Global Itaconic Acid (IA) Industry

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Apr 22, 2020, 18:40 ET

NEW YORK, April 22, 2020 /PRNewswire/ -- Itaconic Acid (IA) market worldwide is projected to grow by US$35 Million, driven by a compounded growth of 4.3%. Itaconic Acid (IA), one of the segments analyzed and sized in this study, displays the potential to grow at over 4.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$136.2 Million by the year 2025, Itaconic Acid (IA) will bring in healthy gains adding significant momentum to global growth.

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- Representing the developed world, the United States will maintain a 3.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.2 Million to the region's size and clout in the next 5 to 6 years. Over US$1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Itaconic Acid (IA) will reach a market size of US$8.2 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.8% over the next couple of years and add approximately US$10 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

Alpha Chemika
Chengdu Jinkai Biology Engineering Co. Ltd.
Itaconix Plc
Qingdao Langyatai Group Co. Ltd.
Qingdao Kehai Biochemistry Co. Ltd.
Ronas Chemicals Ind. Co. Ltd.
Shandong Kaison Biochemical Co. Ltd.
Shandong Zhongshun Science & Technology Development Co. Ltd.
Spectrum Chemical Mfg. Corp.

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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Itaconic Acid: Most Promising Organic & Biodegradable Monomer
with Unique Chemical Properties
Industry Snapshots
Recent Market Activity
Healthy Growth Projected over the Next Few Years for IA Market
Developing Regions Accelerate Market Growth
Asia-Pacific Evolves as Core Regional Market
Developed Regions Continue to Extend Opportunities
Favorable Macro Factors Lend Traction to IA Demand
Global Competitor Market Shares
Itaconic Acid (IA) Competitor Market Share Scenario Worldwide
(in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

Alpha Chemika (India)
Chengdu Jinkai Biology Engineering Co., Ltd. (China)
Itaconix Plc (UK)
Qingdao Langyatai Group Co., Ltd. (China)
Qingdao Kehai Biochemistry Co., Ltd. (China)
Ronas Chemicals Ind. Co., Ltd. (China)
Shandong Kaison Biochemical Co., Ltd. (China)
Shandong Zhongshun Science & Technology Development Co., Ltd.
(China)
Spectrum Chemical Mfg. Corp. (USA)

3. MARKET TRENDS & DRIVERS

Growing Image as a Potential Renewable Chemical Underpins
Itaconic Acid Sales
Itaconic Acid Production from Bio-based Feedstock - A Major
Breakthrough
Evolving Role as a Platform Chemical Augurs Well
Itaconic Acid Market Driven by Expanding End-Use Applications
Methyl Methacrylate (MMA): A Growing Market for IA
Increasing Demand for SAP to Provide Significant Growth Potential
Increasing Demand for Synthetic Rubber in Auto Industry Drives
Demand
Itaconic Acid to Widen Share in Automotive Plastics Production
Bio-Based Thermoplastics - A Highly Potential End-Use Vertical
Surfactants Use Poly-IA as a Substitute for STPP to Minimize
Toxic Levels
Rising Demand for Adhesives made with Eco-Friendly Materials
Offers Opportunities
IA Seeks to Leverage Paints & Coatings Industry?s Thrust
towards Renewable Alternatives
Growing Environmental Concerns with Petrol-Derived Chemicals
Rev Up Demand
Stringent Guidelines Focused on Sustainable Environment Favor
Market Prospects
Focus on Development of Advanced Production Technologies Favors
Future Growth
Select R&D Announcements Made in the Recent Past
High Cost: A Major Impediment

