Europe Butanedioic Acid Market was valued at USD 0.55 Billion in 2022 and is projected to reach USD 1.05 Billion by 2030, growing at a CAGR of 8.7% from 2024 to 2030.
The Europe Butanedioic Acid Market has been experiencing steady growth due to its increasing demand across multiple industries. Butanedioic acid, also known as succinic acid, is a versatile chemical used in various applications, including pharmaceuticals, food and beverages, industrial chemicals, and bio-based products. The market's growth is driven by the rising preference for sustainable and bio-based chemicals in these sectors.
One of the key factors contributing to the demand for Butanedioic acid is its application in the pharmaceutical industry. This acid is used in the production of several essential medications, including those for treating infections, respiratory disorders, and cancer. Additionally, the increasing trend of using Butanedioic acid as a precursor to biodegradable plastics is gaining momentum, making it a preferred choice in the chemical industry. The need for such eco-friendly materials is vital in meeting Europe’s stringent environmental regulations.
Another significant sector driving the demand for Butanedioic acid is the food and beverage industry. It is used as an acidity regulator and flavor enhancer in several products. As consumers are becoming more health-conscious, the demand for clean-label ingredients has led to an increased preference for bio-based chemicals like Butanedioic acid. In this context, industries are shifting toward sustainable production practices, further accelerating the market’s growth.
Moreover, the automotive and construction industries have also shown a growing need for Butanedioic acid as a component in coatings and adhesives. The chemical’s properties make it a useful intermediate in the production of materials that require durability and flexibility. This shift towards more efficient and sustainable industrial products is set to boost the European market further.
Additionally, key market players are investing in research and development to meet the rising demand for bio-based Butanedioic acid. These developments are expected to improve production efficiency and sustainability, leading to more affordable options for industries and consumers alike. With such advancements, the Europe Butanedioic Acid Market is poised for a significant transformation in the coming years, as demand continues to increase from various industrial sectors.
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LCY Biosciences（BioAmber）
GC Innovation America
Roquette（Reverdia）
Succinity GmbH
Mitsubishi Chemical
Kawasaki Kasei Chemicals
Nippon Shokubai
Feiyang Chemical
Sunsing Chemicals
Jinbaoyu Technology
Shandong Landian Biological Technology Co.
LTD
Shanghai shenren Fine chemical Co.
ltd.
Weinan Huifeng
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Butanedioic Acid Market
Food and Beverage
Pharmaceuticals
Cosmetics and Personal Care
Agriculture (Fertilizers and Pesticides)
Plastics and Polymers
Textiles
Pure Butanedioic Acid
Butanedioic Acid Salts
Butanedioic Acid Derivatives
Food Industry
Pharmaceutical Industry
Agricultural Industry
Manufacturing Industry
Cosmetics Industry
Industrial Grade
Food Grade
Pharmaceutical Grade
Direct Sales
Distributors
Online Retail
Third-Party Retailers
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Butanedioic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Butanedioic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Butanedioic Acid Market, By Type
6. Europe Butanedioic Acid Market, By Application
7. Europe Butanedioic Acid Market, By Geography
Europe
Germany
UK
France
8. Europe Butanedioic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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