Global Itaconic Acid (IA) Industry

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Jun 02, 2016, 05:35 ET

LONDON, June 2, 2016 /PRNewswire/ -- This report analyzes the worldwide markets for Itaconic Acid (IA) in US$ Thousand and Metric Tons. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 30 companies including many key and niche players such as -

Alpha Chemika
Chengdu Jinkai Biology Engineering Co., Ltd.
Itaconix Corporation
Jinan Huaming Biochemistry Co., Ltd.
Nanjing Huajin Biologicals Co., Ltd.

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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1 Disclaimers.............. I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW.............. II-1 Itaconic Acid - Most Promising Organic and Biodegradable Monomer with Unique Chemical Properties II-1 Market Highlights.............. II-2 Market Outlook.............. II-2 Current & Future Analysis..............II-3 Itaconic Acid- A Potential Renewable Chemical II-3 Itaconic Acid Production from Bio-based Feedstock - A Major Breakthrough.............. II-4 Platform Chemicals: A key Segment in the Renewable Chemicals Industry.............. II-5 Growing Environmental Concerns Propel Demand for Itaconic Acids II-5 High Cost- A Major Impediment..............II-5 Advanced Technologies Provide Opportunities for Growth II-6 Plants to Reduce Reliance on Fossil Resources II-6 Public Sector to Play a Crucial Role in the Success of Renewable Chemicals..............II-7 Success Requires Innovation, Cost Competitiveness, and Global Expansion.............. II-7 Introduction of Stringent Environmental Guidelines Propel Use of Itaconic Acid.............. II-7

2. GROWTH DRIVERS.............. II-8 Itaconic Acid Market Driven by Expanding End-Use Applications II-8 Increasing Demand for SAP to Provide Significant Growth Potential for IA Market..............II-8 Table 1: Global Market for Super Absorbent Polymers (2015 and 2020): Consumption in Metric Tons by Geographic Region (includes corresponding Graph/Chart) II-9 Increasing Demand for Synthetic Rubber in Auto Industry Drives Demand for Itaconic Acid..............II-9 Table 2: Global Market for Synthetic Rubber (2015 and 2020): Consumption in Thousand Metric Tons by Geographic Region (includes corresponding Graph/Chart) II-11 Itaconic Acid to Grab Bigger Share of Automotive Plastics Market II-11 Table 3: Worldwide Automotive Plastics Consumption (2014): Percentage Share Breakdown by Types of Plastic - Polypropylene, Polyurethanes, ABS, Composites, HDPE, Polycarbonates and PMMA (includes corresponding Graph/Chart) II-11

Table 4: Worldwide Automotive Plastics Consumption (2014): Percentage Share Breakdown by Geographic Region - Asia-Pacific, Europe, North America and Rest of World (includes corresponding Graph/Chart) II-12 Bio-Based Thermoplastics - A Highly Potential Market for IA II-12 Surfactants Use Poly-IA as a Substitute for STPP to Minimize Toxic Levels.............. II-12 Table 5: Worldwide Market for Surfactants (2013): Percentage Breakdown of Value Sales by End-Use Application (includes corresponding Graph/Chart)..............II-13 Rising Demand for Adhesives and Use of Eco-Friendly Material Offers Growth Opportunities for IA II-14 IA Acts as Renewable Alternative in Expanding Paints and Coatings Industry..............II-14

3. RENEWABLE CHEMICALS MARKET..............II-16 Brief Introduction..............II-16 Advantages of Renewable Chemicals II-16 Chemical Industry Rapidly Adopting Green Technology II-16 Europe - Leading Force in Renewable Chemicals Market II-17 Emerging Markets - A Green Avenue for Renewable Chemicals II-17 Dependence on Crude Oil: Major Driving Force II-17 Expanding Application Scope..............II-17

4. IA EVOLUTION AND PRODUCTION METHODS II-18 Evolution of Itaconic Acid..............II-18 Further Development of Itaconic Acid Using Bio-Base Materials II-18 Biosynthesis of Itaconic Acid..............II-19 Fermentative Production of Itaconic Acid II-19 Submerged Fermentation..............II-19 Use of Microorganisms..............II-19 Aspergillus Terreus..............II-19 Other Microorganisms..............II-20 Substrates.............. II-21 Sugars or Starch..............II-21 Agriculture Wastes and Organic Acid II-21 Nutrients and Minerals..............II-21 Aeration/Dissolved Oxygen..............II-21 Fermentation Time/Temperature..............II-22 Immobilization.............. II-22 Solid State Fermentation..............II-22 Product Recovery.............. II-23

