriant Corporation

Bio Succinic Acid Market by Segment

The study includes a forecast for the global bio succinic acid market by application, end use, and region.

Bio Succinic Acid Market by Application [Value ($M) from 2019 to 2035]:

• BDO
• Polyester Polyols
• Plasticizers
• PBS/PBST
• Alkyd Resins
• Others

Bio Succinic Acid Market by End Use [Value ($M) from 2019 to 2035]:

• Industrial
• Food & Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Others

Bio Succinic Acid Market by Region [Value ($M) from 2019 to 2035]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Bio Succinic Acid Market

The bio succinic acid market is graduating from demonstration-scale supply to policy-backed industrial deployment. Over the next few years central government procurement policies, biomanufacturing investments, and low-carbon material standards will shape market participants' decisions. Manufacturers are aiming for diverse polyurethane and biopolymer applications. In 2025, the project economics for bio succinic acid will be largely influenced by the costs of feedstock and the extent of downstream integration.

• United States: The primary government policy lever is the Federal biomanufacturing policy. In March 2025, the Department of Energy allocated up to $100 million for industrial biotechnology and bioproducts, and the BioPreferred program continues to expand federal purchasing with the addition of BioPreferred Plus. This funding should contribute to the development of succinic acid fermentation and support the establishment of succinic acid capacity in the United States over the next 3-5 years.
• China: Stronger policies and subsidies for biomanufacturing and advanced materials have been prioritized in the Government Work Report for 2025. Renewable chemical building blocks will be prioritized in the 2021-2025 Bioeconomy Development Plan. Local partnerships with machinery, feedstock, and polymer partners will help create a stronger cost-competitive position in the biomaterials supply chains.
• Germany: Succinicity, a joint biomanufacturing venture between BASF and Corbion, is the most advanced bio-succinic acid initiative in Germany. While Corbion has publicly stated that the joint venture was discontinued in 2023, BASF will still rely on partnerships and biomanufacturing capacity to meet market demand.
• India: Approved in August of 2024, the BioE3 Policy within the Department of Biotechnology focuses on the development of climate resilient biomanufacturing and the creation of biomanufacturing hubs. The 2025-26 Union Budget has set aside ₹100 crore for the National Mission on High-Yielding Seeds. These developments can create more capacity for domestic fermentation and feedstock, which can aid in the production of succinic acid and import substitution.
• Japan: With Mitsubishi Chemical's focus on developing bio-based chemicals with their announced plans for 2025, and their commitment for their 2025 Sustainability Investment program, we are starting to see movement within the industry towards certified renewable feedstocks. The 2050 target for carbon neutrality, announced by the Japanese government in October 2020, will spur changes during the next 3-5 years through customer procurement and material certifications.

Features of the Global Bio Succinic Acid Market

• Market Size Estimates: bio succinic acid market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2019 to 2026) and forecast (2027 to 2035) by various segments and regions.
• Segmentation Analysis: bio succinic acid market size by application, end use, and region in terms of value ($B).
• Regional Analysis: bio succinic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different applications, end uses, and regions for the bio succinic acid market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bio succinic acid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the bio succinic acid market by application (BDO, polyester polyols, plasticizers, PBS/PBST, alkyd resins, and others), end use (industrial, food & beverages, pharmaceuticals, personal care & cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 6 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

• 2.1 Background and Classifications
• 2.2 Supply Chain

3. Market Trends & Forecast Analysis

• 3.2 Industry Drivers and Challenges
• 3.3 PESTLE Analysis
• 3.4 Patent Analysis
• 3.5 Regulatory Environment

4. Global Bio Succinic Acid Market by Application

• 4.1 Overview
• 4.2 Attractiveness Analysis by Application
• 4.3 BDO: Trends and Forecast (2019-2035)
• 4.4 Polyester Polyols: Trends and Forecast (2019-2035)
• 4.5 Plasticizers: Trends and Forecast (2019-2035)
• 4.6 PBS/PBST: Trends and Forecast (2019-2035)
• 4.7 Alkyd Resins: Trends and Forecast (2019-2035)
• 4.8 Others: Trends and Forecast (2019-2035)

