The North America Succinic Acid Market would witness market growth of 9.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 30,104.2 tonnes, showcasing a growth of 8.5% (2019-2022).
The cosmetic industry incorporates succinic acid in skincare and hair care product formulations. Its antimicrobial properties and ability to act as a pH adjuster contribute to the stability and efficacy of cosmetic formulations. It is utilized in the textile industry for dyeing and finishing processes. Its role in enhancing color fastness and acting as a cross-linking agent makes it a preferred choice in textile applications. The market is witnessing a surge in demand for bio-based materials and polymers. As industries strive to lower their environmental footprint, it offers a sustainable alternative to traditional petrochemical-based compounds.
Fermentation processes play a crucial role in succinic acid production. Ongoing advancements in fermentation technologies, including genetically modified microorganisms and optimization of fermentation parameters, contribute to increased yields and cost-effectiveness. With a growing global awareness of environmental sustainability, industries increasingly incorporate succinic acid into their production processes. The market is witnessing a change towards sustainable practices, with succinic acid being recognized as a key player in the evolution to a circular economy. The market is characterized by continuous research and development initiatives to explore new applications and improve production methods. Collaborations between academic institutions, research organizations, and industry players drive innovation in the field.
According to the International Trade Administration, Mexico's cosmetics and personal care products industry is estimated to be worth USD 7.24 million in 2022. Mexico imported USD 1.4 billion in cosmetics and personal care products in 2022, of which 35 percent was made in the United States. Consumers in Mexico are increasingly seeking sustainable and environmentally friendly beauty products. As a bio-based ingredient, succinic acid fits well into the sustainable beauty trend. Its inclusion in formulations can appeal to environmentally conscious consumers. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Succinic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $111,855.6 Thousands by 2030. The Canada market is registering a CAGR of 11.6% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 10.6% during (2023 - 2030).
Free Valuable Insights: The Succinic Acid Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
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.
North America Succinic Acid Market Report Segmentation
By Type (Volume, Tonnes, USD Million, 2019-2030)
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)
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 2 North America Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 3 North America Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 4 North America Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 5 North America Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 6 North America Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 7 North America Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 8 North America Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 9 North America Petro-based Market by Country, 2019 - 2022, USD Thousands
TABLE 10 North America Petro-based Market by Country, 2023 - 2030, USD Thousands
TABLE 11 North America Petro-based Market by Country, 2019 - 2022, Tonnes
TABLE 12 North America Petro-based Market by Country, 2023 - 2030, Tonnes
TABLE 13 North America Bio-based Market by Country, 2019 - 2022, USD Thousands
TABLE 14 North America Bio-based Market by Country, 2023 - 2030, USD Thousands
TABLE 15 North America Bio-based Market by Country, 2019 - 2022, Tonnes
TABLE 16 North America Bio-based Market by Country, 2023 - 2030, Tonnes
TABLE 17 North America Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 18 North America Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 19 North America Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 20 North America Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 21 North America Industrial Market by Country, 2019 - 2022, USD Thousands
TABLE 22 North America Industrial Market by Country, 2023 - 2030, USD Thousands
TABLE 23 North America Industrial Market by Country, 2019 - 2022, Tonnes
TABLE 24 North America Industrial Market by Country, 2023 - 2030, Tonnes
TABLE 25 North America Food & Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 26 North America Food & Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 27 North America Food & Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 28 North America Food & Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 29 North America Coatings Market by Country, 2019 - 2022, USD Thousands
TABLE 30 North America Coatings Market by Country, 2023 - 2030, USD Thousands
TABLE 31 North America Coatings Market by Country, 2019 - 2022, Tonnes
TABLE 32 North America Coatings Market by Country, 2023 - 2030, Tonnes
TABLE 33 North America Pharmaceutical Market by Country, 2019 - 2022, USD Thousands
TABLE 34 North America Pharmaceutical Market by Country, 2023 - 2030, USD Thousands
TABLE 35 North America Pharmaceutical Market by Country, 2019 - 2022, Tonnes
