Succinic Anhydride Market
The market for Succinic Anhydride was estimated at $1.8 billion in 2024; it is anticipated to increase to $2.8 billion by 2030, with projections indicating growth to around $4.1 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Succinic Anhydride Market Outlook
Revenue, 2024
$1.8B
Forecast, 2034
$3.8B
CAGR, 2025 - 2034
7.7%
The Succinic Anhydride industry revenue is expected to be around $2.0 billion in 2025 and expected to showcase growth with 7.7% CAGR between 2025 and 2034. The Succinic Anhydride market experiences strong growth because different industrial sectors require this chemical substance. The market demand for Succinic Anhydride continues to rise because of its multiple industrial applications and special characteristics. The market continues to grow because of technological progress which enables researchers to create new applications for Succinic Anhydride. The current market demands Succinic Anhydride because it serves multiple industries including pharmaceuticals and agriculture and food and beverages. The market experiences rapid growth because of increasing interest in sustainable green chemistry where Succinic Anhydride functions as a key component in this transformation.
Succinic Anhydride functions as a cyclic dicarboxylic anhydride which demonstrates high reactivity and multiple application possibilities. The compound functions as a catalyst and curing agent and cross linking agent for different chemical processes. Succinic Anhydride serves as a critical ingredient for manufacturing pharmaceuticals and dyes and resins and coatings and additional products.
Market Key Insights
- The Succinic Anhydride market is projected to grow from $1.8 billion in 2024 to $3.8 billion in 2034. This represents a CAGR of 7.7%, reflecting rising demand across Pharmaceuticals, Agriculture and Food & Beverage.
- BioAmber Inc., Myriant Corporation, Mitsubishi Chemical Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Succinic Anhydride market and are expected to observe the growth CAGR of 5.0% to 7.4% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and Indonesia are expected to observe highest growth with CAGR ranging between 8.9% to 10.6%.
- Transition like Green Chemistry Revolution is expected to add $119 million to the Succinic Anhydride market growth by 2030.
- The Succinic Anhydride market is set to add $2.0 billion between 2024 and 2034, with manufacturer targeting Resin & Coatings & Food & Beverage End-Users projected to gain a larger market share.
- With Rising demand in pharmaceutical industry, and Increased use in food additives, Succinic Anhydride market to expand 110% between 2024 and 2034.
Opportunities in the Succinic Anhydride
The North American food industry shows increasing interest in Succinic Anhydride because it also serves as both a flavor enhancer and food preservative. The market expansion in this region becomes possible because consumers want products that last longer and taste better.
Growth Opportunities in North America and Asia-Pacific
The Succinic Anhydride market finds its main center of operation in North America where the United States stands as the leading market. The market leadership of this region stems from its strong manufacturing base and substantial customer need for Succinic Anhydride across pharmaceuticals and food and beverage and resin applications. The regions sophisticated technology infrastructure enables the production of bio based Succinic Anhydride which shows growing popularity because of rising environmental awareness. The market encounters strong competition from alternative chemicals and faces regulatory hurdles because of its environmental effects.
The Asia Pacific region led by China and India shows fast market expansion for Succinic Anhydride. The region experiences industrial expansion which drives growth because of chemical and pharmaceutical sector development and increasing interest in bio based solutions. The region attracts manufacturers because it offers inexpensive raw materials and affordable labor costs. The region encounters two main obstacles which include unstable raw material costs and production technology requirements for process improvement.
Market Dynamics and Supply Chain
01
Driver: Rising Demand in Pharmaceutical Industry and Advancements in Bio based Succinic Anhydride Production
The pharmaceutical industry also drives a substantial market expansion because it needs more Succinic Anhydride. The pharmaceutical industry uses Succinic Anhydride as a fundamental component for creating different drug products such as antibiotics and antineoplastic agents which also drives up its market demand. The market also advances through two parallel developments which include rising pharmaceutical industry needs and new bio based Succinic Anhydride manufacturing techniques. The market also experiences growing adoption of environmentally friendly production methods which provide cost effective solutions while reducing dependence on petroleum based manufacturing and supporting worldwide sustainability initiatives.
The Succinic Anhydride market also experiences growth through its increasing use in resin and coatings applications. The compound provides improved durability and performance to resins and coatings which also drives its adoption across automotive and construction and electronic industries. The Succinic Anhydride market will also experience additional growth because of increasing sector requirements in the upcoming years.
02
Restraint: Regulatory Constraints Impacting the Production of Succinic Anhydride
The manufacturing process of Succinic Anhydride requires dangerous materials and methods which must comply with strict regulatory standards. The existing production restrictions imposed by these regulations act as a market growth constraint.
