The global Bio-based Itaconic Acid market was valued at 75.3 Million USD in 2021 and will grow with a CAGR of 2.34% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.

By Market Verdors:

DSM Netherlands

Chengdu Lucky Biology Engineering Industry Co., Ltd.

Itaconix LLC.

Lucite International Group

Nanjing Huajin Biologicals Co., Ltd.

Qingdao Langyatai Group Co., Ltd.

By Types:

Styrene Butadiene Itaconic Acid

Methyl Methacrylate

Polyitaconic Acid

By Applications:

Adhesives

Sealants

Finishing Agents

Paints and Coatings

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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