COVID-19 Impact : Itaconic Acid Market to Witness Robust Expansion by 2030 with Prominent Key Players: Itaconix, IWATA CHEMICAL

Market Industry Reports (MIR) has published a new report titled “Itaconic acid Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global itaconic acid market accounted for over US$ 94.03 million in 2019. It is anticipated to grow at a CAGR of 4.5% from 2020 to 2030.

The increasing utilization of itaconic acid in the manufacture of fabric binders, reinforced glass fiber, polyitaconic acid (PIA), deodorants, adhesives, plastics & coatings, artificial jewelry, carpets, and others is likely to fuel market growth. Also, stringent government regulations to promote bio-based chemicals due to environmental concerns across the globe are fueling the overall market growth. Non-toxic properties of itaconic acid and its increasing use in skincare & personal care products are the major factors boosting the market.

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Additionally, the growing use of itaconic acid in paper coating, carpet backing, and paper processing owing to excellent bonding, frothing machinability & binder strength and flexural & anti-oxidation properties will facilitate the overall market growth. Moreover, growing concerns over sinking fossil fuel resources and innovations & developments in the production of chemicals from biomass feedstock will present several growth opportunities to the market. Also, ongoing R&D activities to develop cost-effective production methods are shaping the future of the itaconic acid market.

However, continuous fluctuations in the prices of raw materials, the high production costs, and the increasing demand for synthetically-derived building blocks for the manufacture of sealants, coatings, adhesives, and paints are the major factors limiting market growth.

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In the global itaconic acid market, Asia Pacific accounts for the largest market share owing to the presence of several local manufacturers, low labor costs, and the extensive use of itaconic acid for the production of various value-added chemicals such as ionomer cements, poly-itaconic acid, resins biofuel components, and others.

Some of the prominent players in the itaconic acid market include:
AEKYUNG PETROCHEMICAL Co., Ltd, Zhejiang Guoguang Biochemistry Co., Ltd., Qingdao Kehai Biochemistry Co., LTD., Itaconix Corporation, IWATA CHEMICAL CO., LTD., Chengdu Jinkai Biology Engineering Co., Ltd and Ronas Chemicals Ind. Co., Ltd, among others.

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Itaconic Acid Market Production, Revenue And Status forecast 2018 to 2025

Itaconic Acid

The Itaconic Acid Market research report 2019 includes analysis of factual data that provides research results, vital recommendations, conclusions, and other important information to the readers, who in turn bases clients decision making on the content of the report. Itaconic Acid Market research report also highlights each of the prominent factors related to the growth of the market are: growing GDP, revenue, demographics, increasing purchasing power, increasing demand, government incentives, government policies, regulatory policies, product standards, and manufacturing standards.

The major manufacturers covered in this report: Kehai Biochemistry, Guoguang Biochemistry, Huaming Biochemistry, Alpha Chemika, Zhongshun Science & Technology, Others.

The Global Itaconic Acid market report follows SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis with expected of 4.3% CAGR values during forecast period.

Itaconic Acid is a naturally occurring unsaturated 5-C dicarboxylic acid which is also known as methylenesuccinic acid or methylenebutanedioic acid . Itaconic acid was first described by Baup in 1836 when he discovered it as a product of citric acid distillation. Itaconic acid has the stoichiometric formula C5H6O4 and a molar weight of 130.1 g/mol. It exists as white to light beige crystals with a density of 1.573 g/mL at 25¡C, a melting point of 165-168¡C and a flash point of 268¡C . It dissolves in water up to 80.1 g/L at 20¡C which makes it quite easy to purify by crystallization. In a recent study IA was also found to dissolve well in several alcohols including methanol, 2-propanol and ethanol with the solubility increasing with temperature. Itaconic acid is also readily biodegradable in nature.

Click Here to Get Sample PDF Copy of Latest Research on ‘Itaconic Acid’  Market 2019 :

https://www.marketinsightsreports.com/reports/04081178675/global-itaconic-acid-market-insights-forecast-to-2025/inquiry?mode=82

In 2019, the market size of Itaconic Acid (IA) is 83 million US$ and it will reach 120 million US$ in 2025, growing at a CAGR of 4.3% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

China is at present the largest supply market for Itaconic Acid, accounting for an estimated 76.15 percent share of global production in 2017. The country holds the supply and demand of itaconic acid from the viewpoint of production, manufacture, and worldwide competitiveness. Itaconic acid is an important raw material in the chemicals industry, but it still occupies a niche market. The todayÕs use of itaconic acid is in the production of lubricant additives, surface active agents, dye intermediates, plastics, synthetic rubber and resins and chemical fibers.

A thorough study of the competitive landscape of the Global ‘Itaconic Acid’ Market has been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. This research report will give a clear idea to readers about the overall market scenario to further decide on this market project.

The ‘Itaconic Acid’ market can be divided based on product types and It’s sub-type, major applications and Third Party usage area, and Important regions.

This report segments the global ‘Itaconic Acid’ Market on the basis of Types are:

Synthesis
Fermentation
Others

On The Basis Of Application, the Global ‘Itaconic Acid’ Market is Segmented into:

Plasticizer
Lubricating Oil Additive
Others

The key segments covered in this report are geographical segments, end-use/application segments, and competitor segments. Local segment, regional supply, application and wise demand, major players, prices are also available by 2025. The Global ‘Itaconic Acid’ Market is expected to grow tremendously by 2025. This report represents a complete study of the market, market drivers, demanding circumstances, major upgrades.

