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chemicalresearchupdates · 9 months ago

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Itaconic Acid Market Overview: Growth Opportunities and Challenges

The itaconic acid market has gained immense traction in the recent years. Itaconic acid is a unsaturated organic acid produced by fermentation or chemical synthesis. It is used in the manufacturing of chemicals, resins and polymers that have applications in construction industry, paints & coatings and agriculture among others. Global itaconic acid market is estimated to be valued at US$ 134.1 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.

Itaconic acid has properties such as biodegradability, UV stability and versatility which makes it suitable for use in the construction industry. It is used in the manufacturing of resins for concretes, adhesives and grouts which have high demand owing to rise in construction activities globally. Key Takeaways

Key players operating in the itaconic acid market are Itaconix Corporation, Jinan Huaming Biochemistry Co. Ltd., Qingdao Langyatai Group Co. Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Alpha Chemika, Chengdu Jinkai Biology Engineering Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Iwata Chemical Co., Ltd., Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Spectrum Chemical Manufacturing Corp. Among these Itaconix Corporation is the largest producer of itaconic acid globally.

Demand for itaconic acid is rising at a faster pace owing to its increasing use in paints & coatings and construction chemicals industries. It is used as a co-monomer for synthesis of polymers and resins that have wide application in these end use industries.

Technological advancements are expanding the scope of applications for itaconic acid. Research is being conducted for developing techniques of producing itaconic acid from renewable resources sustainably through fermentation process which will further boost the market growth.

Market Trends

Growing preference for bio-based materials: With rising environmental concerns, manufacturers are focusing on developing bio-based and biodegradable alternatives to conventional petrochemical materials. Itaconic acid derived polymers are finding increased adoption as eco-friendly substitutes.

Product innovation through R&D: Companies are investing in R&D to expand the applications of itaconic acid in new end use industries like textiles, pharmaceuticals etc through development of novel polymers and resins using itaconic acid as monomer. This is expected to drive the future demand.

Market Opportunities

Untapped opportunities in Asia Pacific: The Asia Pacific region presents lucrative growth opportunities for itaconic acid market owing to rapidly expanding construction and coatings industries in China and India. Local players are establishing production facilities to cater to the rising regional demand.

Increasing demand from developing economies: Emerging economies like Latin America, Middle East, Africa are witnessing rise in infrastructure development activities. This will boost the use of itaconic acid based construction chemicals, thereby driving the market growth over the forecast period.

Impact of COVID-19 on Itaconic acid Market

The outbreak of the COVID-19 pandemic has significantly impacted the growth of the global itaconic acid market. With nationwide lockdowns imposed across various countries to curb the spread of the virus, both the supply and demand side of the itaconic acid market was disrupted. The lockdowns led to shutting down of manufacturing facilities and logistical issues hindered the supply chain of itaconic acid. This led to reduction in availability of raw materials and shortage of itaconic acid across various end-use industries like synthetic latex, unsaturated polyester resins, acrylic paints, adhesives, and coatings. On the demand side, closure of various facilities across end-use industries significantly lowered the consumption of itaconic acid. For instance, shutdown of automotive plants brought down the consumption of itaconic acid used in resin formulation. Similarly, reduced construction activities reduced the demand from unsaturated polyester resin industry. However, with eased lockdowns and resumption of industrial operations in late 2020 and 2021, the itaconic acid market is witnessing steady recovery. The demand is increasing from end-use industries as their production increases gradually. The suppliers are also stabilizing supply chains to cater to the growing demand. The market is expected to reach pre-pandemic levels in the coming years, supported by government initiatives to boost economies. Companies are pursuing strategies like capacity expansions and collaborations to strengthen their positions in the recovering market. Geographical regions with concentrated Itaconic acid market in terms of value

Currently, the itaconic acid market is concentrated in North America and Europe in terms of value. The USA and Germany have emerged as the major consumers of itaconic acid. This is attributed to strong presence of end-use industries like synthetic polymers, paints & coatings, agrochemicals in these regions. The growing construction activities along with increasing automotive production in North America and Western Europe has been driving the consumption of unsaturated polyester resins and paints & coatings, thereby supporting the demand for itaconic acid. Fastest growing region for Itaconic acid market

Asia Pacific region is expected to be the fastest growing market for itaconic acid during the forecast period. The growth can be attributed to increasing industrialization and urbanization in emerging countries like China and India. Factors like rising disposable incomes, growth in the automotive industry and infrastructure development are supporting the consumption of end-use products in the region. Additionally, manufacturing units being set up by key players in Asia to cater to the growing demand will further propel the itaconic acid market growth in the region over the coming years.

#Itaconic Acid Market #Itaconic Acid Market Trends #Itaconic Acid Market Growth

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pearlsmith25 · 10 months ago

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Global Itaconic Acid Market Growth Drivers: Unraveling the Forces Behind Industry Expansion

Itaconic acid is an organic compound that is majorly used as a monomer in the production of synthetic latex, resins, and polyester. It offers high flexibility, resilience, biodegradability and low costs. The growing demand for green chemicals across various end-use industries such as construction, textiles, and paper has propelled the consumption of itaconic acid. The global itaconic acid market is estimated to be valued at US$ 134.1 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The growing use of itaconic acid in synthetic latex production presents a key market opportunity. Itaconic acid acts as an ideal comonomer in the manufacturing of synthetic latex which are increasingly replacing natural rubber latex across various applications owing to their superior performance characteristics. The consumption of synthetic latex has significantly grown across end use industries such as paper, paints & coatings and adhesives & sealants. With the growing demand for synthetic latex from these industries, the demand for itaconic acid as a major comonomer is also expected to surge substantially over the forecast period. The market players can capitalize on this opportunity by enhancing their production capacities and supply chain operations to cater to the rising needs of synthetic latex producers. Porter’s Analysis

Threat of new entrants: Itaconic acid market has high requirement of technical expertise and financial investment for production facilities which makes threat of new entrants moderate.

Bargaining power of buyers: Large number of established producers provide buyers with choice making their bargaining power moderate.

Bargaining power of suppliers: Raw materials for production of itaconic acid are commoditized and available from multiple sources making supplier power weak.

Threat of new substitutes: Itaconic acid has properties superior to substitutes making threat of substitution low.

Competitive rivalry: Intense competition exists among established producers for market share keeping rivalry high. SWOT Analysis Strength: Itaconic acid is bio-based, non-toxic and sustainable chemical with diverse applications. Varied end-use industries provide stability.

Weakness: High production cost limits penetration in price sensitive markets. Dependency on few producers for supply.

Opportunity: Growing demand for biodegradable and biobased products and packaging from industries like paints, construction and personal care offers opportunities.

Threats: Fluctuating raw material prices and availability affects production economics. Environmental regulations may affect production. Key Takeaways The global itaconic acid market is expected to witness high growth during the forecast period of 2023-2030. The market is driven by growing end-use industries, stringent environmental regulations favoring bio-based chemicals and expansion of production capacities by major players.

