The increasing utilization of itaconic acid in the manufacture of fabric binders, reinforced glass fiber, polyitaconic acid (PIA), deodorants, adhesives, plastics & coatings, artificial jewelry, carpets, and others is likely to fuel market growth. Also, stringent government regulations to promote bio-based chemicals due to environmental concerns across the globe are fueling the overall market growth. Non-toxic properties of itaconic acid and its increasing use in skincare & personal care products are the major factors boosting the market.
Market Industry Reports (MIR) has published a new report titled "Itaconic acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030." According to the report, the global itaconic acid market accounted for over US$94.03 million in 2019. It is anticipated to grow at a CAGR of 4.5% from 2020 to 2030.Major Key Players of the Itaconic Acid Market are:
AEKYUNG PETROCHEMICAL Co., Ltd, Zhejiang Guoguang Biochemistry Co.,Ltd., Qingdao Kehai Biochemistry Co., LTD., Itaconix Corporation, IWATA CHEMICAL CO., LTD., Chengdu Jinkai Biology Engineering Co., Ltd and Ronas Chemicals Ind.Co.,Ltd, among others.
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