03
Opportunity: Rising Use of Succinic Anhydride in Asian Pharmaceutical Industry and Increased Demand for Bio Based Succinic Anhydride in Europe
Asian pharmaceutical companies in China and India are using Succinic Anhydride as a key ingredient for drug production because of its high reactivity and adaptability to meet the growing demand of the expanding pharmaceutical market. The pharmaceutical industry in this region can benefit from this by concentrating on manufacturing pharmaceutical grade Succinic Anhydride.
The European market shows increasing interest in bio based Succinic Anhydride because of environmental rules and consumer demand for sustainable solutions. The market trend creates an important business opportunity for producers to develop their bio based product range which includes plasticizers and resins and pharmaceuticals.
04
Challenge: High Production Cost and Fluctuating Raw Material Prices
The manufacturing process of Succinic Anhydride requires substantial financial resources. The production costs of Succinic Anhydride become unstable because maleic anhydride prices fluctuate which could limit market growth.
Supply Chain Landscape
1
Raw Material Suppliers
BioAmberMitsubishi Chemical Corporation
2
Intermediate Product Manufacturers
Ernesto Vents S.A.Nippon Shokubai Co. Ltd
3
Producers
Kawasaki Kasei ChemicalsThirumalai Chemicals Ltd
4
End User Industry
PharmaceuticalsResin CoatingAgriculture
1
Raw Material Suppliers
BioAmberMitsubishi Chemical Corporation
2
Intermediate Product Manufacturers
Ernesto Vents S.A.Nippon Shokubai Co. Ltd
3
Producers
Kawasaki Kasei ChemicalsThirumalai Chemicals Ltd
4
End User Industry
PharmaceuticalsResin CoatingAgriculture
Use Cases of Succinic Anhydride in Pharmaceuticals & Agriculture
Pharmaceuticals : The pharmaceutical industry uses Succinic Anhydride as a primary substance for drug development. The pharmaceutical industry depends on Succinic Anhydride as a reactant for making active pharmaceutical ingredients because of its chemical reactivity. The pharmaceutical industry leaders Pfizer and Novartis utilize Succinic Anhydrides exceptional properties for maintaining their market dominance through its high reactivity and multiple applications.
Agriculture : The agricultural industry mainly employs Succinic Anhydride to manufacture pesticides and herbicides. The chemical functions as a key component in the manufacturing process of these products to boost their operational effectiveness. The market leadership of Bayer and Syngenta depends on their use of Succinic Anhydride to create effective agricultural products.
Food & Beverage : The food and beverage industry utilizes Succinic Anhydride as a key component. The acidic properties of Succinic Anhydride make it suitable for use as a flavor enhancer and food preservative in the industry. The market leaders Nestle and Unilever utilize Succinic Anhydride to improve product shelf life and flavor which helps them maintain their market dominance.
Recent Developments
Succinic Anhydride has become a major focus for the chemical industry because of its expanding market trends throughout the last few years. The chemical industry depends on Succinic Anhydride as a fundamental material for creating resins and pharmaceuticals and agricultural chemicals which drives increasing market demand. The pharmaceutical industry drives the main growth of Succinic Anhydride demand because this compound serves as a crucial ingredient in drug manufacturing.
December 2024 : BioAmber Inc. announced an expansion of Succinic Anhydride production to meet rising worldwide requirements for environmentally friendly chemical products.
October 2024 : Mitsubishi Chemical Corporation introduced a new range of Succinic Anhydride products with high purity levels to serve the electronics sector.
August 2024 : BASF SE launched a new bio based Succinic Anhydride product which demonstrates their dedication to sustainable development through green chemistry practices.
Impact of Industry Transitions on the Succinic Anhydride Market
As a core segment of the Intermediate Chemicals industry,
the Succinic Anhydride market develops in line with broader industry shifts.
Over recent years, transitions such as Green Chemistry Revolution and Rise of Bio based Plastics have redefined priorities
across the Intermediate Chemicals sector,
influencing how the Succinic Anhydride market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Green Chemistry Revolution
The chemical industry has started a major shift toward green chemistry through Succinic Anhydride which leads this transformation. The production of Succinic Anhydride now occurs through bio based methods which use renewable biomass resources instead of traditional fossil fuel sources. The industry wide transformation toward green chemistry produces two major effects because it decreases chemical production emissions while creating a lasting supply system for Succinic Anhydride dependent industries including pharmaceuticals and agriculture and food and beverage production. The shift toward green chemistry has created fresh possibilities for innovation which resulted in the creation of new Succinic Anhydride applications for biodegradable polymers and environmentally friendly solvents.
02
Rise of Bio based Plastics
The polymer industry now focuses on bio based plastics because of rising environmental worries and strict plastic waste regulations. The polymer industry depends on Succinic Anhydride to create high quality biodegradable plastics for this industry transition.