North America dominates the global market and is expected to maintain its lead through 2030 supported by strong production base and end-use industries in the region. Europe and Asia Pacific are expected to be fastest growing regions during the forecast period. Key players operating in the itaconic acid market are Itaconix Corporation, Jinan Huaming Biochemistry Co. Ltd., Iwata Chemical Co. Ltd, Qingdao Kehai Biochemistry Co., Ltd, Alpha Chemika, Aekyung Petrochemical Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., and Chengdu Jinkai Biological Engineering Co. Ltd. Major players are making significant investments in R&D and capacity expansions to capitalize on the projected growth opportunities in the market.

#Itaconic acid Market Share #Itaconic acid Market Growth #Itaconic acid Market Demand #Itaconic acid Market Trend #Itaconic acid Market Analysis

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cmibloggers · 1 year ago

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Global Itaconic Acid Market Is Estimated To Witness High Growth Owing To Growing Demand for Sustainable and Bio-based Chemicals

The global Itaconic Acid market is estimated to be valued at US$ 97.7 Mn in 2021 and is expected to exhibit a CAGR of 4.1% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Itaconic acid is a white crystalline compound that is derived from renewable resources such as corn and sugarcane. It is used as a building block for various applications such as synthetic latex, superabsorbent polymers, unsaturated polyester resins, and others. The demand for Itaconic acid is driven by its eco-friendly nature, biodegradability, and the growing need for sustainable and bio-based chemicals in various industries. B) Market Key Trends: One key trend in the Itaconic Acid market is the increasing adoption of bio-based polymers in various applications. As the world moves towards a more sustainable future, industries are shifting towards bio-based materials to reduce their carbon footprint. Itaconic acid-based polymers offer excellent biodegradability and can replace petroleum-based polymers in various applications such as packaging, textiles, coatings, and adhesives. For example, Itaconix Corporation offers Itaconic Acid Polymeric Dispersions, which are used in household cleaning products as a replacement for conventional chemicals. C) PEST Analysis: Political: Government regulations promoting renewable and sustainable resources drive the demand for Itaconic acid. Economic: The increasing demand for bio-based materials and chemicals creates lucrative opportunities for the Itaconic Acid market. Social: Growing awareness about the environmental impact of petroleum-based chemicals fuels the adoption of Itaconic acid. Technological: Advances in biotechnology and fermentation processes enable cost-effective production of Itaconic acid from renewable resources. D) Key Takeaways: Paragraph 1: The global Itaconic Acid Market is expected to witness high growth, exhibiting a CAGR of 4.1% over the forecast period, due to increasing demand for sustainable and bio-based chemicals. The shift towards eco-friendly materials and the need to reduce carbon footprint in various industries are driving the demand for Itaconic acid. Paragraph 2: Asia Pacific is the fastest-growing and dominating region in the Itaconic Acid market. The region is witnessing rapid industrialization, increasing population, and growing environmental concerns, which drive the demand for sustainable chemicals. China and India are the key contributors to market growth in the region. Paragraph 3: Key players operating in the global Itaconic Acid market include Itaconix Corporation, Jinan Huaming Biochemistry Co. Ltd., Qingdao Langyatai Group Co. Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Alpha Chemika, Chengdu Jinkai Biology Engineering Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Iwata Chemical Co., Ltd., Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Spectrum Chemical Manufacturing Corp., FUJIFILM Wakao Pure Chemical Corporation, Ultimate Chem India Pvt. Ltd., Choice Oraganochem Lip, and Alfa Aesar. In conclusion, the global Itaconic Acid market is witnessing high growth due to the increasing demand for sustainable and bio-based chemicals. The adoption of bio-based polymers and the shift towards eco-friendly materials are driving market growth. Asia Pacific is the fastest-growing region, with China and India leading the market. Key players in the market are focused on innovation and expanding their product portfolios to meet the growing demand for Itaconic acid and its derivatives.

#coherent market insights #chemical and materials industry #Green Chemicals #Itaconic acid Market #Monomer

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databridgemarket456 · 2 years ago

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Bio-based itaconic acid market is expected to grow at a rate of 5.50% for the forecast period of 2020 to 2027. Data Bridge Market Research report on bio-based itaconic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

#Bio-Based Itaconic Acid Market #Bio-Based Itaconic Acid Market share #Bio-Based Itaconic Acid Market demand #Bio-Based Itaconic Acid Market scope #Bio-Based Itaconic Acid Market size #Bio-Based Itaconic Acid Market trend #Bio-Based Itaconic Acid Market invest #Bio-Based Itaconic Acid Market future

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petnews2day · 2 years ago

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Biobased Chemicals, Materials, Polymers, Plastics, Paints & Coatings and Fuel Global Market to 2033

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/biobased-chemicals-materials-polymers-plastics-paints-coatings-and-fuel-global-market-to-2033/

Biobased Chemicals, Materials, Polymers, Plastics, Paints & Coatings and Fuel Global Market to 2033

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Dublin, Nov. 09, 2022 (GLOBE NEWSWIRE) — The “The Global Market for Biobased Chemicals, Materials, Polymers, Plastics, Paints & Coatings and Fuels to 2033” report has been added to ResearchAndMarkets.com’s offering.

Biobased materials refer to products that mainly consist of a substance (or substances) derived from living matter (biomass) and either occur naturally or are synthesized, or it may refer to products made by processes that use biomass. Materials from biomass sources include bulk chemicals, platform chemicals, solvents, polymers, and biocomposites.

The many processes to convert biomass components to value-added products and fuels can be classified broadly as biochemical or thermochemical.

In addition, biotechnological processes that rely mainly on plant breeding, fermentation, and conventional enzyme isolation also are used. New bio-based materials that may compete with conventional materials are emerging continually, and the opportunities to use them in existing and novel products are explored in this publication.

There is growing consumer demand and regulatory push for bio-based chemicals, materials, polymers, plastics, paints, coatings and fuels with high performance, good recyclability and biodegradable properties to underpin transition towards more sustainable manufacturing and products.

Contents include:

In-depth market analysis of bio-based chemical feedstocks, biopolymers, bioplastics, natural fibers and lignin, biofuels and bio-based coatings and paints.

Global production capacities, market volumes and trends,current and forecast to 2033.

Analysis of bio-based chemical including 11-Aminoundecanoic acid (11-AA), 1,4-Butanediol (1,4-BDO), Dodecanedioic acid (DDDA), Epichlorohydrin (ECH), Ethylene, Furan derivatives, 5-Chloromethylfurfural (5-CMF), 2,5-Furandicarboxylic acid (2,5-FDCA), Furandicarboxylic methyl ester (FDME), Isosorbide, Itaconic acid, 5 Hydroxymethyl furfural (HMF), Lactic acid (D-LA), Lactic acid – L-lactic acid (L-LA), Lactide, Levoglucosenone, Levulinic acid, Monoethylene glycol (MEG), Monopropylene glycol (MPG), Muconic acid, Naphtha, 1,5-Pentametylenediamine (DN5), 1,3-Propanediol (1,3-PDO), Sebacic acid and Succinic acid.

