Market Overview:
The global methylene succinic acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for methylene succinic acid from various applications such as SBR latex, synthetic latex, chillant dispersant agent, superabsorbent polymers and others. In addition, the growing demand for methylene succinic acid in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Methylene succinic acid is a dicarboxylic acid with the chemical formula CH2COOH. It is produced by the oxidation of methylsuccinic anhydride with nitric acid. Methylene succinic acid has a number of applications, including as a solvent, an intermediate in the production of polyesters, and as a curing agent for epoxy resins.
Styrene Butadiene Itaconic Acid:
Styrene butadiene itaconic acid is a kind of polymer, which is produced by the reaction between styrene and butadiene. It has applications in various industries such as adhesives, sealants, coatings and elastomers. The global styrene butadiene itaconic acid market size was estimated to be worth USD 1.91 billion in 2016 on account of its rising demand from the automotive industry for manufacturing tires that use this product as a filler material.
Methyl Methacrylate:
Methyl methacrylate is a chemical intermediate used in the production of polymethylene succinate (PMS), which is further utilized for manufacturing methylene diphenyl diisocyanate (MDI) and other alkyl phenols. It has applications as adhesives, sealants, coatings, and plastics.
Application Insights:
Global methylene succinic acid market by application is segmented into SBR latex, synthetic latex, chillant dispersant agent, superabsorbent polymers and others. The synthetic latex segment dominated the global market in terms of revenue share in 2017. This is attributed to the growing demand for high-performance plastics across various end-use industries such as automotive & transportation and construction.
The product has a wide scope of application in manufacturing engineering thermoplastics that are used as molding compounds or additives for enhancing plastic properties including impact resistance, wear & abrasion resistance and temperature stability.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region globally over the forecast period. The growth in this region can be attributed to increasing demand from end-use industries such as paints & coatings, automotive, and construction. In addition, rising disposable income coupled with rapid urbanization in emerging economies of Asia Pacific has led to an increase in consumer spending on housing and infrastructure which is further anticipated to drive product demand over the coming years.
The market for global Methylene Succinic Acid (MSA) was dominated by Europe followed by North America owing to early adoption of MSA as a building block for production of various petrochemical derivatives such as polystyrene, ethylene glycol monobutyl ether etc.
Growth Factors:
- Increasing demand for Methylene Succinic Acid in the automotive and aerospace industries due to its properties such as light weight, high strength, and corrosion resistance.
- Growing demand from the plastics industry for Methylene Succinic Acid as a modifier to improve the properties of plastics such as toughness, heat resistance, and color stability.
- Rising demand from the detergent industry for Methylene Succinic Acid as a surfactant agent to produce low-foaming detergents.
- Increasing use of Methylene Succinic Acid in adhesives and sealants due to its excellent adhesive properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Methylene Succinic Acid Market Research Report
By Type
Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic Acid, Others
By Application
SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymers, Others
By Companies
Itaconix Corporation, Qingdao Langyatai Group Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Jinan Huaming Biochemistry Co. Ltd., Iwata Chemical Co., Ltd., Alpha Chemika, Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Chengdu Jinkai Biology Engineering Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Itaconix Corporation, Citrus Food Additives Co., Ltd, Shandong Zhongshun Science & Technology Development Co., Ltd., Nanjing Huajin Healthcare Biologicals Co. Ltd., Ultimate Chem India Pvt. Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Methylene Succinic Acid Market Report Segments:
The global Methylene Succinic Acid market is segmented on the basis of:
Types
Styrene Butadiene Itaconic Acid, Methyl Methacrylate, Polyitaconic Acid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SBR Latex, Synthetic Latex, Chillant Dispersant Agent, Superabsorbent Polymers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Itaconix Corporation
- Qingdao Langyatai Group Co., Ltd.
- Zhejiang Guoguang Biochemistry Co., Ltd.
- Jinan Huaming Biochemistry Co. Ltd.
- Iwata Chemical Co., Ltd.
- Alpha Chemika
- Shandong Kaison Biochemical Co., Ltd.
- Aekyung Petrochemical Co. Ltd.
- Chengdu Jinkai Biology Engineering Co., Ltd.
- Ronas Chemicals Ind. Co., Ltd.
- Itaconix Corporation
- Citrus Food Additives Co., Ltd
- Shandong Zhongshun Science & Technology Development Co., Ltd.
- Nanjing Huajin Healthcare Biologicals Co. Ltd.
- Ultimate Chem India Pvt. Ltd.
Highlights of The Methylene Succinic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Styrene Butadiene Itaconic Acid
- Methyl Methacrylate
- Polyitaconic Acid
- Others
- By Application:
- SBR Latex
- Synthetic Latex
- Chillant Dispersant Agent
- Superabsorbent Polymers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methylene Succinic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methylene succinic acid is a molecule with the formula CH3CH2COOH. It is a colorless liquid that has a sour taste. Methylene succinic acid is used in food and beverage production as an additive to improve flavor and stability.
