Chemical Industry Updates

  Itaconic acid is extensively used in the production of detergents, personal care products, and paints, along with being utilized as a substitute to acrylic acid. The personal care industry has shown increased demand for itaconic acid owing to its abilities to act as thickening agents, emulsifiers and binders in personal care products like shampoos, shower gels, lotions and creams. The global Itaconic acid Market is estimated to be valued at US$ 134.1 million in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for itaconic acid from personal care products is poised to show significant growth over the forecast period owing to rising awareness regarding personal grooming. The increased spending on personal care products coupled with the natural and eco-friendly properties of itaconic acid which makes it an attractive alternative to synthetic compounds

  Itaconic acid is an organic compound produced by fermentation of carbohydrates like glucose, starch, and cellulosic biomass using filamentous fungi. It finds wide applications as a substitute for petroleum-based acrylic acid in production of specialty resins, plasticizers, synthetic latex, and superabsorbent polymers. Itaconic acid also acts as a building block for various chemicals and polymers. The global itaconic acid market is estimated to be valued at US$ 134.1 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growth of the global itaconic acid market is primarily driven by increasing demand from construction and automotive industries. Itaconic acid serves as an organic building block for synthesis of resins, plasticizers, and superabsorbent polymers extensively used in cement, concrete, paints & coatings, and auto parts manufacturing. It