Analysis of synthetic bio-polymers and bio-plastics market including Polylactic acid (Bio-PLA), Polyethylene terephthalate (Bio-PET), Polytrimethylene terephthalate (Bio-PTT), Polyethylene furanoate (Bio-PEF), Polyamides (Bio-PA), Poly(butylene adipate-co-terephthalate) (Bio-PBAT), Polybutylene succinate (PBS) and copolymers, Polyethylene (Bio-PE), Polypropylene (Bio-PP)

Analysis of naturally produced bio-based polymers including Polyhydroxyalkanoates (PHA), Polysaccharides, Microfibrillated cellulose (MFC), Cellulose nanocrystals, Cellulose nanofibers, Protein-based bioplastics, Algal and fungal.

Analysis of market for biofuels.

Analysis of types of natural fibers including plant fibers, animal fibers including alternative leather, wool, silk fiber and down and polysaccharides.

Markets for natural fibers, including composites, aerospace, automotive, construction & building, sports & leisure, textiles, consumer products and packaging.

Production capacities of lignin producers.

In depth analysis of biorefinery lignin production.

Analysis of the market for bio-based, sustainable paints and coatings.

Analysis of types of bio-coatings and paints market. Including Alkyd coatings, Polyurethane coatings, Epoxy coatings, Acrylate resins, Polylactic acid (Bio-PLA), Polyhydroxyalkanoates (PHA), Cellulose, Rosins, Biobased carbon black, Lignin, Edible coatings, Protein-based biomaterials for coatings, Alginate etc.

Profiles of over 800 companies.

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Key Topics Covered:

1 EXECUTIVE SUMMARY

2 RESEARCH METHODOLOGY

3 THE GLOBAL PLASTICS MARKET 3.1 Global production 3.2 The importance of plastic 3.3 Issues with plastics use 3.4 Policy and regulations 3.5 The circular economy 3.6 Conventional polymer materials used in packaging 3.6.1 Polyolefins: Polypropylene and polyethylene 3.6.2 PET and other polyester polymers 3.6.3 Renewable and bio-based polymers for packaging 3.7 Comparison of synthetic fossil-based and bio-based polymers 3.8 End-of-life treatment of bioplastics

4 BIO-BASED CHEMICALS 4.1 Types 4.2 Production capacities 4.3 Bio-based adipic acid 4.4 11-Aminoundecanoic acid (11-AA) 4.5 1,4-Butanediol (1,4-BDO) 4.6 Dodecanedioic acid (DDDA) 4.7 Epichlorohydrin (ECH) 4.8 Ethylene 4.9 Furfural 4.10 5-Hydroxymethylfurfural (HMF) 4.11 5-Chloromethylfurfural (5-CMF) 4.12 2,5-Furandicarboxylic acid (2,5-FDCA) 4.13 Furandicarboxylic methyl ester (FDME) 4.14 Isosorbide 4.15 Itaconic acid 4.16 3-Hydroxypropionic acid (3-HP) 4.17 5 Hydroxymethyl furfural (HMF) 4.18 Lactic acid (D-LA) 4.19 Lactic acid – L-lactic acid (L-LA) 4.20 Lactide 4.21 Levoglucosenone 4.22 Levulinic acid 4.23 Monoethylene glycol (MEG) 4.24 Monopropylene glycol (MPG) 4.25 Muconic acid 4.26 Naphtha 4.27 Pentamethylene diisocyanate 4.28 1,3-Propanediol (1,3-PDO) 4.29 Sebacic acid 4.30 Succinic acid (SA)

5 BIOPOLYMERS AND BIOPLASTICS 5.1 Bio-based or renewable plastics 5.1.1 Drop-in bio-based plastics 5.1.2 Novel bio-based plastics 5.2 Biodegradable and compostable plastics 5.2.1 Biodegradability 5.2.2 Compostability 5.3 Advantages and disadvantages 5.4 Types of Bio-based and/or Biodegradable Plastics 5.5 Market leaders by biobased and/or biodegradable plastic types 5.6 Regional/country production capacities, by main types 5.6.1 Bio-based Polyethylene (Bio-PE) production capacities, by country 5.6.2 Bio-based Polyethylene terephthalate (Bio-PET) production capacities, by country 5.6.3 Bio-based polyamides (Bio-PA) production capacities, by country 5.6.4 Bio-based Polypropylene (Bio-PP) production capacities, by country 5.6.5 Bio-based Polytrimethylene terephthalate (Bio-PTT) production capacities, by country 5.6.6 Bio-based Poly(butylene adipate-co-terephthalate) (PBAT) production capacities, by country 5.6.7 Bio-based Polybutylene succinate (PBS) production capacities, by country 5.6.8 Bio-based Polylactic acid (PLA) production capacities, by country 5.6.9 Polyhydroxyalkanoates (PHA) production capacities, by country 5.6.10 Starch blends production capacities, by country 5.7 SYNTHETIC BIO-BASED POLYMERS 5.7.1 Polylactic acid (Bio-PLA) 5.7.1.1 Market analysis 5.7.1.2 Producers 5.7.2 Polyethylene terephthalate (Bio-PET) 5.7.2.1 Market analysis 5.7.2.2 Producers 5.7.3 Polytrimethylene terephthalate (Bio-PTT) 5.7.3.1 Market analysis 5.7.3.2 Producers 5.7.4 Polyethylene furanoate (Bio-PEF) 5.7.4.1 Market analysis 5.7.4.2 Comparative properties to PET 5.7.4.3 Producers 5.7.5 Polyamides (Bio-PA) 5.7.5.1 Market analysis 5.7.5.2 Producers 5.7.6 Poly(butylene adipate-co-terephthalate) (Bio-PBAT) 5.7.6.1 Market analysis 5.7.6.2 Producers 5.7.7 Polybutylene succinate (PBS) and copolymers 5.7.7.1 Market analysis 5.7.7.2 Producers 5.7.8 Polyethylene (Bio-PE) 5.7.8.1 Market analysis 5.7.8.2 Producers 5.7.9 Polypropylene (Bio-PP) 5.7.9.1 Market analysis 5.7.9.2 Producers 5.8 NATURAL BIO-BASED POLYMERS 5.8.1 Polyhydroxyalkanoates (PHA) 5.8.1.1 Types 5.8.1.2 Synthesis and production processes 5.8.1.3 Market analysis 5.8.1.4 Commercially available PHAs 5.8.1.5 Markets for PHAs 5.8.1.6 Producers 5.8.2 Polysaccharides 5.8.2.1 Microfibrillated cellulose (MFC) 5.8.2.2 Cellulose nanocrystals 5.8.2.3 Cellulose nanofibers 5.8.2.4 Bacterial Nanocellulose (BNC) 5.8.3 Protein-based bioplastics 5.8.3.1 Types, applications and producers 5.8.4 Algal and fungal 5.8.4.1 Algal 5.8.4.2 Mycelium 5.8.5 Chitosan 5.8.6 Microplastics alternatives 5.9 PRODUCTION OF BIOBASED AND SUSTAINABLE PLASTICS, BY REGION 5.9.1 North America 5.9.2 Europe 5.9.3 Asia-Pacific 5.9.3.1 China 5.9.3.2 Japan 5.9.3.3 Thailand 5.9.3.4 Indonesia 5.9.4 Latin America 5.10 MARKET SEGMENTATION OF BIOPLASTICS 5.10.1 Packaging 5.10.2 Consumer products 5.10.3 Automotive 5.10.4 Building & construction 5.10.5 Textiles 5.10.6 Electronics 5.10.7 Agriculture and horticulture 5.11 BIO-BASED CHEMICALS, BIOPOLYMERS AND BIOPLASTICS COMPANY PROFILES (325 company profiles)

