Itaconic Acid Market Growth with Emerging Trends and Strong Application Scope by 2023
Itaconic acid, also known as methyl succinic acid, is one of the important bio-based platform chemicals. Itaconic acid was recognized as one of the twelve promising chemicals obtained from biomass by the U.S. Department of Energy (DoE) in 2004. The itaconic acid market is niche in nature due to its limited consumption in various end-user industries on account of the large availability of substitutes. The cost of production is an important factor determining the pricing of itaconic acid. Currently, the...
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