Global Itaconic Acid Market Size to Reach USD 163.0 Million in 2032 | Emergen Research

Vancouver, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The global itaconic acid market size was USD 101.5 Million in 2022 and is expected to register a steady revenue CAGR of 6.1% during the forecast period, according to the latest analysis by Emergen Research. Rising usage of bio-based unsaturated polyester resin is a key factor driving market revenue growth. Itaconic acid is a colorless crystalline carboxylic acid, which generally develops naturally and are biodegradable and non-toxic in nature. These are utilized in applications including cheland dispersant agent, synthetic latex, unbalanced polyester resin, detergent builder, methyl methacrylate and Styrene Butadiene Rubber (SBR) latex. In addition, increasing use of itaconic acid to package food in the food industry, helping to maintain the final product's quality, is another key factor driving revenue growth of the market. Moreover, rising consumer awareness about pollution and environmental degradation as well as various government initiatives to protect the integrity and safety of environment, such as clean development mechanism, is also expected to drive market revenue growth during the forecast period.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2308

However,  high cost of raw materials such as such as synthetic latex, superabsorbent polymers, and detergents, is a key factor, which could restrain market revenue growth. In addition, high production prices is another factor, which could restrain market revenue growth. Usage of itaconic acid has been restricted in various end-use industries due to available alternatives

Scope of Research

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2308

Major Companies and Competitive Landscape

The global itaconic acid market is fairly consolidated with few small and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the global itaconic acid market report are:

• Itaconix Corporation
• Jinan Huaming Biochemistry Co., Ltd.
• Aekyung Petrochemical Co., Ltd.
• Alpha Chemika
• Citrus Food Additives Co., Ltd.
• Iwata Chemical Co., Ltd.
• Qingdao Langyatai Group Co., Ltd.
• Ronas Chemicals Ind. Co., Ltd.
• Shandong Kaison Biochemical Co., Ltd.
• Zhejiang Guoguang Biochemistry Co., Ltd.

Strategic Development

• On 7 July, 2021, Beijing University of Chemical Technology in China introduced a bio-based itaconate-butadiene polymer. The functionalized bio-based itaconate butadiene rubber that was produced is claimed to have comparable, if not superior, overall characteristics to conventional rubbers. For every ton of rubber produced, the manufacture of bio-based itaconate butadiene is predicted to cut carbon emissions by 1.44 tons.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2308

SomeKey Highlights From the Report

• The Styrene Butadiene Itaconic Acid (SBIA) segment is expected to account for largest revenue share in the global itaconic acid market during the forecast period. This is due to increasing use of SBIA in the production of adhesives and sealants due to their excellent adhesive properties. SBIA adheres to many substrates with ease, which enhances bond strength and endurance. The advantage of SBIA over traditional Styrene-Butadiene Rubber (SBR) is that these are better at resisting moisture. In applications where exposure to moisture or water is a problem, such as roofing materials and building materials, this property is particularly beneficial.
• The Superabsorbent Polymers (SAPs) segment is expected to register steadily fast revenue growth rate in the global itaconic acid market over the forecast period. This is because SAPs that contain itaconic acid are frequently found in feminine hygiene products, adult incontinence products, and diapers. Improved moisture absorption benefits these products, lowering the risk of leaks and ensuring user comfort. In addition, itaconic acid's ability to increase the ionic strength of SAPs improves their ability to absorb, especially in salty or high-salt environments, making these versatile for a range of applications.
• The Asia Pacific market is expected to account for largest revenue share in the global itaconic acid market during the forecast period. This is due to rising prevalence of bio-based unsaturated polyester resin and increasing awareness about advantages of itaconic acid. Furthermore, rising demand for sustainable products is also expected to drive market revenue growth during the forecast period.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/itaconic-acid-market

Emergen Research has segmented the global itaconic acid market on the basis of derivative, application, and region:

• Derivative Outlook (Revenue, USD Million; 2019–2032)
  • Methyl Methacrylate
  • Styrene Butadiene Itaconic Acid
  • Polyitaconic Acid
  • Others
• Application Outlook (Revenue, USD Million; 2019–2032)
  • Chillant Dispersant Agent
  • Styrene Butadiene Rubber (SBR) Latex
  • Superabsorbent Polymers
  • Synthetic Latex
  • Others
•    Regional Outlook (Revenue, USD Million; 2019–2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa

Curated Reports You Shouldn't Miss: Dive In Now!

Nanofilms Market By Processing Type (Dry, Wet), By Application (Microelectronics, Consumer Electronics, Biomedical Sector, Solar Energy & Storage System, Optical Industry), By Component (0.01 micron and Less, 0.1 micron and Less, 0.2 micron to 1 micron) and Regions Forecasts to 2027

Agricultural Films Market By Type (High-density Polyethylene, Linear Low-density Polyethylene, Ethylene-vinyl Acetate, Low-density Polyethylene, Reclaim), By Application (Geomembrane film, Silage film, Mulch film, Greenhouse covering), Forecasts to 2027

Polyolefin Market By Technology (Polyethylene, Polypropylene, Ethylene Vinyl Acetate, and Others), By Application (Film and sheet, Injection molding, Blow molding, and Others), and By Region Forecast To 2030

Bioplastics Market, By Type (Biodegradable, Non-Biodegradable), By Distribution Channel (Online, Offline), By Application (Packaging, Textile, Automotive & Transportation, Consumer Goods, Agriculture, Building & Construction, Others), and By Region Forecast to 2030

Super Absorbent Polymers Market By Type (Polyacrylamide Copolymer/Polyacrylate, Sodium Polyacrylate, Polysaccharides), By Application (Agriculture, Personal Hygiene, Industrial, Medical), Forecasts to 2027

Thin Wall Packaging Market By Product Type (Cups, Trays, Tubs, Jars, Pots & Lids), By Production Process (Injection molding & Thermoforming), By Material (High-density & Low-density Polyethylene, Polypropylene (PP)), By Application, and By Region Forecast to 2027

3D Printing Metal Market By Form, By Metal Type, By Technology, By Industry Vertical, Forecasts to 2027

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Itaconic Acid Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-itaconic-acid-market