6 NATURAL FIBERS 6.1 Manufacturing method, matrix materials and applications of natural fibers 6.2 Advantages of natural fibers 6.3 Commercially available next-gen natural fiber products 6.4 Market drivers for next-gen natural fibers 6.5 Challenges 6.6 Plants (cellulose, lignocellulose) 6.6.1 Seed fibers 6.6.1.1 Cotton 6.6.1.2 Kapok 6.6.1.3 Luffa 6.6.2 Bast fibers 6.6.2.1 Jute 6.6.2.2 Hemp 6.6.2.3 Flax 6.6.2.4 Ramie 6.6.2.5 Kenaf 6.6.3 Leaf fibers 6.6.3.1 Sisal 6.6.3.2 Abaca 6.6.4 Fruit fibers 6.6.4.1 Coir 6.6.4.2 Banana 6.6.4.3 Pineapple 6.6.5 Stalk fibers from agricultural residues 6.6.5.1 Rice fiber 6.6.5.2 Corn 6.6.6 Cane, grasses and reed 6.6.6.1 Switch grass 6.6.6.2 Sugarcane (agricultural residues) 6.6.6.3 Bamboo 6.6.6.4 Fresh grass (green biorefinery) 6.6.7 Modified natural polymers 6.6.7.1 Mycelium 6.6.7.2 Chitosan 6.6.7.3 Alginate 6.7 Animal (fibrous protein) 6.7.1 Wool 6.7.1.1 Alternative wool materials 6.7.1.2 Producers 6.7.2 Silk fiber 6.7.2.1 Alternative silk materials 6.7.3 Leather 6.7.3.1 Alternative leather materials 6.7.4 Fur 6.7.4.1 Producers 6.7.5 Down 6.7.5.1 Alternative down materials 6.8 MARKETS FOR NATURAL FIBERS 6.8.1 Composites 6.8.2 Applications 6.8.3 Natural fiber injection moulding compounds 6.8.3.1 Properties 6.8.3.2 Applications 6.8.4 Non-woven natural fiber mat composites 6.8.4.1 Automotive 6.8.4.2 Applications 6.8.5 Aligned natural fiber-reinforced composites 6.8.6 Natural fiber biobased polymer compounds 6.8.7 Natural fiber biobased polymer non-woven mats 6.8.7.1 Flax 6.8.7.2 Kenaf 6.8.8 Natural fiber thermoset bioresin composites 6.8.9 Aerospace 6.8.9.1 Market overview 6.8.10 Automotive 6.8.10.1 Market overview 6.8.10.2 Applications of natural fibers 6.8.11 Building/construction 6.8.11.1 Market overview 6.8.11.2 Applications of natural fibers 6.8.12 Sports and leisure 6.8.12.1 Market overview 6.8.13 Textiles 6.8.13.1 Market overview 6.8.13.2 Consumer apparel 6.8.13.3 Geotextiles 6.8.14 Packaging 6.8.14.1 Market overview 6.9 NATURAL FIBERS GLOBAL PRODUCTION 6.9.1 Overall global fibers market 6.9.2 Plant-based fiber production 6.9.3 Animal-based natural fiber production 6.10 NATURAL FIBER COMPANY PROFILES (178 company profiles)

7 LIGNIN 7.1 INTRODUCTION 7.2 LIGNIN PRODUCTON PROCESSES 7.3 MARKETS FOR LIGNIN 7.4 COMPANY PROFILES (75 company profiles)

8 BIOBASED AND RENEWABLE FUELS 8.1 BIOFUELS 8.2 ELECTROFUELS (E-FUELS) 8.3 GREEN AMMONIA 8.4 COMPANY PROFILES (114 company profiles)

9 BIO-BASED PAINTS AND COATINGS 9.1 The global paints and coatings market 9.2 Bio-based paints and coatings 9.3 Challenges using bio-based paints and coatings 9.4 Types of bio-based coatings and materials 9.5 Market for bio-based paints and coatings 9.6 Company profiles (130 company profiles)

10 REFERENCES

For more information about this report visit https://www.researchandmarkets.com/r/dbzix6

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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manideep8 · 2 years ago

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Bio-based Platform Chemicals Market - Forecast (2022 - 2027)

Bio-based Platform Chemicals Market Overview

The Bio-based Platform Chemicals Market size is forecast to reach US$26.3 billion by 2027 after growing at a CAGR of 8.9% during the forecast period 2022-2027. Bio-based platform chemicals are a group of chemicals that are manufactured from sugar through the procedure of biological conversions. This group of chemicals include molecules that have a wide range of functional groups, hence, they can be converted into a range of other high-value chemicals. Some of the examples of Bio-based Platform Chemicals include Bio Glutamic Acid, Bio-3-Hydroxypropionic Acid, Bio Succinic Acid, and Isobutanol. An increase in demand for Bio-based Platform Chemicals from the pharmaceutical and packaging industry acts as the major driver for the market. On the other hand, shortage and fluctuating prices of raw materials may act as a major constraint for the market.

Report Coverage

The report : “Bio-based Platform Chemicals Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Bio-based Platform Chemicals Industry.

By Product Type : Bio Glycerol, Bio Itaconic Acid, Bio Glutamic Acid, Bio Succinic Acid, Bio-1,4-Diacids, Bio-3-Hydroxypropionic Acid, Others.

By Geography : North America (USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East, and Africa).

#Bio-based Platform Chemicals Market #chemicals #chemical industry #Bio Based #pharmaceutical #packaging industry #Packaging #Materials #Argentina Covid-19 Market Research

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businessconsultingarticle · 3 years ago

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Organic Acids Market Share, Key Market Players, Trends & Forecast, 2020–2026

According to the current analysis of Reports and Data, the global Organic Acids market was valued at USD 19.91 Billion in 2018 and is expected to reach USD 36.86 Billion by year 2026, at a CAGR of 8.0%. Organic acids have a wide scale of application in the industry. Synthetically produced organic acids are used as catalysts, surfactants and dyes popularly. Those that are produced by fermentation process of microorganisms are extensively used in various processes in the food and beverages industry. Organic acids market is expected to witness a favourable growth scenario in the Asia Pacific market as the region has an extensively increasing demand for food and beverages, which are an important application of organic acids.