5. ITACONIC ACID PRODUCTION - RESEARCH FINDINGS II-24 Production of Itaconic Acid Using Aspergillus Terreus and Inexpensive Raw Materials..............II-24 Experiment for Affordable Production of Itaconic Acid II-24 Researchers Produce Itaconic Acid from Ustilago Maydis Using Agricultural Wastes..............II-25 Benefits of Using Ustilago Maydis II-25 Development Status of Novel Technique II-26 Researchers Investigate Influence of Biomass Pretreatment on Itaconic Acid Yield Using Ustilago Maydis II-26 Scientists Genetically Modified Aspergillus Niger to Produce Itaconic acid.............. II-26 Researchers Modify Aspergillus Terreus to Produce Itaconic Acid Using Liquefied Corn Starch II-27 Genetic Engineering Holds Potential to Improve Itaconic Acid Production.............. II-28 Biosynthesis Pathway..............II-28 Regulation of Itaconate Biosynthesis in Aspergillus Terreus II-29

6. PRODUCT OVERVIEW.............. II-30 Itaconic Acid.............. II-30 Chemical Attributes of Itaconic Acid II-30 Chemical Structure..............II-30 Physical and Chemical Properties of Itaconic Acid II-31 Industrial Production of Itaconic Acid II-31 Bio-Based Production of Itaconic Acid II-31 Value Chain of Biobased Itaconic Acid II-32 Advantages of Bio-Based Itaconic Acid Production II-32 Opportunities for Bio-Based Itaconic Acid II-33 Difference Between Bio-Based and Petrochemical-based Itaconic Acid.............. II-33 Bio-Based Itaconic Acid: Competitive Overview II-33 Global Producers of Itaconic Acid by Type - Bio-Based and Industrial/Synthetic..............II-33

7. FOCUS ON SELECT GLOBAL PLAYERS..............II-34 Alpha Chemika (India)..............II-34 Chengdu Jinkai Biology Engineering Co., Ltd. (China) II-34 Itaconix Corporation (US)..............II-34 Jinan Huaming Biochemistry Co., Ltd. (China) II-34 Nanjing Huajin Biologicals Co., Ltd. (China) II-35 Qingdao Langyatai Group Co., Ltd. (China) II-35 Qingdao Kehai Biochemistry Co., Ltd. (China) II-35 Ronas Chemicals Ind. Co., Ltd. (China) II-35 Shandong Kaison Biochemical Co., Ltd. (China) II-35 Shandong Zhongshun Science & Technology Development Co., Ltd. (China).............. II-36 Spectrum Chemical Mfg. Corp. (US) II-36 Zhejiang Guoguang Biochemistry Co., Ltd. (China) II-36

8. GLOBAL MARKET PERSPECTIVE..............II-37 Table 6: World Recent Past, Current & Future Analysis for Itaconic Acid by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart)..............II-37

Table 7: World Historic Review for Itaconic Acid by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) II-38

Table 8: World 14-Year Perspective for Itaconic Acid by Geographic Region - Percentage Breakdown of Dollar Revenues for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-39 Itaconic Acid Volume Consumption in Metric Tons II-40 Table 9: World Recent Past, Current & Future Analysis for Itaconic Acid by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart) II-40

Table 10: World Historic Review for Itaconic Acid by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart)..............II-41

Table 11: World 14-Year Perspective for Itaconic Acid by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) II-42

III. MARKET

1. THE UNITED STATES.............. III-1 A.Market Analysis.............. III-1 Outlook.............. III-1 Overview of Renewable Chemicals Market III-1 Key Players.............. III-1 B.Market Analytics..............III-2 Table 12: US Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-2

Table 13: US Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-3

Table 14: US Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-4

Table 15: US Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-4

2. CANADA.............. III-5 Market Analysis.............. III-5 Table 16: Canadian Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-5

Table 17: Canadian Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-6

Table 18: Canadian Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-7

Table 19: Canadian Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-7

3. JAPAN.............. III-8 A.Market Analysis.............. III-8 Outlook.............. III-8 Overview of Renewable Chemicals Market III-8 B.Market Analytics..............III-8 Table 20: Japanese Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-8

Table 21: Japanese Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-9

Table 22: Japanese Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-10

Table 23: Japanese Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-10

4. EUROPE.............. III-11 A.Market Analysis.............. III-11 Outlook.............. III-11 Overview of Renewable Chemicals Market III-11 B.Market Analytics..............III-12 Table 24: European Recent Past, Current & Future Analysis for Itaconic Acid by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-12

Table 25: European Historic Review for Itaconic Acid by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-13

Table 26: European 14-Year Perspective for Itaconic Acid by Geographic Region - Percentage Breakdown of Dollar Revenues for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart)..............III-14

Table 27: European Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-15

Table 28: European Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-16

4a. FRANCE.............. III-17 Market Analysis.............. III-17 Table 29: French Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-17