4. GLOBAL MARKET PERSPECTIVE

Table 1: Itaconic Acid (IA) Global Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 2: Itaconic Acid (IA) Global Retrospective Market
Scenario in US$ Thousand by Region/Country: 2009-2017
Table 3: Itaconic Acid (IA) Market Share Shift across Key
Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
Table 4: United States Itaconic Acid (IA) Market Estimates and
Projections in US$ Thousand: 2018 to 2025
Table 5: Itaconic Acid (IA) Market in the United States:
A Historic Review in US$ Thousand for 2009-2017
CANADA
Table 6: Canadian Itaconic Acid (IA) Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
Table 7: Canadian Itaconic Acid (IA) Historic Market Review in
US$ Thousand: 2009-2017
JAPAN
Table 8: Japanese Market for Itaconic Acid (IA): Annual Sales
Estimates and Projections in US$ Thousand for the Period
2018-2025
Table 9: Itaconic Acid (IA) Market in Japan: Historic Sales
Analysis in US$ Thousand for the Period 2009-2017
CHINA
Table 10: Chinese Itaconic Acid (IA) Market Growth Prospects in
US$ Thousand for the Period 2018-2025
Table 11: Itaconic Acid (IA) Historic Market Analysis in China
in US$ Thousand: 2009-2017
EUROPE
Market Facts & Figures
Market Analytics
Table 12: European Itaconic Acid (IA) Market Demand Scenario in
US$ Thousand by Region/Country: 2018-2025
Table 13: Itaconic Acid (IA) Market in Europe: A Historic
Market Perspective in US$ Thousand by Region/Country for the
Period 2009-2017
Table 14: European Itaconic Acid (IA) Market Share Shift by
Region/Country: 2009 VS 2019 VS 2025
FRANCE
Table 15: Itaconic Acid (IA) Market in France: Estimates and
Projections in US$ Thousand for the Period 2018-2025
Table 16: French Itaconic Acid (IA) Historic Market Scenario in
US$ Thousand: 2009-2017
GERMANY
Table 17: Itaconic Acid (IA) Market in Germany: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
Table 18: German Itaconic Acid (IA) Historic Market Analysis in
US$ Thousand: 2009-2017
ITALY
Table 19: Italian Itaconic Acid (IA) Market Growth Prospects in
US$ Thousand for the Period 2018-2025
Table 20: Itaconic Acid (IA) Historic Market Analysis in Italy
in US$ Thousand: 2009-2017
UNITED KINGDOM
Table 21: United Kingdom Market for Itaconic Acid (IA): Annual
Sales Estimates and Projections in US$ Thousand for the Period
2018-2025
Table 22: Itaconic Acid (IA) Market in the United Kingdom:
Historic Sales Analysis in US$ Thousand for the Period
2009-2017
SPAIN
Table 23: Spanish Itaconic Acid (IA) Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
Table 24: Spanish Itaconic Acid (IA) Historic Market Review in
US$ Thousand: 2009-2017
RUSSIA
Table 25: Russian Itaconic Acid (IA) Market Estimates and
Projections in US$ Thousand: 2018 to 2025
Table 26: Itaconic Acid (IA) Market in Russia: A Historic
Review in US$ Thousand for 2009-2017
REST OF EUROPE
Table 27: Rest of Europe Itaconic Acid (IA) Market Estimates
and Forecasts in US$ Thousand: 2018-2025
Table 28: Itaconic Acid (IA) Market in Rest of Europe in US$
Thousand: A Historic Review for the Period 2009-2017
ASIA-PACIFIC
Table 29: Asia-Pacific Itaconic Acid (IA) Market Estimates and
Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 30: Itaconic Acid (IA) Market in Asia-Pacific: Historic
Market Analysis in US$ Thousand by Region/Country for the
Period 2009-2017
Table 31: Asia-Pacific Itaconic Acid (IA) Market Share Analysis
by Region/Country: 2009 VS 2019 VS 2025
AUSTRALIA
Table 32: Itaconic Acid (IA) Market in Australia: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
Table 33: Australian Itaconic Acid (IA) Historic Market
Analysis in US$ Thousand: 2009-2017
INDIA
Table 34: Indian Itaconic Acid (IA) Market Estimates and
Forecasts in US$ Thousand: 2018 to 2025
