Bio-based succinic acid has broad market prospects and domestic production capacity is expanding
Succinic acid, also known as succinic acid, appears as colorless crystals, soluble in water and slightly soluble in ethanol and ether. Succinic acid is an important organic synthesis raw material and organic synthesis intermediate. It can be used to synthesize resins, coatings, pigments, spices, medicines, condiments, food additives and other products. Among them, resin is an important downstream market and can produce PBS (polymer). There are many degradable plastics such as butylene succinate), PBST (aliphatic aromatic copolyester), PBSA (polybutylene succinate-adipate), etc.
According to raw materials and production processes, succinic acid can be divided into two categories: petroleum-based succinic acid and bio-based succinic acid. Compared with petroleum-based succinic acid, bio-based succinic acid has the advantages of using renewable biomass resources as raw materials, less environmental pollution in the production process, competitive production costs with mature processes, high product safety and complete degradability. , is a new type of production technology, and the development of the industry has attracted attention.
According to the “In-depth Market Research and Investment Strategy Suggestions Report on Bio-based Succinic Acid Industry 2022-2026” released by the Industrial Research Center , in 2021, the global succinic acid market size will be approximately US$46.72 million; it is expected that the global succinic acid market will grow at an average annual compound growth rate of approximately 5.2% from 2021 to 2026, and the market size will reach US$60.25 million by 2026 about. Globally, petroleum-based succinic acid production still accounts for a large proportion, accounting for more than half in 2021, while bio-based succinic acid production accounts for about 42%.
In overseas markets, companies that produce bio-based succinic acid on a large scale include BioAmber in the United States, Succinity GmbH in Germany, Reverdia in the Netherlands, etc. There are more than ten succinic acid production companies in my country, most of which focus on the production of petroleum-based succinic acid. There are only a small number of bio-based succinic acid companies and a small proportion of production capacity.
Industry analysts said that my country’s oil resources are poor, and under the changing international political and economic situation, oil supply and price fluctuate The magnitude is large. In order to adjust the energy structure, reduce environmental pollution, and reduce the consumption of petroleum resources, it has become a trend. my country is a large agricultural country with abundant biomass resources, and there is a broad market space for using biomass resources to replace petroleum resources. From this point of view, compared with petroleum-based succinic acid, my country’s bio-based succinic acid market has better development prospects.
The main bio-based succinic acid manufacturers in my country include Yangzi Petrochemical, Landian Biotech, etc. Landian Biotechnology uses renewable biomass starch sugar resources as raw materials, uses carbon dioxide as the carbon source, and uses biological fermentation to produce succinic acid. While avoiding the use of petroleum resources, it can also rationally utilize carbon dioxide resources. The production process is advanced. , environmental protection. In addition, in August 2021, among the bio-based new material projects invested and constructed by Jiutai Group, it is planned to invest in the construction of a 200,000-ton/year bio-based succinic acid device. The scale of my country’s bio-based succinic acid industry is still expanding, and the proportion of bio-based succinic acid production is expected to continue to increase in the future.
