LAMEA Succinic Acid Market Size, Share & Trends Analysis Report By Type (Petro-based, and Bio-based), By End-use (Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others), By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Succinic Acid Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 15,067.8 tonnes, showcasing a growth of 11.6% (2023-2030).

Succinic acid production depends on the availability and cost of raw materials, such as glucose, starch, and molasses. Changes in raw material costs can impact the overall cost of succinic acid production, influencing market dynamics. Stringent environmental sustainability and product safety regulations significantly impact the market. Market players must comply with regulatory standards to ensure product acceptance and market access. Economic conditions and market trends influence the adoption of succinic acid in various industries. Factors such as GDP growth, consumer spending patterns, and overall market stability can affect the demand for succinic acid.

The market is characterized by key players competing for market share. Strategies like mergers and acquisitions, product inventions, and strategic partnerships are crucial in shaping the competitive landscape. Continuous advancements in production technologies, including bio-based processes and green chemistry, directly impact the market. Innovations in fermentation techniques and downstream processing contribute to increased efficiency and reduced environmental impact.

As South Africa invests in infrastructure development, it may find applications in construction materials, adhesives, and coatings used in building projects. Its corrosion inhibition properties make it valuable for applications in water treatment. As industries in South Africa focus on efficient water usage, it can play a role in corrosion prevention. The increasing demand for plastic products in South Africa, particularly in construction and packaging, enhances the market potential for succinic acid. Thus, the above aspects will expand the market growth across the region in the upcoming years.

The Brazil market dominated the LAMEA Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,895 Thousands by 2030. The Argentina market is showcasing a CAGR of 12.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 11.7% during (2023 - 2030).

Free Valuable Insights: The Worldwide Succinic Acid Market is Projected to reach USD 515.8 Million by 2030, at a CAGR of 9.5%

Based on Type, the market is segmented into Petro-based, and Bio-based. Based on End-use, the market is segmented into Industrial, Food & Beverages, Coatings, Pharmaceutical, Personal Care & Cosmetics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• BASF SE
• Parchem – Fine & Specialty Chemicals
• The Dow Chemical Company
• Mitsubishi Chemical Holdings Corporation
• Nippon Shokubai Co., Ltd.
• Roquette Freres SA
• Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
• The Chemical Company
• Ernesto Ventos S.A.
• Anhui Sunsing Chemicals Co., Ltd.

LAMEA Succinic Acid Market Report Segmentation

By Type (Volume, Tonnes, USD Million, 2019-2030)

• Petro-based
• Bio-based

By End-use (Volume, Tonnes, USD Million, 2019-2030)

• Industrial
• Food & Beverages
• Coatings
• Pharmaceutical
• Personal Care & Cosmetics
• Others

By Country (Volume, Tonnes, USD Million, 2019-2030)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Succinic Acid Market, by Type
1.4.2 LAMEA Succinic Acid Market, by End-use
1.4.3 LAMEA Succinic Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. LAMEA Succinic Acid Market by Type
4.1 LAMEA Petro-based Market by Country
4.2 LAMEA Bio-based Market by Country

Chapter 5. LAMEA Succinic Acid Market by End-use
5.1 LAMEA Industrial Market by Country
5.2 LAMEA Food & Beverages Market by Country
5.3 LAMEA Coatings Market by Country
5.4 LAMEA Pharmaceutical Market by Country
5.5 LAMEA Personal Care & Cosmetics Market by Country
5.6 LAMEA Others Market by Country

Chapter 6. LAMEA Succinic Acid Market by Country
6.1 Brazil Succinic Acid Market
6.1.1 Brazil Succinic Acid Market by Type
6.1.2 Brazil Succinic Acid Market by End-use
6.2 Argentina Succinic Acid Market
6.2.1 Argentina Succinic Acid Market by Type
6.2.2 Argentina Succinic Acid Market by End-use
6.3 UAE Succinic Acid Market
6.3.1 UAE Succinic Acid Market by Type
6.3.2 UAE Succinic Acid Market by End-use
6.4 Saudi Arabia Succinic Acid Market
6.4.1 Saudi Arabia Succinic Acid Market by Type
6.4.2 Saudi Arabia Succinic Acid Market by End-use
6.5 South Africa Succinic Acid Market
6.5.1 South Africa Succinic Acid Market by Type
6.5.2 South Africa Succinic Acid Market by End-use
6.6 Nigeria Succinic Acid Market
6.6.1 Nigeria Succinic Acid Market by Type
6.6.2 Nigeria Succinic Acid Market by End-use
6.7 Rest of LAMEA Succinic Acid Market
6.7.1 Rest of LAMEA Succinic Acid Market by Type
6.7.2 Rest of LAMEA Succinic Acid Market by End-use

