Itaconic Acid Market is expected to reach USD 108.47 Million by 2026 from USD XX Million in 2018 at a
CAGR of XX %.
Demand for UPR to produce fiber reinforced polymer composites, artificial stones, pipes, electrical
cabinets, and laminating resins is expected to boost the demand for itaconic acid. Methyl methacrylate
production in order to replace petrochemicals may fuel itaconic acid demand. Trends regarding
environment sustainable products has encouraged the
biotechnological source to produce polymethyl methacrylate. Itaconic's high cost than its substitutes
including unsaturated polyester resins, synthetic latex, detergents, superabsorbent polymers and others
is restraining the market. Ongoing developments and increasing production scale-up.
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Itaconic Acid Market based on derivative is segmented into styrene butadiene, polyitaconic acid, methyl
methacrylate and others. Styrene butadiene is leading derivative segment followed by methacrylate.
Styrene butadiene provide improved tensile strength, an excellent bond, frothing machinability, and
possesses flexural and anti-oxidation properties. This making them useful in various industrial
applications such as paper coating, paper processing, and carpet backing.The report study has analyzed
revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and
market disrupters in the report and same is reflected in our analysis.
Itaconic acid market based on application is segmented into SBR latex, chillant dispersant agent,
synthetic latex, superabsorbent polymers and others. Superabsorbent is dominating segment and will
continue its dominance throughout forecast. Superabsorbent polymers are widely use in detergents and
skin care, personal care, cosmetics, and hygiene care industries.
Geographically, the Itaconic Acid market has been segmented into North America, Europe, Asia Pacific,
Middle East & Africa and L