The report on the Global Itaconic Acid Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Itaconic acid is a white colorless compound in crystalline form which occurs naturally. Beneficial aspects of this acid are it is organic in nature, easily biodegradable and a non-toxic chemical compound. Itaconic acid is used in adhesives, detergents, agricultural herbicides, paints and coatings, emulsifiers, pharmaceuticals and others.
Applications bifurcate global itaconic acid market into detergents, superabsorbent polymers (SAP), synthetic latex, unsaturated polyester resins and others (including lubricant oil, adhesives, paints and coatings, pharmaceuticals, herbicides, emulsifiers, printing chemicals and acrylic fiber). Itaconic acid is the basic element used in the preparation of superabsorbent polymers and unsaturated polyester resins.
Detergents and synthetic latex are major application segments which augment the growth of this market. Itaconic acid is an organic compound and easily degradable and does not pose threat to ecological balance. This is the most significant factor to fuel market growth of this chemical compound. Itaconic acid is used in agricultural applications and herbicides and growth of agricultural activities in developing economies in turn drive the growth of this market. Other industrial applications like paints and coatings and lubricating oils are further expected to surge the growth of this market. High cost of itaconic acid is a major restraint of this market.
This report is segmented by geography as Europe, Asia Pacific, North America, Latin America and Middle East and Africa.
Major companies in the global itaconic acid are:
- Zhejiang Guoguang Biochemistry Co. Ltd.
- Shandong Kaison Biochemical Co. Ltd.
- Qingdao Langyatai (Group) Co. Ltd.
- Itaconix Corporation
- Chengdu Jinkai Biology Engineering Co. Ltd
- Jinan Huaming Biological Technology Co., Ltd.
SEGMENTATIONS IN REPORT:
Itaconic Acid By Application
- Synthetic Latex
- Unsaturated Polyester Resins
- Detergents
- Superabsorbent Polymers (SAP)
- Others (Including Lubricant Oil, Adhesives, Paints And Coatings, Pharmaceuticals, Herbicides, Emulsifiers, Printing Chemicals And Acrylic Fiber)
Itaconic Acid By Geography
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Itaconic Acid Market has been exhibited in detail in the following chapters -
Chapter 1 Itaconic Acid Market Preface
Chapter 2 Executive Summary
Chapter 3 Itaconic Acid Industry Analysis
Chapter 4 Itaconic Acid Market Value Chain Analysis
Chapter 5 Itaconic Acid Market Analysis By Application
Chapter 6 Itaconic Acid Market Analysis By Geography
Chapter 7 Competitive Landscape Of Itaconic Acid Companies
Chapter 8 Company Profiles Of Itaconic Acid Industry