Chemicals and Materials Itaconic Acid Market New | Page 2

SBR latex, synthetic latex, chillant dispersant agent, and superabsorbent polymers are the
major consumers of itaconic acid across the globe. The superabsorbent polymers
application segment of the Itaconic Acid Market is projected to grow at the highest CAGR
between 2017 and 2022. With the increase in the standard of living, the demand for better
quality products is expected to increase substantially. The rise in the demand for cosmetics
and skincare, personal care, and hygiene products is anticipated to drive the demand for
itaconic acid in the superabsorbent polymers application between 2017 and 2022.
The Asia Pacific Itaconic Acid Market is projected to grow at the highest CAGR during
the forecast period.
The Asia Pacific Itaconic Acid Market is projected to grow at the highest CAGR from 2017 to
2022. The growth of the Asia Pacific Itaconic Acid Market can be attributed to the increased
use of itaconic acid in various applications, as it offers improved bond & tensile strength,
good adhesion, reduction in the use of expensive coating color additives, etc. Due to the
increasing FDI in various industries in the Asia Pacific region, the demand for itaconic acid
from the region is expected to rise during the forecast period.
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The value chain of the itaconic acid market includes manufacturers, such as Itaconix
Corporation (UK), Alpha Chemika (India), Qingdao Langyatai (China), etc. Manufacturers of
itaconic acid supply their products to various end-use industries, such as paper coating,
paper processing, skin care, detergent, medical equipment, etc.
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