Spain Bio-succinic Acid Market Size & Outlook, 2023-2030

The bio-succinic acid market in Spain is expected to reach a projected revenue of US$ 15.5 million by 2030. A compound annual growth rate of 11.8% is expected of Spain bio-succinic acid market from 2024 to 2030.
Revenue, 2023 (US$M)
$7.1
Forecast, 2030 (US$M)
$15.5
CAGR, 2024 - 2030
11.8%
Report Coverage
Spain

Spain bio-succinic acid market highlights

  • The Spain bio-succinic acid market generated a revenue of USD 7.1 million in 2023 and is expected to reach USD 15.5 million by 2030.
  • The Spain market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
  • In terms of segment, bdo was the largest revenue generating application in 2023.
  • Polyester Polyols is the most lucrative application segment registering the fastest growth during the forecast period.


Bio-succinic acid market data book summary

Market revenue in 2023USD 7.1 million
Market revenue in 2030USD 15.5 million
Growth rate11.8% (CAGR from 2023 to 2030)
Largest segmentBdo
Fastest growing segmentPolyester Polyols
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBDO, Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins, Other Applications
Key market players worldwideBasf SE, DSM Firmenich AG, BioAmber, Kawasaki Kisen Kaisha Ltd, Mitsui & Co Ltd, Mitsubishi Chemical Group Corp


Other key industry trends

  • In terms of revenue, Spain accounted for 5.6% 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 Europe, Germany bio-succinic acid market is projected to lead the regional market in terms of revenue in 2030.
  • Spain is the fastest growing regional market in Europe and is projected to reach USD 15.5 million by 2030.

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Bio-succinic Acid Market Companies

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Spain 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 35.21% in 2023. Horizon Databook has segmented the Spain 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 country-level data and insights on the Spain bio-succinic acid market , including forecasts for subscribers. This country databook contains high-level insights into Spain bio-succinic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Spain bio-succinic acid market size, by application, 2018-2030 (US$M)

Spain Bio-succinic Acid Market Outlook Share, 2023 & 2030 (US$M)

Spain bio-succinic acid market size, by application, 2018-2030 (US$M)

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