Itaconic acid is also known as methylidene succinic acid. It is white colorless compound in crystalline form that occurs naturally. Itaconic acid is easily biodegradable and non-toxic chemical compound. This acid is mainly used for produce the value added chemicals such as poly-itaconic acid, resins biofuel components, and many more. Moreover, some Aspergillus species like Aspergillus itaconicus and Aspergillus terreus show the ability to incorporate this organic acid and Aspergillus terrus can secrete significant amount to the media (>80g/L).
Market Dynamics
Itaconic acid is one of the most suitable solvents in cosmetic products. Moreover, it also finds in deodorants, antiperspirants, and some other cosmetic products. Rising disposable income personal and growing awareness about the benefits of cosmetic product also fuel the global itaconic acid market growth in forecast period. The rising usage in agricultural applications and advancements in bio-based polymethyl methacrylate is help to propel the global itaconic acid market growth in forecast period. Itaconic acids finds applications in paper, metal, and concrete coatings which are sustainable marketplace in the paints and coatings industry which can boost the global itaconic acid market growth. In the textile industry, the derivative of itaconic acid such as cyclodextrin itaconate is used for modification of cotton fabric which can help to drive the global itaconic acid market growth in upcoming years. Itaconic acid is also known as Butanedioic acid which is used up to 5% in styrene butadiene resins and in acrylic latexes for textile, paper, and paint applications. The presence of itaconic acid in the repeating unit of co-polyesters is expected to possess good biocompatibility and biodegradation in nature which makes polymers suitable for the applications including drug delivery and cytotoxic studies.
Key features of the study:
- This report provides an in-depth analysis of the global itaconic acid market, its market size (US$ Mn & KT), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering as the base year
- It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global itaconic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Itaconix Corporation, Jinan Huaming Biochemistry Co. Ltd., Qingdao Langyatai Group Co. Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Alpha Chemika, Chengdu Jinkai Biology Engineering Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Iwata Chemical Co., Ltd., Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Spectrum Chemical Manufacturing Corp., FUJIFILM Wakao Pure Chemical Corporation, Ultimate Chem India Pvt. Ltd., Choice Oraganochem Lip., and Alfa Aesar.
- Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global itaconic acid market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global itaconic acid market
Detailed Segmentation:
- Global Itaconic Acid Market, By Derivative
- Styrene Butadiene
- Methyl Methacrylate
- Polyitaconic Acid
- Others
- Global Itaconic Acid Market, By Application
- SBR Latex
- Synthetic Latex
- Chillant Dispersant Agent
- Superabsorbent Polymer
- Unsaturated Polyester Resins
- Methyl Methacrylate
- Detergent Builder
- Others
- Global Itaconic Acid Market, By Region:
- North America
- Europe
- By Country:
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country:
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia Pacific
- Latin America
- By Country:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Company Profiles
- Itaconix Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Jinan Huaming Biochemistry Co. Ltd.
- Qingdao Langyatai Group Co. Ltd.
- Zhejiang Guoguang Biochemistry Co., Ltd.
- Alpha Chemika
- Chengdu Jinkai Biology Engineering Co., Ltd.
- Ronas Chemicals Ind. Co., Ltd.
- Iwata Chemical Co., Ltd.
- Shandong Kaison Biochemical Co., Ltd.
- Aekyung Petrochemical Co. Ltd.
- Spectrum Chemical Manufacturing Corp.
- FUJIFILM Wakao Pure Chemical Corporation
- Ultimate Chem India Pvt. Ltd.
- Choice Oraganochem Lip.
- Alfa Aesar
“*” marked represents similar segmentation in other categories in the respective section.
