Global Suberic Acid Market Insights Forecasts to 2033

• The Global Suberic Acid Market Size was estimated at Remarkable Share in 2023
• The Market Size is Growing at a 5.4% CAGR from 2023 to 2033.
• The Worldwide Suberic Acid Market Size is Expected to Reach a Significant Share by 2033.
• North America is expected to grow the fastest during the forecast period.

The Global Suberic Acid Market Size is anticipated to Reach a Significant Share by 2033, at a 5.4% CAGR during the forecast period 2023-2033. The global suberic acid market has enormous growth prospects as it is gaining importance in sustainable and bio-based chemicals, the development of lightweight materials, and applications across various industries. Automotive and aerospace industries have significant potential with the application of suberic acid-based polymers, which improve fuel efficiency and performance.

Market Overview

The global suberic acid market refers to the commercial landscape surrounding the production, supply, and application of suberic acid, a multifunctional dicarboxylic acid. This market is distinguished by its role in the production of specialty chemicals and advanced materials such as bio-based polymers, adhesives, and coatings for a variety of industries including automotive, aerospace, consumer goods, and healthcare. The global suberic acid market is primarily driven by rising demand for sustainable, bio-based chemicals, as well as the increased use of lightweight materials in the automotive and aerospace industries to improve fuel economy. The increasing use of suberic acid in consumer goods, particularly cosmetics and personal care products, fuels market growth. Technological breakthroughs in the cost-effective and environmentally friendly manufacture of bio-based suberic acid are cutting manufacturing costs while expanding its applications.

Report Coverage

This research report categorizes the suberic acid market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the suberic acid market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the suberic acid market.

Driving Factors

The rising demand for biodegradable plastics and green solvents in industries such as packaging, automotive, and consumer products fuels the market growth. The growing agriculture sector's quest for sustainable solutions adds to the rising need for bio-based acids. Moreover, the global suberic acid market is expected to increase, due to rising demand for bio-based chemicals and sustainable materials in a variety of industries. Fermentation process improvements have increased the efficiency and production of bio-based acids, making them more cost-effective than old petrochemical approaches. This transition is being fueled by strict environmental rules and a growing customer preference for eco-friendly items. Additionally, because of its chemical stability and endurance, it is increasingly being used in adhesives, sealants, and coatings in the construction and industrial sectors. Rapid urbanization and industrialization in Asia-Pacific, together with government measures to promote green manufacturing, are driving market expansion.

Restraining Factors

The global suberic acid market carries a number of limitations that can prevent its growth despite this promising potential. High production costs of a considerable amount are a significant hindrance to the competitiveness of suberic acid with traditional petrochemical alternatives. Availability also remains limited, with raw materials from bio-based sources like castor oil being particularly difficult to access.

Market Segmentation

The suberic acid market share is classified into source and application.   

• The bio-based segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the source, the suberic acid market is divided into petroleum-based, bio-based, and others. Among these, the bio-based segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growing need for ecologically friendly and sustainable products in many industries. Bio-based suberic acid, generated from renewable feedstocks such as castor oil and agricultural byproducts, has gained popularity due to its compatibility with green chemistry programs and stringent environmental restrictions. Automotive, aerospace, and personal care industries are aggressively implementing bio-based alternatives to minimize carbon footprints and achieve sustainability goals.

• The adhesives & sealants segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.

Based on the application, the suberic acid market is divided into adhesives & sealants, cosmetics & personal care, adhesives & sealants, pharmaceuticals, and others. Among these, the adhesives & sealants segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. The rise can be due to its vital function in a variety of high-demand industries, as well as the distinct features that suberic acid contributes to these applications. Suberic acid is frequently utilized in the manufacture of long-lasting, high-performance adhesives and sealants due to its outstanding chemical stability, resistance to environmental degradation, and ability to produce strong connections. Furthermore, the global trend toward sustainable and eco-friendly materials has increased the popularity of suberic acid-based adhesives, which frequently comply with strict environmental laws. These chemicals' versatility in industrial and consumer applications guarantees their continued supremacy in the suberic acid market.

Regional Segment Analysis of the Suberic Acid Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the suberic acid market over the predicted timeframe.

Europe is anticipated to hold the largest share of the suberic acid market over the predicted timeframe. The growth can be attributed to its strong emphasis on sustainability, stringent environmental rules, and cutting-edge industrial infrastructure. The region's proactive adoption of bio-based chemicals, facilitated by initiatives such as the European Green Deal, has greatly increased demand for environmentally acceptable suberic acid. Furthermore, Europe's strong automotive and aerospace sectors, which rely on lightweight and high-performance materials, contribute significantly to market growth. The flourishing cosmetics and personal care industry, combined with consumer desire for biodegradable and sustainable products, reinforces the region's leadership.

North America is expected to grow at the fastest CAGR growth of the suberic acid market during the forecast period. The region's strong automotive and aerospace industries are major drivers, as suberic acid is widely used in lightweight polymers and high-performance adhesives, which are critical for improving fuel efficiency and lowering emissions. Furthermore, the increasing demand for bio-based chemicals in consumer goods, cosmetics, and personal care items is consistent with the growing customer preference for ecologically friendly solutions. Furthermore, government measures that promote green manufacturing and sustainability, together with expenditures in biotechnology research, are hastening the use of bio-based suberic acid in North America.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Suberic Acid market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arkema S.A.
• Cathay Biotech Inc.
• Eastman Chemical Company
• Perstorp Group
• Evonik Industries AG
• BASF SE
• Ascend Performance Materials
• Alfa Aesar (Thermo Fisher Scientific)
• Shandong Kexing Chemical Co., Ltd.
• TCI Chemicals
• Sigma-Aldrich (Merck Group)
• Tokyo Chemical Industry Co., Ltd.
• Santa Cruz Biotechnology, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

• This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the suberic acid market based on the below-mentioned segments: 

Global Suberic Acid Market, By Source

• Petroleum-Based
• Bio-Based
• Others

Global Suberic Acid Market, By Application

• Adhesives & Sealants
• Cosmetics & Personal Care
• Adhesives & Sealants
• Pharmaceuticals
• Others

Global Suberic Acid Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa