Global Bio-Based Itaconic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Sugar, Syngas, Biogas, Oil, Algae, and Others.

By Derivative;

Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic Acid, and Others.

By Application;

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

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn852769595 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Bio-Based Itaconic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Bio-Based Itaconic Acid Market was valued at USD 1,195.28 million. The size of this market is expected to increase to USD 1,652.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.7%.

The global bio-based itaconic acid market is experiencing a notable expansion due to increasing environmental concerns and a shift towards sustainable chemical alternatives. Itaconic acid, traditionally derived from petrochemical sources, is now being produced from renewable biological sources. This shift aligns with global sustainability goals, as bio-based itaconic acid offers a greener, more eco-friendly option compared to its petroleum-based counterparts. Its application spans various industries, including plastics, textiles, and coatings, further driving the market's growth.

The market include the rising demand for bio-based polymers and resins, which are utilized in the production of biodegradable plastics and high-performance materials. Innovations in biotechnology and fermentation processes have made the production of bio-based itaconic acid more efficient and cost-effective. Additionally, supportive government regulations and incentives for sustainable practices are encouraging manufacturers to adopt bio-based alternatives, thus boosting market growth.

The bio-based itaconic acid market is witnessing significant developments in regions such as North America, Europe, and Asia-Pacific. These regions are focusing on advancing green chemistry technologies and fostering research and development activities. As consumer awareness regarding environmental impacts grows, the demand for bio-based products, including itaconic acid, is expected to rise, further shaping the market dynamics and leading to increased investment and innovation in this sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Derivative
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Bio-Based Itaconic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Awareness of Environmental Sustainability
        2. Growth in End-Use Industries (Coatings, Plastics, etc.)
        3. Government Support and Regulations Favoring Bio-Based Chemicals
        4. Technological Advancements in Bio-Based Production Processes
      2. Restraints
        1. Limited Availability of Raw Materials (Biomass)
        2. Fluctuating Prices of Feedstock
        3. Challenges in Scaling Up Production
        4. Competition from Synthetic Alternatives
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Growing Consumer Preference for Eco-Friendly Products
        3. Collaborations and Partnerships with Research Institutions
        4. Exploration of New Applications in Various Industries
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Bio-Based Itaconic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. Sugar
      2. Syngas
      3. Biogas
      4. Oil
      5. Algae
      6. Others
    2. Global Bio-Based Itaconic Acid Market, By Derivative, 2021 - 2031 (USD Million)
      1. Styrene Butadiene Itaconic Acid
      2. Methyl Methacrylate
      3. Polyitaconic Acid
      4. Others
    3. Global Bio-Based Itaconic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. SBR Latex
      2. Synthetic Latex
      3. Chillant Dispersant Agent
      4. Superabsorbent Polymer
      5. Unsaturated Polyester Resins
      6. Methyl Methacrylate
      7. Detergent Builder
      8. Others
    4. Global Bio-Based Itaconic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Braskem
      2. IP Group plc
      3. GFBiochemicals
      4. Reverdia
      5. GC Innovation America
      6. Cargill Incorporated
      7. Mitsubishi Chemical Corporation
      8. Ava Biochem BSL AG
      9. LyondellBasell Industries
  7. Analyst Views
  8. Future Outlook of the Market