Global Polyester Polyol From Bio-Succinic Acid Market Size is valued at US$ 180.0 Mn in 2024 and is predicted to reach US$ 666.8 Mn by the year 2034 at an 14.2% CAGR during the forecast period for 2025-2034.
Polyester polyol derived from bio-succinic acid is a sustainable alternative to conventional petrochemical-based polyols and serves as a vital building block in polyurethane production. The process uses renewable feedstocks—such as sugar, starch, or biomass, which are fermented to yield biosuccinic acid. This intermediate is then chemically converted into polyols tailored to specific molecular weights and functional performance requirements. These bio-based polyols integrate seamlessly into existing polyurethane manufacturing workflows, offering reduced carbon footprints and enhanced sustainability. Increasing adoption of bio-based polyurethane materials, rising demand for low-carbon chemical alternatives, and expanding investments in biorefinery technologies and renewable feedstock platforms are likely to drive the growth of market.
The growing need for sustainable materials and chemicals in various industries is driving the expansion of the polyester polyol from bio-succinic acid market. Manufacturers looking to reduce their carbon footprint are drawn to its environmentally favorable qualities, which come from renewable feedstocks such as biomass and agricultural byproducts. Moreover, the polyester polyol from the bio-succinic acid market has further appeal due to its versatility in applications such as construction, furniture, packaging, electronics, and others. Technological developments in manufacturing processes that improve productivity and reduce costs also support the growth of the polyester polyol from bio-succinic acid market. Furthermore, the market's growth trajectory for polyester polyols derived from biosuccinic acid is strongly influenced by stringent environmental regulations that promote the use of bio-based products.
Some of the Key Players in Polyester Polyol From Bio-Succinic Acid Market:
· Oleon NV
· DIC CORPORATION
· Alfa Chemicals
· Arkema
· BASF SE
· Dow
· Evonik Industries AG
· Huntsman Corporation
· Gantrade Corporation
· Purinova Sp. z o.o.
· Synthesia Technology Group
· Stepan Company
The polyester polyol from bio-succinic acid market is segmented by product type and application. By product type, the market is segmented into aromatic polyester polyol, aliphatic polyester polyol, and others. By application, the market is segmented into polyurethane, flexible foam, elastomers, adhesives & sealants, rigid foam, coatings, and others.
In 2024, the aromatic polyester polyol segment held the largest share in the polyester polyol market from bio-succinic acid. This well-established product category includes solutions with improved thermal stability and aromatic ring structures, as well as sophisticated molecular weight distributions and unique hydroxyl functionalities that deliver better polyurethane performance and processing results across all foam applications. Furthermore, the dominance of the aromatic polyester polyol category stems from its exceptional technological capabilities, which enable solutions to meet a variety of formulation needs while preserving uniform mechanical properties and heat resistance across all manufacturing settings.
The polyurethane segment dominated the bio-succinic acid-based polyester polyol market in 2024, underscoring the vital role polyester polyols play in meeting global coating formulation and specialty foam production needs. The growing need for bio-based materials, performance requirements in foam applications, and increasing demand for specific polyol functions in manufacturing processes across developed and emerging markets all support the polyurethane segment's leadership in the polyester polyol from bio-succinic acid market. Furthermore, because of their high strength and tolerance to moisture and temperature changes, they are frequently used in construction to join materials such as wood, ceramics, and concrete for applications including flooring, wall panels, and tiles.
In 2024, the North American region led the polyester polyol from bio-succinic acid market. The region's growing trend toward sustainable, bio-based materials is credited with this expansion. Bio-succinic acid, a renewable platform chemical, is being used to reformulate polyester polyols, a crucial component in the manufacturing of polyurethane, as a sustainable substitute for petroleum-based adipic acid. This shift is especially important in North America, where green chemical innovation, business sustainability initiatives, and regulatory frameworks are driving demand. Additionally, the demand for polyester polyol derived from biosuccinic acid is primarily driven by the construction and automotive industries, given its improved performance and environmental advantages.
Over the forecast period, the Asia Pacific is anticipated to be the fastest-growing region in the polyester polyol from bio-succinic acid market. Rapid industrialization, a growing manufacturing sector, and government regulations that encourage the use of sustainable materials are the main drivers of the region's growth. With large investments in the manufacture and downstream uses of bio-based chemicals, China, Japan, and South Korea are leading the way. Additionally, the need for polyester polyols from biosuccinic acid is driven by growth in consumer goods, automotive components, and eco-friendly packaging, while local producers profit from scale economies and lower feedstock costs.
