Succinic Acid- Production and Diverse Applications

Succinic acid, also known as butanedioic acid, is a dicarboxylic acid with the chemical formula C4H6O4. It is a naturally occurring compound found in various plants and animals and is also produced in small quantities by the human body as an intermediate in the citric acid cycle. Succinic acid has a white, odorless solid appearance and is soluble in water.

The Succinic Acid Market size is projected to reach USD 237.8 million by 2027, at a CAGR of 6.8%.

Key points about succinic acid include:

Chemical versatility: Succinic acid has gained attention for its chemical versatility, as it can be used in the production of a wide range of chemicals, polymers, and resins.

Industrial applications: It is used to make a variety of compounds, including 1,4-butanediol, which is used to make plastics, polyurethanes, and synthetic textiles. It is also utilized in the manufacture of resins, coatings, and pigments.

Pharmaceutical applications: Succinic acid is used in the pharmaceutical industry as an excipient in the manufacturing of drugs. It is also being studied for potential use in the treatment of certain medical conditions.

Food and beverage industry: It is utilized in the food and beverage industries as an acidity regulator, flavoring agent, and preservative. Food grade succinic acid and its derivatives are utilized in the manufacture of food additives as well as in the composition of several food packaging materials.

Renewable resource: Succinic acid can be produced from renewable resources, such as biomass, and has garnered interest as a potential building block for the production of biodegradable polymers and other sustainable materials.

Based on type, the succinic acid market has been segmented into petro-based succinic acid and bio-based succinic acid. Petro-based succinic acid is projected to be the largest segment of the market during the forecast period. The demand for petro-based succinic acid is high due to its cost-effectiveness and efficiency in various applications in the chemical industry, such as polyester polyols for manufacturing polyurethane, PBS, and personal care.