SPECIAL OFFER: AVAIL FLAT 20% DISCOUNT ON ITACONIC ACID REPORT:

https://www.marketinsightsreports.com/reports/04081178675/global-itaconic-acid-market-insights-forecast-to-2025/discount?mode=82

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of ‘Itaconic Acid’ Market these regions, from 2019 to 2024 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) AsiaPacific (China, Japan, Korea, India and Southeast)

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Itaconic Acid Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/04081178675/global-itaconic-acid-market-insights-forecast-to-2025?mode=82

We also offer customization on reports based on specific client requirement:

1- Country level analysis for any 5 countries of your choice.

2- Competitive analysis of any 5 key market players.

3- 40 analyst hours to cover any other data points

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Report
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

Itaconic Acid Market Overview, Scope and Technology Advancement Outlook Till 2025

Itaconic Acid

The Itaconic Acid Market research report includes analysis of factual data that provides research results, vital recommendations, conclusions, and other important information to the readers, who in turn bases his or her decision making on the content of the report. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data, value and volume (as applicable).

Itaconic Acid Market report provide qualitative and quantitative analysis of market. Efficient sales strategies have been mentioned that would multiply business and customers in record time. An extensive qualitative analysis of factors responsible for driving the market growth and future opportunities has been provided in the market overview section.

The major manufacturers covered in this report: Kehai Biochemistry, Guoguang Biochemistry, Huaming Biochemistry, Alpha Chemika, Zhongshun Science & Technology, Others.

The Global Itaconic Acid market report follows SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis with expected of 4.3% CAGR values during forecast period.

Itaconic Acid is a naturally occurring unsaturated 5-C dicarboxylic acid which is also known as methylenesuccinic acid or methylenebutanedioic acid . Itaconic acid was first described by Baup in 1836 when he discovered it as a product of citric acid distillation. Itaconic acid has the stoichiometric formula C5H6O4 and a molar weight of 130.1 g/mol. It exists as white to light beige crystals with a density of 1.573 g/mL at 25¡C, a melting point of 165-168¡C and a flash point of 268¡C . It dissolves in water up to 80.1 g/L at 20¡C which makes it quite easy to purify by crystallization. In a recent study IA was also found to dissolve well in several alcohols including methanol, 2-propanol and ethanol with the solubility increasing with temperature. Itaconic acid is also readily biodegradable in nature.

Click Here to Get Sample PDF Copy of Latest Research on ‘Itaconic Acid’  Market 2019 :

https://www.marketinsightsreports.com/reports/04081178675/global-itaconic-acid-market-insights-forecast-to-2025/inquiry?source=xherald&mode=82

In 2019, the market size of Itaconic Acid (IA) is 83 million US$ and it will reach 120 million US$ in 2025, growing at a CAGR of 4.3% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

China is at present the largest supply market for Itaconic Acid, accounting for an estimated 76.15 percent share of global production in 2017. The country holds the supply and demand of itaconic acid from the viewpoint of production, manufacture, and worldwide competitiveness. Itaconic acid is an important raw material in the chemicals industry, but it still occupies a niche market. The todayÕs use of itaconic acid is in the production of lubricant additives, surface active agents, dye intermediates, plastics, synthetic rubber and resins and chemical fibers.

A thorough study of the competitive landscape of the Global ‘Itaconic Acid’ Market has been given, presenting insights into the company profiles, financial status, recent developments, mergers and acquisitions, and the SWOT analysis. This research report will give a clear idea to readers about the overall market scenario to further decide on this market project.

The ‘Itaconic Acid’ market can be divided based on product types and It’s sub-type, major applications and Third Party usage area, and Important regions.

This report segments the global ‘Itaconic Acid’ Market on the basis of Types are:

Synthesis
Fermentation
Others

On The Basis Of Application, the Global ‘Itaconic Acid’ Market is Segmented into:

Plasticizer
Lubricating Oil Additive
Others

The key segments covered in this report are geographical segments, end-use/application segments, and competitor segments. Local segment, regional supply, application and wise demand, major players, prices are also available by 2025. The Global ‘Itaconic Acid’ Market is expected to grow tremendously by 2025. This report represents a complete study of the market, market drivers, demanding circumstances, major upgrades.

SPECIAL OFFER: AVAIL FLAT 20% DISCOUNT ON ITACONIC ACID REPORT:

https://www.marketinsightsreports.com/reports/04081178675/global-itaconic-acid-market-insights-forecast-to-2025/discount?source=xherald&mode=82

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of ‘Itaconic Acid’ Market these regions, from 2019 to 2024 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia–Pacific (China, Japan, Korea, India and Southeast)

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Itaconic Acid Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/04081178675/global-itaconic-acid-market-insights-forecast-to-2025?source=xherald&mode=82

We also offer customization on reports based on specific client requirement:

1- Country level analysis for any 5 countries of your choice.

2- Competitive analysis of any 5 key market players.

3- 40 analyst hours to cover any other data points

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Report
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com