Product Code: ETC4489045 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India itaconic acid market import shipments exhibited a steady upward trajectory from 2020 to 2024, as indicated by a notable CAGR of 11.4% over the period. The growth rate between 2023 and 2024 slightly moderated to 6.2%, suggesting a stable expansion trend with sustained momentum.
Itaconic acid is used in various applications, including adhesives, textiles, and coatings. The market in India is shaped by the chemical, textiles, and adhesive industries. As these sectors evolve and innovate, the demand for itaconic acid as a sustainable alternative is expected to grow.
The India itaconic acid market is gaining traction due to the growing awareness and demand for sustainable and biodegradable products. Itaconic acid is a key component in the production of bio-based polymers, which are used in various industries, including packaging and textiles. As the emphasis on eco-friendly and renewable resources increases, itaconic acid`s demand is expected to rise. Moreover, it is used in the manufacturing of specialty chemicals, further bolstering its market prospects.
The Itaconic Acid market in India faces challenges related to production costs, as the process involves the use of renewable feedstocks, which can be more expensive. Reducing production costs through process optimization and finding cost-effective raw materials are significant challenges. The market must also educate potential customers about the versatility and eco-friendly nature of itaconic acid.
The COVID-19 pandemic had a notable impact on the India itaconic acid market. Itaconic acid is used in various applications, including adhesives, plastics, and textiles. The market witnessed fluctuations in demand, especially in industries directly affected by lockdowns and reduced consumer spending.
In India, the itaconic acid market is notably influenced by companies such as Itaconix Corporation, Alpha Chemika, and Suntaq International. These players are involved in the production and distribution of itaconic acid, catering to a wide range of industries such as adhesives, pharmaceuticals, and agriculture.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Itaconic Acid Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Itaconic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 India Itaconic Acid Market - Industry Life Cycle |
3.4 India Itaconic Acid Market - Porter's Five Forces |
3.5 India Itaconic Acid Market Revenues & Volume Share, By Derivative, 2021 & 2031F |
3.6 India Itaconic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Itaconic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for bio-based products in various industries |
4.2.2 Increasing awareness about the benefits of itaconic acid in agricultural applications |
4.2.3 Government initiatives promoting the use of sustainable chemicals |
4.3 Market Restraints |
4.3.1 High production costs associated with itaconic acid |
4.3.2 Lack of awareness among end-users about the applications of itaconic acid |
4.3.3 Limited availability of raw materials for itaconic acid production |
5 India Itaconic Acid Market Trends |
6 India Itaconic Acid Market, By Types |
6.1 India Itaconic Acid Market, By Derivative |
6.1.1 Overview and Analysis |
6.1.2 India Itaconic Acid Market Revenues & Volume, By Derivative, 2021-2031F |
6.1.3 India Itaconic Acid Market Revenues & Volume, By Styrene Butadiene, 2021-2031F |
6.1.4 India Itaconic Acid Market Revenues & Volume, By Methyl Methacrylate, 2021-2031F |
6.1.5 India Itaconic Acid Market Revenues & Volume, By Polyitaconic Acid, 2021-2031F |
6.2 India Itaconic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Itaconic Acid Market Revenues & Volume, By SBR Latex, 2021-2031F |
6.2.3 India Itaconic Acid Market Revenues & Volume, By Synthetic Latex, 2021-2031F |
6.2.4 India Itaconic Acid Market Revenues & Volume, By Chillant Dispersant Agent, 2021-2031F |
6.2.5 India Itaconic Acid Market Revenues & Volume, By Superabsorbent Polymer, 2021-2031F |
7 India Itaconic Acid Market Import-Export Trade Statistics |
7.1 India Itaconic Acid Market Export to Major Countries |
7.2 India Itaconic Acid Market Imports from Major Countries |
8 India Itaconic Acid Market Key Performance Indicators |
8.1 Research and development investment in bio-based technologies |
8.2 Number of patents filed for itaconic acid-related innovations |
8.3 Adoption rate of itaconic acid in key industries such as agriculture and chemical manufacturing |
9 India Itaconic Acid Market - Opportunity Assessment |
9.1 India Itaconic Acid Market Opportunity Assessment, By Derivative, 2021 & 2031F |
9.2 India Itaconic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Itaconic Acid Market - Competitive Landscape |
10.1 India Itaconic Acid Market Revenue Share, By Companies, 2024 |
10.2 India Itaconic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |