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Itaconic Acid Market is Expected to Reach US$ 204.6 Mn by 2023

Transparency Market Research has published a new report titled “ Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 ”. According to the report, the  global itaconic acid market  was valued at US$ 126.4 Mn in 2014 and is anticipated to reach US$ 204.6 Mn by 2023, expanding at a CAGR of 5.5% between 2015 and 2023.  Itaconic acid is an important building block in the chemical industry. It is a white crystalline powder and readily biodegrades in soil. Hence, it is an optimum substitute for petro-derived chemicals such as acrylic acid, maleic anhydride, or acetone cyanohydrin in various end-user industries. The demand for itaconic acid is high in the manufacturing of superabsorbent polymers (SAP). Itaconic acid is used as a cross-linking agent due to its ability to efficiently take part in addition polymerization. SAP is readily used in diapers, adult incontinence, and feminine hygiene products. It also finds large app...