Global Itaconic Acid (IA) Market to Grow from 83 Million US$ in 2018 to 120 Million US$ by 2025

“Global Itaconic Acid (IA) Market Insights, Forecast to 2025”
Global Itaconic Acid (IA) Market report analyse the market share, market status, growth rate, current trends, forecasts, market drivers, opportunities & challenges, risk & entry barriers, sales channels & distributors and Porter’s Five Force Analysis.

Itaconic Acid is a naturally occurring unsaturated 5-C dicarboxylic acid which is also known as methylenesuccinic acid or methylenebutanedioic acid . Itaconic acid was first described by Baup in 1836 when he discovered it as a product of citric acid distillation. Itaconic acid has the stoichiometric formula C5H6O4 and a molar weight of 130.1 g/mol. It exists as white to light beige crystals with a density of 1.573 g/mL at 25°C, a melting point of 165-168°C and a flash point of 268°C. It dissolves in water up to 80.1 g/L at 20°C which makes it quite easy to purify by crystallization. In a recent study IA was also found to dissolve well in several alcohols including methanol, 2-propanol and ethanol with the solubility increasing with temperature. Itaconic acid is also readily biodegradable in nature.

Itaconic acid is an important raw material in the chemicals industry, but it still occupies a niche market. The today’s use of itaconic acid is in the production of lubricant additives, surface active agents, dye intermediates, plastics, synthetic rubber and resins and chemical fibers. China is at present the largest supply market for Itaconic Acid, accounting for an estimated 76.15 percent share of global production in 2017. The country holds the supply and demand of itaconic acid from the viewpoint of production, manufacture, and worldwide competitiveness.

Global Itaconic Acid (IA) market size will increase to 120 Million US$ by 2025, from 83 Million US$ in 2018, at a CAGR of 4.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Itaconic Acid (IA).

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The objectives of this report are to focus on the key Itaconic Acid (IA) companies and study the capacity, production, value, market share and development plans for next few years. This report also analyses global and regions market potential, advantage, opportunities, challenge, restraints and risks. It helps to identify current trends and factors driving or inhibiting the market growth and to find high growth opportunities in the market for stakeholders. Later this report also talks about the competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Various companies like Kehai Biochemistry, Guoguang Biochemistry, Huaming Biochemistry, Alpha Chemika, Zhongshun Science & Technology, and more are profiled in this report in the terms of capacity, production, value, price, market share, etc. Market has been segmented on the basis of product types and provides the information related to growth rate for each product type, revenue, price, production, revenue forecasts, etc. It has been also segmented by applications which includes growth rate for each application, regional consumption analysis, consumption forecasts, etc.

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Itaconic Acid (IA) Production Breakdown Data by Region

• United States

• Europe

• China

• Japan

• Other Regions

Itaconic Acid (IA) Consumption Breakdown Data by Region

• North America (United States, Canada, Mexico)

• Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)

• Europe (Germany, France, UK, Italy, Russia, Rest of Europe)

• Central & South America (Brazil, Rest of South America)

• Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa)

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