Some of the key players operating in the methylene succinic acid market are Itaconix Corporation, Qingdao Langyatai Group Co., Ltd., Zhejiang Guoguang Biochemistry Co., Ltd., Jinan Huaming Biochemistry Co. Ltd., Iwata Chemical Co., Ltd., Alpha Chemika, Shandong Kaison Biochemical Co., Ltd., Aekyung Petrochemical Co. Ltd., Chengdu Jinkai Biology Engineering Co., Ltd., Ronas Chemicals Ind. Co., Ltd., Itaconix Corporation, Citrus Food Additives Co., Ltd, Shandong Zhongshun Science & Technology Development Co., Ltd., Nanjing Huajin Healthcare Biologicals Co. Ltd., Ultimate Chem India Pvt. Ltd..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Methylene Succinic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Methylene Succinic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Methylene Succinic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Methylene Succinic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Methylene Succinic Acid Market Size & Forecast, 2018-2028
4.5.1 Methylene Succinic Acid Market Size and Y-o-Y Growth
4.5.2 Methylene Succinic Acid Market Absolute $ Opportunity
Chapter 5 Global Methylene Succinic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Methylene Succinic Acid Market Size Forecast by Type
5.2.1 Styrene Butadiene Itaconic Acid
5.2.2 Methyl Methacrylate
5.2.3 Polyitaconic Acid
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Methylene Succinic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Methylene Succinic Acid Market Size Forecast by Applications
6.2.1 SBR Latex
6.2.2 Synthetic Latex
6.2.3 Chillant Dispersant Agent
6.2.4 Superabsorbent Polymers
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Methylene Succinic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Methylene Succinic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Methylene Succinic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Methylene Succinic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Methylene Succinic Acid Market Size Forecast by Type
9.6.1 Styrene Butadiene Itaconic Acid
9.6.2 Methyl Methacrylate
9.6.3 Polyitaconic Acid
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Methylene Succinic Acid Market Size Forecast by Applications
9.10.1 SBR Latex
9.10.2 Synthetic Latex
9.10.3 Chillant Dispersant Agent
9.10.4 Superabsorbent Polymers
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Methylene Succinic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Methylene Succinic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Methylene Succinic Acid Market Size Forecast by Type
10.6.1 Styrene Butadiene Itaconic Acid
10.6.2 Methyl Methacrylate
10.6.3 Polyitaconic Acid
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Methylene Succinic Acid Market Size Forecast by Applications
10.10.1 SBR Latex
10.10.2 Synthetic Latex
10.10.3 Chillant Dispersant Agent
10.10.4 Superabsorbent Polymers
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Methylene Succinic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Methylene Succinic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Methylene Succinic Acid Market Size Forecast by Type
11.6.1 Styrene Butadiene Itaconic Acid
11.6.2 Methyl Methacrylate
11.6.3 Polyitaconic Acid
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Methylene Succinic Acid Market Size Forecast by Applications
11.10.1 SBR Latex
11.10.2 Synthetic Latex
11.10.3 Chillant Dispersant Agent
11.10.4 Superabsorbent Polymers
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Methylene Succinic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Methylene Succinic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Methylene Succinic Acid Market Size Forecast by Type
12.6.1 Styrene Butadiene Itaconic Acid
12.6.2 Methyl Methacrylate
12.6.3 Polyitaconic Acid
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Methylene Succinic Acid Market Size Forecast by Applications
12.10.1 SBR Latex
12.10.2 Synthetic Latex
12.10.3 Chillant Dispersant Agent
12.10.4 Superabsorbent Polymers
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Methylene Succinic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Methylene Succinic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Methylene Succinic Acid Market Size Forecast by Type
13.6.1 Styrene Butadiene Itaconic Acid
13.6.2 Methyl Methacrylate
13.6.3 Polyitaconic Acid
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Methylene Succinic Acid Market Size Forecast by Applications
13.10.1 SBR Latex
13.10.2 Synthetic Latex
13.10.3 Chillant Dispersant Agent
13.10.4 Superabsorbent Polymers
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Methylene Succinic Acid Market: Competitive Dashboard
14.2 Global Methylene Succinic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Itaconix Corporation
14.3.2 Qingdao Langyatai Group Co., Ltd.
14.3.3 Zhejiang Guoguang Biochemistry Co., Ltd.
14.3.4 Jinan Huaming Biochemistry Co. Ltd.
14.3.5 Iwata Chemical Co., Ltd.
14.3.6 Alpha Chemika
14.3.7 Shandong Kaison Biochemical Co., Ltd.
14.3.8 Aekyung Petrochemical Co. Ltd.
14.3.9 Chengdu Jinkai Biology Engineering Co., Ltd.
14.3.10 Ronas Chemicals Ind. Co., Ltd.
14.3.11 Itaconix Corporation
14.3.12 Citrus Food Additives Co., Ltd
14.3.13 Shandong Zhongshun Science & Technology Development Co., Ltd.
14.3.14 Nanjing Huajin Healthcare Biologicals Co. Ltd.
14.3.15 Ultimate Chem India Pvt. Ltd.
