Itaconic acid Market, by Derivative (Styrene Butadiene, Methyl Methacrylate, Polyitaconic Acid, and Others), by Application (SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymer, Unsaturated Polyester Resins, Methyl Methacrylate, Detergent Builder, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Itaconic acid is also known as methylidene succinic acid. It is white colorless compound in crystalline form that occurs naturally. Itaconic acid is easily biodegradable and non-toxic chemical compound. This acid is mainly used for produce the value added chemicals such as poly-itaconic acid, resins biofuel components, and many more. Moreover, some Aspergillus species like Aspergillus itaconicus and Aspergillus terreus show the ability to incorporate this organic acid and Aspergillus terrus can secrete significant amount to the media (>80g/L).
Market Dynamics
Itaconic acid is one of the most suitable solvents in cosmetic products. Moreover, it also finds in deodorants, antiperspirants, and some other cosmetic products. Rising disposable income personal and growing awareness about the benefits of cosmetic product also fuel the global itaconic acid market growth in forecast period. The rising usage in agricultural applications and advancements in bio-based polymethyl methacrylate is help to propel the global itaconic acid market growth in forecast period. Itaconic acids finds applications in paper, metal, and concrete coatings which are sustainable marketplace in the paints and coatings industry which can boost the global itaconic acid market growth. In the textile industry, the derivative of itaconic acid such as cyclodextrin itaconate is used for modification of cotton fabric which can help to drive the global itaconic acid market growth in upcoming years. Itaconic acid is also known as Butanedioic acid which is used up to 5% in styrene butadiene resins and in acrylic latexes for textile, paper, and paint applications. The presence of itaconic acid in the repeating unit of co-polyesters is expected to possess good biocompatibility and biodegradation in nature which makes polymers suitable for the applications including drug delivery and cytotoxic studies.
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