The Global Phenyl Succinic Acid Market was valued at US$ 15.2 Million in 2022 and is projected to reach US$ 25.8 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2023–2029). This growth is being driven by rising demand in the electronics industry for high-purity chemicals, expanding applications in flux and solder paste manufacturing, and the increasing focus on advanced materials in semiconductors and consumer electronics sectors.

As the chemical sector evolves toward precision materials and sustainable production methods, the focus turns to key manufacturers who are advancing synthesis techniques, ensuring high purity levels, and meeting the stringent needs of modern electronics. In this blog, we profile the Top 10 Companies in the Phenyl Succinic Acid Industry—a blend of specialized chemical producers, global giants, and innovators shaping the future of specialty chemicals.

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🔟 1. Shandong Fengyuan Chemical Co., Ltd.

Headquarters: Jinan, Shandong, China
Key Offering: 98% and 99% Purity Phenyl Succinic Acid

Shandong Fengyuan Chemical stands out as a leading producer in Asia, supplying high-quality phenyl succinic acid for electronic and industrial applications. The company excels in large-scale synthesis, serving clients in the semiconductor and soldering industries with reliable purity grades that meet international standards.

Innovation Initiatives:

• Investment in advanced purification technologies to enhance product consistency

• Expansion of production capacity to meet growing Asian market demands

• Collaborations with electronics firms for custom formulations

Download FREE Sample Report: Phenyl Succinic Acid Market – View in Detailed Research Report

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9️⃣ 2. Beijing Risun Technology Co., Ltd.

Headquarters: Beijing, China
Key Offering: High-Purity Phenyl Succinic Acid for Flux and Solder Applications

Beijing Risun Technology is a prominent player in China’s chemical landscape, focusing on specialty acids like phenyl succinic acid. Their products are widely used in the production of electronic chemicals, supporting the booming consumer electronics sector with efficient supply chains and quality assurance.

Innovation Initiatives:

• R&D programs aimed at eco-friendly synthesis processes

• Partnerships with local universities for material science advancements

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8️⃣ 3. Shanghai Chence New Material Technology Co., Ltd.

Headquarters: Shanghai, China
Key Offering: 99% Purity Phenyl Succinic Acid for Electronic Chemicals

Shanghai Chence New Material Technology specializes in innovative chemical materials, with phenyl succinic acid as a core offering. The company caters to the electronics industry by providing compounds essential for flux and solder paste, emphasizing precision and reliability in every batch.

Innovation Initiatives:

• Development of application-specific grades for semiconductor manufacturing

• Supply partnerships with major electronics assemblers in Southeast Asia

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialty Phenyl Succinic Acid Derivatives for Industrial Use

BASF, a global leader in chemicals, incorporates phenyl succinic acid into its portfolio of fine chemicals. Their expertise in large-scale production supports applications in electronic chemicals and beyond, with a strong emphasis on sustainable sourcing and manufacturing practices.

Innovation Initiatives:

• Goal to increase bio-based chemical production by 20% by 2030

• Europe’s advanced R&D centers dedicated to high-purity materials

Download FREE Sample Report: Phenyl Succinic Acid Market – View in Detailed Research Report

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6️⃣ 5. Merck KGaA

Headquarters: Darmstadt, Germany
Key Offering: 98% Purity Phenyl Succinic Acid for Research and Electronics

Merck KGaA, through its Sigma-Aldrich division, is a key supplier of high-purity phenyl succinic acid worldwide. The company serves research institutions and industrial clients in the electronics sector, offering comprehensive support from lab-scale to commercial volumes.

Innovation Initiatives:

• Certified high-purity products available at global distribution points

• Focus on net-zero emissions in chemical manufacturing operations

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5️⃣ 6. Tokyo Chemical Industry Co., Ltd. (TCI)

Headquarters: Tokyo, Japan
Key Offering: Premium Phenyl Succinic Acid Grades for Solder Paste

TCI is renowned for its extensive catalog of organic chemicals, including phenyl succinic acid tailored for flux and solder applications. Operating across Asia and beyond, the company provides Japanese-quality precision to meet the demands of advanced electronics manufacturing.

Innovation Initiatives:

• Current output exceeding 500 tons annually for specialty acids

• Target to double capacity by 2027 through facility upgrades

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4️⃣ 7. Alfa Aesar (Thermo Fisher Scientific)

Headquarters: Ward Hill, Massachusetts, USA
Key Offering: Phenyl Succinic Acid for Electronic and Research Applications

Alfa Aesar, part of Thermo Fisher, delivers high-quality phenyl succinic acid to North American and global markets. Their role in supplying materials for electronic chemicals underscores their commitment to innovation in the materials science field.

Innovation Initiatives:

• Integration of sustainable sourcing in supply chains

• Ongoing R&D in synthetic pathways for cost efficiency

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3️⃣ 8. Avantor, Inc.

