Itaconic Acid Market is Poised for Robust Growth by 2030 owing to low VOC emissions
Itaconic acid is a naturally occurring unsaturated organic acid. It is considered a platform chemical that can be produced sustainably from renewable feedstocks such as sugar or starch. The Global itaconic acid market size is estimated to be valued at US$ 134.1 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period of 2023 to 2030. Itaconic acid finds wide range of applications as dispersants, diverting agents, scale inhibitors, leather finishing agents, surfactants, and in the manufacture of plastics, artificial fibers and synthetic resins. It can be used as a monomer in the synthesis of plastic polymers such as acrylic resin, methacrylic resin, and copolymer resin. It can also serve as a cost-effective substitute for petroleum-derived methyl methacrylate. Growing demand from various end-use industries such as adhesives, sealants, coatings, plasticizers and pharmaceuticals is projected to fuel the growth of global itaconic acid market in the coming years. ...