Itaconic Acid Market Size, Share & Segmentation By Derivatives (Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic Acid, and Others), Application (SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymers, and Others), and Region | Global Forecast for 2025–2032

Itaconic Acid Market Report Scope & Overview

The itaconic acid market size was USD 110.33 million in 2024 and is expected to reach USD 166.67 million by 2032, growing at a CAGR of 5.29% over the forecast period of 2025-2032. 

Itaconic acid market analysis highlights the rising demand for biodegradable polymers as a key driver of market growth. The rising industries are shifting towards sustainable and eco-friendly materials due to the inherently nature-friendly characteristic of biodegradable polymers, such as food packaging, agriculture, medical devices, and consumer goods. These polymers are of great interest because itaconic acid is derived from renewables and possesses multiple functional carboxylic groups and the capacity to copolymerize with other bio-based comonomers. It is utilized to manufacture good-quality biodegradable polyesters, polyanhydrides, and superabsorbents.

Initiatives by USDA Agricultural Research Service, the USDA's ARS has been developing biodegradable biobased films for food packaging to address plastic waste and microplastics. As an example, researchers from Peoria, Illinois, developed a bilayer film from agro-based and biodegradable materials consisting of polylactic acid (PLA) and cottonseed meal. Such an innovation is designed to replace pollutant plastics in applications for food packaging.

Market Dynamics

Drivers

• Rising Demand for Bio-Based Chemicals Drives the Market Growth

The itaconic acid market is mainly driven by the high demand for bio-based chemicals as industries transform towards sustainable and eco-friendly chemicals, i.e., replacing petrochemical-based products with bio-based chemicals. The consumers are becoming more aware of the environment and are choosing products that are renewable, biodegradable, and less harmful to the ecosystem. Industrial itaconic acid applications is a biomass-derived compound that can be synthesized from renewable feedstock such as glucose, which meets this requirement due to its wide range of applications in biodegradable polymer production, superabsorbent polymers, and industrial products. Moreover, growing attempts by itaconic acid companies to synchronize their operations with sustainability objectives, coupled with the rising adoption of green chemistry practices, will continue to boost demand for bio-based chemicals and further fuel the itaconic acid market growth.

The USDA BioPreferred Program has so far certified more than 11,000 biobased products, including biodegradable polymer products that are used more and more in Ltd.’s packaging, agricultural, and medical applications, for example. In addition to offering the list of certified products, it also incentivizes federal agencies to buy such products, helping to grow the market.

In 2023, BASF has developed its production processes for bio-based itaconic acid further. Measured by sustainability, efficiency in targeting increasing demand available for sustainable materials, the company also aims to expand its portfolio of eco-friendly chemicals, like itaconic acid.

Restrain

•   Competition from conventional chemicals may hamper the market growth.

One of the key challenges hampering the growth of the itaconic acid market is competition from traditional chemicals. So, even though itaconic acid is biobased and environmentally friendly, it must compete with the most common chemicals derived from fossil resources used in almost every sector. Conventional chemicals are typically lower in production cost, readily available, and supported by the supply chain, leading to greater adoption by many manufacturers. In particular, the cost benefits associated with switching to petrochemical alternatives can be a barrier to the adoption of both microbial routes to produce itaconic acid, which often represents the only viable commercial choice due to a more costly and less scalable production process than those for petrochemicals.

Opportunities

• R&D in high-performance coatings and adhesives creates opportunities in the market.

The development of high-performance coatings and adhesives through R&D presents enormous opportunities in the Itaconic Acid Market as manufacturers in different industries are actively searching for sustainable alternatives for the more traditional petrochemical-based resin. Itaconic acid has excellent film-forming, adhesion, and good cross-linking characteristics of the polymer; it is thus more open to being identified as a renewable monomer in eco-friendly coatings and adhesives formulation. Itaconic-acid-based polymers have been under continuous research and development to improve their mechanical strength, thermal stability, and weather resistance towards high-demand applications such as construction, automotive, electronics, and packaging applications, which drive the itaconic acid market trends.

As per the reports, Anabond Ltd has announced the establishment of a new adhesive manufacturing unit, which intends to commission the unit for USD 2.05 million, located in Ingur, Tamil Nadu. The demand for the automotive, construction,  and manufacturing industries.more in

The U.S. government has contributed more than USD 45 billion in federal nanotechnology R&D funding through the National Nanotechnology Initiative (NNI) up to FY 2025. This investment drives innovation in materials science, with applications such as high-performance coatings and adhesives.

Segmentation Analysis

By Derivative

Styrene butadiene itaconic acid held the largest itaconic acid market share, around 42%, in 2024. It is due to its better performance properties and broad industrial uses. This copolymer provides good flexibility, effective adhesion, and chemical resistance, which makes it an excellent candidate for paints, coatings, adhesives, and sealants. By including itaconic acid in the styrene-butadiene matrix, the polymer becomes more water-resistant, thermally stable, and mechanically strong, three features that are in great demand in the construction, automotive, and packaging industries.

