Saudi Arabia Bio-succinic Acid Market Size & Outlook
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Saudi Arabia bio-succinic acid market highlights
- The Saudi Arabia bio-succinic acid market generated a revenue of USD 1.4 million in 2023 and is expected to reach USD 2.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, bdo was the largest revenue generating application in 2023.
- PBS/PBST is the most lucrative application segment registering the fastest growth during the forecast period.
Bio-succinic acid market data book summary
| Market revenue in 2023 | USD 1.4 million |
| Market revenue in 2030 | USD 2.7 million |
| Growth rate | 9.9% (CAGR from 2024 to 2030) |
| Largest segment | Bdo |
| Fastest growing segment | PBS/PBST |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.1% of the global bio-succinic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia bio-succinic acid market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.7 million by 2030.
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Bio-succinic Acid Market Scope
Bio-succinic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kawasaki Kisen Kaisha Ltd | View profile | 5406 | Iino Building, 2-1-1, Uchisaiwaicho, Chiyoda-Ku, Tokyo, Japan, 100-8540 | http://www.kline.co.jp |
| Mitsui & Co Ltd | View profile | 55874 | 1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8631 | https://www.mitsui.com |
| BioAmber | View profile | 51-100 | Plymouth, Minnesota, United States, North America | http://www.bio-amber.com |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| DSM Firmenich AG | View profile | 30000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | https://www.dsm-firmenich.com/corporate/home.html |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Saudi Arabia 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.
Bdo was the largest segment with a revenue share of 35.71% in 2023. Horizon Databook has segmented the Saudi Arabia 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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Our clientele includes a mix of bio-succinic acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia bio-succinic acid market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia bio-succinic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia bio-succinic acid market size, by application, 2018-2030 (US$M)
Saudi Arabia Bio-succinic Acid Market Outlook Share, 2023 & 2030 (US$M)
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