The Global Industrial Grade Bio-based Succinic Acid Market was valued at USD 79.4 Million in 2024 and is projected to reach USD 134 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2024–2032). This growth is being driven by stringent global carbon emission policies, rising demand for biodegradable polymers, and the accelerating shift toward sustainable platform chemicals across the chemical, packaging, and automotive industries.

As the chemical sector accelerates its green transition to meet global sustainability goals, the focus is on the pioneering companies that are scaling up bio-based succinic acid production through advanced fermentation and biotech innovations. In this blog, we profile the Top 10 Companies in the Industrial Grade Bio-based Succinic Acid Market—a blend of global chemical giants and pioneering biotech firms shaping the future of green chemistry.

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🔟 1. Huaheng Biotech

Headquarters: Weifang, Shandong, China
Key Offering: High-Purity Bio-based Succinic Acid (Fermentation-based)

Huaheng Biotech is a dominant player and a leading volume producer of industrial-grade bio-based succinic acid in the Asia-Pacific region. The company operates a major fermentation facility based on proprietary microorganism strains and downstream purification technology. Its primary market is China, but it also serves export markets in Europe and North America.

Innovation & Growth Focus:

• Continuous expansion of fermentation capacity to meet surging demand for biodegradable plastics
• Investment in R&D for strain optimization to improve yield and reduce production costs
• Strategic partnerships with downstream polymer manufacturers, including PBS producers

Download FREE Sample Report: Industrial Grade Bio-based Succinic Acid Market – View in Detailed Research Report

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9️⃣ 2. LCY Biosciences (BioAmber Inc.)

Headquarters: Sarnia, Ontario, Canada
Key Offering: BioAmber® Brand Bio-Succinic Acid

LCY Biosciences, following its acquisition of BioAmber’s technology and assets, is a key Western producer with a strong technological heritage. It utilizes proprietary yeast strain fermentation technology that is efficient at low pH, significantly reducing downstream recovery costs. The company’s product is a critical feedstock for bio-based 1,4-Butanediol (BDO) and polyurethanes.

Innovation & Growth Focus:

• Leveraging low-pH yeast fermentation technology for cost-competitive production
• Focusing on high-value derivatives like bio-BDO for the performance materials sector
• Strategic asset optimization and expansion to serve North American and EU markets

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based Succinic Acid (under development for PBS capacities)

Although a relative late entrant into direct succinic acid production, BASF leverages its immense global scale and R&D capabilities in the broader succinic acid derivatives market. The chemical giant has a strategic interest in bio-based succinic acid as a building block for its biodegradable polymer, ecovio®, which contains PBAT and uses succinic acid-derived components.

Innovation & Growth Focus:

• Vertical integration into bio-based feedstocks for its polymer portfolio
• Significant R&D in catalysis and fermentation process optimization
• Commitment to achieving carbon-neutral growth by 2030, driving demand for bio-intermediates

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7️⃣ 4. Roquette (Reverdia joint venture with DSM)

Headquarters: Lestrem, France (Roquette); Cassano Spinola, Italy (Reverdia plant)
Key Offering: Reverdia® Biosuccinium™ (using proprietary low-pH yeast technology)

Roquette, through its Reverdia joint venture, is a prominent, stable producer in the European market with a focus on quality and application development. Its Biosuccinium™ is produced via a unique, patented yeast-based process that is energy-efficient and yields a high-purity product suitable for demanding applications like thermoplastic polyurethanes (TPU) and PBS.

Innovation & Growth Focus:

• Application development partnerships with brand owners in footwear, automotive, and packaging
• Process efficiency improvements to enhance competitiveness against petrochemical alternatives
• Alignment with EU circular economy and bio-economy policy frameworks

Download FREE Sample Report: Industrial Grade Bio-based Succinic Acid Market – View in Detailed Research Report

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6️⃣ 5. Kingfa Biotech (Subsidiary of Kingfa Sci. & Tech.)

Headquarters: Guangzhou, Guangdong, China
Key Offering: Bio-based Succinic Acid (integrated with downstream PBS production)

Kingfa Biotech benefits from its parent company’s established leadership in the global modified plastics market. It pursues an integrated production model, utilizing bio-succinic acid as a primary feedstock for its large-scale polylactic acid (PLA) and polybutylene succinate (PBS) production, creating a closed-loop, cost-effective supply chain.

