The Global Amber Acid Market was valued at USD 1.52 Billion in 2024 and is projected to reach USD 2.44 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This robust growth is being fueled by the escalating demand for bio-based chemicals, the expansion of the biodegradable plastics sector (notably PBS and PBAT), and increasing applications in pharmaceuticals and food ingredients.

As the global economy pivots towards sustainability, amber acid (succinic acid) stands out as a crucial bio-based platform chemical. The industry’s trajectory is defined by key producers who are scaling up innovative fermentation and chemical synthesis technologies. In this profile, we examine the Top 10 Companies in the Amber Acid Industry—a blend of chemical giants, specialized bio-tech firms, and strategic innovators driving the market forward.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based Succinic Acid, Chemical Intermediates

As a global chemical leader, BASF is a major player in the succinic acid market, leveraging its extensive petrochemical and biotechnology expertise. The company produces succinic acid for a wide array of applications, including polyesters, plasticizers, and resins, with a strong focus on developing bio-based production pathways to enhance sustainability.

Strategic Initiatives:

• Investment in renewable raw materials for chemical production

• Development of Verdessence® succinic acid for high-performance polymers

• Commitment to carbon-neutral growth through innovative processes

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9️⃣ 2. Reverdia (Joint Venture of DSM and Roquette)

Headquarters: Lestrem, France (Roquette) / Heerlen, Netherlands (DSM)
Key Offering: Biosuccinium® (Bio-based Succinic Acid)

Reverdia is a pioneering joint venture specifically formed to produce and market biosuccinic acid. Utilizing a proprietary yeast-based fermentation technology, Reverdia’s Biosuccinium® offers a sustainable alternative to petroleum-based succinic acid, serving markets from plastics to food and personal care.

Sustainability Initiatives:

• World’s first commercial-scale biosuccinic acid production using low-pH yeast technology

• Focus on reducing the carbon footprint of downstream products

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8️⃣ 3. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Petrochemical-based and Bio-based Succinic Acid

Mitsubishi Chemical holds a significant position in the global chemical market, including succinic acid. The company’s diverse portfolio caters to the production of engineering plastics, solvents, and fine chemicals, with ongoing R&D to integrate bio-based feedstocks into its manufacturing processes.

Sustainability Initiatives:

• Integration of biomass-derived materials into core product lines

• Development of bio-PBS (Polybutylene Succinate) for biodegradable plastics

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7️⃣ 4. GC Innovation America (PTT Global Chemical)

Headquarters: Bangkok, Thailand
Key Offering: Bio Succinic Acid for Biopolymers

As part of Thailand’s PTT Global Chemical, this division is heavily invested in the bio-plastics value chain. The company produces bio-succinic acid as a key building block for compostable polymers, positioning itself as a critical supplier in the Asia-Pacific region’s growing sustainable materials market.

Sustainability Initiatives:

• Major investments in bio-refinery projects for bioplastics

• Strategic focus on creating a circular economy for plastics

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6️⃣ 5. Shandong Lixing Chemical Co., Ltd.

Headquarters: Zibo City, Shandong, China
Key Offering: Petrochemical-based Succinic Acid

Shandong Lixing Chemical is one of China’s prominent producers of succinic acid via traditional chemical synthesis. The company supplies large volumes to the domestic and international markets for applications in food, pharmaceuticals, and industrial resins.

Sustainability Initiatives:

• Process optimization for improved energy efficiency

• Exploration of green chemistry principles in manufacturing

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5️⃣ 6. Nippon Shokubai Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-Purity Succinic Acid, Chemical Intermediates

Nippon Shokubai is a leading Japanese chemical company with a strong emphasis on catalyst and functional polymer technologies. Its succinic acid products are used in superabsorbent polymers, paints, and adhesives, with ongoing development of eco-friendly production methods.

Sustainability Initiatives:

• Development of catalytic processes for greener chemical synthesis

• Active participation in creating sustainable material solutions

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4️⃣ 7. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Bio-based Succinic Acid (via PURAC)

Through its acquisition of PURAC, Corbion has become a significant force in the bio-based succinic acid market. The company leverages its deep expertise in fermentation to produce high-purity succinic acid for applications in biodegradable plastics, food, and pharmaceuticals.

Sustainability Initiatives:

• Leader in lactic acid and derivatives, expanding into succinic acid

• Dedicated to providing renewable alternatives to fossil-based chemicals

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3️⃣ 8. Anqing Hexing Chemical Co., Ltd.

Headquarters: Anqing, Anhui, China
Key Offering: Succinic Acid and Derivatives

Anqing Hexing Chemical is a key Chinese manufacturer specializing in fine chemicals, including succinic acid. The company serves a broad industrial base, supplying intermediates for the production of dyes, pharmaceuticals, and polymers.

Sustainability Initiatives:

• Focus on production efficiency and waste reduction

• Adapting to stricter environmental regulations in China

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2️⃣ 9. Kawasaki Kasei Chemicals Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty Succinic Acid Grades

Kawasaki Kasei Chemicals is a specialized producer of fine and industrial chemicals. The company offers various grades of succinic acid tailored for specific applications in electronics, coatings, and pharmaceutical synthesis.

Sustainability Initiatives:

• Development of high-value, performance-oriented chemical solutions

• Commitment to quality and environmental stewardship

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1️⃣ 10. Gadiv Petrochemical Industries Ltd.

Headquarters: Haifa, Israel
Key Offering: Petrochemical-derived Succinic Acid

Gadiv is a significant producer of organic acids and derivatives in the Middle East. The company’s succinic acid is utilized in regional markets for industrial applications, contributing to the local chemical manufacturing ecosystem.

Sustainability Initiatives:

• Process innovation to minimize environmental impact

• Strategic role in the regional chemical supply chain

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🌍 Outlook: The Future of Amber Acid Is Bio-Based and Circular

The amber acid market is at a pivotal juncture. While petrochemical routes currently dominate production capacity, the industry’s future is unmistakably linked to bio-based and circular economy principles. Investments in fermentation technology, sustainable feedstocks, and green chemistry are reshaping the competitive landscape.

📈 Key Trends Shaping the Market:

• Accelerated shift from petroleum-based to bio-based production methods

• Rising demand for biodegradable plastics (PBS, PBAT) driving volume growth

• Expansion of application scope in pharmaceuticals, food, and personal care

• Strategic partnerships and joint ventures to de-risk technology scaling

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The companies profiled are not just producing a chemical intermediate; they are actively building the foundation for a more sustainable and circular chemical industry. Their innovations are critical to reducing dependency on fossil fuels and enabling a lower-carbon future.