Itaconic Acid Market size potential exceeds $290 million by

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Oct 11, 2016 at 5:45 AM

Itaconic Acid Market size potential exceeds $290 million by 2024: Global Market Insights, Inc

Ocean View, Delaware, Oct. 11, 2016 (GLOBE NEWSWIRE) --

Itaconic Acid Market size potential exceeds USD 290 million by 2024; according to a new research report by Global Market Insights, Inc.

Rising demand for bio-based chemical intermediates for sustainable products will drive itaconic acid market growth, which offers an ideal platform. Chemicals, that can be possibly replaced by this platform include acetone cyanohydrin (MMA production), acrylic acid (superabsorbent polymers), maleic anhydride (UPR) and sodium tripolyphosphate (phosphate less detergent builder). However, addressable market potential depends on the availability as well as itaconic acid market price trend.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/782

MMA will be a key potential application for this platform. Manufacturers are focusing on producing bio-MMA due to rising preference for sustainable products. Lucite International, a Mitsubishi Rayon subsidiary is working on the Bio-MMA production from itaconic acid. MMA application is projected to be valued over 80 million by 2024.

Synthetic latex catered to more than 50% of the total 2015 demand. Rising demand for paints & coatings, carpets, textiles, and adhesive & sealants owing to construction industry expansion are driving synthetic latex demand. Itaconic acid is primarily used for polymer stabilization to enhance quality.

High production cost along with presence of low-priced substitutes such as acetone cyanohydrins may impact itaconic acid market size in terms pf penetration. Manufacturers are consistently investing in R&D to add and develop new production processes in order to reduce production cost, and enhance chemical performance.

Innovations to improve substrate conversion yield by increasing biosynthesis pathway efficiency may result in lower production cost. E. coli and Aspergillus niger’s genetic modification are likely to contribute in making the chemical more economical.

Browse key industry insights spread across 150 pages with 110 market data tables & 10 figures& charts from the report , “Itaconic Acid Market Size By Application (Synthetic Latex, Superabsorbent Polymers, Chelant Dispersant Agents, Unsaturated Polyester Resins, Methyl Methacrylate, Detergent Builders), Downstream Derivatives (Polyitaconic Acid, Unsaturated Esters, 2-methyl-1,4-BDO, 3-methyl-THF), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Austria, Sweden, Russia, China, India, Japan, Australia, Thailand, South Korea, Brazil, Argentina, South Africa, UAE, Saudi Arabia), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents :

https://www.gminsights.com/industry-analysis/...cid-market

Key insights from the report include:

China itaconic acid market size may exceed USD 20 million by 2024. The production is mainly concentrated in China due to presence of abundant natural resources and advanced fermentation technology.
Superabsorbent polymers (SAP) market was over USD 5 million for 2015. SAP applications are not only limited to diaper and hygiene products, but also in medical, construction, and agriculture applications owing to its high water retaining and absorbing properties. Itaconic acid is used as a cross-linking agent in SAP owing to its efficient polymerization properties.
UK itaconic acid market size was over USD 2 million for 2015. EU compliances to discourage petrochemical’s production along with rising consumer health consciousness will stimulate regional growth.
Sodium tripolyphosphate (STPP), most widely used detergent builder is already sidelined in North America and Europe laundry detergent markets owing to rising eutrophication risk which may positively influence detergent builders’ application segment. Detergent builders’ application is projected to surpass USD 20 million valuation by 2024.
Global itaconic acid market share is fairly fragmented with a number of manufacturers mainly concentrated in Asia Pacific. In terms of production output, Zhejiang Guoguang, Jinan Huaming Biochemistry, and Qingdao Kehai Biochemistry are major industry players.
Other major industry participants which are focusing on addressable applications include Lucite, Itaconix, and DSM.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/782

Global Market Insights has segmented the itaconic acid industry on the basis of application and region:

Itaconic Acid Application Analysis (Volume, Tons; Revenue, USD Million, 2013 - 2024)

Synthetic latex
Superabsorbent polymers
Chelant dispersant agents
Unsaturated polyester resins
Methyl methacrylate
Detergent builders
Others

Itaconic Acid Downstream Derivatives Market Potential

Polyitaconic Acid
Unsaturated Esters
2-methyl-1,4-BDO
3-methyl-THF

Itaconic Acid Regional Analysis (Volume, Tons; Revenue, USD Million, 2013 - 2024)
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - UK
  - France
  - Italy
  - Spain
  - Austria
  - Sweden
  - Russia
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Thailand
  - Australia
- Latin America
  - Brazil
  - Argentina
- MEA
  - South Africa
  - UAE
  - Saudi Arabia

Browse Related Reports:

Bio Vanillin Market Size By Application (Food & Beverage [Ice Cream, Chocolate, Confectionaries & Baked Goods], Fragrances, Pharmaceuticals), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, India, Japan, Australia, South Korea, South Africa, GCC, Brazil), Production Routes, Downstream Application Potential (Methoxyhydroquinone, Vanillic Acid, Vanillyl Alcohol), Price Trend, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/...lin-market

Biodegradable Superabsorbent Materials Market Size By Product (Polyvinyl Alcohol (PVA), Polysaccharides, Polyitaconic aid, Polypeptide), By Application (Disposable diapers, Adult Incontinence, Feminine hygiene, Agriculture, Medical), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, China, India), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us: Jack Davis Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1 888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com

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