Itaconic Acid Market By Application (Superabsorbent polymers, Unsaturated polyester resins, Detergent builders, Synthetic latex, Chelant dispersant agents, Methyl methacrylate, Others) – Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The Itaconic Acid Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Itaconic acid, otherwise called methyl succinic acid, is one of the critical bio-based chemicals. Itaconic acid was perceived as one of the twelve promising synthetics derived from biomass by the U.S. Bureau of Energy (DoE) in 2004. The itaconic acid market is specialty in nature because of its constrained utilization in different end-user businesses by virtue of the huge accessibility of substitutes. The expense of production is a critical factor deciding the evaluating of itaconic acid. Presently, the cost of itaconic acid is high which has brought about inability to trade the interest for its substitutes in a few application enterprises including engineered latex, detergents, unsaturated polyester resins, superabsorbent polymers, and so on.
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Drivers and Restraints
Developing worries over contracting petroleum derivative assets, advancement and improvements are being made to create synthetic compounds from biomass feedstock. Promptly biodegradability in soil and non-toxicity are key factor driving itaconic acid market development. Solid application scope in methyl methacrylate (MMA) creation so as to supplant petrochemicals may fuel itaconic acid demand. Rising patterns towards greater condition feasible items has urged the business makers to embrace biotechnological courses to create Polymethyl methacrylate (PMMA).
Regional Insights
Germany itaconic acid market measure was 2.8 million in 2015. Positive government standards to advance bio based generation attributable to condition security may drive territorial industry development.
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
- Lucite International
- Jinan Huaming Biological Technology Co., Ltd
- Shandong Kaison Biochemical Co., Ltd.
- Alpha Chemika
- Shandong Zhongshun Science & Technology Development Co., Ltd
- FUSO Chemical Co. Ltd
- Qingdao Kehai Biochemistry Co., Ltd
- Zhejiang Kedao Chemicals Co., Ltd
- Itaconix Corporation
- Chengdu Jinkai Biology Engineering Co., Ltd
Some of the key questions answered by the report are:
- What was the market size in 2014 and forecast from 2015 to 2025?
- What will be the industry market growth from 2015 to 2025?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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