ITACONIC ACID MARKET ANALYSIS

Itaconic acid Market, by Derivative (Styrene Butadiene, Methyl Methacrylate, Polyitaconic Acid, and Others), by Application (SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymer, Unsaturated Polyester Resins, Methyl Methacrylate, Detergent Builder, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI5487
Pages :135
Formats :
Excel and PDF
Industry : Green Chemicals

Itaconic Acid MarketSize and Trends

The global itaconic acid market was valued at US$ 97.75 Mn and is expected to reach US$ 134.19 Mn by 2030 exhibiting a CAGR of 4.1% during the forecast period 2022-2030.

Market Trends

Increasing trend of sustainable product

Itaconic acid primarily used as an alternative to petrochemical derived products such as acrylic acid during the production of other chemicals which can help to propel the global itaconic acid market growth in forecast period. Moreover, itaconic acid dissolve in many alcohols such as ethanol, methanol, and 2-propanol. It is biodegradable in nature and used to produce monoesters including monomethyl itaconate that can fuel the global itaconic acid market growth in upcoming years.

Growing the number of investment in research and development

Growing the number of investment in research and development due to itaconic acid is biodegradable in nature that can drive the global itaconic acid market growth in forecast period. Moreover, increased the demand of itaconic acid due to environmental friendly and cost effective nature that can propel the global itaconic acid market growth in upcoming years.