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 Competitive Research And Precise Outlook 2014 to 2025

Itaconic Acid

The Itaconic Acid market (browse description and TOC) 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).

According to this study, the overall Itaconic Acid market is expected to grow at CAGR of 4.9% for the forecasted period (2014-2025).

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.
Common end products of IA polymerization reactions include polyitaconic acid (PIA) and styrene-butadiene rubber (SBR) latex made from the polymerization of styrene, butadiene and itaconic acid.
Itaconic acid is also used in the manufacture of emulsion paints, where it improves the adhesion of the paint.
Itaconic Acid is used as a hardening agent in organosiloxanes for use in contact lenses; in binders for use in diapers and feminine napkins, in the production of glass ionomer cement a biocompatible cement used in dentistry.

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Companies Covered-

Itaconix Corporation, Alpha Chemika, Chengdu Jinkai, Shandong Kaison, Qingdao Langyatai, Jinan Huaming, Zhejiang Guoguang, Aekyung Petrochemical, Iwata Chemical, Ronas Chemical, and others.

The study covers demand-supply analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, China, Japan, India, Indonesia, Malaysia, Brazil, Poland and South Korea.

This study presents the Itaconic Acid production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. History breakdown data from 2014 to 2019, and forecast to 2025. The Itaconic Acid market report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

Key points of Itaconic Acid Market Report

  • The report provides a basic overview of Itaconic Acid industry including: definition, applications and manufacturing technology.
  • The report explores Global and Chinese major players in Itaconic Acid market. In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.
  • The report depicts the global and Chinese total Itaconic Acid market including: capacity, production, production value, cost/profit, supply/demand and Chinese import/export, by statistical analysis.
  • The global Itaconic Acid market is further divided by company, by country, and by application/type for the competitive landscape analysis.
  • The report then estimates 2019-2024 development trends, analyze upstream raw materials, downstream demand, and current market dynamics of Itaconic Acid market.
  • The report makes some important proposals for a new project of Itaconic Acid Industry before evaluating its feasibility.
  • Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Itaconic Acid market covering all important parameters.

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Key Stakeholders for the Itaconic Acid market report:

The stakeholders include dissolving pulp producers, buyers, agents, traders, logistical service providers, banks and consultants. It has become a key reference tool for the marketing departments in these companies, and is also commonly used for strategic planning and by investor relations. The service helps clients to plan effectively and successfully: to identify and seize opportunities and strategize for any threats.

The overview of the Itaconic Acid market report and a brief TOC is as below:

  1. Introduction
    2. Study Coverage & Research Methodology
    3. Manufacturing Process & Technology
    4. Plants And Projects Analysis (2014-2025)
    5. Demand-Supply Analysis (Historical And Forecast)
    5.1. Global Demand-Supply Analysis (2014-2025)
    5.2. Demand-Supply Analysis By Region/Country (2014-2025)
    5.2.1. Global
    5.2.2. Western Europe
    5.2.3. Central & Eastern Europe
    5.2.4. Asia-Pacific
    5.2.5. Central & South America
    5.2.6. Middle East & Africa
    6. Supplier Profile
    7. Market Overview
    8. Macro-Economic Outlook
    9. Conclusion and Strategic Recommendations

– Data sources and Research Methodology used for the Itaconic Acid market research are:

Primary Sources

  1. In-depth Interview with market related players, such as:
  • Manufactures
  • Distributors
  • End-users
  • Suppliers
  • Experts
  1. Primary Surveys

Secondary Sources

  • Industry Association Data
  • Government Document
  • International Organization Document
  • News/Book/Journal
  • Related Database
  • Market Research Report
  • Annual Report/Presentation
  • Online Source Information

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The Itaconic Acid market Report delivers:

  • One main report published in Aug, containing detailed supply, demand and price analyses and five-year forecasts for dissolving pulp. The reports are distributed as electronic copies in PDF and Excel.
  • There is also an option of two interim forecast updates, published in June and December. These together with the main reports, these short update reports allow the key forecast data and assumptions – in particular the price forecast – to be updated every quarter. Distributed electronically via PDF and Excel.  Ask for the cost of the update at .
  • Free consultation with the analyst for 1 year from the date of purchase of the report.

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Itaconic Acid Market Insights and Precise Outlook 2020 to 2026

Global Itaconic Acid Market Insights, Forecast to 2026

The report discusses many vital industry facets that influence “Global Itaconic Acid Market” industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

Global Itaconic Acid Market Analysis Report includes Top Companies Ronas Chemicals Ind. Co., Ltd. (China), Alpha Chemika (India), Qingdao Langyatai Group Co., Ltd. (China), Shandong Zhongshun Science & Technology Development Co., Ltd. (China), Zhejiang Guoguang Biochemistry Co., Ltd. (China), Shandong Kaison Biochemical Co., Ltd. (China), Chengdu Jinkai Biology Engineering Co., Ltd. (China) along with their company profile, growth aspects, opportunities, and threats to the market development. This report presents the industry analysis for the forecast timescale. An up-to-date industry details related to industry events, import/export scenario, market share is covered in this report.

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Global Itaconic Acid Market Split by Product Type and Applications:

This report segments the Global Itaconic Acid Market on the basis of Types are:


On the basis of Application, the Global Itaconic Acid Market is segmented into:

Lubricating Oil Additive

Regional Analysis For Itaconic Acid Market:

North America (United States, Canada, and Mexico)

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)

Europe (Germany, France, UK, Italy, Russia, Rest of Europe)

Central & South America (Brazil, Rest of South America)

Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)

Influence of the Itaconic Acid market report:

-Comprehensive assessment of all opportunities and risk in the Itaconic Acid market.

-Itaconic Acid market recent innovations and major events.

-Detailed study of business strategies for growth of the Itaconic Acid market-leading players.

-Conclusive study about the growth plot of Itaconic Acid market for forthcoming years.

-In-depth understanding of Itaconic Acid market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Itaconic Acid market.

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

Research Methodology:

Itaconic Acid Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Itaconic Acid Market, to estimate the size of various other dependent submarkets in the overall market.

Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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