Chapter 7. Company Profiles
7.1 BASF SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Parchem – Fine & Specialty Chemicals
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 The Dow Chemical Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Mitsubishi Chemical Holdings Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Nippon Shokubai Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 SWOT Analysis
7.6 Roquette Freres SA
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 The Chemical Company
7.8.1 Company Overview
7.9 Ernesto Ventos S.A.
7.9.1 Company Overview
7.10. Anhui Sunsing Chemicals Co., Ltd.
7.10.1 Company Overview

TABLE 1 LAMEA Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 2 LAMEA Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 3 LAMEA Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 4 LAMEA Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 5 LAMEA Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 6 LAMEA Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 7 LAMEA Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 8 LAMEA Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 9 LAMEA Petro-based Market by Country, 2019 - 2022, USD Thousands
TABLE 10 LAMEA Petro-based Market by Country, 2023 - 2030, USD Thousands
TABLE 11 LAMEA Petro-based Market by Country, 2019 - 2022, Tonnes
TABLE 12 LAMEA Petro-based Market by Country, 2023 - 2030, Tonnes
TABLE 13 LAMEA Bio-based Market by Country, 2019 - 2022, USD Thousands
TABLE 14 LAMEA Bio-based Market by Country, 2023 - 2030, USD Thousands
TABLE 15 LAMEA Bio-based Market by Country, 2019 - 2022, Tonnes
TABLE 16 LAMEA Bio-based Market by Country, 2023 - 2030, Tonnes
TABLE 17 LAMEA Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 18 LAMEA Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 19 LAMEA Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 20 LAMEA Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 21 LAMEA Industrial Market by Country, 2019 - 2022, USD Thousands
TABLE 22 LAMEA Industrial Market by Country, 2023 - 2030, USD Thousands
TABLE 23 LAMEA Industrial Market by Country, 2019 - 2022, Tonnes
TABLE 24 LAMEA Industrial Market by Country, 2023 - 2030, Tonnes
TABLE 25 LAMEA Food & Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 26 LAMEA Food & Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 27 LAMEA Food & Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 28 LAMEA Food & Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 29 LAMEA Coatings Market by Country, 2019 - 2022, USD Thousands
TABLE 30 LAMEA Coatings Market by Country, 2023 - 2030, USD Thousands
TABLE 31 LAMEA Coatings Market by Country, 2019 - 2022, Tonnes
TABLE 32 LAMEA Coatings Market by Country, 2023 - 2030, Tonnes
TABLE 33 LAMEA Pharmaceutical Market by Country, 2019 - 2022, USD Thousands
TABLE 34 LAMEA Pharmaceutical Market by Country, 2023 - 2030, USD Thousands
TABLE 35 LAMEA Pharmaceutical Market by Country, 2019 - 2022, Tonnes
TABLE 36 LAMEA Pharmaceutical Market by Country, 2023 - 2030, Tonnes
TABLE 37 LAMEA Personal Care & Cosmetics Market by Country, 2019 - 2022, USD Thousands
TABLE 38 LAMEA Personal Care & Cosmetics Market by Country, 2023 - 2030, USD Thousands
TABLE 39 LAMEA Personal Care & Cosmetics Market by Country, 2019 - 2022, Tonnes
TABLE 40 LAMEA Personal Care & Cosmetics Market by Country, 2023 - 2030, Tonnes
TABLE 41 LAMEA Others Market by Country, 2019 - 2022, USD Thousands
TABLE 42 LAMEA Others Market by Country, 2023 - 2030, USD Thousands
TABLE 43 LAMEA Others Market by Country, 2019 - 2022, Tonnes
TABLE 44 LAMEA Others Market by Country, 2023 - 2030, Tonnes
TABLE 45 LAMEA Succinic Acid Market by Country, 2019 - 2022, USD Thousands
TABLE 46 LAMEA Succinic Acid Market by Country, 2023 - 2030, USD Thousands
TABLE 47 LAMEA Succinic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 48 LAMEA Succinic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 49 Brazil Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 50 Brazil Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 51 Brazil Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 52 Brazil Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 53 Brazil Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 54 Brazil Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 55 Brazil Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 56 Brazil Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 57 Brazil Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 58 Brazil Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 59 Brazil Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 60 Brazil Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 61 Argentina Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 62 Argentina Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 63 Argentina Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 64 Argentina Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 65 Argentina Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 66 Argentina Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 67 Argentina Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 68 Argentina Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 69 Argentina Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 70 Argentina Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 71 Argentina Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 72 Argentina Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 73 UAE Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 74 UAE Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 75 UAE Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 76 UAE Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 77 UAE Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 78 UAE Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 79 UAE Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 80 UAE Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 81 UAE Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 82 UAE Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 83 UAE Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 84 UAE Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 85 Saudi Arabia Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 86 Saudi Arabia Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 87 Saudi Arabia Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 88 Saudi Arabia Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 89 Saudi Arabia Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 90 Saudi Arabia Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 91 Saudi Arabia Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 92 Saudi Arabia Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 93 Saudi Arabia Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 94 Saudi Arabia Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 95 Saudi Arabia Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 96 Saudi Arabia Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 97 South Africa Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 98 South Africa Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 99 South Africa Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 100 South Africa Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 101 South Africa Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 102 South Africa Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 103 South Africa Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 104 South Africa Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 105 South Africa Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 106 South Africa Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 107 South Africa Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 108 South Africa Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 109 Nigeria Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 110 Nigeria Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 111 Nigeria Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 112 Nigeria Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 113 Nigeria Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 114 Nigeria Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 115 Nigeria Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 116 Nigeria Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 117 Nigeria Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 118 Nigeria Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 119 Nigeria Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 120 Nigeria Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 121 Rest of LAMEA Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 122 Rest of LAMEA Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 123 Rest of LAMEA Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 124 Rest of LAMEA Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 125 Rest of LAMEA Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 126 Rest of LAMEA Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 127 Rest of LAMEA Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 128 Rest of LAMEA Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 129 Rest of LAMEA Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 130 Rest of LAMEA Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 131 Rest of LAMEA Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 132 Rest of LAMEA Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 133 Key Information – BASF SE
TABLE 134 Key Information – Parchem – fine & specialty chemicals
TABLE 135 Key Information – The Dow Chemical Company
TABLE 136 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 137 Key Information – Nippon Shokubai Co., Ltd.
TABLE 138 Key Information – Roquette Freres SA
TABLE 139 Key Information – spectrum chemical mfg.corp
TABLE 140 Key Information – The Chemical Company
TABLE 141 Key Information – Ernesto Ventos S.A.
TABLE 142 Key Information – Anhui Sunsing Chemicals CO., LTD.