Innovation & Growth Focus:

• Vertical integration from bio-succinic acid to finished biodegradable polymers (PBS, PBSA)
• Capacity scaling driven by domestic Chinese demand for compostable plastics
• Emphasis on reducing overall carbon footprint of its biopolymer portfolio

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5️⃣ 6. Nippon Shokubai Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Bio-based Succinic Acid (via partnership and internal R&D)

Nippon Shokubai, a leading global producer of acrylic acid and superabsorbent polymers, is actively developing bio-based succinic acid capabilities as part of its sustainable growth strategy. It leverages its expertise in catalysis and chemical process engineering to innovate in the bio-space, targeting applications in resins, solvents, and plasticizers.

Innovation & Growth Focus:

• Development of proprietary catalysts for efficient conversion of biomass to succinic acid
• Targeting high-margin applications in bio-based polyols and non-phthalate plasticizers
• Focus on the Japanese and Asian markets where green chemistry regulations are tightening

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4️⃣ 7. Succinity GmbH (Joint Venture of BASF and Corbion)

Headquarters: Düsseldorf, Germany (Production in Montmeló, Spain)
Key Offering: Bio-based Succinic Acid under the Succinity® brand

Succinity GmbH, a notable European joint venture, combines BASF’s market strength with Corbion’s fermentation expertise. The company operates a dedicated commercial-scale production plant in Spain, focusing on high-quality, consistent supply for applications in industrial polymers, paints & coatings, and personal care.

Innovation & Growth Focus:

• Proven commercial-scale production using a unique, sustainable fermentation process
• Dedicated focus on developing standardized, high-quality product grades for various industries
• Leveraging the parent companies’ global sales and distribution networks

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3️⃣ 8. Shandong Landian Biological Technology Co., Ltd.

Headquarters: Heze, Shandong, China
Key Offering: Industrial and Food Grade Bio-based Succinic Acid

Shandong Landian is an emerging Chinese biotech company that has invested in building modern fermentation capacity for bio-succinic acid. The company is positioning itself as a flexible supplier catering to both the bulk industrial polymer market and the more specialized, higher-value food and pharmaceutical intermediate sectors.

Innovation & Growth Focus:

• Diversifying product portfolio to target multiple end-use industries and improve margins
• Adoption of advanced membrane filtration and purification technologies
• Capitalizing on China’s domestic biomanufacturing push and sustainability targets

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2️⃣ 9. TaiChuang Biochemical Technology

Headquarters: Weifang, Shandong, China
Key Offering: Bio-Succinic Acid (Industrial Grade)

TaiChuang Biochemical is a significant volume contributor within the competitive Chinese bio-succinic acid landscape. Its strategy is centered on achieving economies of scale and optimizing production costs to serve the high-volume, price-sensitive polymer markets, particularly PBS and plasticizers.

Innovation & Growth Focus:

• Focus on process scale-up and operational efficiency to drive down unit production cost
• Serving the vast and growing domestic Chinese market for bio-based materials
• Exploring partnerships for technological upgrades and export market access

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1️⃣ 10. Technip Energies (via its Bio-based Process Technology)

Headquarters: Paris, France
Key Offering: Technology Licensing for Bio-based Succinic Acid Production

Technip Energies is a unique entity on this list, acting as a key enabler rather than a direct producer. As a leading engineering and technology firm, it licenses proprietary bio-succinic acid production technology, providing the design, engineering, and process know-how for building commercial-scale plants globally.

Innovation & Growth Focus:

• Licensing of integrated, cost-optimized process technology packages to new market entrants
• Continuous improvement of its fermentation and downstream processing technologies
• Enabling global capacity expansion by reducing technical and investment risks for clients

Get Full Report Here: Industrial Grade Bio-based Succinic Acid Market – View in Detailed Research Report

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🌍 Outlook: The Future of Industrial Chemicals Is Rooted in Bio-based Innovation

The industrial grade bio-based succinic acid market is undergoing a decisive transformation. While it currently represents a fraction of the total succinic acid market, it is on a rapid growth trajectory, fueled by sustainability imperatives that are reshaping global manufacturing.

📈 Key Trends Shaping the Market:

• Policy-driven demand from EU Green Deal, U.S. Bio-Preferred Program, and China’s dual carbon goals
• Expansion of capacity, particularly in Asia, with new integrated biorefinery models
• Breakthroughs in metabolic engineering and fermentation processes to achieve cost parity with petrochemicals
• Growing application diversity in polyurethanes, coatings, plasticizers, and beyond, moving beyond traditional polymers

Get Full Report Here: Industrial Grade Bio-based Succinic Acid Market – View in Detailed Research Report

The companies listed above are not only producing a green chemical intermediate—they are actively engineering the foundation for a circular, low-carbon economy in the chemicals and materials sector.