Global Itaconic Acid Market, By Derivative (Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic Acid, Others), Application (SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymer, Unsaturated Polyester Resins, Methyl Methacrylate, Detergent Builder, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Itaconic Acid Market
The itaconic acid market is expected to witness market growth at a rate of 4.20% in the forecast period of 2021 to 2028 and is further estimated to reach USD 176.55 million by 2028. Data Bridge Market Research report on itaconic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the usage in agricultural applications and advancement in the bio- based PMMA is escalating the growth of itaconic acid market.
Itaconic acid is known to be a colorless crystalline carboxylic acid which generally develops naturally. They are generally biodegradable and are non-toxic in nature. They are broadly utilized in application including cheland dispersant agent, synthetic latex, unbalanced polyester resin, detergent builder, methyl methacrylate and SBR latex.
Major factors that are expected to boost the growth of the itaconic acid market in the forecast period are the rise in the incidence for bio-based unsaturated polyester resin and the growing alertness regarding the advantageous of itaconic acid. Furthermore, the rising trend of sustainable products is further anticipated to propel the growth of the itaconic acid market. Moreover, the environment-friendly and non-toxic qualities is further estimated to cushion the growth of the itaconic acid market. On the other hand, obtainability of low-cost alternatives is further projected to impede the growth of the itaconic acid market in the timeline period.
In addition, the growing in the research and development investment to produce more innovative product will further provide potential opportunities for the growth of the itaconic acid market in the coming years. However, the advancing of low-cost production technologies might further challenge the growth of the itaconic acid market in the near future.
This itaconic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the itaconic acid market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Itaconic Acid Market Scope and Market Size
The itaconic acid market is segmented on the basis of derivative and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of derivative, the itaconic acid market is segmented into styrene butadiene itaconic acid, methyl methacrylate, polyitaconic acid, and others.
- On the basis of application, the itaconic acid market is segmented into SBR latex, synthetic latex, chelant dispersant agent, superabsorbent polymer, unsaturated polyester resins, methyl methacrylate, detergent builder, and others.
Itaconic Acid Market Country Level Analysis
The itaconic acid market is analyzed, and market size, volume information is provided by country, derivative and application as referenced above.
The countries covered in the itaconic acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the itaconic acid market due to the rise in the foreign direct investment in several industries. Furthermore, the increasing need of itaconic acid in numerous applications will further boost the growth of the itaconic acid market in the region during the forecast period. Europe is projected to observe significant amount of growth of the itaconic acid market due to the suitable government regulations to encourage bio based production because of the environmental safety. Moreover, the EU regulations are stopping the manufacturing of sodium tripolyphosphate (STPP) detergents is further anticipated to propel the growth of the itaconic acid market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Itaconic Acid Market Share Analysis
The itaconic acid market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the itaconic acid market.
The major players covered in the itaconic acid market report are Itaconix Corporation, Qingdao Kehai Biochemistry Co., LTD., Zhejiang Guoguang Biochemistry Co., Ltd., Alpha Chemika, AEKYUNG PETROCHEMICAL Co., Ltd, Ronas Chemicals Ind. Co., Ltd., Ultimate Chem India Pvt. Ltd, Choice Organochem Llp., FUSO CHEMICAL CO., LTD., Alfa Aesar, Thermo Fisher Scientific., Merck KGaA, Henan Haofei Chemical Co., Ltd., Haihang Industry Co., Ltd, Hefei TNJ Chemical Industry Co.,Ltd., Spectrum Chemical Manufacturing Corp, FUJIFILM Wako Pure Chemical Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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