openPR Logo
Press release

Itaconic Acid Key Information by Top Key Players - Lucite International, Itaconix Corporation, DSM, Zhejiang Guoguang Biochemistry

Itaconic Acid Market

Itaconic Acid Market

Itaconic Acid Market sshare is anticipated to surpass USD 290 million by 2024; according to a new research report by Global Market Insights, Inc. MMA will be a key potential application for this platform. Manufacturers are focusing on producing bio-MMA due to rising preference for sustainable products. Lucite International, a Mitsubishi Rayon subsidiary is working on the Bio-MMA production from itaconic acid. MMA application is projected to be valued over 80 million by 2024.

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, addressable market potential depends on the availability as well as itaconic acid market price trend.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/782

Synthetic latex catered to more than 50% of the total 2015 demand. Rising demand for paints & coatings, carpets, textiles, and adhesive & sealants owing to construction industry expansion are driving synthetic latex demand. Itaconic acid is primarily used for polymer stabilization to enhance quality.

High production cost along with presence of low-priced substitutes such as acetone cyanohydrins may impact itaconic acid market size in terms pf penetration. Manufacturers are consistently investing in R&D to add and develop new production processes in order to reduce production cost, and enhance chemical performance.

Innovations to improve substrate conversion yield by increasing biosynthesis pathway efficiency may result in lower production cost. E. coli and Aspergillus niger’s genetic modification are likely to contribute in making the chemical more economical.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/782

China itaconic acid market size may exceed USD 20 million by 2024. The production is mainly concentrated in China due to presence of abundant natural resources and advanced fermentation technology.

Superabsorbent polymers (SAP) market was over USD 5 million for 2015. SAP applications are not only limited to diaper and hygiene products, but also in medical, construction, and agriculture applications owing to its high water retaining and absorbing properties. Itaconic acid is used as a cross-linking agent in SAP owing to its efficient polymerization properties.

UK itaconic acid market size was over USD 2 million for 2015. EU compliances to discourage petrochemical’s production along with rising consumer health consciousness will stimulate regional growth.

Sodium tripolyphosphate (STPP), most widely used detergent builder is already sidelined in North America and Europe laundry detergent markets owing to rising eutrophication risk which may positively influence detergent builders’ application segment. Detergent builders’ application is projected to surpass USD 20 million valuation by 2024.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/itaconic-acid-market

Global itaconic acid market share is fairly fragmented with a number of manufacturers mainly concentrated in Asia Pacific. In terms of production output, Zhejiang Guoguang, Jinan Huaming Biochemistry, and Qingdao Kehai Biochemistry are major industry players.

Other major industry participants which are focusing on addressable applications include Lucite, Itaconix, and DSM.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporte Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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 Key Information by Top Key Players - Lucite International, Itaconix Corporation, DSM, Zhejiang Guoguang Biochemistry here

News-ID: 1350709 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


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