Itaconic Acid Market to Register a Stout Growth | 2023
Read Report Overview @
Itaconic acid is an important building block in the chemical industry. It is a white crystalline powder and readily biodegrades in soil. Hence, it is an optimum substitute for petro-derived chemicals such as acrylic acid, maleic anhydride, or acetone cyanohydrin in various end-user industries. The demand for itaconic acid is high in the manufacturing of superabsorbent polymers (SAP). Itaconic acid is used as a cross-linking agent due to its ability to efficiently take part in addition polymerization. SAP is readily used in diapers, adult incontinence, and feminine hygiene products. It also finds large application in seed coating, root dipping, ornamental gardens, food packaging, and artificial snow. Moreover, increasing demand for unsaturated polyester resins (UPR) in pipes, artificial stones, electrical cabinets, and laminating resins is expected to increase the demand for itaconic acid. High price of itaconic acid is the major factor hampering the growth of itaconic acid market. The prices of itaconic acid are currently higher than its counterparts and hence, the potential for replacement is less significant. However, the growth potential is slated to rise in the near future due to the ongoing development and exploration of novel production technology.
Synthetic latex was the largest application segment of the itaconic acid market in terms of volume in 2014 and held more than 55% share of the global itaconic acid market. The segment is expected to witness the second fastest growth rate during the forecast period. Detergents application segment is projected to be a sluggish growing market from 2015 to 2023. Poly itaconic acid (a derivative of itaconic acid) has the potential to replace sodium tripolyphospate in detergents. However, strong establishment of other phosphate-free builders impedes the growth of itaconic acid in detergents application. Others application segment such as lubricant oil, adhesives, paints & coatings, pharmaceuticals, emulsifiers, herbicides, printing chemicals, and acrylic fiber is expected to expand at a moderate rate from 2015 to 2023.
Request to view Sample Report:
The global itaconic acid market is highly concentrated in nature; the top three players accounted for more than 60% share in 2014. Key players in the itaconic acid market include: Itaconix Corporation, Chengdu Jinkai Biology Engineering Co., Ltd., Jinan Huaming Biological Technology Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Shandong Kaison Biochemical Co., Ltd., and Qingdao Langyatai (Group) Co., Ltd. among others.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 to Register a Stout Growth | 2023 here
News-ID: 1218593 • Views: 159
More Releases from Transparency Market Research Reports
Rare Earth Elements Market Overview and Regional Outlook Study 2015 - 2023
Rare earth elements are a group of seventeenchemical elements that occur together in the periodic table. The group consists of yttrium, scandium, and fifteen lanthanide elements (lanthanum, cerium, thulium, ytterbium, praseodymium, gadolinium, terbium, dysprosium, neodymium, promethium, samarium, europium, holmium, erbium, and lutetium). The seventeen rare earth elements are found in all rare earth elements deposits; however, their distribution and concentration varies. These elements are referred as 'rare,' as it is
Acrolein Market Outlook, Competitive Landscape And Forecasts To 2024
Acrolein, also known as 2-propenal is the simplest unsaturated aldehyde. It’s a colourless liquid and exhibits a disagreeable acrid smell.. Acrolein is manufactured from petrochemical feedstocks such as propylene and glycerine. Acrolein is primarily used as an important intermediate and a specialty chemical. Acrolein is rapidly gaining importance due to its versatile use in plastic and paint industries. One of the most widely used industrial methods of preparing acrolein involves
Polycyclohexylenedimethylene Terephthalate (PCT) Market Set For Rapid Growth And …
Polycyclohexylenedimethylene terephthalate (PCT) is typically a thermoplastic polyester produced from the polycondensation of cyclohexylene-dimethanol and terephthalic acid. The chemical structure of polycyclohexylenedimethylene terephthalate (PCT) is quite similar to that of polyethylene terephthalate (PET). Moreover, the properties of polycyclohexylenedimethylene terephthalate (PCT) such as dimensional stability and chemical resistance are same as that of polyethylene terephthalate (PET). Furthermore, PCT is principally resistant to hydrolysis and high temperatures. Owing to all such properties,
Sulfur Chemicals Market Outlook, Competitive Landscape And Forecasts To 2024
Global Sulfur Chemicals Market: Overview The growing demand for sulfur chemicals in various end use industries such as the food, wine, pharmaceuticals, oil and gas, agriculture, detergents, and bio chemical processes is aiding the expansion of the global sulfur chemicals market. Sulfur chemicals are also vital ingredients in fertilizers. They are used in the vulcanization of black rubber, for plaster production in the construction industry, and for the treatment of
More Releases for Itaconic
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
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 Trends, Opportunities and Forecast up to 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. View Full Report: https://www.transparencymarketresearch.com/itaconic-acid-market.html Asia Pacific dominated the global itaconic
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
Itaconic Acid Market size potential exceeds $290 million by 2024
Itaconic Acid Market size potential exceeds USD 290 million by 2024; according to a new research report by Global Market Insights, Inc. Rising demand for bio-based chemical intermediates for sustainable products will drive itaconic acid market growth, which offers an ideal platform. Chemicals, that can be possibly replaced by this platform include acetone cyanohydrin (MMA production), acrylic acid (superabsorbent polymers), maleic anhydride (UPR) and sodium tripolyphosphate (phosphate less detergent builder). However,