Table 30: French Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-18

4b. GERMANY.............. III-19 Market Analysis.............. III-19 Table 31: German Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-19

Table 32: German Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-20

4c. ITALY.............. III-21 Market Analysis.............. III-21 Table 33: Italian Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-21

Table 34: Italian Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-22

4d. THE UNITED KINGDOM..............III-23 Market Analysis.............. III-23 Table 35: UK Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-23

Table 36: UK Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-24

4e. SPAIN.............. III-25 Market Analysis.............. III-25 Table 37: Spanish Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-25

Table 38: Spanish Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-26

4f. RUSSIA.............. III-27 Market Analysis.............. III-27 Table 39: Russian Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-27

Table 40: Russian Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-28

4g. REST OF EUROPE.............. III-29 Market Analysis.............. III-29 Table 41: Rest of Europe Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-29

Table 42: Rest of Europe Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-30

5. ASIA-PACIFIC.............. III-31 A.Market Analysis.............. III-31 Outlook.............. III-31 Construction Industry in Asia Offers Significant Growth Opportunities.............. III-31 Table 43: Construction Spending (in US$ Billion) in Asia by Country: 2013 (includes corresponding Graph/Chart) III-32

Table 44: Global Construction Market by Region (2015E & 2020P): Percentage Breakdown of Construction Spending for Asia, Western Europe, North America, Latin America, Eastern Europe, Africa, and Middle East (includes corresponding Graph/Chart).............. III-33

Table 45: Projected Growth in the Asian Construction Market by Country and Sector over the Period 2014-2020 (includes corresponding Graph/Chart)..............III-34 Surging Passenger Cars Market Augurs Well for IA Demand in the Region.............. III-34 B.Market Analytics..............III-36 Table 46: Asia-Pacific Recent Past, Current & Future Analysis for Itaconic Acid by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-36

Table 47: Asia-Pacific Historic Review for Itaconic Acid by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart).............. III-37

Table 48: Asia-Pacific 14-Year Perspective for Itaconic Acid by Geographic Region - Percentage Breakdown of Dollar Revenues for China, India and Rest of Asia-Pacific Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart).............. III-38

Table 49: Asia-Pacific Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-39

Table 50: Asia-Pacific Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-40

5a. CHINA.............. III-41 A.Market Analysis.............. III-41 Outlook.............. III-41 China - A Formidable Market for Itaconic Acid III-41 Key Players.............. III-41 B.Market Analytics..............III-44 Table 51: Chinese Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-44

Table 52: Chinese Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-45

5b. INDIA.............. III-46 A.Market Analysis.............. III-46 Outlook.............. III-46 Indian Renewable Chemicals and Itaconic Acid Market III-46 Select Key Player.............. III-46 B.Market Analytics..............III-47 Table 53: Indian Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-47

Table 54: Indian Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-48

5c. REST OF ASIA-PACIFIC..............III-49 A.Market Analysis.............. III-49 Outlook.............. III-49 Overview of Renewable Chemicals Market in Australia III-49 B.Market Analytics..............III-50 Table 55: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-50

Table 56: Rest of Asia-Pacific Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-51

6. LATIN AMERICA.............. III-52 Market Analysis.............. III-52 Table 57: Latin American Recent Past, Current & Future Analysis for Itaconic Acid by Geographic Region - Brazil and Rest of Latin America Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart) III-52

Table 58: Latin American Historic Review for Itaconic Acid by Geographic Region - Brazil and Rest of Latin America Markets Independently Analyzed with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart).............. III-53

Table 59: Latin American 14-Year Perspective for Itaconic Acid by Geographic Region - Percentage Breakdown of Dollar Revenues for Brazil and Rest of Latin America Markets for Years 2007, 2015 & 2020 (includes corresponding Graph/Chart) III-54

Table 60: Latin American Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-55

Table 61: Latin American Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-55

7. REST OF WORLD.............. III-56 Market Analysis.............. III-56 Table 62: Rest of World Recent Past, Current & Future Analysis for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2014 through 2020 (includes corresponding Graph/Chart).............. III-56

Table 63: Rest of World Historic Review for Itaconic Acid with Annual Revenues in US$ Thousand for Years 2007 through 2013 (includes corresponding Graph/Chart) III-57

Table 64: Rest of World Recent Past, Current & Future Analysis for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2014 through 2020 (includes corresponding Graph/Chart)..............III-58

Table 65: Rest of World Historic Review for Itaconic Acid with Annual Consumption Figures in Metric Tons for Years 2007 through 2013 (includes corresponding Graph/Chart) III-58

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 30

The United States (4) Japan (2) Europe (1) - The United Kingdom (1) Asia-Pacific (Excluding Japan) (23)
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