Product
Itaconic Acid Price Trend and Forecast
Itaconic Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Itaconic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Itaconic Acid Price Trend for the First Half of 2023
Itaconic Acid is obtained by processing Citric Acid, so it closely follows any fluctuations in citric acid prices along with the market demands from the downstream chemical, agrochemical, adhesive, coating, and other related industries.
As the markets and manufacturing activities started reviving in the Asian region, particularly China, after a long halt because of the COVID-19 restrictions, the market posed fresh demands. Also, the Lunar New Year holidays boosted the market offtakes. With constantly moving inventories, the market performed very positively throughout the said period. Itaconic Acid prices wavered in an upward direction, supported by good demands and high feedstock prices. Overall, positive market sentiments were observed.
Analyst insight
According to Procurement Resource, the price trends for Itaconic Acid are expected to continue fluctuating since the downstream demands continue to remain unsettled.
Procurement Resource provides latest prices of Itaconic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Itaconic acid, also known as methylidene-succinic acid, is an organic acid. This dicarboxylic acid is a white solid that is water, ethanol, and acetone soluble. Itaconic acid was usually made by the distillation of citric acid, but it is now generated by the process of fermentation.
Product Details
| Report Features | Details |
| Product Name | Itaconic Acid |
| Industrial Uses | Adhesives and sealant chemicals, Agricultural chemicals (non-pesticidal), Intermediates, Paint additives and coating additives, Plasticizers |
| Chemical Formula | C5H6O4 |
| Synonyms | Methylidenebutanedioic acid, 2-Methylenesuccinic acid, Methylenesuccinic acid, 1-Propene-2-3-dicarboxylic acid |
| Molecular Weight | 130.099 g·mol−1 |
| Supplier Database | Itaconix Corporation, Qingdao Langyatai, Zhejiang Guoguang, Alpha Chemika, Shandong Kaison, Jinan Huaming, Iwata Chemical |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Itaconic Acid from Citric Acid; via Fermentation of Glucose
Citric acid cycle intermediate cis-aconitate, which is created from citric acid, produces itaconic acid. Itaconic acid can be made from sugars like glucose since it is linked to the citric acid cycle.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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