Itaconic Acid Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

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Itaconic acid is an organic acid, which is also known as methylidene-succinic acid. The structural formula of Itaconic acid is C5H6O4 and its molecular weight is 130.099 g mol-1. This white solid dicarboxylic acid is soluble in water, ethanol, and acetone.

Itaconic is produced by distilling citric acid, but it is currently produced through fermentation. Itaconic acid is formed by the intermediate in the citric acid cycle, cis-aconitate. Since itaconic acid is unrelated to citric acid, it can be produced from carbohydrates like glucose.

The leading region in the market of itaconic acid is the Asia Pacific, wherein countries like China, South Korea, Thailand, and Indonesia are contributing to the market.

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, propane price and electricity price etc. 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, 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:

The itaconic acid price trend is influenced by its industrial uses which include the production of industrial resins, as a building block for acrylic plastics and as an anti-scaling agent. It is also employed in the plastic and paint industry.

 Key Market Players:

• Itaconix Corporation
• Qingdao Langyatai
• Zhejiang Guoguang
• Alpha Chemika
• Shandong Kaison
• Jinan Huaming
• Iwata Chemical

News and Events:

• September 2021: There were some recent developments from microbial cell factories in the production of itaconic acid.

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About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.  We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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