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 and Jinan Huaming Biological Technology Co., Ltd.
Decision Databases is involved in providing research reports and company profiles in the global itaconic acid market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The itaconic acid market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our itaconic acid profiles.
SEGMENTATIONS IN REPORT:
Itaconic Acid By Application
1. INTRODUCTION TO THE ITACONIC ACID MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF ITACONIC ACID
4. ITACONIC ACID MARKET ANALYSIS BY APPLICATIONS
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