5. Global Bio Succinic Acid Market by End Use

• 5.1 Overview
• 5.2 Attractiveness Analysis by End Use
• 5.3 Industrial: Trends and Forecast (2019-2035)
• 5.4 Food & Beverages: Trends and Forecast (2019-2035)
• 5.5 Pharmaceuticals: Trends and Forecast (2019-2035)
• 5.6 Personal Care & Cosmetics: Trends and Forecast (2019-2035)
• 5.7 Others: Trends and Forecast (2019-2035)

6. Regional Analysis

• 6.1 Overview
• 6.2 Global Bio Succinic Acid Market by Region

7. North American Bio Succinic Acid Market

• 7.1 Overview
• 7.2 North American Bio Succinic Acid Market by Application
• 7.3 North American Bio Succinic Acid Market by End Use
• 7.4 United States Bio Succinic Acid Market
• 7.5 Mexican Bio Succinic Acid Market
• 7.6 Canadian Bio Succinic Acid Market

8. European Bio Succinic Acid Market

• 8.1 Overview
• 8.2 European Bio Succinic Acid Market by Application
• 8.3 European Bio Succinic Acid Market by End Use
• 8.4 German Bio Succinic Acid Market
• 8.5 French Bio Succinic Acid Market
• 8.6 Spanish Bio Succinic Acid Market
• 8.7 Italian Bio Succinic Acid Market
• 8.8 United Kingdom Bio Succinic Acid Market

9. APAC Bio Succinic Acid Market

• 9.1 Overview
• 9.2 APAC Bio Succinic Acid Market by Application
• 9.3 APAC Bio Succinic Acid Market by End Use
• 9.4 Japanese Bio Succinic Acid Market
• 9.5 Indian Bio Succinic Acid Market
• 9.6 Chinese Bio Succinic Acid Market
• 9.7 South Korean Bio Succinic Acid Market
• 9.8 Indonesian Bio Succinic Acid Market

10. ROW Bio Succinic Acid Market

• 10.1 Overview
• 10.2 ROW Bio Succinic Acid Market by Application
• 10.3 ROW Bio Succinic Acid Market by End Use
• 10.4 Middle Eastern Bio Succinic Acid Market
• 10.5 South American Bio Succinic Acid Market
• 10.6 African Bio Succinic Acid Market

11. Competitor Analysis

• 11.1 Product Portfolio Analysis
• 11.2 Operational Integration
• 11.3 Porter's Five Forces Analysis
  • Competitive Rivalry
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Threat of New Entrants
• 11.4 Market Share Analysis

12. Opportunities & Strategic Analysis

• 12.1 Value Chain Analysis
• 12.2 Growth Opportunity Analysis
  • 12.2.1 Growth Opportunities by Application
  • 12.2.2 Growth Opportunities by End Use
• 12.3 Emerging Trends in the Global Bio Succinic Acid Market
• 12.4 Strategic Analysis
  • 12.4.1 New Product Development
  • 12.4.2 Certification and Licensing
  • 12.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

13. Company Profiles of the Leading Players Across the Value Chain

• 13.1 Competitive Analysis
• 13.2 BASF
  • Company Overview
  • Bio Succinic Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.3 DSM
  • Company Overview
  • Bio Succinic Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.4 Roquette Freres
  • Company Overview
  • Bio Succinic Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.5 BioAmber
  • Company Overview
  • Bio Succinic Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.6 Myriant Corporation
  • Company Overview
  • Bio Succinic Acid Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing

14. Appendix

• 14.1 List of Figures
• 14.2 List of Tables
• 14.3 Research Methodology
• 14.4 Disclaimer
• 14.5 Copyright
• 14.6 Abbreviations and Technical Units
• 14.7 About Us
• 14.8 Contact Us