The bio-based succinic acid industry has strong development momentum, but it is still in its initial development stage.

Bio-based succinic acid, also known as bio-based succinic acid, refers to succinic acid prepared through microbial fermentation using renewable resources as raw materials. At present, the mainstream technical route of bio-based succinic acid is to use corn starch as raw material and prepare succinic acid through bacterial fermentation, purification, refining, separation and other steps.

The raw material for producing bio-based succinic acid using microbial fermentation is renewable resource corn starch. Therefore, this method has the advantages of low production cost and sufficient supply of raw materials. At the same time, a large amount of carbon dioxide is consumed in the production process of this method, so it also has Energy saving, emission reduction, green environmental protection and other advantages. Compared with petroleum-based succinic acid, bio-based succinic acid has better comprehensive performance, is more suitable for the green and sustainable development strategy vigorously promoted in China, and is more in line with the requirements of carbon peak and carbon neutrality goals. The industry has broad development prospects.

As a basic chemical raw material, succinic acid is widely used in synthetic resins and the production of food, food additives, pharmaceuticals, coatings, pigments, spices, degradable plastics and other fields. Among them, degradable plastics are the main application field of succinic acid. Succinic acid is a key raw material for the production of PBS and PBSA degradable plastics. Under the current background of the continued implementation of plastic restriction orders, the scale of the degradable plastic market continues to expand, which in turn drives the demand for succinic acid to continue to increase.

At present, the domestic succinic acid market is still dominated by petroleum-based succinic acid, and the production capacity of bio-based succinic acid is low. In the future, as the domestic dual-carbon goal continues to advance and environmental protection supervision continues to strengthen, bio-based succinic acid with green and environmentally friendly advantages is expected to accelerate the replacement of petroleum-based succinic acid and become the mainstream product in the succinic acid market.

According to the Industrial Research Center“2023-2028 Bio-based Succinic Acid Industry In-depth Market Research and Investment Strategy Suggestion Report”Display, The current companies in the bio-based succinic acid market include DSM of the Netherlands, Roquette of France, Myriant of the United States, Corbion Purac of the Netherlands, BASF of Germany, and Japan International companies such as Mitsui Chemicals, as well as local companies such as Yangzi Petrochemical, Landian Biotechnology, and Feiyang Chemical. At present, my country’s bio-based succinic acid industry is still in its initial development stage, and the number of companies is still relatively small. In the future, as the market potential continues to highlight, the number of companies in this field is expected to continue to increase, and the industry has huge room for growth.

Industry analysts said that bio-based succinic acid is a basic chemical raw material used in synthetic resins and the production of coatings, medicines, and plastics. Degradable plastics and other fields have broad application prospects. In the current context of the continuous advancement of the domestic dual-carbon goal, bio-based succinic acid is a material with better overall performance than petroleum-based succinic acid. In the future, as its advantages continue to highlight, its market demand is expected to continue to be released, and the industry shows good development prospects. . However, at present, the number of enterprises in my country with the mass production capacity of bio-based succinic acid is still relatively small, and the production capacity is still relatively low. In the future, local succinic acid enterprises will need to accelerate their continuous upgrading in the direction of green and environmental protection and accelerate the layout of the bio-based succinic acid market.