The Bio-based Itaconic Acid market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
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.
In the global Bio-based Itaconic Acid market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
DSM Netherlands
Chengdu Lucky Biology Engineering Industry Co., Ltd.
Itaconix LLC.
Lucite International Group
Nanjing Huajin Biologicals Co., Ltd.
Qingdao Langyatai Group Co., Ltd.
Market Segment by Product Type:
Styrene Butadiene Itaconic Acid
Methyl Methacrylate
Polyitaconic Acid
Others
Market Segment by Application:
Adhesives
Sealants
Finishing Agents
Paints and Coatings
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Bio-based Itaconic Acid market for the forecast period 2020 - 2025?
• What are the driving forces in the Bio-based Itaconic Acid market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Bio-based Itaconic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?