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Succinic Acid Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting - Succinic Acid Market
FIG 4 Porter’s Five Forces Analysis – Succinic Acid Market
FIG 5 LAMEA Succinic Acid Market share by Type, 2022
FIG 6 LAMEA Succinic Acid Market share by Type, 2030
FIG 7 LAMEA Succinic Acid Market by Type, 2019 - 2030, USD Thousands
FIG 8 LAMEA Succinic Acid Market share by End-use, 2022
FIG 9 LAMEA Succinic Acid Market share by End-use, 2030
FIG 10 LAMEA Succinic Acid Market by End-use, 2019 - 2030, USD Thousands
FIG 11 LAMEA Succinic Acid Market share by Country, 2022
FIG 12 LAMEA Succinic Acid Market share by Country, 2030
FIG 13 LAMEA Succinic Acid Market by Country, 2019 - 2030, USD Thousands
FIG 14 SWOT Analysis: BASF SE
FIG 15 SWOT Analysis: Parchem – Fine & Specialty Chemicals
FIG 16 SWOT Analysis: The Dow Chemical Company
FIG 17 SWOT Analysis: Mitsubishi Chemical Holdings Corporation
FIG 18 SWOT Analysis: Nippon Shokubai Co., Ltd.
FIG 19 Swot Analysis: Roquette Freres SA
FIG 20 SWOT Analysis: spectrum chemical mfg.corp