Middle East & Africa Bio-succinic Acid Market Size & Outlook
Middle East & Africa bio-succinic acid market, 2018-2030 (US$M)
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MEA bio-succinic acid market highlights
- The MEA bio-succinic acid market generated a revenue of USD 5.2 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, polyester polyols was the largest revenue generating application in 2023.
- Plasticizers is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 5.2 million |
| Market revenue in 2030 | USD 9.6 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Polyester polyols |
| Fastest growing segment | Plasticizers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BDO, Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins, Other Applications |
| Key market players worldwide | Basf SE, DSM Firmenich AG, BioAmber, Kawasaki Kisen Kaisha Ltd, Mitsui & Co Ltd, Mitsubishi Chemical Group Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.1% of the global bio-succinic acid market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 74.9 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Bio-succinic Acid Market Scope
Bio-succinic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa bio-succinic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio-succinic acid market will help companies and investors design strategic landscapes.
Polyester polyols was the largest segment with a revenue share of 36.54% in 2023. Horizon Databook has segmented the Middle East & Africa bio-succinic acid market based on bdo, polyester polyols, plasticizers, pbs/pbst, alkyd resins, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bio-succinic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bio-succinic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA bio-succinic acid market size, by country, 2018-2030 (US$M)
Middle East & Africa Bio-succinic Acid Market Outlook Share, 2023 & 2030 (US$M)
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