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