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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.
Market Analysis and Insights: Global Bio-based Itaconic Acid Market
The global Bio-based Itaconic Acid market is valued at US$ 75 million in 2019. The market size will reach US$ 88 million by the end of 2026, growing at a CAGR of 2.3% during 2021-2026.
Global Bio-based Itaconic Acid Scope and Segment
Bio-based Itaconic Acid market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bio-based Itaconic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Styrene Butadiene Itaconic Acid
Methyl Methacrylate
Polyitaconic Acid
Others
Segment by Application
Adhesives
Sealants
Finishing Agents
Paints and Coatings
Others
By Company
DSM Netherlands
Chengdu Lucky Biology Engineering Industry Co., Ltd.
Itaconix LLC.
Lucite International Group
Nanjing Huajin Biologicals Co., Ltd.
Qingdao Langyatai Group Co., Ltd.
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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.
Market Analysis and Insights: Global Bio-based Itaconic Acid Market
The global Bio-based Itaconic Acid market is valued at US$ 75 million in 2019. The market size will reach US$ 88 million by the end of 2026, growing at a CAGR of 2.3% during 2021-2026.
Global Bio-based Itaconic Acid Scope and Segment
Bio-based Itaconic Acid market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Bio-based Itaconic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Styrene Butadiene Itaconic Acid
Methyl Methacrylate
Polyitaconic Acid
Others
Segment by Application
Adhesives
Sealants
Finishing Agents
Paints and Coatings
Others
By Company
DSM Netherlands
Chengdu Lucky Biology Engineering Industry Co., Ltd.
Itaconix LLC.
Lucite International Group
Nanjing Huajin Biologicals Co., Ltd.
Qingdao Langyatai Group Co., Ltd.
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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