Bio-based Itaconic Acid Market is expected to reach US$ 88 million revenues by 2027

The global Bio-based Itaconic Acid market was valued at US$ 75 million in 2020 and it is expected to reach US$ 88 million by the end of 2027, growing at a CAGR of 2.3% during 2021-2027.

Bio-based itaconic acid is a bio-degradable and non-toxic organic intermediate used to manufacture of adhesives, sealants, finishing agents, paints and coatings.

Asia Pacific is expected to be largest bio-based itaconic acid market over the forecast period owing to increasing regulatory expenditure on infrastructure improvement in China and India which is expected to augment demand for adhesives, sealants, paints and coatings. Automobile industry growth in Indonesia, South Korea and China on account of rising domestic consumption of vehicles, new product launches and increasing investments is expected to promote the market growth of adhesives, paints and coatings. As a result, growing demand for aforementioned products in Asia Pacific is expected to augment bio-based itaconic acid market growth in the near future.

Global Bio-based Itaconic Acid Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Bio-based Itaconic Acid Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are DSM Netherlands, Chengdu Lucky Biology Engineering Industry Co., Ltd., Itaconix LLC., Lucite International Group, Nanjing Huajin Biologicals Co., Ltd., Qingdao Langyatai Group Co., Ltd. and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-bio-based-itaconic-acid-market-outlook

Segment by Type

  • Styrene Butadiene Itaconic Acid
  • Methyl Methacrylate
  • Polyitaconic Acid
  • Others

Segment by Application

  • Adhesives
  • Sealants
  • Finishing Agents
  • Paints and Coatings
  • Others

Table of Content:

1 Bio-based Itaconic Acid Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Bio-based Itaconic Acid Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Bio-based Itaconic Acid Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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