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Itaconic Acid Market by Derivative, Application And Region - Global Forecast to 2022

Itaconic Acid Market: Global Forecast until 2022

  • March 2018
  • 106 pages
  • ID: 5365430
In this report:
In the current scenario, the global paper production was around ## million metric tons in 2014, growing at ##%, in terms of volume, annually.
Germany accounted for a share of more than ##% of the paper production in the region in 2015, which resulted in the growing demand for IA in the SBR latex application.

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The itaconic acid market is estimated to rise at a compound annual growth rate of 4.10 percent between 2017 and 2022 in terms of value.

The itaconic acid market is forecasted to grow from $83.80M in 2017 to $102.30M by 2022, at a compound annual growth rate of 4.10 percent between 2017 and 2022. Top factors fueling the increase of the itaconic acid market contain the growing demand for bio-based unsaturated polyester resin and non-toxic properties of itaconic acid. Availability of cheap substitutes is the main factor restraining the rise of the itaconic acid market across the world.

The SBR latex is the most important application segment of the overall itaconic acid market.

Established on application, the SBR latex segment recorded for the biggest share of the overall itaconic acid market in 2016.SBR latex affords improved bonding & tensile strength, good adhesion, resistance to moisture & chemicals, etc.

These features of itaconic acid-based SBR latex makes them useful in various end-use sectors, including in coated paper & cards, non-woven textiles, paper processing, carpet backing, etc. These factors are forecasted to drive the SBR latex application segment of the overall itaconic acid market between 2017 and 2022.

The Asia Pacific itaconic acid market is expected to rise at the highest CAGR (Compound annual growth rate) between 2017 and 2022.

The Asia Pacific itaconic acid market is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022.The increase of the Asia Pacific itaconic acid market can be accredited to the growing demand for itaconic acid for use in SBR latex and the synthetic latex applications in the territory.

The growing demand for itaconic acid from emerging economies including China, India (IN), Indonesia (ID), and Malaysia (MY), among others, makes the Asia Pacific region one of the lucrative sectors for the manufacturers of itaconic acid.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been sliced into the following 3 categories:

• By company category - Tier 1 - 25.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 40.0 percent

• By description - C-suite executives - 30.0 percent, D-level - 25.0 percent, and Others- 45.0 percent

• By area - North america (NA)- 30%, Asia Pacific- 30.0 percent, EU- 25.0 percent, the Middle East area & Africa- 10.0 percent, and Latin America- 5.0 percent

Segment Research

This market report includes the itaconic acid market and forecasts its market size until 2022.The study includes industry segmentation established on derivative (SBIA, MMA, PIA, and others), application (SBR latex, synthetic latex, chillant dispersant agents, superabsorbent polymers, and others), and area (North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) & African continent, and Latin America area).

The Porter's Five Forces analysis, together with drivers, industry restraints, possibilities, and opportunities has also been discussed in this business report on the itaconic acid market. Additionally, it offers company descriptions and competitive landscape approved by the main actors of the itaconic acid market.

Why Purchasing This Study Can Help You:

The analysis is expected to benefit industry top players/new sector entrants in the itaconic acid market in these ways:

1. This report comprehensively segments the itaconic acid market and offers the closest approximation of revenues for the global market and its sub-segments across several verticals and localities.

2. The market research benefits partners distinguish the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives for the itaconic acid market.

3. This industry report is expected to benefit partners comprehend their players and obtain business insights about the sector to improve the position of their businesses. The competitive outlook section includes info on joint ventures (JV), strategic agreements, business developments, and mergers & acquisitions undertaken by the key players in the itaconic acid market.

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