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Specifications |
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Market Size Value In 2024 |
USD 180.0 Mn |
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Revenue Forecast In 2034 |
USD 666.8 Mn |
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Growth Rate CAGR |
CAGR of 14.2% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, By Application, and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; Germany; The UK; France; Italy; Spain; Rest of Europe; China; Japan; India; South Korea; Southeast Asia; Rest of Asia Pacific; Brazil; Argentina; Mexico; Rest of Latin America; GCC Countries; South Africa; Rest of the Middle East and Africa |
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Competitive Landscape |
Oleon NV, DIC CORPORATION, Alfa Chemicals, Arkema, BASF SE, Dow, Evonik Industries AG, Huntsman Corporation, Gantrade Corporation, Purinova Sp. z o.o., Synthesia Technology Group, and Stepan Company |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Polyester Polyol From Bio-Succinic Acid Market Snapshot
Chapter 4. Global Polyester Polyol From Bio-Succinic Acid Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2025-2034
4.8. Global Polyester Polyol From Bio-Succinic Acid Market Penetration & Growth Prospect Mapping (US$ Mn), 2024-2034
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2024)
4.10. Use/impact of AI on Polyester Polyol From Bio-Succinic Acid Industry Trends
Chapter 5. Polyester Polyol From Bio-Succinic Acid Market Segmentation 1: By Application, Estimates & Trend Analysis
5.1. Market Share by Application, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Application:
5.2.1. Polyurethane
5.2.1.1. Flexible Foam
5.2.1.2. Rigid Foam
5.2.1.3. Coatings
5.2.1.4. Adhesives & Sealants
5.2.1.5. Elastomers
5.2.2. Other Applications
Chapter 6. Polyester Polyol From Bio-Succinic Acid Market Segmentation 2: By Product, Estimates & Trend Analysis
6.1. Market Share by Product, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following Product:
6.2.1. Aliphatic Polyester Polyol
6.2.2. Aromatic Polyester Polyol
6.2.3. Other Products
Chapter 7. Polyester Polyol From Bio-Succinic Acid Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. Global Polyester Polyol From Bio-Succinic Acid Market, Regional Snapshot 2024 & 2034
7.2. North America
7.2.1. North America Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
7.2.1.1. US
7.2.1.2. Canada
7.2.2. North America Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Application, 2021-2034
7.2.3. North America Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
7.3. Europe
7.3.1. Europe Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
7.3.1.1. Germany
7.3.1.2. U.K.
7.3.1.3. France
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Rest of Europe
7.3.2. Europe Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Application, 2021-2034
7.3.3. Europe Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
7.4. Asia Pacific
7.4.1. Asia Pacific Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
7.4.1.1. India
7.4.1.2. China
7.4.1.3. Japan
7.4.1.4. Australia
7.4.1.5. South Korea
7.4.1.6. Hong Kong
7.4.1.7. Southeast Asia
7.4.1.8. Rest of Asia Pacific
7.4.2. Asia Pacific Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Application, 2021-2034
7.4.3. Asia Pacific Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
7.5. Latin America
7.5.1. Latin America Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Country, 2021-2034
7.5.1.1. Brazil
7.5.1.2. Mexico
7.5.1.3. Rest of Latin America
7.5.2. Latin America Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Application, 2021-2034
7.5.3. Latin America Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
7.6. Middle East & Africa
7.6.1. Middle East & Africa Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by country, 2021-2034
7.6.1.1. GCC Countries
7.6.1.2. Israel
7.6.1.3. South Africa
7.6.1.4. Rest of Middle East and Africa
7.6.2. Middle East & Africa Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Application, 2021-2034
7.6.3. Middle East & Africa Polyester Polyol From Bio-Succinic Acid Market Revenue (US$ Mn) Estimates and Forecasts by Product, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Alfa Chemicals
8.2.1.1. Business Overview
8.2.1.2. Key Product/Service
8.2.1.3. Financial Performance
8.2.1.4. Geographical Presence
8.2.1.5. Recent Developments with Business Strategy
8.2.2. Arkema
8.2.3. Synthesia Technology Group
8.2.4. BASF SE
8.2.5. DIC CORPORATION
8.2.6. Dow
8.2.7. Evonik Industries AG
8.2.8. Huntsman Corporation
8.2.9. Oleon NV
8.2.10. Gantrade Corporation
8.2.11. Purinova Sp. z o.o.
8.2.12. Stepan Company
Polyester Polyol From Bio-Succinic Acid Market by Product Type
· Aromatic Polyester Polyol
· Aliphatic Polyester Polyol
· Others
Polyester Polyol From Bio-Succinic Acid Market by Application
· Polyurethane
· Flexible Foam
· Elastomers
· Adhesives & Sealants
· Rigid Foam
· Coatings
· Others
Polyester Polyol From Bio-Succinic Acid Market by Region
North America-
· The US
· Canada
Europe-
· Germany
· The UK
· France
· Italy
· Spain
· Rest of Europe
Asia-Pacific-
· China
· Japan
· India
· South Korea
· Southeast Asia
· Rest of Asia Pacific
Latin America-
· Brazil
· Argentina
· Mexico
· Rest of Latin America
Middle East & Africa-
· GCC Countries
· South Africa
· Rest of the Middle East and Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here
