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Itaconic Acid (IA) - Global Market Trajectory & Analytics

  • ID: 1946784
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alpha Chemika
Global Itaconic Acid (IA) Market to Reach $129.3 Million by 2027

Amid the COVID-19 crisis, the global market for Itaconic Acid (IA) estimated at US$105 Million in the year 2020, is projected to reach a revised size of US$129.3 Million by 2027, growing at a CAGR of 3% over the period 2020-2027.





The U.S. Market is Estimated at $28.4 Million, While China is Forecast to Grow at 5.6% CAGR

The Itaconic Acid (IA) market in the U.S. is estimated at US$28.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.4 Million by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Select Competitors (Total 30 Featured):
  • Alpha Chemika
  • Chengdu Jinkai Biology Engineering Co. Ltd.
  • Qingdao Kehai Biochemistry Co. Ltd.
  • Qingdao Langyatai Group Co. Ltd.
  • Ronas Chemicals Ind. Co. Ltd.
  • Shandong Kaison Biochemical Co. Ltd.
  • Shandong Zhongshun Science & Technology Development Co. Ltd.
  • Spectrum Chemical Mfg. Corp.
Frequently Asked Questions about the Global Market for Itaconic Acid (IA)

What is the estimated value of the Global Market for Itaconic Acid (IA)?

The Global Market for Itaconic Acid (IA) was estimated to be valued at $105.0 Million in 2020.

What is the growth rate of the Global Market for Itaconic Acid (IA)?

The growth rate of the Global Market for Itaconic Acid (IA) is 3.0%, with an estimated value of $129.3 Million by 2027.

What is the forecasted size of the Global Market for Itaconic Acid (IA)?

The Global Market for Itaconic Acid (IA) is estimated to be worth $129.3 Million by 2027.

Who are the key companies in the Global Market for Itaconic Acid (IA)?

Key companies in the Global Market for Itaconic Acid (IA) include Alpha Chemika, Chengdu Jinkai Biology Engineering Co. Ltd., Qingdao Kehai Biochemistry Co. Ltd., Qingdao Langyatai Group Co. Ltd., Ronas Chemicals Ind. Co. Ltd., Shandong Kaison Biochemical Co. Ltd. and Spectrum Chemical Mfg. Corp..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alpha Chemika

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • Impact of Covid-19 and a Looming Global Recession

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: World Current & Future Analysis for Itaconic Acid (IA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Itaconic Acid (IA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Itaconic Acid (IA) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 4: USA Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 5: USA Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • CANADA
  • Table 6: Canada Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 7: Canada Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • JAPAN
  • Table 8: Japan Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 9: Japan Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • CHINA
  • Table 10: China Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 11: China Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • EUROPE
  • Table 12: Europe Current & Future Analysis for Itaconic Acid (IA) by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 13: Europe Historic Review for Itaconic Acid (IA) by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 14: Europe 15-Year Perspective for Itaconic Acid (IA) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
  • FRANCE
  • Table 15: France Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 16: France Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • GERMANY
  • Table 17: Germany Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 18: Germany Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • ITALY
  • Table 19: Italy Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: Italy Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • UNITED KINGDOM
  • Table 21: UK Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 22: UK Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • SPAIN
  • Table 23: Spain Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 24: Spain Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • RUSSIA
  • Table 25: Russia Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: Russia Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF EUROPE
  • Table 27: Rest of Europe Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 28: Rest of Europe Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • ASIA-PACIFIC
  • Table 29: Asia-Pacific Current & Future Analysis for Itaconic Acid (IA) by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 30: Asia-Pacific Historic Review for Itaconic Acid (IA) by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 31: Asia-Pacific 15-Year Perspective for Itaconic Acid (IA) by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
  • AUSTRALIA
  • Table 32: Australia Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 33: Australia Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • INDIA
  • Table 34: India Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 35: India Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • SOUTH KOREA
  • Table 36: South Korea Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 37: South Korea Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF ASIA-PACIFIC
  • Table 38: Rest of Asia-Pacific Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 39: Rest of Asia-Pacific Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • LATIN AMERICA
  • Table 40: Latin America Current & Future Analysis for Itaconic Acid (IA) by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 41: Latin America Historic Review for Itaconic Acid (IA) by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: Latin America 15-Year Perspective for Itaconic Acid (IA) by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
  • ARGENTINA
  • Table 43: Argentina Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Argentina Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • BRAZIL
  • Table 45: Brazil Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 46: Brazil Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • MEXICO
  • Table 47: Mexico Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 48: Mexico Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF LATIN AMERICA
  • Table 49: Rest of Latin America Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of Latin America Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • MIDDLE EAST
  • Table 51: Middle East Current & Future Analysis for Itaconic Acid (IA) by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 52: Middle East Historic Review for Itaconic Acid (IA) by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 53: Middle East 15-Year Perspective for Itaconic Acid (IA) by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
  • IRAN
  • Table 54: Iran Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 55: Iran Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • ISRAEL
  • Table 56: Israel Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 57: Israel Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • SAUDI ARABIA
  • Table 58: Saudi Arabia Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 59: Saudi Arabia Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • UNITED ARAB EMIRATES
  • Table 60: UAE Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 61: UAE Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • REST OF MIDDLE EAST
  • Table 62: Rest of Middle East Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 63: Rest of Middle East Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • AFRICA
  • Table 64: Africa Current & Future Analysis for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 65: Africa Historic Review for Itaconic Acid (IA) by Segment - Itaconic Acid (IA) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

IV. COMPETITION
  • Total Companies Profiled: 30
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alpha Chemika
  • Chengdu Jinkai Biology Engineering Co. Ltd.
  • Qingdao Kehai Biochemistry Co. Ltd.
  • Qingdao Langyatai Group Co. Ltd.
  • Ronas Chemicals Ind. Co. Ltd.
  • Shandong Kaison Biochemical Co. Ltd.
  • Shandong Zhongshun Science & Technology Development Co. Ltd.
  • Spectrum Chemical Mfg. Corp.
Note: Product cover images may vary from those shown