Itaconic Acid is the type of bio-based product, also referred as methyl succinic acid, which is found by distillation process of citric acid, that is an organic component, and it is used for the production of acrylate latexes and acrylonitrile butadiene. Itaconic Acid Market is the niche market due to its limited consumption in various end use industries on availability of large number of substitute. Itaconic Acid is used for production of a styrene butadiene rubber, deodorants, adhesives, unsaturated polyesters, reinforced glass fibers, polyesters resins, fabric binders, ion exchange resins and organosiloxanes. Also, Itaconic Acid is applied for manufacturing of SBR latex, used in construction sector cement, motors, and coats.
Increase in trend of eco- friendly products due to increase in awareness towards green house emission is expected to boost the global itaconic acid market growth, during this forecast period. Itoconic acid is bio-degradable and non-toxic in nature which is used to manufacturing of sealants, finishing agents, paints and coatings, adhesives. Furthermore, rise in demand for the production of fiber reinforced polymer (FPR) composites, pipes, laminating resins, and electrical cabinets are expected to propel the global itaconic acid. Moreover, increase in usage of itconic acid in cosmetic products will have the global itaconic acid market growth.
However, upsurge in demand for bio-based itaconic acid is expected to hinder the global itaconic acid market growth.
Global Itaconic Acid Market is segmented into type such as Synthesis and Fermentation. Further, Global Itaconic Acid Market is segmented into global itaconic acid market into application such as Plasticizer, Lubricating Oil Additives, and Others.
Also, Global Itaconic Acid Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Various key players are discussed in this report such as Qingdao Langyatai (Group) Co., Ltd, Chengdu Jinkai Biology Engineering Co., Ltd, Jinan Huaming Biological Technology Co., Ltd, Shandong Kaison Biochemical Co., Ltd, Zhejiang Guoguang Biochemistry Co., Ltd, and Others.
By Type
Synthesis Fermentation
By Application
Plasticizer Lubricating Oil Additive Others
1.1. Market Taxonomy
2. Global Itaconic Acid Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
4. Global Itaconic Acid Market Snapshot 5. Global Itaconic Acid Market Analysis, By Type
5.1. Y-o-Y Growth Comparison, By Type
5.2. Global Itaconic Acid Market Share Analysis, By Type
5.3. Global Itaconic Acid Market Size and Forecast, By Type
5.3.1 Synthesis
5.3.2 Fermentation
6. Global Itaconic Acid Market Analysis, By Application
6.1. Y-o-Y Growth Comparison, By Application
6.2. Global Itaconic Acid Market Share Analysis, By Application
6.3. Global Itaconic Acid Market Size and Forecast, By Application
6.3.1 Plasticizer
6.3.2 Lubricating Oil Additives
6.3.3Others
7. Global Itaconic Acid Market Analysis, By Region
7.1. Y-o-Y Growth Comparison, By Region
7.2. Global Itaconic Acid Market Share Analysis, By Region
8. North America Itaconic Acid Market Analysis and Forecast (2017-2030)
8.1 Introduction
8.2 North America Itaconic Acid Market Analysis, By Type
8.3 North America Itaconic Acid Market Analysis, By Application
8.4 North America Itaconic Acid Market Analysis, By Country
8.4.1 USA
8.4.2 Canada
8.4.3 Mexico
9. Europe Itaconic Acid Market Analysis and Forecast (2017-2030)
9.1 Introduction 9.2 Europe Itaconic Acid Market Analysis, By Type
9.3 Europe Itaconic Acid Market Analysis, By Application
9.4 Europe Itaconic Acid Market Analysis, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10. Asia Pacific Itaconic Acid Market Analysis and Forecast (2017-2030)
10.1 Introduction 10.2 Asia Pacific Itaconic Acid Market Analysis, By Type
10.3 Asia Pacific Itaconic Acid Market Analysis, By Application
10.4 Asia Pacific Itaconic Acid Market Analysis, By Country
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Rest of Asia Pacific
11. Latin America Itaconic Acid Market Analysis and Forecast (2017-2030)
11.1 Introduction 11.2 Latin America Itaconic Acid Market Analysis, By Type
11.3 Latin America Itaconic Acid Market Analysis, By Application
12. Middle East & Africa Itaconic Acid Market Analysis and Forecast (2017-2030)
12.1 Introduction
12.2 Middle East & Africa Itaconic Acid Market Analysis, By Type
12.3 Middle East & Africa Itaconic Acid Market Analysis, By Application
13. Competition Analysis
13.1 Competition Dashboard
13.2 Market Share Analysis of Top Vendors
13.3 Key Development Strategies
14. Company Profiles
14.1 Qingdao Langyatai (Group) Co., Ltd
14.1.1 Overview
14.1.2 Offerings
141.3 Key Financial
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Chengdu Jinkai Biology Engineering Co., Ltd
14.3 Jinan Huaming Biological Technology Co., Ltd
14.4 Shandong Kaison Biochemical Co., Ltd, 14.5 Zhejiang Guoguang Biochemistry Co., Ltd
14.6 Others
