Itaconic acid is a chemical compound comprised of a dicarboxylic acid group, specifically methacrylic acid, where one of the methyl hydrogens is replaced by the carboxylic acid group in the compound. It is an organic compound that is white in color and crystalline in appearance. It is soluble in water and other chemical solvents such as acetone and ethanol.
It is obtained by fermentation of molasses or glucose under certain temperatures and conditions. The melting point of the compound measures around 162° C. The compound is one of the industrial chemicals that shows its association with the paper and architectural coating industries on a prime scale.
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The key importing countries that import Itaconic acid are the United States, India, and Indonesia. On the other hand, the key exporting countries include China, South Korea, and Germany.
Key Details About the Itaconic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Itaconic acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Itaconic acid Price chart, including India Itaconic acid price, USA Itaconic acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Itaconic Acid Price Trend:
Itaconic acid is an industrial chemical compound that is primarily used in the architectural coating and paper-making industries. It is extensively used in producing various resins that are mainly used as the key ingredient in manufacturing acrylic plastics, anti-scaling agents, super absorbents, and acrylate latexes, etc. The agro-based plastic and textiles varieties are manufactured using Itaconic acid in their making process. It is primarily used in the paint and chemical manufacturing sectors, where it is used to produce coating materials that are applied on vehicles, leathers, electronic and electrical parts, and more.
The compound is utilized in coating commercial products to enhance the appliances’ adhesion, weather resistivity, and color. Additionally, Itaconic acid is a metabolic bio-maker that is used in various medical conditions that are associated with inflammation or infections. Hence, it also marks its applications in the medical and pharmaceutical domains.
Key Players:
- Itaconix Corporation
- Qingdao Langyatai
- Zhejiang Guoguang
- Alpha Chemika
- Shandong Kaison
- Jinan Huaming
- Iwata Chemical
News & Recent Development
- Date: October 18, 2022- Scientific research states a chance of an increase in the production of bioplastics made from steel mill gases, with the involvement of Itaconic acid in the plasticizing process.
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