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Itaconic Acid Market is expected to grow at a CAGR of 4.4% during the forecast period of 2023-2030 : Cognitive Market Research
Itaconic Acid Market is expected to grow at a CAGR of 4.4% during the forecast period of 2023-2030 : Cognitive Market Research
- Itaconic acid is an organic compound known as methylidene succinic acid. It is a naturally occurring crystalline form of a white, colorless compound. The acid is frequently used to make a variety of substances, including resins, paints, plastics, and synthetic fibers. Itaconic acid is a chemical that is easily biodegradable and non-toxic. It is an unsaturated organic diacid that acts as a basic chemical alternative to acrylic acid. Typically, the acid is used as a precursor chemical to produce a variety of value-added compounds, including resins, biofuel components, ionomer cement, and poly-itaconic acid.
Summary:
● The global itaconic acid market was valued at USD 97.9 Mn and is expected to exhibit a CAGR of 4.4% during the forecast period.
● Asia Pacific accounted for the largest revenue share for the growth of the global itaconic acid market.
● The styrene-Butadiene Itaconic Acid segment is anticipated to hold the largest market share.
"To know more The Itaconic Acid Market statistics click here: https://www.cognitivemarketresearch.com/itaconic-acid-market-report
Market Dynamics:
- The increasing popularity of sustainable products and the rising prevalence of bio-based unsaturated polyester resin drives the demand for the global market. Furthermore, growing research and development investment to produce advanced products offers the opportunity for the global itaconic acid market growth. However, the higher cost of itaconic acid may hamper the growth of the market.
Market Segmentation:
Derivative:
● Styrene Butadiene
● Methyl Methacrylate
● Polyitaconic Acid
● Others
- The styrene-Butadiene Itaconic Acid segment is anticipated to drive global market growth with the highest revenue share. This is attributed to its benefits such as improved tensile strength, anti-oxidation properties, and an excellent bond.
Application:
● SBR Latex
● Synthetic Latex
● Chillant Dispersant Agent
● Superabsorbent Polymer
● Unsaturated Polyester Resins
● Methyl Methacrylate
● Detergent Builder
● Others
- Superabsorbent polymers are anticipated to have the highest growth rate, due to the usage of itaconic acid in skincare, hygiene care, personal care, cosmetics, and detergent industries.
The Major Players in Itaconic Acid Market are:
Kehai Biochemistry, Guoguang Biochemistry, Huaming Biochemistry, Alpha Chemika, Zhongshun Science & Technology..
Get free sample pages of latest published Itaconic Acid Report:
https://www.cognitivemarketresearch.com/itaconic-acid-market-report#request_sample
Regional Analysis:
- North America is projected to register the highest growth rate, due to the suitable government regulations to encourage bio-based production because of environmental safety. Furthermore, Asia-Pacific dominates the itaconic acid market due to increasing foreign direct investment from several countries such as China, India, and Thailand.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Itaconic Acid Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Itaconic Acid Market Segmentation
1.5.1 Itaconic Acid Market Regional Fragmentation
1.5.1 Itaconic Acid Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Itaconic Acid Market
Chapter 4 Global Itaconic Acid Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Itaconic Acid Market by Type Segmentation Analysis (2018-2030)
• 8.1 Detailed Qualitative Analysis
• 8.2 Global Itaconic Acid Revenue and Share (%) by Type (2018-2030)
8.2.1 Synthesis Market Size
8.2.1.1 Global Synthesis Market Share and Revenue (USD Million) for 2018-2030
8.2.2 Fermentation Market Size
8.2.2.1 Global Fermentation Market Share and Revenue (USD Million) for 2018-2030
Chapter 9 Global Itaconic Acid Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Itaconic Acid Market by Derivatives Segmentation Analysis (2018-2030)
Chapter 11 Global Itaconic Acid Market Regional Analysis
Chapter 12 North America Itaconic Acid Market Outlook (2018 - 2030)
Chapter 13 Europe Itaconic Acid Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Itaconic Acid Market Outlook (2018 - 2030)
Chapter 15 Latin America Itaconic Acid Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Itaconic Acid Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Itaconic Acid Market TOC click here: https://www.cognitivemarketresearch.com/itaconic-acid-market-report#table_of_contents
Related Reports
● Acrylic Acid Market - https://www.cognitivemarketresearch.com/acrylic-acid-market-report
● Hydrocolloids Market - https://www.cognitivemarketresearch.com/hydrocolloids-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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