Butanedioic Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Butanedioic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Butanedioic Acid Price Trend for the Second Half of 2023


The Asian butanedioic acid market fluctuated throughout the second half of the year 2023. The market started on a favorable note as the supply and demand outlooks were largely in equilibrium with each other. However, soon the prices turned upwards as the market demands started rising from the food and pharma sectors.

Butanedioic Acid Price Chart

Butanedioic Acid Price Trends

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A rise in the feedstock maleic anhydride prices was also responsible for this change in the butanedioic acid’s market behavior. Despite the steady demands, the butanedioic acid market could not sustain the growing prices as the situation turned south given the global trade inhibitions with growing supply chain and freight issues started to impact international trade and substantially reduced the export queries for Indian and Chinese markets.


The European butanedioic acid price trend was not much different from the Asian market; however, the price fluctuations here were relatively more confined. The market trend was more inclined in the third quarter as the industrial demands were humble yet positive. However, as the last three months of the year approached, the downstream demands tumbled, pushing the price trend down along. This demand deficit was because of reduced industrial activity during the long New Year holiday season. Overall, mixed market sentiments were witnessed.

North America

The North American price trend for butanedioic acid was not much different from the global trend, as the prices were observed to be vacillating here as well. The high feedstock cost provided positive upstream cost support in the third quarter by raising the production costs. However, the price trend reversed quickly in the last quarter as the demand subsided. With this rise in prices in the third quarter and the downfall in the fourth quarter, butanedioic acid fluctuated in the American region as well.

Analyst insight

According to Procurement Resource, Butanedioic Acid prices are expected to fluctuate in the coming times as well. The current freight and shipping issues will have a major impact on the upcoming trade dynamics.

Butanedioic Acid Price Trend for the First Half of 2023


Butanedioic acid price trend in the Asian domestic market mostly oscillated on the lower side as manufacturing and trade activities were still reviving after the lockdown abolition. Chinese Lunar New Year holidays again halted the recovery process. The fall in feedstock prices also contributed to the dull market sentiments. So, as both the supply and demand remained dull, prices swung on the lower end of the curve.


The European butanedioic acid/succinic acid market behaved no differently than the Asian market during the first half of 2023. The upstream costs started declining as the port congestions cleared and the energy prices stabilized. The downstream demands from oxo-alcohols and paints &coatings sectors remained consistent. Overall bearish market sentiments were observed.

North America

The North American butanedioic acid market also followed the global declining fundamentals during the period under discussion. Market offtakes declined as the existing inventories were able to support the downstream demands. Replenishing stocks kept getting cheaper as the freight costs declined because of cleared port congestions and restored supply chains. Overall butanedioic acid market remained anchored.

Analyst Insight

According to the Procurement Resource, the price trend for butanedioic acid are expected to incline in the coming months. As the markets strive for normalcy, prices are expected to rebound with a rise in demands from downstream pharma and food sectors.

Butanedioic Acid Price Trend for the Second Half of 2022


Butanedioic acid (succinic acid) had a slow start in the Asian market in Q3 as the upstream and downstream market dynamics remained dull. The market showed reverse fluctuations in the last quarter but didn’t attain stability. The rise in downstream demands was causing the prices to oscillate, but production facilities remained hampered as the post-lockdown industrial recovery was still in process. Overall dull market sentiments were observed throughout the said period.


The European butanedioic acid/ succinic acid market showcased mixed behavior during the said period. The prices mostly fluctuated towards inclined trend for butanedioic acid in the European markets as there were constant demands from the downstream food and pharma industries. But, disrupted supply chains and freight issues made availability difficult, resulting in oscillating price trend.

North America

The North American butanedioic acid market oscillated throughout the last two quarters of 2022. Major highs were because of the rise in production costs because of port congestions and supply chain curtailments. While the downfall in downstream demands contributed to major dips in price trend. Overall, the butanedioic acid market remained afloat.

For the Second Quarter of 2022


The prices of butanedioic acid ( aka succinic acid ) registered a downward trend in the Asian market. Even after the removal of zero-tolerance covid-19 restrictions in China the factories were not running at optimum rates. The raised costs of inputs and the inability to pass the prices to consumers any further cause the manufacturers to make production cuts.

However, these cuts were further supported by the dwindling market sentiment. The cautious wait-and-see attitude of buyers amid relaxed feedstock prices caused the price trend for butanedioic acid to stabilize initially and then decline. The butanedioic acid prices went from 19000 RMB/MT in April to 15,500 RMB/MT in June 2022.


The raised operating costs amid the robust downstream demand caused the prices of butanedioic acid to surge throughout the said period. The increased prices of feedstock corn, sugarcane and maleic acid further pushed the prices.