Table 35: Indian Itaconic Acid (IA) Historic Market Review in
US$ Thousand: 2009-2017
SOUTH KOREA
Table 36: Itaconic Acid (IA) Market in South Korea: Recent
Past, Current and Future Analysis in US$ Thousand for the
Period 2018-2025
Table 37: South Korean Itaconic Acid (IA) Historic Market
Analysis in US$ Thousand: 2009-2017
REST OF ASIA-PACIFIC
Table 38: Rest of Asia-Pacific Market for Itaconic Acid (IA):
Annual Sales Estimates and Projections in US$ Thousand for the
Period 2018-2025
Table 39: Itaconic Acid (IA) Market in Rest of Asia-Pacific:
Historic Sales Analysis in US$ Thousand for the Period
2009-2017
LATIN AMERICA
Table 40: Latin American Itaconic Acid (IA) Market Trends by
Region/Country in US$ Thousand: 2018-2025
Table 41: Itaconic Acid (IA) Market in Latin America in US$
Thousand by Region/Country: A Historic Perspective for the
Period 2009-2017
Table 42: Latin American Itaconic Acid (IA) Market Percentage
Breakdown of Sales by Region/Country: 2009, 2019, and 2025
ARGENTINA
Table 43: Argentinean Itaconic Acid (IA) Market Estimates and
Forecasts in US$ Thousand: 2018-2025
Table 44: Itaconic Acid (IA) Market in Argentina in US$
Thousand: A Historic Review for the Period 2009-2017
BRAZIL
Table 45: Itaconic Acid (IA) Market in Brazil: Estimates and
Projections in US$ Thousand for the Period 2018-2025
Table 46: Brazilian Itaconic Acid (IA) Historic Market Scenario
in US$ Thousand: 2009-2017
MEXICO
Table 47: Itaconic Acid (IA) Market in Mexico: Recent Past,
Current and Future Analysis in US$ Thousand for the Period
2018-2025
Table 48: Mexican Itaconic Acid (IA) Historic Market Analysis
in US$ Thousand: 2009-2017
REST OF LATIN AMERICA
Table 49: Rest of Latin America Itaconic Acid (IA) Market
Estimates and Projections in US$ Thousand: 2018 to 2025
Table 50: Itaconic Acid (IA) Market in Rest of Latin America:
A Historic Review in US$ Thousand for 2009-2017
MIDDLE EAST
Table 51: The Middle East Itaconic Acid (IA) Market Estimates
and Forecasts in US$ Thousand by Region/Country: 2018-2025
Table 52: Itaconic Acid (IA) Market in the Middle East by
Region/Country in US$ Thousand: 2009-2017
Table 53: The Middle East Itaconic Acid (IA) Market Share
Breakdown by Region/Country: 2009, 2019, and 2025
IRAN
Table 54: Iranian Market for Itaconic Acid (IA): Annual Sales
Estimates and Projections in US$ Thousand for the Period
2018-2025
Table 55: Itaconic Acid (IA) Market in Iran: Historic Sales
Analysis in US$ Thousand for the Period 2009-2017
ISRAEL
Table 56: Israeli Itaconic Acid (IA) Market Estimates and
Forecasts in US$ Thousand: 2018-2025
Table 57: Itaconic Acid (IA) Market in Israel in US$ Thousand:
A Historic Review for the Period 2009-2017
SAUDI ARABIA
Table 58: Saudi Arabian Itaconic Acid (IA) Market Growth
Prospects in US$ Thousand for the Period 2018-2025
Table 59: Itaconic Acid (IA) Historic Market Analysis in Saudi
Arabia in US$ Thousand: 2009-2017
UNITED ARAB EMIRATES
Table 60: Itaconic Acid (IA) Market in the United Arab
Emirates: Recent Past, Current and Future Analysis in US$
Thousand for the Period 2018-2025
Table 61: United Arab Emirates Itaconic Acid (IA) Historic
Market Analysis in US$ Thousand: 2009-2017
REST OF MIDDLE EAST
Table 62: Itaconic Acid (IA) Market in Rest of Middle East:
Recent Past, Current and Future Analysis in US$ Thousand for
the Period 2018-2025
Table 63: Rest of Middle East Itaconic Acid (IA) Historic
Market Analysis in US$ Thousand: 2009-2017
AFRICA
Table 64: African Itaconic Acid (IA) Market Estimates and
Projections in US$ Thousand: 2018 to 2025
Table 65: Itaconic Acid (IA) Market in Africa: A Historic
Review in US$ Thousand for 2009-2017

IV. COMPETITION

Total Companies Profiled: 30
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