The organic acids market is witnessing a comparative leniency in the regulatory and approval norms, which is pushing the market growth forward. These acids are finding increasing use in the pharmaceuticals and cosmetic industry, which is further pushing forward the market growth. The top companies in the organic acids market are mainly focusing on qualitative product improvements for efficient applicability in the related end-use segments.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1730

For the purpose of this study, Reports and Data have segmented the Organic Acids market on the basis of product type, source type, application, and region:

Product Type (Revenue, USD Million; 2016–2026)

Formic Acid

Citric Acid

Lactic Acid

Acetic Acid

Gluconic Acid

Itaconic Acid

Others

Propionic Acid

Succinic Acid

Pyruvic Acid

Source Type (Revenue, USD Million; 2016–2026)

Biomass

Molasses

Starch

Chemical Synthesis

Agro-Industrial Residue

Application (Revenue, USD Million; 2016–2026)

Food and Beverages Industry

Animal Feed

Chemical Industry

Pharmaceuticals

Personal Care

Agriculture

Others

Regional Outlook (Revenue in USD Million; 2016–2026)

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

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Further key findings from the report suggest-

The market for renewable organic acids is driven by stringent environmental regulations imposed on the conventional production methods. The former do not leave any toxic waste behind and organic acids are therefore being increasingly synthesized from renewable bio-based methods.

By product, formic acid has important applications. It is highly acidic in nature, which helps in leather production processes, dyeing processes and textile finishing. The formic acid segment is expected to grow at a CAGR of 7.9% during the period of forecast.

Citric acid is another popular organic acid that has very strong physio-chemical properties. It has important biomedical applications and also as a disinfectant against many viruses.

Animal feed products are an important application of organic acids due to their positive effect on feed quality and animal performance. BASF SE offers Lupro-Mix, a blend of Propionic acid and formic acid, which is a popular animal feed product.

Since organic acids provide antimicrobial protection, they are helpful in self-care commercial products. Their popularity arises mainly out of the fact that they are cost-effective and safe in comparison to most other alternatives that have been developed.

Molasses are an important bio-based source for the production of organic acids. For example, organic acids from cane molasses have properties of the acids that are naturally occurring in cane juice. Aconitic acids and malic acids are the main categories derived.

The organic acids market is expected to have the maximum growth and product penetration in the food and beverages industry during the forecast period. This is primarily due to their preservation and flavour addition applications.

North America is an important region in the global organic acids market. Strong industrial set-ups in the region and the boom in the shale oil and gas sector is expected to fuel the demand for organic acids in the North American markets.

Asia Pacific will be registering the highest CAGR as a market for organic acids. This is because of the presence of key market players like India and China, that have an extensively expanding food and pharmaceuticals industry. The regulatory norms are also lenient, which contributes to the ease of doing business.

To know more about the report @ https://www.reportsanddata.com/report-detail/organic-acids-market

Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics

3.1. Increasing consumer spending on food and beverages

3.2. Growing adoption of scientific food techniques

3.3. Rising usage in the pharmaceuticals industry

Chapter 4. Organic Acids Segmentation & Impact Analysis

4.1. Organic Acids Segmentation Analysis

4.2. Organic Acids Market Value Chain Analysis, 2016-2026

4.3. Regulatory framework

4.4. Organic Acids Market Impact Analysis

Continued….

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#Organic Acids Market #Organic Acids Market Trends #Organic Acids Market Size

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marketrevenueba · 3 years ago

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Itaconic Acid Market Growth Rate,Company Profiles, Revenue Share Analysis, 2020–2026

The Global Itaconic Acid Market report gives a holistic view of the prevalent trends in the industry, market valuation, and the leading vendors to help the readers assess the products and services, hence realizing their revenue generation goals and cost-effectiveness of their investment.

The global Itaconic Acid Market is forecast to reach USD 121.9 Million by 2026, according to a new report by Reports and Data. Itaconic Acid or methylidenesuccinic acid is an organic compound, which is soluble in water. This dicarboxylic acid is a white solid, and it is obtained by the distillation of citric acid. But currently, the fermentation process is more popular among the processes. This chemical has usage in SRB latex, synthetic latex, chillant dispersant agent, and superabsorbent polymers.

Increasing demand for bio-based unsaturated polyester resin are propelling the market growth.

The market for Itaconic Acid is influenced by the rising demand for skincare products, the evolution of environment friendly chemicals required by end-use industries, and increasing demand for bio-based unsaturated polyester resin.

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Top companies profiled in the report include:

Itaconix Corporation, Qingdao Langyatai Group Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Jinan Huaming Biochemistry Co. Ltd., Iwata Chemical Co., Ltd., Alpha Chemika, Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Chengdu Jinkai Biology Engineering Co., Ltd., and Ronas Chemicals Ind. Co., Ltd. among others.

Itaconic Acid Industry Overview

The global materials & chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty & personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food & beverage industries, buildings & construction, automotive, packaging, and manufacturing industries. Other major factors driving growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.

To know more about the report @ https://www.reportsanddata.com/report-detail/itaconic-acid-market

Global Itaconic Acid Market Segmentation:

Process Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)

Synthesis

Fermentation

Derivatives Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)

Styrene Butadiene

Methyl Methacrylate

Polyitaconic Acid

Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)

SBR Latex

Synthetic Latex

Chillant Dispersant Agent

Superabsorbent Polymer

Others

Regional Analysis covers:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Canada

Mexico

Germany

Italy

Rest of EU

India

China

Japan

South Korea

Rest of APAC

Brazil

Argentina

Rest of Latin America

Saudi Arabia

South Africa

UAE

Rest of MEA

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Reasons for Purchasing the Global Itaconic Acid Market Report:

The report gives a detailed description of different market elements and the changing competitive landscape, helping the reader gain a competitive edge.

It also takes a holistic approach to give a 360° view of the industry, listing the drivers and restraints existing in the market.

The Global Itaconic Acid Market intelligence report offers accurate market insights for a period of eight years, which have been derived after an in-depth evaluation of industry-wide data.

The data provided in the report is intended to help readers make business decisions to capitalize on the existing opportunities in the key market segments and sub-segments.

About Us: We are a boutique market intelligence and strategic consulting firm dedicated to make an meaningful impact on businesses across the globe. Our stellar estimation and forecasting models have earned recognition across majority of the business forum across the globe. Our services are arrayed over diverse sectors and industries looking to expand in alternative regions and products.

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#Itaconic Acid Market Itaconic Acid Industry Itaconic Acid Market size Itaconic Acid Market share Itaconic Acid Market trend Itaconic Acid Ma

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updatemarketanalysisreport · 3 years ago

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Bio-based Platform Chemicals Market: Top Manufactures, Analysis by Recent Trends, Share, Size , Growth by to 2026

According to the latest report by IMARC Group, titled “Bio-Based Platform Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global bio based platform chemicals market size is expected to exhibit strong growth during 2021-2026. Looking forward, IMARC Group expects the global bio-based platform chemicals market to grow at a CAGR of around 10% during 2021-2026. Bio-based platform chemicals refer to a group of twelve building block chemicals that are produced from sugar using biological conversions. They consist of molecules with different functional groups that can be potentially transformed into other high-value chemicals. Amino acid, carboxylic acid, butanediols, ethanol, short-chain olefin, polymers like alginate and xanthan gum, isoprene, propane, and industrial enzymes are some of the bio-based platform chemicals. They form an essential raw material for manufacturing other chemicals with superior functionalities.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Global Bio-based Platform Chemicals Market Trends:

The global bio-based platform chemicals market is primarily driven by growing concerns regarding environmental pollution and depleting fossil fuels. In line with this, governments of various nations have implemented stringent regulations to curb the use of conventional petroleum-based products that cause harmful effects on the environment. As a result, there has been an increased demand for bio-based platform chemicals for manufacturing bio-fertilizers, biocides, and chemical formulations that are biodegradable and eco-friendly in nature. Apart from this, bio-based platform chemicals are also utilized in the pharmaceutical and chemical industries. For instance, bio-itaconic acid (IA) is used to manufacture shampoos, detergents, and several pharmaceutical products as it can dissolve in various alcohols, such as ethanol, propanol and methanol. Besides this, manufacturers are conducting extensive research and development (R&D) activities to introduce new products using renewable feedstock.

