Thailand Bio-succinic Acid Market Size & Outlook

The bio-succinic acid market in Thailand is expected to reach a projected revenue of US$ 11.3 million by 2030. A compound annual growth rate of 12.5% is expected of Thailand bio-succinic acid market from 2024 to 2030.
Revenue, 2023 (US$M)
$4.9
Forecast, 2030 (US$M)
$11.3
CAGR, 2024 - 2030
12.7%
Report Coverage
Thailand

Thailand bio-succinic acid market highlights

  • The Thailand bio-succinic acid market generated a revenue of USD 4.9 million in 2023 and is expected to reach USD 11.3 million by 2030.
  • The Thailand market is expected to grow at a CAGR of 12.5% 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 4.9 million
Market revenue in 2030USD 11.3 million
Growth rate12.5% (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, Thailand accounted for 3.9% 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 Asia Pacific, China bio-succinic acid market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 15.1 million by 2030.

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Bio-succinic Acid Market Companies

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Thailand 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 34.69% in 2023. Horizon Databook has segmented the Thailand 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 Thailand bio-succinic acid market , including forecasts for subscribers. This country databook contains high-level insights into Thailand bio-succinic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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