Itaconic Acid Trends and Forecast
The future of the global itaconic acid market looks promising with opportunities in the SBR latex, synthetic latex, chillant dispersant agent, and superabsorbent polymer markets. The global itaconic acid market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing demand for bio-based unsaturated polyester resin and increasing adoption of this substrate in food industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Itaconic Acid by Segment
The study includes a forecast for the global itaconic acid by derivative, application, and region.
Itaconic Acid Market by Derivative [Shipment Analysis by Value from 2018 to 2030]:
• Styrene Butadiene Itaconic Acid
• Methyl Methacrylate
• Polyitaconic Acid
• Others
Itaconic Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• SBR Latex
• Synthetic Latex
• Chillant Dispersant Agent
• Superabsorbent Polymer
• Others
Itaconic Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Itaconic Acid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies itaconic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the itaconic acid companies profiled in this report include-
• Itaconix Corporation
• Jinan Huaming Biochemistry
• Qingdao Langyatai Group
• Zhejiang Guoguang Biochemistry
• Alpha Chemika
• Chengdu Jinkai Biology Engineering
• Ronas Chemicals
• Iwata Chemical
• Shandong Kaison Biochemical
• Aekyung Petrochemical
Itaconic Acid Market Insights
Lucintel forecasts that styrene butadiene itaconic acid will remain the largest segment over the forecast period.
Within this market, SBR latex will remain the largest segment over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Itaconic Acid Market
Market Size Estimates: Itaconic acid market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Itaconic acid market size by derivative, application, and region in terms of value ($B).
Regional Analysis: Itaconic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different derivatives, applications, and regions for the itaconic acid market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the itaconic acid market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for itaconic acid market?
Answer: The global itaconic acid market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the itaconic acid market?
Answer: The major drivers for this market are growing demand for bio-based unsaturated polyester resin and increasing adoption of this substrate in food industry.
Q3. What are the major segments for itaconic acid market?
Answer: The future of the itaconic acid market looks promising with opportunities in the SBR latex, synthetic latex, chillant dispersant agent, and superabsorbent polymer markets.
Q4. Who are the key itaconic acid market companies?
Answer: Some of the key itaconic acid companies are as follows:
• Itaconix Corporation
• Jinan Huaming Biochemistry
• Qingdao Langyatai Group
• Zhejiang Guoguang Biochemistry
• Alpha Chemika
• Chengdu Jinkai Biology Engineering
• Ronas Chemicals
• Iwata Chemical
• Shandong Kaison Biochemical
• Aekyung Petrochemical
Q5. Which itaconic acid market segment will be the largest in future?
Answer: Lucintel forecasts that styrene butadiene itaconic acid will remain the largest segment over the forecast period.
Q6. In itaconic acid market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the itaconic acid market by derivative (styrene butadiene itaconic acid, methyl methacrylate, polyitaconic acid, and others), application (SBR latex, synthetic latex, chillant dispersant agent, superabsorbent polymer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Itaconic Acid Market, Itaconic Acid Market Size, Itaconic Acid Market Growth, Itaconic Acid Market Analysis, Itaconic Acid Market Report, Itaconic Acid Market Share, Itaconic Acid Market Trends, Itaconic Acid Market Forecast, Itaconic Acid Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.