Press release
Itaconic Acid Market Size, Share, Development by 2024
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Itaconic Acid is a naturally occurring unsaturated 5-C dicarboxylic acid which is also known as methylenesuccinic acid or methylenebutanedioic acid
Scope of the Report:
Currently, the largest applications for itaconic acid are Plasticizer, accounting for 56.10% of the global itaconic acid market. The other significant applications include, Lubricating Oil Additive, which account for 26.52% of global market. The biggest market potential for itaconic acid is in new applications, such as unsaturated polyester resins, superabsorbent polymers, phosphate free detergents and for production of methyl methacrylate.
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.
The worldwide market for Itaconic Acid is expected to grow at a CAGR of roughly 2.6% over the next five years, will reach 100 million US$ in 2024, from 90 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Itaconic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Kehai Biochemistry
Guoguang Biochemistry
Huaming Biochemistry
Alpha Chemika
Zhongshun Science & Technology
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Synthesis
Fermentation
Market Segment by Applications, can be divided into
Plasticizer
Lubricating Oil Additive
Other
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-itaconic-acid-market_p108408.html
Related Information:
North America Itaconic Acid Market Growth 2019-2024
United States Itaconic Acid Market Growth 2019-2024
Asia-Pacific Itaconic Acid Market Growth 2019-2024
Europe Itaconic Acid Market Growth 2019-2024
EMEA Itaconic Acid Market Growth 2019-2024
Global Itaconic Acid Market Growth 2019-2024
China Itaconic Acid Market Growth 2019-2024
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