Itaconic Acid Market Trends, Growth Analysis and Forecasts 2014 to 2021
DecisionDatabases.com adds a new report on Itaconic Acid Market. The report “Itaconic Acid:Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2021” analyses the complete market, industry’s growth trends, forecasts and market share.
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.
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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.
Best Region Of Markets :
This report is segmented by geography as Europe, Asia Pacific, North America, Latin America and Middle East and Africa. Major companies in the global itaconic acid are Zhejiang Guoguang Biochemistry Co., Ltd., Shandong Kaison Biochemical Co., Ltd., Qingdao Langyatai (Group) Co., Ltd., Itaconix Corporation, Chengdu Jinkai Biology Engineering Co., Ltd and Jinan Huaming Biological Technology Co., Ltd.
SEGMENTATIONS IN REPORT :
Itaconic Acid By Application :
1. Synthetic Latex
2. Unsaturated Polyester Resins
4. Superabsorbent Polymers (SAP)
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