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Itaconic Acid Market to Surpass $139.54 Million by 2030, Growing at a CAGR of 6.5%

01-14-2025 11:06 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Itaconic Acid Market

Itaconic Acid Market

๐ˆ๐ญ๐š๐œ๐จ๐ง๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The market for itaconic acid was estimated to be worth USD 89.79 million in 2023. From 2024 to 2030, it is anticipated that total revenue from itaconic acid will increase at a compound annual growth rate (CAGR) of 6.5% to reach over USD 139.54 million.

It is anticipated that the need for itaconic acid will increase as a result of UPR's production of fiber reinforced polymer composites, artificial stones, pipes, electrical cabinets, and laminating resins. The demand for itaconic acid may be fueled by the manufacturing of methyl methacrylate as a substitute for petrochemicals.

Environmentally friendly product trends have pushed industry producers to use biotechnological sources to make polymethyl methacrylate. The market is being held back by the high cost of Itaconic compared to its alternatives, which include detergents, superabsorbent polymers, unsaturated polyester resins, and synthetic latex. continuous advancements and growing manufacturing expansion.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/5768/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ฅ๐ž ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง

Vietnam's chemical industry is increasingly adopting bio-based solutions to meet rising environmental standards. Local firms are partnering with global players to enhance biotech production capacities for itaconic acid.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ

Thailand's focus on industrial manufacturing and export-driven sectors has boosted demand for itaconic acid, especially in polymer and coating applications. Collaborations with companies like Itaconix Corporation support local production.

๐‰๐š๐ฉ๐š๐ง: ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐’๐ฉ๐ž๐œ๐ข๐š๐ฅ๐ญ๐ฒ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ

Japan leads in research and development for specialty chemicals. Companies such as FUSO Chemical Co., Ltd. are advancing applications of itaconic acid in adhesives and coatings, driving growth.

๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/5768/

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐จ-๐›๐š๐ฌ๐ž๐ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ

South Korea's commitment to reducing petrochemical dependence has spurred investments in bio-based chemical facilities. Firms like Aekyung Petrochemical Co. Ltd. are focusing on itaconic acid for enhanced polymer production.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž: ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐จ-๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ

Singapore's position as a regional innovation hub supports advancements in sustainable materials, including itaconic acid. Companies are leveraging the nation's strong biotech infrastructure to develop specialized applications.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‘๐ž๐ง๐ž๐ฐ๐š๐›๐ฅ๐ž ๐๐จ๐ฅ๐ฒ๐ฆ๐ž๐ซ๐ฌ

The U.S. market is witnessing increased use of itaconic acid in renewable polymer manufacturing. Companies like Thermo Fisher Scientific and Merck KGaA are investing in R&D to explore newer applications.

๐…๐จ๐ซ ๐š ๐ช๐ฎ๐ข๐œ๐ค ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/request-sample/5768/

๐ˆ๐ญ๐š๐œ๐จ๐ง๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐ƒ๐ž๐ซ๐ข๐ฏ๐š๐ญ๐ข๐ฏ๐ž

Styrene Butadiene
Polyitaconic Acid
Methyl Methacrylate
Others

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

SBR Latex
Chillant Dispersant Agent
Synthetic Latex
Superabsorbent Polymers
Others

๐“๐จ ๐‹๐ž๐š๐ซ๐ง ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐’๐ญ๐ฎ๐๐ฒ, ๐๐ฅ๐ž๐š๐ฌ๐ž ๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/market-report/itaconic-acid-market/5768/

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Itaconix Corporation launched bio-based superabsorbents for hygiene and industrial applications.
FUSO Chemical Co. announced investments in research for advanced coatings using itaconic acid.
Thermo Fisher Scientific expanded its product line with eco-friendly polymer additives based on itaconic acid.

๐ˆ๐ญ๐š๐œ๐จ๐ง๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Itaconix Corporation
2. Qingdao Langyatai
3. Alpha Chemika
4. Zhejiang Guoguang Biochemistry Co., Ltd.
5. Iwata Chemical Co., Ltd.
6. Jinan Huaming Biochemistry Co. Ltd.
7. Shandong Kaison Biochemical Co., Ltd.
8. Chengdu Jinkai Biology Engineering Co., Ltd.
9. Aekyung Petrochemical Co. Ltd.
10. Ronas Chemicals Ind. Co., Ltd.
11. Citrus Food Additives Co., Ltd.
12. Shandong Shunda
13. Ultimate Chem India Pvt. Ltd.
14. Shandong Zhongshun Science & Technology Development Co., Ltd.
15. Nanjing Huajin Healthcare Biologicals Co. Ltd.
16. Choice Organochem Llp.
17. FUSO CHEMICAL CO., LTD.
18. Alfa Aesar
19. Thermo Fisher Scientific
20. Merck KGaA
21. Henan Haofei Chemical Co.,Ltd.
22. Haihang Industry Co., Ltd

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

Global Anti Malarial Drugs Market https://www.maximizemarketresearch.com/market-report/global-anti-malarial-drugs-market/24938/

Global Cobalt Sulphate Market https://www.maximizemarketresearch.com/market-report/global-cobalt-sulphate-market/31875/

5G Technology Market https://www.maximizemarketresearch.com/market-report/global-5g-technology-market/29458/

Global Automotive Connectors Market https://www.maximizemarketresearch.com/market-report/automotive-connectors-market/11106/

Global PlantBased Protein Supplements Market https://www.maximizemarketresearch.com/market-report/global-plant-based-protein-supplements-market/28362/

Global Autoclaved Aerated Concrete (AAC) Market https://www.maximizemarketresearch.com/market-report/global-autoclaved-aerated-concrete-aac-market/35109/

Global Nanomedicine Market https://www.maximizemarketresearch.com/market-report/nanomedicine-market/39223/

Automotive Lubricants Market https://www.maximizemarketresearch.com/market-report/automotive-lubricants-market/11170/

Global Aluminum Hydroxide Market https://www.maximizemarketresearch.com/market-report/global-aluminum-hydroxide-market/70443/

DNA Polymerase Market https://www.maximizemarketresearch.com/market-report/dna-polymerase-market/187708/

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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