Press release
Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029
Itaconic acid is a bio based product, also identified as methyl succinic acid, it is first obtained by distillation of citric acid that is an organic compound which is used for the production of acrylate latexes and acrylonitrile butadiene. The market of Itaconic acid is niche in nature owing to its limited consumption in various end use industries on account of availability of large number of substitute. Itaconic acid find application in production of styrene butadiene rubber, deodorants, adhesives, unsaturated polyesters, reinforced glass fibers, polyesters resins, fabric binders, ion exchange resins and organosiloxanes. Key application of Itaconic acid is in manufacturing of SBR latex, used in construction industry for motors, cement bond coats, and concrete in order to improve chemical resistance and bond strength. It also has its application in Biocompatible Implants in PMMA is fueling the growth of global market of Itaconic acid.
Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6480
Itaconic Acid Market: Market Dynamics
Superabsorbent polymers (SAP) is the key application of Itaconic acid. In the production of SAP, petroleum based acrylic acid is being replaced by Itaconic acid as a major constituent. Itaconic acid is also being evident to replace maleic anhydride in production of unsaturated polyester resin (UPR) as it constitute of same property as maleic anhydride. Increasing demand for UPR in the production of fiber reinforced polymer (FPR) composites, electrical cabinets, pipes and laminating resins is expected to fuel the growth of global market of Itaconic acid. Application of Itaconic acid in coating and adhesive is evident to boost the opportunity for the market growth of Itaconic acid. Amino Carboxylate dispersant agent in detergent is being replaced by the derivative of Itaconic acid (polyitaconic). Itaconic acid is consider to be as key solvent in cosmetic product. Moreover, it find application in antiperspirant agents, and deodorant. Growing demand for cosmetic product may lead to fuel the growth of Itaconic acid market. Key factor hampering the market growth is upsurge in demand for bio-based substituent of Itaconic acid, which is produced by the processing of sugarcane. Insufficient availability of sugarcane for manufacturing process will affect to fulfill supply according to the demand.
COVID-19 Impact on Itaconic Acid Market
Covid-19 is expected to cause slowdown in construction and related industries such as paints & coatings which will directly hamper the Itaconic acid market. Automotive industry reported downturn since 2019 and Covid-19 further hampered the industry. Moreover, supply challenges owing to ongoing trade wars and border closures is projected to negatively impact the Itaconic acid market. China is the prominent producer and exporter of electrical & electronics industry is anticipated to have major impact of Covid-19 on its exports. Covid-19 has affected the global economy adversely and would take long time for recovery. The global pandemic has caused fall down in Oil & Gas prices, due to which USA has declared national emergency to uplift the oil & gas prices. The demand for lubricants and grease is expected to witness downfall due to hindrance in the manufacturing, automotive & aerospace amongst other industries. Also, the restriction on global sea-borne trade activities has hampered the marine grease consumption. The slowing demand for grease is estimated to decline the consumption of grease additives. Hence, the Covid-19 outbreak is anticipated to cause moderate to large scale impact on the Itaconic acid market.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=6480
Itaconic Acid Market: Segmentation
The global market of Itaconic acid can be segmented on the basis of type and application:
On the basis of type the global market of Itaconic acid can be segmented as:
Synthesis
Fermentation
On the basis of application the global market of Itaconic acid can be segmented as:
Plasticizer
Lubricating Oil Additive
Others
Itaconic Acid Market: Regional Outlook
The rise in number of construction sector in United Nation leads to the growth of Itaconic acid market. As this development leads to a great opportunity for vendors of Itaconic acid to take benefit from the increasing demand of SBR latex. The global Itaconic acid is evident to earned prominent share from Asia pacific region due to shutdown of manufacturing plants of Itaconic acid from other parts of the world. The Middle East and Africa region is expected to experience average growth rate due to economic transition. Latin America is anticipated to witness moderate growth rate as Itaconic acid demand is likely to be significant in Brazil, Argentina and Venezuela. North America is anticipated to have sluggish growth rate during forecast period owing to the shutting of manufacturing facilities as a result of inadequate demand from end use industries. Likewise, Rhodia has stopped producing Itaconic acid owing to less demand from the region. Rise in textile industries in United States will fuel the growth of Itaconic acid market owing to the factor that Itaconic acid is used in the modifying of cotton fabric.
Read Comprehensive Overview of Report @ https://www.tmrresearch.com/itaconic-acid-market
Itaconic Acid Market: Key Players
Examples of some market participants in Global Itaconic Acid Market identified across the value chain include:
Itaconix Corporation
Zhejiang Guoguang Biochemistry Co., Ltd.
Shandong Kaison Biochemical Co., Ltd.,
Jinan Huaming Biological Technology Co., Ltd.
Chengdu Jinkai Biology Engineering Co., Ltd
Qingdao Langyatai (Group) Co., Ltd
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029 here
News-ID: 2160967 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Itaconic
Itaconic Acid Market to be at Forefront by 2029
Itaconic Acid Market: Introduction & Definition
Itaconic acid is a bio based product, also identified as methyl succinic acid, it is first obtained by distillation of citric acid that is an organic compound which is used for the production of acrylate latexes and acrylonitrile butadiene. The market of Itaconic acid is niche in nature owing to its limited consumption in various end use industries on account of availability of large number…
Itaconic Acid Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Itaconic Acid Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-itaconic-acid-market_p108408.html
Itaconic Acid is a naturally occurring unsaturated 5-C…
Global Itaconic Acid (IA) Market Analysis, 2014-2025
The global Itaconic Acid (IA) market is valued at 83 million US$ in 2018 is expected to reach 120 million US$ by the end of 2025, growing at a CAGR of 4.3% during 2019-2025.
This report focuses on Itaconic Acid (IA) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Itaconic Acid (IA) market size by analyzing historical data and future…
Bio-based Itaconic Acid Market - Asia Pacific is Expected to be Largest Bio-base …
This study researches the market size of Bio-based Itaconic Acid in United States, European Union and China, presents the Bio-based Itaconic Acid production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth…
Itaconic Acid Market Competitive Analysis, Industry Dynamics 2023
Transparency Market Research has published a new report titled “Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”. According to the report, the global itaconic acid market was valued at US$ 126.4 Mn in 2014 and is anticipated to reach US$ 204.6 Mn by 2023, expanding at a CAGR of 5.5% between 2015 and 2023.
Read Report Overview @
https://www.transparencymarketresearch.com/itaconic-acid-market.html
Itaconic acid is an…
Itaconic Acid Market Sizing with Competitive Landscape by 2021
The report covers forecast and analysis for the Itaconic Acid market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on volume and revenue (USD Million). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in…
