Global Itaconic Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
Segmented by Application;
Synthetic Latex, Unsaturated Polyester Resin (UPR), Detergents, Superabsorbent Polymers (SAP) and Others.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Itaconic Market (USD Million), 2020 - 2030
# | Global |
---|---|
2020 | 66.2 |
2021 | 78.3 |
2022 | 90.1 |
2023 | 103.5 |
2024 | 121.6 |
2025 | 125.3 |
2026 | 140.6 |
2027 | 153.6 |
2028 | 173.7 |
2029 | 198.8 |
2030 | 217.9 |
In the year 2023, the Global Itaconic Market was valued at USD 104.94 million. The size of this market is expected to increase to USD 135.34 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.7%.
Global Itaconic Market Report Snapshot
Parameters | Description |
---|---|
Market | Global Itaconic Market |
Study Period | 2020 - 2030 |
Base Year (for Itaconic Market Size Estimates) | 2023 |
Study Scope |
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Market Segmentation |
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Geographical Coverage |
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Company Coverage |
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Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Itaconic Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Itaconic Market Analysis
In this report, the Global Itaconic Market has been segmented by Application and Geography.
Global Itaconic Market, Segmentation by Application
The Global Itaconic Market has been segmented by Application into Synthetic Latex, Unsaturated Polyester Resin (UPR), Detergents, Superabsorbent Polymers (SAP) and Others. The complete Global Itaconic Market segmentation by Application can be seen below:
- Global Itaconic Market, By Application
- Synthetic Latex
- Unsaturated Polyester Resin (UPR)
- Detergents
- Superabsorbent Polymers (SAP)
- Others
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Applications mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Application is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Itaconic Market, by Application (USD Million), 2020 - 2030
# | Synthetic Latex | Unsaturated Polyester Resin (UPR) | Detergents | Superabsorbent Polymers (SAP) | Others |
---|---|---|---|---|---|
2020 | 61.8 | 96.1 | 69.7 | 95.9 | 94.0 |
2021 | 69.0 | 108.9 | 72.5 | 107.3 | 106.9 |
2022 | 77.0 | 114.7 | 81.7 | 127.2 | 108.2 |
2023 | 85.7 | 114.8 | 82.7 | 142.8 | 115.1 |
2024 | 101.0 | 134.3 | 92.4 | 148.1 | 117.2 |
2025 | 102.5 | 134.8 | 109.1 | 150.6 | 131.7 |
2026 | 104.5 | 145.0 | 115.2 | 163.8 | 133.3 |
2027 | 110.8 | 148.2 | 129.8 | 182.2 | 148.5 |
2028 | 115.2 | 154.8 | 146.9 | 213.8 | 170.3 |
2029 | 115.3 | 180.5 | 162.4 | 251.1 | 200.8 |
2030 | 123.7 | 211.9 | 162.6 | 300.7 | 237.1 |
Global Itaconic Market, Segmentation by Geography
In this report, the Global Itaconic Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Itaconic Market Share (%), by Geographical Region, 2023
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Itaconic Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.
This report also provides an analysis of why the market size of Itaconic in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Itaconic Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The growth of the Global Itaconic Market is driven by; Increasing application of superabsorbent polymers (SAP) in several end-user industries to drive the itaconic acid market, Increasing demand for unsaturated polyester resins (UPR) to boost market growth and Rising usage of itaconic acid in production of bio-based methyl methacrylate (MMA) to bolster market.
- While the growth of Global Itaconic Market is currently hindered by; Limited exploration of technology leads to high cost of production and Narrow potential of itaconic acid as drop-in replacement in application industries hampers market growth.
- Global Itaconic Market has good growth potential in the future due to the new market opportunities that are being created. The opportunities in this market include; High growth opportunities for itaconic acid manufacturers in coatings and adhesives application.
- Increasing application of superabsorbent polymers (SAP) in several end-user industries to drive the itaconic acid market.
- Increasing demand for unsaturated polyester resins (UPR) to boost market growth.
- Rising usage of itaconic acid in production of bio-based methyl methacrylate (MMA) to bolster market.
- Limited exploration of technology leads to high cost of production, thus impeding market growth.
- Narrow potential of itaconic acid as drop-in replacement in application industries hampers market growth.
- High growth opportunities for itaconic acid manufacturers in coatings and adhesives application.
Market Opportunity Map
This report provides market opportunity map for Itaconic Market. The opportunity map (by market segments; Application) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global Itaconic Market, Opportunity Map, By Region (2020 - 2030)
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Itaconic Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Itaconic Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Itaconic Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Suppliers
Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Itaconic Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
---|---|---|---|---|
10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Itaconic Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
---|---|---|---|---|
20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Itaconic Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
---|---|---|---|---|---|
2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Itaconic Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
---|---|---|---|---|
5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Itaconic Market include, Itaconix Corporation, Chengdu Jinkai Biology Engineering Co., Ltd., Shandong Qingdao Langyatai (Group) Co., Ltd., Nanjing Huajin Biologicals Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Shandong Kaison Biochemical Co., Ltd., Spectrum Chemical Manufacturing Corp, Zhejiang Guoguang Biochemistry Co. and Alpha Chemika.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
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Product 1/Service 1 | ||||||||||
Product 2/Service 2 | ||||||||||
Product 3/Service 3 | ||||||||||
Product 4/Service 4 | ||||||||||
Product 5/Service 5 | ||||||||||
Product 6/Service 6 | ||||||||||
Product 7/Service 7 | ||||||||||
Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Opportunity Map
- Global Itaconic Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing application of superabsorbent polymers (SAP) in several end-user industries to drive the itaconic acid market
- Increasing demand for unsaturated polyester resins (UPR) to boost market growth
- Rising usage of itaconic acid in production of bio-based methyl methacrylate (MMA) to bolster market
- Restraints
- Limited exploration of technology leads to high cost of production, thus impeding market growth
- Narrow potential of itaconic acid as drop-in replacement in application industries hampers market growth
- Opportunities
- High growth opportunities for itaconic acid manufacturers in coatings and adhesives application
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Itaconic Market, By Application, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Synthetic Latex
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Unsaturated Polyester Resin (UPR)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Detergents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Superabsorbent Polymers (SAP)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Synthetic Latex
- Global Itaconic Market, By Geography, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Japan
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- GCC
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Brazil
- North America
- Global Itaconic Market, By Application, 2022 - 2032 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Itaconix Corporation
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Chengdu Jinkai Biology Engineering Co., Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Shandong Qingdao Langyatai (Group) Co., Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Nanjing Huajin Biologicals Co., Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Ronas Chemicals Ind. Co., Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Shandong Kaison Biochemical Co., Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Spectrum Chemical Manufacturing Corp
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Zhejiang Guoguang Biochemistry Co., Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Alpha Chemika
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Itaconix Corporation
- Analyst Views
- Future Outlook of the Market
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