Itaconic Acid Market - Industry Trends &
Forecast
Market Overview:
The itaconic acid market is expected to witness market growth at a rate of 4.20% in the
forecast period of 2021 to 2028 and is further estimated to reach USD 176.55 million by
2028. Data Bridge Market Research report on itaconic acid market provides analysis and
insights regarding the various factors expected to be prevalent throughout the forecast
period while providing their impacts on the market’s growth. The rise in the usage in
agricultural applications and advancement in the bio- based PMMA is escalating the growth
of itaconic acid market.
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Market Segmentation:
Global Itaconic Acid Market,
By Derivative (Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic
Acid, Others),
By Application (SBR Latex, Synthetic Latex, Chillant Dispersant Agent,
Superabsorbent Polymer, Unsaturated Polyester Resins, Methyl Methacrylate,
Detergent Builder, Others),
By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America,
Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands,
Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore,
Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia,
Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and
Forecast to 2028.
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Major Key Players
Some of the major players operating in this market are :
Itaconix Corporation, Qingdao Kehai Biochemistry Co., LTD., Zhejiang Guoguang
Biochemistry Co., Ltd., Alpha Chemika, AEKYUNG PETROCHEMICAL Co., Ltd,
Ronas Chemicals Ind. Co., Ltd., Ultimate Chem India Pvt. Ltd, Choice
Organochem Llp., FUSO CHEMICAL CO., LTD., Alfa Aesar, Thermo Fisher
Scientific., Merck KGaA, Henan Haofei Chemical Co., Ltd., Haihang Industry Co.,
Ltd, Hefei TNJ Chemical Industry Co.,Ltd., Spectrum Chemical Manufacturing
Corp, FUJIFILM Wako Pure Chemical Corporation among other domestic and
global players.
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Market Drivers:
Major factors that are expected to boost the growth of the itaconic acid market in the
forecast period are the rise in the incidence for bio-based unsaturated polyester resin and the
growing alertness regarding the advantageous of itaconic acid. Furthermore, the rising trend
of sustainable products is further anticipated to propel the growth of the itaconic acid
market. Moreover, the environment-friendly and non-toxic qualities is further estimated to
cushion the growth of the itaconic acid market. On the other hand, obtainability of low-cost
alternatives is further projected to impede the growth of the itaconic acid market in the
timeline period.
In addition, the growing in the research and development investment to produce more
innovative product will further provide potential opportunities for the growth of the itaconic
acid market in the coming years. However, the advancing of low-cost production technologies
might further challenge the growth of the itaconic acid market in the near future.
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Regional Analysis
Based on geography, the market is segmented into Four geographical
regions

North America

Europe

Asia-Pacific

Middle East & Africa
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About Data Bridge Market
Research
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