North America

The prices of feedstock maleic acid kept firm throughout the said period averaging 3970 USD/MT CFR New York. With high production and freight costs amid the robust demand, the prices of butanedioic acid registered a hike of 1.3% compared to the first quarter.

For the First Quarter of 2022


Butanedioic acid market sentiments in the Asia-Pacific area were positive in the first quarter of 2022. In compared to Q4 of 2021, Q1 2022 saw an increase of roughly 11% due to high demand in the pharmaceutical sector due to the Omicron virus outbreak in China and other Asian countries.

Furthermore, upstream maleic acid and benzene prices increased due to political tensions between Russia and Ukraine, resulting in high production costs and supply disruptions in the international market. Butanedioic acid prices ranged from 2551 USD/MT FOB Qingdao at the start of the quarter to 2665 USD/MT FOB Qingdao, China at the end of the quarter in 2022.


Butanedioic acid prices in the European market rose in Q1 2022 due to a material scarcity caused by supply chain disruption. The ongoing conflict between Russia and Ukraine impacted the chemical’s market sentiments in the European region, as upstream benzene and maleic acid prices rose, forcing European manufacturers to raise its production costs to meet domestic demand. These factors were the driving force behind an increase of 8% in the first quarter of 2022 compared to the fourth quarter of 2021.

North America

In Q1 2022, market sentiment for the chemical in the North American region was on the rise. Butanedioic acid prices jumped at the conclusion of the quarter due to higher feedstock prices. In comparison to Q4 2021, Q1 2022 had an increase of 8%. Market attitudes were also influenced by rising demand from downstream industries such as food and beverages, cosmetics, and personal care. The quotes were 2936 USD/MT, CFR Texas, USA in January and 3117 USD/MT, CFR Texas, USA by the conclusion of the quarter.

For the Fourth Quarter of 2021


Overall, the chemical’s market in the Asia Pacific area experienced mixed feelings in the fourth quarter of 2021, with varying offers in different sub-regions. The supply problem in Northeast Asia is mostly to blame for this situation, which alleviated in the second half of the quarter.

In India, however, due to adverse attitudes in the home market, providers were forced to supply volumes at discounted pricing. Despite the high-cost support from the upstream and raw material, butanedioic acid prices declined steadily in the Indian domestic market. As a result, towards the end of Q4 2021, the Ex-Chennai discussions fell to 2958 USD/MT.


Despite the region's constrained supply, European market sentiment for the chemical remained positive in the fourth quarter of 2021. Whereas, in reaction to the continuous power deficit in Europe, manufacturers were obliged to reduce their operational rates on the European domestic market. High electricity prices pass on the cost support to the Butanedioic acid production cost.

While demand from the downstream cosmetic, pharmaceutical, and food sectors remained strong throughout the quarter. Offers in the European domestic market remained buoyant throughout the quarter as a result of high demand and restricted supply.

North America

Throughout the quarter, the Butanedioic acid market in North America was firm to buoyant. Despite an increase in operational rates at production sites following the hurricane season, the quote continued to rise due to adequate cost support from upstream Benzene after the crude oil price rose significantly when OPEC+ opted to boost production margins.

Furthermore, despite the feedstock limitations, production of Glycerol-based Butanedioic acid remained low. In contrast, despite the revival of COVID and rising global food price index, demand from the downstream pharmaceutical, cosmetics, and food sector remains healthy. As a result of the ripple effect, the producer's quotation for the chemical increased gradually in the fourth quarter of 2021.

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Butanedioic or Succinic acid is a kind of dicarboxylic acid. The term succinic comes from the Latin word succinum, which means amber. In living organisms, butanedioic acid is transformed into fumarate by the enzyme succinate dehydrogenase in complex 2 of the electron transport chain, which is involved in the production of ATP, and as a signalling molecule reflecting the cellular metabolic status.

Product Details

Report Features Details
Product Name Butanedioic Acid
Industrial Uses Industrial, Food, Pharmaceuticals, Cosmetics
Chemical Formula C4H6O4
Synonyms Succnic acid, Amber acid, Asuccin
Molecular Weight 118.09g/mol
Supplier Database BASF SE, Myriant Corporation, BioAmber, Parchem, Dow Chemicals, Ernesto Ventos S.A., The Chemical Company, Kawasaki Kasei Chemicals Ltd., Mitsubishi Chemical Corporation
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Butanedioic Acid Production from Maleic Anhydride

Butanedioic Acid production from maleic anhydride via a typical hydrogenation process. In this process, maleic anhydride is hydrogenated to succinic anhydride, which is then converted to butanedioic acid.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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