Itaconic acid market will experience an outstanding outcome attributed to the hike in demand from the SBR latex industry in the upcoming years, as per the estimations made by IndustryARC’s new intelligence report. According to this study, the global itaconic market had crossed the market value of $90 million in the year 2018 and opportunities are foreseen to grow at a CAGR of 4% during the forecast period of 2019-2025.
The report is titled “Itaconic Acid Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019-2024.” This report proffers latest trends and scopes of the global itaconic market to be utilized by market players.
Global Itaconic Acid Market: Demand Analysis
Itaconic acid, also known as methylidenesuccinic acid, is inclining towards substantial revenue attributing to the large scale application in various businesses to manufacture products such as acrylonitrile butadiene styrene, acrylate latexes, bio-based unsaturated polyester resin, and several others. This organic compound has extended its pathway into the market as a cost-effective biomass reducing the use of petrochemicals as well costly coating color additives.
Global Itaconic Acid Market: Leading Segments
APAC has the largest contributing share in the global itaconic acid market. This region is the center for paper and pulp and textile industries with the highest population count in the world. The purchasing power of the population majorly fuels the high demand for SBR latex in this region. As per the evaluation, APAC had a regional share of 35% in the year 2018.
SBR latex is widely used in paper products such as cardboard, magazines, magazines, sandpaper, carpets, non-woven fabrics, and many more. The application of itaconic acid in SBR latex will grow at a CAGR of 4.80% through to 2025 with a strong economic growth in APAC region.
Global Itaconic Acid Market: Disruptive Trends
Ø Sustainable Petrochemical Substitute
Itaconic acid plays a major role in manufacturing of various polymers and is a dynamic change for petrochemical usage. Biomass generated products are trending in the market owing to their efficiency and low pollution rate as compared to the non-renewable energy products. Itaconic acid is experiencing a hike in demand by the industries in the pursuit of biotechnological enhancement.
Ø Renewable Polyester Production
Itaconic acid is obtained from natural components available in the vicinity. The diverse list of these organic sources includes the distillation of citric acid, from microorganisms (Aspergillus Terreus), fermenting sugar or starch, and so on. Polyester manufactured from itaconic acid, made from these organic compounds, retains several features such as strength, adhesion, water and aqueous absorption. Resultantly, this scales up the demand of the global itaconic acid market.
Ø Dominating SBR latex Usage
SBR latex industry is constantly influencing the global itaconic market growth. Notable for versatile characteristics, SBR latex is applied to many industrial sectors such as paper and pulp, paint, fiber processing, furniture, and glass fabrication industry. Itaconic acid market is the leading supplier to these sectors inducing a significant economic growth
Ø Application as Superabsorbent Polymers
Itaconic acid market is breaking barriers with multipurpose benefits to its end-users. One of the prominent derivative compounds of itaconic acid is superabsorbent polymers. As the name suggests, this polymer is widely used for absorbing large quantity of fluids and finds place in manufacturing of various products as diapers, surgical pads, gel actuators, female napkins, and many others.
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What can you expect from the report?
The Itaconic Acid Market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
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2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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