Itaconic Acid (IA)

The latest report pertaining to 'Itaconic Acid (IA) Market' provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
 
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
 
 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
 
Itaconic Acid (IA) market report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, value, production, capacity, capability utilization, supply, and demand. Besides, market growth rate, size, and forecasts at the global level have been provided. The geographic areas covered in this report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
This research study involved the extensive usage of both primary and secondary data sources.  The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. Top-down and bottom-up approaches are used to validate the global market size market and estimate the market size for manufacturers, regions segments, product segments and applications (end users). All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from BrandEssenceResearch and presented in this report. 
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

 
 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
 

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