Market Research Report
Itaconic Acid (IA)
|Published by||Global Industry Analysts, Inc.||Product code||222500|
|Published||Content info||126 Pages
Delivery time: 1-2 business days
|Itaconic Acid (IA)|
|Published: July 1, 2020||Content info: 126 Pages||
Global Itaconic Acid (IA) Market to Reach US$129.3 Million by the Year 2027
Amid the COVID-19 crisis, the global market for Itaconic Acid (IA) estimated at US$105 Million in the year 2020, is projected to reach a revised size of US$129.3 Million by 2027, growing at a CAGR of 3% over the period 2020-2027.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.6% CAGR for the Period of 2020-2027
The Itaconic Acid (IA) market in the U.S. is estimated at US$28.4 Million in the year 2020. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$26.4 Million in the year 2027 trailing a CAGR of 5.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR while Rest of European market (as defined in the study) will reach US$26.4 Million by the year 2027.We bring years of research experience to this 18th edition of our report. The 126-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,