Itaconic acid or methylidenesuccinic acid is an organic compound, which is soluble in water. This dicarboxylic acid is a white solid, and it is obtained by the distillation of citric acid. But currently, the fermentation process is more popular among the processes. This chemical has usage in SRB latex, synthetic latex, chillant dispersant agent, and superabsorbent polymers. The market for Itaconic Acid is influenced by the rising demand for skincare products, the evolution of environment friendly chemicals required by end-use industries, and increasing demand for bio-based unsaturated polyester resin. —
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Key Itaconic Acid Market players covered in the report are:
Itaconix Corporation, Qingdao Langyatai Group Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Jinan Huaming Biochemistry Co. Ltd., Iwata Chemical Co., Ltd., Alpha Chemika, Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Chengdu Jinkai Biology Engineering Co., Ltd., and Ronas Chemicals Ind. Co., Ltd. among others.
On the basis of Types, the Itaconic Acid Market report can be segmented into:
• Styrene Butadiene
• Methyl Methacrylate
• Polyitaconic Acid
On the basis of Applications, the Itaconic Acid Market can be segmented into:
• SBR Latex
• Synthetic Latex
• Chillant Dispersant Agent
• Superabsorbent Polymer
The report on the global Itaconic Acid market also includes an in-depth analysis of the competitive landscape. The report analyzes key marketing and promotional strategies that are being adopted by leading companies in the market. It analyzes key marketing and promotional strategies that are being adopted by key companies in the market. To back its opinion, the market report mentions all the factors and events impacting the market, such as mergers, acquisitions, joint ventures, strategic alliances, takeovers, and others. It also studies the competitive landscape of the global Itaconic Acid market.
The Itaconic Acid Market report is segmented into the following regions:
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
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Key questions answered in the report:
• What is the predicted market size and growth rate in the forecast period?
• What are the major factors driving the Global Itaconic Acid Market?
• What are the different risks and challenges faced in the industry?
• Who are the prominent players in the Global Itaconic Acid Market?
• What are the latest trending factors influencing market growth?
• What are the outcomes of Porter’s Five Forces Analysis and SWOT Analysis?
Key reasons to buy the report:
• Various analysis methods are used to analyze and deliver precise market information to readers.
• Digital technologies are used to facilitate clients with various updated market solutions.
• Multi-disciplinary approach to provide accurate and reliable insights into several industries.
• Data collection is carried out by using primary and secondary sources.
• Round-the-clock availability of our analysts to serve clients across the world.
Further key findings from the report suggest
• The fermentation process segment held a larger market share of 71.3% in the year 2018. Due to the depletion of fossil fuels, the fermentation process has replaced all the petroleum-based methods.
• Styrene Butadiene segment is forecasted to grow with the highest CAGR of 4.9% during the forecast period. Styrene butadiene itaconic acid possesses superior properties such as excellent bonding, tensile strength, binder strength, frothing machinability, and anti-oxidation properties. This portrays in the glossy finish and smoothness in paper processing and paper coating application.
• The superabsorbent polymers segment is forecasted to grow with the highest CAGR of 4.9% during the forecast period. The itaconic acid-based superabsorbent polymers are primarily used in cosmetics, skincare, personal care, and hygiene care industries. Superior properties of itaconic acid are expected to increase its use in these applications and will boost the market for itaconic acid in the forecast period.
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The Itaconic Acid Market report delivers the principle locale, latest economic situations with the item value, benefits, production capacity, demand and supply, market development rate, and others. Additionally, the report performs SWOT Analysis, speculation attainability investigation, and venture return investigation.
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