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Itaconic Acid (IA) - Global Market Trajectory & Analytics

  • ID: 1946784
  • Report
  • July 2020
  • Region: Global
  • 126 Pages
  • Global Industry Analysts, Inc
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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.We bring years of research experience to this 18th edition of our report. The 126-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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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

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: Itaconic Acid (IA) Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Itaconic Acid (IA) Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Itaconic Acid (IA) Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027

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: 2020 to 2027
TABLE 5: Itaconic Acid (IA) Market in the United States: A Historic Review in US$ Thousand for 2012-2019

CANADA

TABLE 6: Canadian Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
TABLE 7: Canadian Itaconic Acid (IA) Historic Market Review in US$ Thousand: 2012-2019

JAPAN

TABLE 8: Japanese Market for Itaconic Acid (IA): Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 9: Itaconic Acid (IA) Market in Japan: Historic Sales Analysis in US$ Thousand for the Period 2012-2019

CHINA

TABLE 10: Chinese Itaconic Acid (IA) Market Growth Prospects in US$ Thousand for the Period 2020-2027
TABLE 11: Itaconic Acid (IA) Historic Market Analysis in China in US$ Thousand: 2012-2019

EUROPE

Market Facts & Figures

Market Analytics
TABLE 12: European Itaconic Acid (IA) Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 13: Itaconic Acid (IA) Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 14: European Itaconic Acid (IA) Market Share Shift by Region/Country: 2012 VS 2020 VS 2027

FRANCE

TABLE 15: Itaconic Acid (IA) Market in France: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 16: French Itaconic Acid (IA) Historic Market Scenario in US$ Thousand: 2012-2019

GERMANY

TABLE 17: Itaconic Acid (IA) Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 18: German Itaconic Acid (IA) Historic Market Analysis in US$ Thousand: 2012-2019

ITALY

TABLE 19: Italian Itaconic Acid (IA) Market Growth Prospects in US$ Thousand for the Period 2020-2027
TABLE 20: Itaconic Acid (IA) Historic Market Analysis in Italy in US$ Thousand: 2012-2019

UNITED KINGDOM

TABLE 21: United Kingdom Market for Itaconic Acid (IA): Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 22: Itaconic Acid (IA) Market in the United Kingdom: Historic Sales Analysis in US$ Thousand for the Period 2012-2019

SPAIN

TABLE 23: Spanish Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
TABLE 24: Spanish Itaconic Acid (IA) Historic Market Review in US$ Thousand: 2012-2019

RUSSIA

TABLE 25: Russian Itaconic Acid (IA) Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 26: Itaconic Acid (IA) Market in Russia: A Historic Review in US$ Thousand for 2012-2019

REST OF EUROPE

TABLE 27: Rest of Europe Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand: 2020-2027
TABLE 28: Itaconic Acid (IA) Market in Rest of Europe in US$ Thousand: A Historic Review for the Period 2012-2019

ASIA-PACIFIC

TABLE 29: Asia-Pacific Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 30: Itaconic Acid (IA) Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 31: Asia-Pacific Itaconic Acid (IA) Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 32: Itaconic Acid (IA) Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 33: Australian Itaconic Acid (IA) Historic Market Analysis in US$ Thousand: 2012-2019

INDIA

TABLE 34: Indian Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand: 2020 to 2027
TABLE 35: Indian Itaconic Acid (IA) Historic Market Review in US$ Thousand: 2012-2019

SOUTH KOREA

TABLE 36: Itaconic Acid (IA) Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 37: South Korean Itaconic Acid (IA) Historic Market Analysis in US$ Thousand: 2012-2019

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 2020-2027
TABLE 39: Itaconic Acid (IA) Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Thousand for the Period 2012-2019

LATIN AMERICA

TABLE 40: Latin American Itaconic Acid (IA) Market Trends by Region/Country in US$ Thousand: 2020-2027
TABLE 41: Itaconic Acid (IA) Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 42: Latin American Itaconic Acid (IA) Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027

ARGENTINA

TABLE 43: Argentinean Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand: 2020-2027
TABLE 44: Itaconic Acid (IA) Market in Argentina in US$ Thousand: A Historic Review for the Period 2012-2019

BRAZIL

TABLE 45: Itaconic Acid (IA) Market in Brazil: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 46: Brazilian Itaconic Acid (IA) Historic Market Scenario in US$ Thousand: 2012-2019

MEXICO

TABLE 47: Itaconic Acid (IA) Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand for the Period 2020-2027
TABLE 48: Mexican Itaconic Acid (IA) Historic Market Analysis in US$ Thousand: 2012-2019

REST OF LATIN AMERICA

TABLE 49: Rest of Latin America Itaconic Acid (IA) Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 50: Itaconic Acid (IA) Market in Rest of Latin America: A Historic Review in US$ Thousand for 2012-2019

MIDDLE EAST

TABLE 51: The Middle East Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 52: Itaconic Acid (IA) Market in the Middle East by Region/Country in US$ Thousand: 2012-2019
TABLE 53: The Middle East Itaconic Acid (IA) Market Share Breakdown by Region/Country: 2012, 2020, and 2027

IRAN

TABLE 54: Iranian Market for Itaconic Acid (IA): Annual Sales Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 55: Itaconic Acid (IA) Market in Iran: Historic Sales Analysis in US$ Thousand for the Period 2012-2019

ISRAEL

TABLE 56: Israeli Itaconic Acid (IA) Market Estimates and Forecasts in US$ Thousand: 2020-2027
TABLE 57: Itaconic Acid (IA) Market in Israel in US$ Thousand: A Historic Review for the Period 2012-2019

SAUDI ARABIA

TABLE 58: Saudi Arabian Itaconic Acid (IA) Market Growth Prospects in US$ Thousand for the Period 2020-2027
TABLE 59: Itaconic Acid (IA) Historic Market Analysis in Saudi Arabia in US$ Thousand: 2012-2019

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 2020-2027
TABLE 61: United Arab Emirates Itaconic Acid (IA) Historic Market Analysis in US$ Thousand: 2012-2019

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 2020-2027
TABLE 63: Rest of Middle East Itaconic Acid (IA) Historic Market Analysis in US$ Thousand: 2012-2019

AFRICA

TABLE 64: African Itaconic Acid (IA) Market Estimates and Projections in US$ Thousand: 2020 to 2027
TABLE 65: Itaconic Acid (IA) Market in Africa: A Historic Review in US$ Thousand for 2012-2019

IV. COMPETITION

Total Companies Profiled: 30

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