TABLE 36 North America Pharmaceutical Market by Country, 2023 - 2030, Tonnes
TABLE 37 North America Personal Care & Cosmetics Market by Country, 2019 - 2022, USD Thousands
TABLE 38 North America Personal Care & Cosmetics Market by Country, 2023 - 2030, USD Thousands
TABLE 39 North America Personal Care & Cosmetics Market by Country, 2019 - 2022, Tonnes
TABLE 40 North America Personal Care & Cosmetics Market by Country, 2023 - 2030, Tonnes
TABLE 41 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 42 North America Others Market by Country, 2023 - 2030, USD Thousands
TABLE 43 North America Others Market by Country, 2019 - 2022, Tonnes
TABLE 44 North America Others Market by Country, 2023 - 2030, Tonnes
TABLE 45 North America Succinic Acid Market by Country, 2019 - 2022, USD Thousands
TABLE 46 North America Succinic Acid Market by Country, 2023 - 2030, USD Thousands
TABLE 47 North America Succinic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 48 North America Succinic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 49 US Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 50 US Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 51 US Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 52 US Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 53 US Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 54 US Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 55 US Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 56 US Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 57 US Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 58 US Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 59 US Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 60 US Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 61 Canada Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 62 Canada Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 63 Canada Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 64 Canada Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 65 Canada Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 66 Canada Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 67 Canada Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 68 Canada Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 69 Canada Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 70 Canada Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 71 Canada Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 72 Canada Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 73 Mexico Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 74 Mexico Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 75 Mexico Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 76 Mexico Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 77 Mexico Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 78 Mexico Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 79 Mexico Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 80 Mexico Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 81 Mexico Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 82 Mexico Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 83 Mexico Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 84 Mexico Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 85 Rest of North America Succinic Acid Market, 2019 - 2022, USD Thousands
TABLE 86 Rest of North America Succinic Acid Market, 2023 - 2030, USD Thousands
TABLE 87 Rest of North America Succinic Acid Market, 2019 - 2022, Tonnes
TABLE 88 Rest of North America Succinic Acid Market, 2023 - 2030, Tonnes
TABLE 89 Rest of North America Succinic Acid Market by Type, 2019 - 2022, USD Thousands
TABLE 90 Rest of North America Succinic Acid Market by Type, 2023 - 2030, USD Thousands
TABLE 91 Rest of North America Succinic Acid Market by Type, 2019 - 2022, Tonnes
TABLE 92 Rest of North America Succinic Acid Market by Type, 2023 - 2030, Tonnes
TABLE 93 Rest of North America Succinic Acid Market by End-use, 2019 - 2022, USD Thousands
TABLE 94 Rest of North America Succinic Acid Market by End-use, 2023 - 2030, USD Thousands
TABLE 95 Rest of North America Succinic Acid Market by End-use, 2019 - 2022, Tonnes
TABLE 96 Rest of North America Succinic Acid Market by End-use, 2023 - 2030, Tonnes
TABLE 97 Key Information – BASF SE
TABLE 98 Key Information – Parchem – fine & specialty chemicals
TABLE 99 Key Information – The Dow Chemical Company
TABLE 100 Key Information – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
TABLE 101 Key Information – Nippon Shokubai Co., Ltd.
TABLE 102 Key Information – Roquette Freres SA
TABLE 103 Key Information – spectrum chemical mfg.corp
TABLE 104 Key Information – The Chemical Company
TABLE 105 Key Information – Ernesto Ventos S.A.
TABLE 106 Key Information – Anhui Sunsing Chemicals CO., LTD.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Succinic Acid Market share by Type, 2022
FIG 6 North America Succinic Acid Market share by Type, 2030
FIG 7 North America Succinic Acid Market by Type, 2019 - 2030, USD Thousands
FIG 8 North America Succinic Acid Market share by End-use, 2022
FIG 9 North America Succinic Acid Market share by End-use, 2030
FIG 10 North America Succinic Acid Market by End-use, 2019 - 2030, USD Thousands
FIG 11 North America Succinic Acid Market share by Country, 2022
FIG 12 North America Succinic Acid Market share by Country, 2030
FIG 13 North America 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