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Itaconic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24442
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Itaconic Acid Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Itaconic Acid | Chemical | India | 1360 USD/MT |
The price of itaconic acid in India reached 1360 USD/MT in December 2023.
Itaconic Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Itaconic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of itaconic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of itaconic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of itaconic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing itaconic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Itaconic Acid Market Analysis
The global itaconic acid market size reached US$ 112.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 164.33 Million, at a projected CAGR of 4.30% during 2023-2032.
- The implementation of stringent safety regulations and the desire to protect lives and property from fire hazards is boosting the need for effective flame retardants, which represents one of the key factor driving the market growth. Itaconic acid is incorporated into flame retardant formulations, providing fire resistance to materials used in construction, textiles, and electronics.
- In addition to this, the widespread product adoption as helps improve the performance and durability of polymers. Consequently, the burgeoning growth of the industries that rely on high-performance materials like polymers, such as automotive, construction, and packaging are presenting lucrative opportunities for market expansion.
- Moreover, the growing demand from the agriculture industry, where itaconic acid is used to create biodegradable chelating agents for fertilizers and soil conditioners is propelling the market forward. These agents enhance nutrient availability and uptake by plants, improving crop yield and health. In line with this, the biodegradability of itaconic acid-based chelating agents ensures they do not accumulate in the soil, minimizing environmental impact and thus supporting the market expansion.
- Furthermore, the rising integration of itaconic acid as a crosslinker in polymer networks to improve the heat resistance, chemical resistance, and mechanical strength of materials used in resins, coatings, and adhesives is creating a positive outlook for market expansion. This characteristic is essential in industries where materials must withstand harsh conditions and maintain performance, such as automotive and aerospace applications.
- Another factor supporting the market growth is the widespread utilization of this acid in the pharmaceutical industry to develop drug delivery systems and bioactive compounds. The biocompatibility and biodegradability of itaconic acid make it suitable for medical applications, such as creating biodegradable implants and drug carriers. These carriers can improve the controlled release of medications, enhancing therapeutic outcomes.
- Besides this, the surging use of itaconic acid in photopolymerization processes to create light-curable polymers is presenting lucrative opportunities for market expansion. These polymers harden when exposed to light, making them ideal for applications such as three-dimensional (3D) printing, coatings, and dental materials. Their ability to rapidly cure under light exposure enhances production efficiency and allows for precise control over the curing process, thereby contributing to the increased market demand.
Itaconic Acid News
The report covers the latest developments, updates, and trends impacting the global itaconic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in itaconic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the itaconic acid price trend.
Latest developments in the itaconic acid industry:
- In February 2023, Itaconix, a renewable chemistry firm raised $12.7 million by selling approximately 200 million discounted shares. The funds are allocated for the expansion of the company’s product line and improve its manufacturing process.
Product Description
Itaconic acid is an organic compound derived from the fermentation of sugars. The compound appears as a white, crystalline solid and is used as a building block in various chemical syntheses. One of the primary applications of itaconic acid is in the production of specialty polymers. These polymers are used in a wide range of industries, including the manufacturing of superabsorbent materials, coatings, adhesives, and thickeners. Itaconic acid’s reactivity allows it to form copolymers with other monomers, enhancing the properties of the resulting materials.
Moreover, in the cleaning industry, itaconic acid-derived polymers are utilized for their excellent water absorption and retention capabilities. These properties make them ideal for use in products like detergents and cleaning agents, where they can improve performance by binding and removing dirt and grime effectively. Additionally, these polymers are often biodegradable, making them an environmentally friendly choice.
Regional Coverage
The report provides a detailed analysis of the itaconic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the itaconic acid price trend.
Global Itaconic Acid Price
The report offers a holistic view of the global itaconic acid pricing trends in the form of itaconic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of itaconic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed itaconic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Itaconic Acid Price
European itaconic acid prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed itaconic acid price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Itaconic Acid Price
The analysis of itaconic acid prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific itaconic acid historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Itaconic Acid Price
The report explores the itaconic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on itaconic acid prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Itaconic Acid Price
The itaconic acid pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This itaconic acid price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Itaconic Acid Price
The analysis of itaconic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Itaconic Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Itaconic Acid Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of itaconic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting itaconic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The itaconic acid price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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