Itaconic Acid, derived from Citric Acid, is influenced by Citric Acid prices and demand from chemical, agrochemical, adhesive, and coating industries. The Asian market, especially China, saw a resurgence as COVID-19 restrictions eased, leading to increased demand and a boost from Lunar New Year Holidays. Constant inventory movement fostered a positive market performance, with Itaconic Acid prices trending upward due to strong demand and higher feedstock costs. Overall, a positive market sentiment prevailed.
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Definition
Itaconic Acid is an organic compound derived through the processing of citric acid. It is utilized in various industries as a key chemical intermediate, finding applications in the production of chemicals, agrochemicals, adhesives, coatings, and related sectors. Itaconic Acid is prized for its versatility and plays a vital role in chemical manufacturing processes.
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 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 the Itaconic Acid Price Trend:
Itaconic Acid serves as a crucial chemical intermediate with diverse industrial applications. It is employed in the production of chemicals, agrochemicals, adhesives, coatings, and related sectors. In chemicals, it contributes to the synthesis of resins and polymers, while in agrochemicals, it aids in the creation of environmentally friendly pesticides. Additionally, it plays a vital role in the adhesive and coating industries, enhancing product formulations and performance.
Key Players:
- Itaconix Corporation
- Qingdao Langyatai
- Zhejiang Guoguang
- Alpha Chemika
- Iwata Chemical
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