How Big Is the Itaconic Acid Market | Size, Share & Growth 2025

Q: What is the market size of the Itaconic acid market in 2025 and 2031?

The Itaconic acid market was expected to be valued at approximately USD 0.2 billion in 2025 and projected to reach around USD 1.1 billion by 2031.

Q: What is the CAGR of the Itaconic acid market between 2025 and 2031?

The Itaconic acid market is anticipated to grow at a CAGR of 7.8% during the forecast period.

Q: What are the key trends in the Itaconic acid market?

Key trends include rising adoption of bio-based chemicals, growing demand for biodegradable materials, and advances in fermentation technology.

Q: What are the main drivers of the Itaconic acid market?

The Itaconic acid market is driven by increasing demand for sustainable materials, industrial applications in coatings and adhesives, and favourable environmental regulations.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA7048

Publication Date: Aug 2025

What is the Itaconic acid Market Size?

According to 6Wresearch internal database and industry insights, the Global Itaconic Acid Market was valued at USD 0.12 Billion in 2024 and is expected to reach USD 0.19 Billion by 2031, growing at a compound annual growth rate of 4.40% during the forecast period (2025-2031).

This market is witnessing significant growth due to rising demand for sustainable and bio-based chemicals in various applications, including plastics, adhesives, and coatings. The shift to greener manufacturing processes, increasing adoption of biodegradable polymers, and favourable legislative policies all help propel market growth. Also, innovation in fermentative processes and increasing utilization of itaconic acid as intermediates in specialty chemicals and resins support wider market growth.

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Major Growth Factors of the Itaconic Acid Market

Rising demand for bio-based and biodegradable products
Increasing use in adhesives, sealants, and coatings
Technological advancements in fermentation and production
Growing environmental regulations favoring green chemicals
Expansion in the paints and coatings sector
Rising investment in sustainable chemical manufacturing
Demand from the personal care and cosmetic industries
Versatile applications in synthetic latex and super absorbents

Itaconic Acid Market Trends

The Itaconic acid market is marked by a strong shift towards bio-based and eco-friendly solutions, with growing adoption in industrial applications such as coatings, adhesives, and biodegradable plastics. Companies are focusing on optimizing production costs and enhancing product purity. The trend toward sustainable and renewable chemicals is reinforcing the long-term growth trajectory of the market.

Emerging Developments in the Itaconic Acid Market

The Itaconic acid market is undergoing developments such as the introduction of genetically engineered microorganisms for improved yield, increasing partnerships between chemical companies and biotechnology firms, and growing investments in bio-refinery projects. These initiatives aim to make itaconic acid a commercially viable alternative to petroleum-based products.