Itaconic acid, also known as methylidenesuccinic acid, is a type of organic acid. Water, ethanol, and acetone are all soluble in this dicarboxylic acid, which is a white solid. Itaconic acid was previously made by distilling citric acid, but it is now manufactured through fermentation process. It is usually non-toxic and biodegradable in nature. Synthetic latex, chelate dispersion agent, unstable polyester resin, detergent builder, methyl methacrylate, and SBR latex are only a few of the applications.
MARKET DYNAMICS
Growing demand for bio-based unsaturated polyester resin, as well as growing awareness about the benefits of itaconic acid, are driving the market forward. The growing popularity of sustainable products will also help to boost the industry. Another aspect is that itaconic acid is an organic chemical that is easily destroyed and does not pose a harm to the environment. This factor is also projected to boost the market growth around the world over the coming few years.
MARKET SCOPE
The "Global Itaconic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the itaconic acid market with detailed market segmentation based on derivatives and application. The global itaconic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading itaconic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global itaconic acid market is segmented into derivatives and application. By derivatives, the itaconic acid market is classified into styrene butadiene itaconic acid, methyl methacrylate, polyitaconic acid, and others. By application, the itaconic acid market is classified into SBR latex, synthetic latex, chillant dispersant agent, superabsorbent polymers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global itaconic acid market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The itaconic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the itaconic acid market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the itaconic acid in these regions.
MARKET PLAYERS
The report covers vital developments in the itaconic acid as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the itaconic acid are anticipated to lucrative growth opportunities in the future with the rising demand for itaconic acid in the global market. Below mentioned is the list of few companies engaged in the itaconic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the itaconic acid market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Itaconix Corporation
- Qingdao Langyatai
- Zhejiang Guoguang
- Alpha Chemika
- Shandong Kaison
- Jinan Huaming
- Iwata Chemical
- Aekyung Petrochemical
- Ronas Chemical
- Chengdu Jinkai
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