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Key Market Segmentation:

Competitive Landscape With Key Players

Phase One

Hasselblad

Leica.

Breakup by Regional Insights:

North America

Europe,

Asia Pacific

Latin America

The Middle East and Africa.

Key Highlights of the Report:

Market Performance (2015-2020)

Market Outlook (2021- 2026)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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sunnysharma21120 · 4 years ago

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Itaconic Acid Market Will Create New Growth Outlook In The Next Coming Years | Itaconix Corporation, Alpha Chemika, Thermo Fisher Scientific., Merck KGaA

Itaconic Acid Market research analysis is one of the best ways that answers business challenges more quickly and also saves your lot of time. The study of this market research report covers a market attractiveness analysis, wherein each segment is targeted based on its market size, growth rate, and general attractiveness. This market research report is generated by taking into account a range of objectives of market research that are vital for the client’s success. Moreover, big sample sizes are used for the data collection which suits the need of small, medium as well as large size of businesses.

Request Sample Copy of this research study at – https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-itaconic-acid-market

The top key players profiled in this report include: Itaconix Corporation, Qingdao Kehai Biochemistry Co., LTD., Zhejiang Guoguang Biochemistry Co.,Ltd., Alpha Chemika, AEKYUNG PETROCHEMICAL Co., Ltd, Ronas Chemicals Ind. Co., Ltd., Ultimate Chem India Pvt. Ltd, Choice Organochem Llp., FUSO CHEMICAL CO., LTD., Alfa Aesar, Thermo Fisher Scientific., Merck KGaA, Henan Haofei Chemical Co.,Ltd., Haihang Industry Co., Ltd, Hefei TNJ Chemical Industry Co.,Ltd., Spectrum Chemical Manufacturing Corp, FUJIFILM Wako Pure Chemical Corporation, among other.

Global Itaconic Acid Market Scenario

Itaconic acid market is expected to reach USD 127.04 million by 2027 growing at a growth rate of 4.20% in the forecast period 2020 to 2027. Increasing usage in agricultural applications and advancement in the bio- based PMMA are the factor for the market growth.

The COVID-19 pandemic has affected every aspect of life worldwide. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

Global Itaconic Acid Market Outlook:

Itaconic acid is colorless crystalline carboxylic acid which usually develops naturally. They are usually non-toxic in nature and are biodegradable. They are widely used in application such as synthetic latex, cheland dispersant agent, unstable polyester resin, detergent builder, methyl methacrylate and SBR latex.

Growing prevalence for bio-based unsaturated polyester resin and rising awareness about the benefits of itaconic acid are the factor which is positively affecting the market growth. Increasing popularity of sustainable products will also propel the market growth. Itaconic acid is an organic compound that can be easily degraded and does not pose a threat to the environment; which is another factor contributing to drive its growth in the market. Increasing R& D investment to produce more innovative product will further create new opportunities for this market to grow in the forecast period of 2020- 2027.

Which Important Market Factors Are Explained In The Report?

This market report has been mainly designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI). Furthermore, this research report takes into consideration several industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. The data, information, statistics, facts and figures covered in the Itaconic Acid report lends a hand to industry in maximizing or minimizing the production of goods depending on the conditions of demand.

The Itaconic Acid Market segments and Market Data Break Down are illuminated below:

By Derivative (Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic Acid, Others)

Application (SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymer, Unsaturated Polyester Resins, Methyl Methacrylate, Detergent Builder, Others)

Have Any Query Speak to Analyst @ https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-itaconic-acid-market

Focal Points of the Report:

Market Coverage: This section of the report gives a detailed account of the key manufacturers, market segments, product scope, product range, forecast period, and application landscape.

Executive Summary: This chapter focuses on the market growth rate, significant market drivers and restraints, current market trends, and competitive outlook.

Regional Analysis: This section delves into the latest import and export trends of the market, production and consumption ratio, the leading market players in each region, and revenue generation.

Manufacturers' Portfolio: Complete portfolios of all the local and global manufacturers, along with the SWOT analysis, production value and capacity, product catalogue, and other important details of their businesses, constitute this section of the report.

Table of Content: Global Itaconic Acid Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Itaconic Acid Market Landscape

Part 04: Global Itaconic Acid Market Sizing

Part 05: Global Itaconic Acid Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For More Insights Get Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-itaconic-acid-market

Key Regions and Countries Studied in this report:

North America (The US, Canada, and Mexico)

Europe (Germany, France, the UK, and Rest of the World)

Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

Latin America (Brazil and Rest of Latin America.)

Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?

2. What are the key driving forces responsible for shaping the fate of the Itaconic Acid market during the forecast period?

3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Itaconic Acid market?

4. What are the prominent market trends influencing the development of the Itaconic Acid market across different regions?

5. What are the major threats and challenges likely to act as a barrier in the growth of the Itaconic Acid market?

6. What are the major opportunities the market leaders can rely on to gain success and profitability?

The 2020 Annual Itaconic Acid Market offers:

100+ charts exploring and analysing the Itaconic Acid Market from critical angles including retail forecasts, consumer demand, production and more

10+ profiles of top Itaconic Acid Market producing states, with highlights of market conditions and retail trends

Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

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pearlsmith25 · 11 months ago

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Itaconic Acid Market Report 2023: Opportunities, Challenges, and Future Outlook

Itaconic acid is an organic compound produced as a fermentation product. It is mainly used as a comonomer in the production of synthetic latex for applications in paints, adhesives, detergents, and others. The global itaconic acid market provides a unique platform for manufacturers to develop environment-friendly and sustainable products. Itaconic acid is known for its biodegradability and is used as a replacement for petroleum-based acrylic acid in various applications.

The global itaconic acid market is estimated to be valued at US$ 134.1 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics: One of the key drivers for the growth of the itaconic acid market is the increasing demand from synthetic latex production. Itaconic acid is majorly used as a comonomer in the production of synthetic latexes. Synthetic latexes find wide applications in adhesives, paints, technical products, paper, and carpet backing due to their properties like flexibility, tensile strength, and resistance to degradation. Itaconic acid helps enhance the water-resistance and bonding properties of synthetic latexes. The growing paints and adhesives industry is expected to boost the consumption of synthetic latexes which in turn will drive the demand for itaconic acid over the forecast period. Furthermore, itaconic acid has gained popularity as a substitute for petroleum-based acrylic acid due to its sustainability credentials and biodegradability. The shifting preference towards bio-based products is expected to promote the use of itaconic acid across various end-use industries during the forecast period.

