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Global Itaconic Acid Market to Witness a Pronounce Growth During 2024– Top Key players like Kehai Biochemistry,Guoguang Biochemistry,Alpha Chemika,Inc.
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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.
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.
According to this study, over the next five years the Itaconic Acid market will register a 2.6% CAGR in terms of revenue, the global market size will reach US$ 100 million by 2024, from US$ 90 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Itaconic Acid business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Kehai Biochemistry
Guoguang Biochemistry
Huaming Biochemistry
Alpha Chemika
Zhongshun Science & Technology
Market Segment by Type, covers
Synthesis
Fermentation
Market Segment by Applications, can be divided into
Plasticizer
Lubricating Oil Additive
Other
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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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