Bio-succinic Acid Market Will Showcase Neutral Impact During 2020-2024 | Volatility in Crude Oil Prices to Boost the Market Growth | Technavio

·5-min read

Technavio has been monitoring the bio-succinic acid market and it is poised to grow by USD 1.67 bn during 2020-2024, progressing at a CAGR of about 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Bio-succinic Acid Market 2020-2024 (Graphic: Business Wire)

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. BASF SE, Koninklijke DSM NV, LCY Chemical Corp., Mitsubishi Chemical Holdings Corp., Mitsui & Co. Ltd., PTT Global Chemical Public Co. Ltd., Roquette Freres SA, and Shandong LanDian Biological Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Volatility in crude oil prices has been instrumental in driving the growth of the global bio-succinic acid market size.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Bio-succinic Acid Market 2020-2024: Segmentation

Bio-succinic Acid Market is segmented as below:

  • Application

    • BDO

    • Polyester Polyols

    • Plasticizers

    • Alkyd Resins

    • Others

  • Geography

    • Europe

    • North America

    • APAC

    • South America

    • MEA

Bio-succinic Acid Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bio-succinic acid market report covers the following areas:

  • Bio-succinic Acid Market Size

  • Bio-succinic Acid Market Trends

  • Bio-succinic Acid Market Industry Analysis

This study identifies increasing use of bio-succinic acid in 1,4-butanediol (BDO) production as one of the prime reasons driving the growth of global bio-succinic acid market size during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Bio-succinic Acid Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist the growth of global bio-succinic acid market size during the next five years

  • Estimation of the bio-succinic acid market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the bio-succinic acid market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of bio-succinic acid market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • BDO - Market size and forecast 2019-2024

  • Polyester polyols - Market size and forecast 2019-2024

  • Plasticizers - Market size and forecast 2019-2024

  • Alkyd resins - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors


  • Koninklijke DSM NV

  • LCY Chemical Corp.

  • Mitsubishi Chemical Holdings Corp.

  • Mitsui & Co. Ltd.

  • PTT Global Chemical Public Co. Ltd.

  • Roquette Freres SA

  • Shandong LanDian Biological Technology Co. Ltd.


  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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