SWOT Analysis

Strength: Itaconic acid is used in various end-use industries like construction, agriculture, healthcare, coatings, and packagings. It can be used as an alternative to synthetic petroleum-based polymers and plastics. It has a robust demand and versatile applications. The production process for itaconic acid is eco-friendly and sustainable as it is derived from renewable resources such as corn, starch, and cellulose through fermentation.

Weakness: The fluctuating prices of raw materials used for producing itaconic acid can hamper its production process and pricing stability. Itaconic acid possesses certain hazardous properties if not handled carefully during production, storage, and transportation as concentrated itaconic acid is moderately toxic and corrosive in nature.

Opportunity: The growing demand for bio-based and sustainable polymers from industries is fueling the market growth for itaconic acid. Key players are investing in R&D to widen the application scope of itaconic acid in resins, adhesives, coatings, etc. Stringent environmental regulations on petroleum-based polymers offer an opportunity for itaconic acid to be used as a sustainable replacement.

Threats: Availability of substitutes like citric acid, succinic acid pose threat to the itaconic acid market. Volatility in corn and feedstock prices directly impacts production costs. Developing low-cost production technologies remains a challenge.

Key Takeaways

The global itaconic acid market is expected to witness high growth over the forecast period owing to increasing use in construction polymers, agricultural chemicals and coatings. The global itaconic acid market is estimated to be valued at US$ 134.1 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030.

Regional analysis: Asia Pacific dominates the global itaconic acid market and is expected to grow at the fastest rate during the forecast period. This is attributed to growth of end-use industries in China, India and other Southeast Asian countries. Key market players are expanding their production capacities across Asia to leverage rising regional demand.

Key players: Key players operating in the itaconic acid market are Itaconix Corporation, Jinan Huaming Biochemistry Co. Ltd., Qingdao Langyatai Group Co. Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Chengdu Jinkai Biology Engineering Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Iwata Chemical Co., Ltd., Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Spectrum Chemical Manufacturing Corp., FUJIFILM Wakao Pure Chemical Corporation, Ultimate Chem India Pvt. Ltd., Choice Oraganochem Lip., and Alfa Aesar. Itaconix Corporation is one of the leading players with wide production capacity and global footprint.

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marketnewtrend · 4 years ago

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Global Itaconic Acid Market Research Report Based on Technology Advancement, Application and Outlook Analysis Report 2020

Itaconic Acid is the type of bio-based product, also referred as methyl succinic acid, which is found by distillation process of citric acid, that is an organic component, and it is used for the production of acrylate latexes and acrylonitrile butadiene. Itaconic Acid Market is the niche market due to its limited consumption in various end use industries on availability of large number of substitute. Itaconic Acid is used for production of a styrene butadiene rubber, deodorants, adhesives, unsaturated polyesters, reinforced glass fibers, polyesters resins, fabric binders, ion exchange resins and organosiloxanes. Also, Itaconic Acid is applied for manufacturing of SBR latex, used in construction sector cement, motors, and coats.

Increase in trend of eco- friendly products due to increase in awareness towards green house emission is expected to boost the global itaconic acid market growth, during this forecast period. Itoconic acid is bio-degradable and non-toxic in nature which is used to manufacturing of sealants, finishing agents, paints and coatings, adhesives. Furthermore, rise in demand for the production of fiber reinforced polymer (FPR) composites, pipes, laminating resins, and electrical cabinets are expected to propel the global itaconic acid. Moreover, increase in usage of itconic acid in cosmetic products will have the global itaconic acid market growth.

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Market Key Players

Various key players are discussed in this report such as Qingdao Langyatai (Group) Co., Ltd, Chengdu Jinkai Biology Engineering Co., Ltd, Jinan Huaming Biological Technology Co., Ltd, Shandong Kaison Biochemical Co., Ltd, Zhejiang Guoguang Biochemistry Co., Ltd, and Others.

Market Taxonomy

By Type

Synthesis

Fermentation

By Application

Plasticizer

Lubricating Oil Additive

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

Browse Full Research Report @ https://qualiketresearch.com/reports-details/Itaconic-Acid-Market

About Us

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.

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databridgemarket456 · 2 years ago

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Bio-Based Itaconic Acid Market Share, Regional Outlook, Scope, & Insight by 2027

Global Bio-Based Itaconic Acid Market Scope and Market Size

Bio-based itaconic acid market is segmented on the basis of derivative and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of derivative, the bio-based itaconic acid market is segmented into styrene butadiene itaconic acid, methyl methacrylate, polyitaconic acid and other.

Bio-based itaconic acid is segmented on the basis of application into SBR latex, synthetic latex, chelant dispersant agent, superabsorbent polymer, unsaturated polyester resins, methyl methacrylate, detergent builder and others.

Get the sample copy of the report here:

Market Analysis and Insights: Global Bio-Based Itaconic Acid Market

The changing trend towards eco-friendly products due to growing awareness regarding greenhouse emissions will help impact the bio-based itaconic acid market growth in the forecast period of 2020 to 2027. The rising incidence for bio-based unsaturated polyester resin, growing awareness concerning the benefits of itaconic acid and rising application scope in manufacturing adhesives and sealants are some of the factors that will fuel the growth of the market. Moreover, technological advancements in bio-based pmma and increasing R& D investment will cater ample opportunities that will lead to the growth of the market in the above mentioned forecast period.

Availability of low cost substitutes is expected to be as the restraining factor to the growth of bio-based itaconic acid market in the forecast period of 2020 to 2027.

This bio-based itaconic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research bio-based itaconic acid market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Bio-Based Itaconic Acid Market Country Level Analysis

Bio-based itaconic acid market is analyzed and market size, volume information is provided by country derivative and application as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Bio-Based Itaconic Acid Market Share Analysis

Bio-based itaconic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bio-based itaconic acid market.

Major players covered in the bio-based itaconic acid market

The major players covered in the bio-based itaconic acid market report are Thermo Fisher Scientific., Itaconix Corporation, Qingdao Kehai Biochemistry Co., LTD., AEKYUNG PETROCHEMICAL Co., Ltd, Zhejiang Guoguang Biochemistry Co.,Ltd., Spectrum Ultimate Chem India Pvt. Ltd, Alpha Chemika, Haihang Industry Co., Ltd, Ronas Chemicals Ind. Co., Ltd., Hefei TNJ Chemical Industry Co.,Ltd., Alfa Aesar, Merck KGaA, Choice Organochem Llp., FUSO CHEMICAL CO., LTD., Henan Haofei Chemical Co.,Ltd., Chemical Manufacturing Corp and FUJIFILM Wako Pure Chemical Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: bio-based itaconic acid market

Get TOC Details

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#Bio-based itaconic acid market #Bio-based itaconic acid market scope #Bio-based itaconic acid market demand #Bio-based itaconic acid market analysis #Bio-based itaconic acid market invest #Bio-based itaconic acid market trend #Bio-based itaconic acid market share

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petnews2day · 2 years ago

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Biobased Chemicals, Materials, Polymers, Plastics, Paints & Coatings and Fuel Global Market to 2033

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/biobased-chemicals-materials-polymers-plastics-paints-coatings-and-fuel-global-market-to-2033/

Biobased Chemicals, Materials, Polymers, Plastics, Paints & Coatings and Fuel Global Market to 2033

Company Logo

The many processes to convert biomass components to value-added products and fuels can be classified broadly as biochemical or thermochemical.

