The report evaluates the Itaconic Acid Market share command by the key Players of the business and offers a full assessment of the competitive landscape. This market is split into completely totally different sections with the profound analysis of each phase with relevancy the geography for the study quantity. Supported the historical data, the report estimates future prospects and provides the market trends, size, growth, and estimation for the amount 2018-2025.
Itaconic acid is a white colorless compound in crystalline form which occurs naturally. Beneficial aspects of this acid are it is organic in nature, easily biodegradable and a non-toxic chemical compound. Itaconic acid is used in adhesives, detergents, agricultural herbicides, paints and coatings, emulsifiers, pharmaceuticals and others.
Applications bifurcate global itaconic acid market into detergents, superabsorbent polymers (SAP), synthetic latex, unsaturated polyester resins and others (including lubricant oil, adhesives, paints and coatings, pharmaceuticals, herbicides, emulsifiers, printing chemicals and acrylic fiber). Itaconic acid is the basic element used in the preparation of superabsorbent polymers and unsaturated polyester resins.
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Detergents and synthetic latex are major application segments which augment the growth of this market. Itaconic acid is an organic compound and easily degradable and does not pose threat to ecological balance. This is the most significant factor to fuel market growth of this chemical compound. Itaconic acid is used in agricultural applications and herbicides and growth of agricultural activities in developing economies in turn drive the growth of this market. Other industrial applications like paints and coatings and lubricating oils are further expected to surge the growth of this market. High cost of itaconic acid is a major restraint of this market.
Major player assessed in the report are:
– Zhejiang Guoguang Biochemistry Co. Ltd.
– Shandong Kaison Biochemical Co. Ltd.
– Qingdao Langyatai (Group) Co. Ltd.
– Itaconix Corporation
– Chengdu Jinkai Biology Engineering Co. Ltd.
– Jinan Huaming Biological Technology Co. Ltd
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Itaconic Acid Market Analysis By Applications
5.Itaconic Acid Market Analysis By Region
6.Competitive Landscape Of Itaconic Acid Companies
7.Company Profiles Of Itaconic Acid Industry
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