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.
In 2019, the market size of Itaconic Acid (IA) is 83 million US$ and it will reach 120 million US$ in 2025, growing at a CAGR of 4.3% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 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).
This report studies the global market size of Itaconic Acid (IA), especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Itaconic Acid (IA) production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Kehai Biochemistry
Guoguang Biochemistry
Huaming Biochemistry
Alpha Chemika
Zhongshun Science & Technology
...
Market Segment by Product Type
Synthesis
Fermentation
Market Segment by Application
Plasticizer
Lubricating Oil Additive
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Itaconic Acid (IA) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Itaconic Acid (IA) manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Itaconic Acid (IA) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Itaconic Acid (IA). Industry analysis & Market Report on Itaconic Acid (IA) is a syndicated market report, published as Global (United States, European Union and China) Itaconic Acid (IA) Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Itaconic Acid (IA) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.