Data Bridge Market Research analyses that the bio-based itaconic acid market was valued at USD 1010.00 million in 2021 and is expected to reach USD 1447.35 million by 2029, registering a CAGR of 4.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Bio-based itaconic acid is a non-toxic and bio-degradable organic intermediate which is used to manufacture finishing agents, adhesives, sealants, paints and coatings. They are generally used in several application including dispersant agent, detergent builder, methyl methacrylate, synthetic latex, unbalanced polyester resin and SBR latex.
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Some of the major players operating in the bio-based itaconic acid market are:
- Thermo Fisher Scientific (U.S.)
- Qingdao Kehai Biochemistry Co., LTD. (China)
- Ultimate Chem India Pvt. Ltd (India)
- Alpha Chemika, (India)
- Haihang Industry (china)
- Ronas Chemicals (China)
- Merck KGaA (Germany)
- Alfa Aesar (U.S.)
- Choice Organochem LLP (India)
- FUSO CHEMICAL CO., LTD. (China)
Global Bio-based Itaconic acid Market Scope:
The bio-based itaconic acid market is segmented on the basis of derivative and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Derivative
- Styrene Butadiene Itaconic Acid
- Methyl Methacrylate
- Polytechnic Acid
- Others
Application
- SBR Latex
- Synthetic Latex
- Chillan Dispersant Agent
- Superabsorbent Polymer
- Unsaturated Polyester Resins
- Methyl Methacrylate
- Detergent Builder
- Others
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Bio-based Itaconic Acid Market Regional Analysis/Insights:
The bio-based itaconic acid market is analysed and market size insights and trends are provided by country, derivative and application as referenced above.
The countries covered in the bio-based itaconic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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