Methyl methacrylate held a significant itaconic acid market share. It is owing to the wide range of applications, along with enhanced performance when copolymerized with itaconic acid in one of the compounds. Itaconic acid is very useful in methyl methacrylate-based polymers intended for high-performance applications, such as coatings, adhesives, plastics, and acrylic resins. Itaconic acid enhances polymer adhesion, improves durability,  and adds impact resistance. This process also provides enhanced properties that are even more useful in high-performance applications like automotive,  construction, and electronics.

By Application

Superabsorbent polymers held the largest market share, around 34%, in 2024. It is due to the use in high-demand applications such as personal hygiene products, agriculture, and medical devices. In the synthesis of SAPs, itaconic acid is increasingly used as a bio-based monomer for partially replacing acrylic acid for higher biodegradability and lower environmental impact. SAPs can absorb and maintain large amounts of liquid relative to their mass, which makes them ideal for use in the manufacture of diapers, adult incontinence pads, and sanitary napkins. As awareness of sustainability increases and the environmental burden of petrochemical-based products gains attention, manufacturers are turning to itaconic-acid-modified superabsorbent polymers (SAPs) to satisfy performance and sustainability needs.

Synthetic latex holds a significant market share in the itaconic acid market owing to its wide range of applications and superior performance properties upon itaconic acid modification. Itaconic acid is an important component in different applications, including synthetic latex in the production of paints, adhesives, coatings, fabrics, and biopolymers. The addition of itaconic acid enhances the film formation process and contributes towards better adhesion, elasticity, and water/chemical resistance. Such improvements are a must in high-performance industrial applications that can provide durability and versatility.

Regional Analysis

Asia Pacific held the largest market share, around 42.56%, in 2024. It is owing to the growing industrial base across the region, rising manufacturing capacity, and large production scale for bio-based chemicals from major end-use industries. Diverse application in industries such as textiles, personal care, construction, automotive, etc., especially in rapid-growing countries such as China, India, Japan, and South Korea would be pushing the demand further, and thus needs for itaconic acid and technical-grade derivative type like synthetic latex, bio-based coatings, and superabsorbent polymer. Moreover, the region has access to inexpensive feedstock, workforce, and government initiatives for green output and renewable chemicals.

 In 2024, China spent roughly USD 496 billion on R&D, an increase of 8.3% over 2023. This growth, in turn, highlights the fact that China is firmly committed to developing indigenous innovations of its own and bringing them to market.

North America itaconic acid market held a significant market share and is the fastest-growing segment in the forecast period. It is due to its well-established industrial infrastructure, advanced research capabilities, and increasing demand for sustainable and bio-based chemicals in various industries. Specifically in the U.S., environmentally sustainable manufacturing has at the same time come into light, along with crushing regulations designed to curb dependence on carbon and petrochemicals. This has prompted many businesses to use bio-based substitutes such as itaconic acid in applications such as biodegradable polymers, adhesives, coatings, and synthetic latex. The region also benefits from high R&D spending from public and private institutions, driving the development of new innovative materials based on itaconic acid.

U.S. itaconic acid market size was USD 19.75 million in 2024 and is expected to reach USD 33.61 million by 2032 and grow at a CAGR of 6.87% over the forecast period of 2025-2032. It is owing to its established chemical manufacturing sector, focus on sustainability, and huge funding for bio-based innovation. The U.S. is one of the leading countries in environmental regulation and green chemistry, and itaconic acid has become a very attractive replacement to many petrochemical-based compounds due in part to its increased incorporation of renewable and biodegradable materials.

The bio-based products industry plays an important role in the U.S. economy, generating USD 489 billion in 2021 compared to USD 464 billion reported for 2020. This growth highlights the importance of the sector as a catalyst for sustainable alternatives to conventional petrochemicals.

Europe held a significant market share in the forecast period. It is owing to its strong environmental regulations, a decently developed biochemistry industry, and eagerness to adopt sustainable and bio-based materials. Progressive policies like the Green Deal and REACH have been put in place to promote greener chemicals and minimize dependence on fossil-based inputs under the EU. Help the transition from fossil-based toward renewable-based materials such as itaconic acid, particularly in biodegradable polymers, coatings, adhesives, and synthetic latex applications.

Key Players

Itaconix, Alpha Chemika, Thermo Fisher Scientific, TCI Chemicals, Qingdao Langyatai, NIPPON SHOKUBAI, Jinan Huaming Biochemistry, Ronas Chemicals, Zhejiang Guoguang Biochemistry, Green Chemicals.

Recent Development:

• In 2023, Itaconix Corporation launched a range of functional additives, BIOAsterix, comprising bio-based chemistries produced from itaconic acid. Such additives are being developed for different uses, including decorative paints and compostable plastics.

• In 2023, Zhejiang Guoguang Biochemistry Co., Ltd. vision to become a research and development-focused market leader. The company is investing heavily in optimizing production processes and exploring new applications for bio-based itaconic acid.