Contents include:

In-depth market analysis of bio-based chemical feedstocks, biopolymers, bioplastics, natural fibers and lignin, biofuels and bio-based coatings and paints.

Global production capacities, market volumes and trends,current and forecast to 2033.

Analysis of market for biofuels.

Analysis of types of natural fibers including plant fibers, animal fibers including alternative leather, wool, silk fiber and down and polysaccharides.

Markets for natural fibers, including composites, aerospace, automotive, construction & building, sports & leisure, textiles, consumer products and packaging.

Production capacities of lignin producers.

In depth analysis of biorefinery lignin production.

Analysis of the market for bio-based, sustainable paints and coatings.

Profiles of over 800 companies.

Story continues

Key Topics Covered:

1 EXECUTIVE SUMMARY

2 RESEARCH METHODOLOGY

7 LIGNIN 7.1 INTRODUCTION 7.2 LIGNIN PRODUCTON PROCESSES 7.3 MARKETS FOR LIGNIN 7.4 COMPANY PROFILES (75 company profiles)

8 BIOBASED AND RENEWABLE FUELS 8.1 BIOFUELS 8.2 ELECTROFUELS (E-FUELS) 8.3 GREEN AMMONIA 8.4 COMPANY PROFILES (114 company profiles)

10 REFERENCES

For more information about this report visit https://www.researchandmarkets.com/r/dbzix6

#Pet Financial News

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ritukhatri · 4 years ago

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Bio-based Platform Chemicals Market to grow by USD 2.11 billion during 2020-2024

The bio-based platform chemicals market size has the potential to grow by USD 2.11 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (bio-1 4 diacids, bio-glycerol, bio-glutamic acid, bio-3-HPA, and bio-itaconic acid) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BASF SE, Braskem SA, DuPont Tate & Lyle Bio Products Company LLC, Evonik Industries AG, IP Group Plc, Koninklijke DSM NV, LyondellBasell Industries NV, Merck KGaA, Parchem fine & specialty chemicals Inc., and PTT Global Chemical Public Co. Ltd.

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Market Competitive Analysis The market is fragmented. BASF SE, Braskem SA, and DuPont Tate & Lyle Bio Products Company LLC are some of the major market participants. Vendors compete based on factors such as innovation, price, operational cost, and product quality. Also, some of the players can drive down the market prices because their costs are lower than that of their competitors. Although the volatility in crude oil prices will offer immense growth opportunities, the threat of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this bio-based platform chemicals market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this bio-based platform chemicals market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

BASF SE Braskem SA DuPont Tate & Lyle Bio Products Company LLC Evonik Industries AG IP Group Plc Koninklijke DSM NV LyondellBasell Industries NV Merck KGaA Parchem fine & specialty chemicals Inc. PTT Global Chemical Public Co. Ltd. Bio-based Platform Chemicals Market: Segmentation by Geography

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APAC was the largest bio-based platform chemicals market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the shift in consumer preference toward environment-friendly products and the growing concerns regarding sustainability and effects of petroleum-based synthetic chemicals will significantly drive bio-based platform chemicals market growth in this region over the forecast period.

40% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for bio-based platform chemicals in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Bio-based Platform Chemicals Market: Segmentation by Chemical Type

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The growing demand from the transportation, lubricants, and textile industries for the production of intermediates, such as resins, pH-control agents, and crosslinkers, is expected to drive the demand for bio-based platform chemicals during the forecast period. Therefore, the bio-based platform chemicals market share growth by the bio-1 4 diacids segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the bio-based platform chemicals market size.

Bio-based Platform Chemicals Market: Key Drivers and Trends Technavio’s market research analyst predicts the global bio-based platform chemicals market to grow steadily at a CAGR of over 11% by 2024. One of the primary factors driving the market growth is the high volatility of crude oil prices. The oil and gas industry is one of the major suppliers of raw materials to the platform chemicals market. Consequently, fluctuations in the crude oil prices affect the prices of the raw materials considerably, thereby affecting the costs of platform chemicals. In 2015, there was a significant drop in crude oil prices compared with the previous year. This has compelled vendors to seek alternative solutions to maintain their profit margins, thereby reducing the use of petroleum-derived feedstock chemicals. Also, the continuous supply of raw materials could be negatively affected by adverse weather conditions, national emergencies, natural disasters, supply shortages, and other events. Price fluctuations and non-availability of raw materials can affect the cost of the products and operations of the vendors. The above-mentioned factors are expected to play a crucial role in driving growth in the global bio-based platform chemicals market during the forecast period.

The sudden rise in the demand for bio-based succinic acid is one of the latest bio-based platform chemicals market trends gaining traction. Bio-based succinic acid is used as a substitute for adipic acid due to its environment-friendly nature and low volatile organic compounds (VOC) emissions. The major application area of this compound is in biodegradable plastics that are suitable for manufacturing packaging products such as single-use dishes, garbage bags and carrier bags, and packaging film or bottles. Moreover, the attractive applications for bio-based succinic acid in nonwovens and fibers, automotive engineering, textile, and other industries due to its lightweight and stability is expected to foster growth in the global bio-based platform chemicals market in the coming years.

#Bio-based Platform Chemicals Market #Bio-based Platform Chemicals Market News #Bio-based Platform Chemicals Market Growth #Bio-based Platform Chemicals Market application

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businessconsultingarticle · 3 years ago

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Organic Acids Market Growth Factors, Trends, Key Companies, Forecast To 2026

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Companies considered and profiled in this market study Cargill, Aryan International, Novus, BASF SE, Tate & Lyle, Dow Chemical Company, Eastman Chemical Company, Corbion, Myriant Corporation, Zhengzhou Best Cooperation, among others

For the purpose of this study, Reports and Data have segmented the Organic Acids market on the basis of product type, source type, application, and region:

Product Type (Revenue, USD Million; 2016–2026)

Formic Acid

Citric Acid

Lactic Acid

Acetic Acid

Gluconic Acid

Itaconic Acid

Others

Propionic Acid

Succinic Acid

Pyruvic Acid

Source Type (Revenue, USD Million; 2016–2026)

Biomass

Molasses

Starch

Chemical Synthesis

Agro-Industrial Residue

Application (Revenue, USD Million; 2016–2026)

Food and Beverages Industry

Animal Feed

Chemical Industry

Pharmaceuticals

Personal Care

Agriculture

Others

Regional Outlook (Revenue in USD Million; 2016–2026)

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

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Further key findings from the report suggest-

Citric acid is another popular organic acid that has very strong physio-chemical properties. It has important biomedical applications and also as a disinfectant against many viruses.

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Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers details about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.

Market Scenario, Size, and Forecast: The report covers macro and micro-economic factors that are anticipated to affect market growth and dynamics. Along with this, the report also offers insights into the social, political, economic, and legal aspects that are anticipated to influence the growth of the market. Moreover, the report provides a thorough analysis of the size in terms of value and volume and offers an accurate forecast of the market growth and expansion till 2027.

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#Organic Acids Market #Organic Acids Market Trends #Organic Acids Market Size

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