Itaconic acid market will experience an outstanding outcome
attributed to the hike in demand from the SBR latex industry in the upcoming
years, as per the estimations made by IndustryARC’s new intelligence report. According to
this study, the global itaconic market had crossed the market value of $90
million in the year 2018 and opportunities are foreseen to grow at a CAGR of 4% during the forecast
period of 2019-2025.
The report is titled “Itaconic Acid
Market - Industry Analysis, Market Size, Share, Trends, Application Analysis,
Growth and Forecast 2019-2024.” This report proffers latest trends and scopes
of the global itaconic market to be utilized by market players.
Global
Itaconic Acid Market: Demand Analysis
Itaconic acid, also known as methylidenesuccinic
acid, is inclining towards substantial revenue attributing to the large scale application
in various businesses to manufacture products such as acrylonitrile butadiene
styrene, acrylate latexes, bio-based unsaturated polyester resin, and several others.
This organic compound has extended its pathway into the market as a
cost-effective biomass reducing the use of petrochemicals as well costly coating
color additives.
Global
Itaconic Acid Market: Leading Segments
APAC has the largest contributing share
in the global itaconic acid market. This region is the center for paper and
pulp and textile industries with the highest population count in the world. The
purchasing power of the population majorly fuels the high demand for SBR latex
in this region. As per the evaluation, APAC had a regional share of 35% in the
year 2018.
SBR latex is widely used in paper
products such as cardboard, magazines, magazines, sandpaper, carpets,
non-woven fabrics, and many more. The application of itaconic acid in SBR latex
will grow at a CAGR of 4.80% through to 2025 with a strong economic growth in
APAC region.
Global Itaconic Acid Market: Disruptive Trends
Ø
Sustainable
Petrochemical Substitute
Itaconic acid plays a major role in manufacturing of various polymers and is a dynamic change for petrochemical usage. Biomass generated products are trending in the market owing to their efficiency and low pollution rate as compared to the non-renewable energy products. Itaconic acid is experiencing a hike in demand by the industries in the pursuit of biotechnological enhancement.
Ø
Renewable
Polyester Production
Itaconic acid is obtained from natural components available in the vicinity. The diverse list of these organic sources includes the distillation of citric acid, from microorganisms (Aspergillus Terreus), fermenting sugar or starch, and so on. Polyester manufactured from itaconic acid, made from these organic compounds, retains several features such as strength, adhesion, water and aqueous absorption. Resultantly, this scales up the demand of the global itaconic acid market.
Ø
Dominating SBR
latex Usage
SBR latex industry is constantly influencing the global itaconic market growth. Notable for versatile characteristics, SBR latex is applied to many industrial sectors such as paper and pulp, paint, fiber processing, furniture, and glass fabrication industry. Itaconic acid market is the leading supplier to these sectors inducing a significant economic growth
Ø
Application as
Superabsorbent Polymers
Itaconic acid market is breaking
barriers with multipurpose benefits to its end-users. One of the prominent
derivative compounds of itaconic acid is superabsorbent polymers. As the name
suggests, this polymer is widely used for absorbing large quantity of fluids
and finds place in manufacturing of various products as diapers, surgical pads,
gel actuators, female napkins, and many others.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=500191
Related Reports:
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Acid Market
https://www.industryarc.com/Report/16033/dodecanedioic-acid-market.html
Citric
Acid Market
https://www.industryarc.com/Report/7368/Citric-Acid-Market-Research-Report.html
Acetic
Acid Market
https://www.industryarc.com/Report/15057/acetic-acid-market.html
Phosphoric
Acid Market
https://www.industryarc.com/Report/16087/phosphoric-acid-market.html
What
can you expect from the report?
The Itaconic
Acid Market is prepared with the main agenda to cover the following 20
points:
1. Market Size by Product Categories
& Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market
Shares Analysis
5. Pricing Analysis 15. Value Chain
Analysis
6. Top 10 End user Analysis 16. Supply
Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current
& Future Market Landscape Analysis
9. Mergers & Acquisition Analysis
19. Opportunity Analysis
10. Patent Analysis 20. Revenue and
Volume Analysis
Frequently Asked Questions:
Q.
Does IndustryARC provide customized reports and charge additionally for limited
customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product
analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
Any other custom requirements can be
discussed with our team, drop an e-mail to [email protected] to discuss
more about our consulting services.
To request for a quote, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=500191
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IndustryARC:
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