Headquarters: Radnor, Pennsylvania, USA
Key Offering: Industrial-Grade Phenyl Succinic Acid for Flux Production

Avantor supports the electronics industry with robust phenyl succinic acid solutions, focusing on scalability for solder paste and flux manufacturers. Their global network ensures timely delivery to key markets in North America and Europe.

Innovation Initiatives:

• Investments in digital tracking for supply chain transparency

• Collaborations to develop low-residue flux technologies

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2️⃣ 9. Santa Cruz Biotechnology, Inc.

Headquarters: Dallas, Texas, USA
Key Offering: High-Purity Phenyl Succinic Acid for Specialized Applications

Santa Cruz Biotechnology provides niche phenyl succinic acid products, particularly for research and emerging electronic uses. The company’s agility allows it to respond quickly to market needs in other segments like pharmaceuticals.

Innovation Initiatives:

• Aims for 300% growth in specialty chemical sales by 2030

• Major expansions in U.S.-based production facilities

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1️⃣ 10. Succinity GmbH

Headquarters: Frankfurt, Germany
Key Offering: Bio-Based Phenyl Succinic Acid Variants and Logistics

Succinity specializes in succinic acid derivatives, including phenyl succinic acid, with a focus on sustainable production. They support over 500 clients globally in electronics and materials, leading in bio-derived chemical distribution.

Innovation Initiatives:

• Comprehensive solutions for bio-sustainable chemical integration

• Strategic alliances with electronics producers and research bodies

Read Full Report: Phenyl Succinic Acid Market – View in Detailed Research Report

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🌍 Outlook: The Future of Phenyl Succinic Acid Is Precision and Sustainability

The phenyl succinic acid market is experiencing steady evolution. While traditional applications dominate, investments are pouring into high-purity variants, green synthesis methods, and expanded uses in advanced electronics.

📈 Key Trends Shaping the Market:

• Rapid expansion in high-purity (99%) segments for semiconductor flux

• Regulatory incentives for sustainable chemical production in the EU and US

• Digitalization of manufacturing processes for quality control and traceability

• Strategic alliances between chemical producers and electronics giants

Read Full Report: Phenyl Succinic Acid Market – View in Detailed Research Report

These companies are not only supplying essential materials—they’re pioneering the next generation of chemical innovation for a connected world.

Delving deeper, the market segmentation by type shows the 98% purity level currently leading due to cost-effectiveness in bulk applications like solder paste, but the 99% purity segment is gaining traction with its superior performance in sensitive electronic processes. Applications in electronic chemicals account for over 50% of demand, driven by the global surge in smartphones, wearables, and automotive electronics.

Regionally, Asia-Pacific dominates with more than 60% market share, fueled by manufacturing powerhouses. North America follows, supported by robust R&D investments, while Europe emphasizes eco-friendly alternatives. Challenges include supply chain disruptions from geopolitical events, but opportunities abound in recycling technologies and novel applications.

In terms of competitive landscape, the top players command about 40% of the revenue, with intense focus on capacity building. Mergers and acquisitions are likely as firms seek to consolidate expertise in synthesis and purification. Overall, stakeholders should monitor advancements in bio-catalysis, which could lower production costs and enhance sustainability.

The report from 24 Chemical Research provides in-depth analysis, including revenue forecasts from 2018-2032, sales volumes in MT, and profiles of key players. It covers influences like COVID-19 recovery and geopolitical tensions, ensuring a holistic view for strategic planning.

For those in the industry, understanding these dynamics is crucial. Whether you’re a manufacturer seeking suppliers or an investor eyeing growth, phenyl succinic acid represents a stable yet evolving niche. As electronics evolve, so does the need for precise chemicals like this, promising steady returns for innovators.

Finally, the emphasis on quality control and compliance with standards like REACH in Europe and TSCA in the US will shape competitive advantages. Companies investing in these areas now will lead tomorrow’s market.

Because the electronics industry continues to grow rapidly, especially in regions like Asia-Pacific, demand for reliable chemical intermediates like phenyl succinic acid is set to rise. However, challenges such as raw material volatility and regulatory pressures on chemical production are prompting companies to innovate. Furthermore, the push toward sustainable manufacturing is reshaping supply chains, with more firms exploring bio-based routes to reduce environmental impact.

This shift isn’t just about meeting current needs; it’s about anticipating future requirements in semiconductors, 5G technology, and electric vehicles, where flux and solder materials play critical roles. The market’s growth trajectory reflects broader trends in miniaturization and efficiency, ensuring that phenyl succinic acid remains a vital component.

Looking ahead, regional dynamics will influence expansion. Asia, led by China and Japan, holds the largest share due to manufacturing hubs, while North America and Europe focus on high-tech applications and R&D. Emerging markets in India and Southeast Asia offer untapped potential as electronics production diversifies.