Proactive Investors - Run By Investors For Investors

Itaconix - Gaining global reach

Itaconix - Gaining global reach

Itaconix PLC (LON:ITX) designs and manufactures functional polymers for applications in consumer and industrial products. The company creates new products through its proprietary polymerisation process that uses Itaconic acid, which is a bio-based building block produced by fermentation using corn as a source of sugar. There are three major areas of commercial focus in the 2019-2020e timeframe: non-phosphate detergents, odour control, and hair-care.

Following a deal announced with Nouryon on 28 February in the hair-care and personal care space, Itaconix now has global blue-chip players as commercial partners across all three of the focus product areas. In this report, we examine the three focus areas, the scale of those market opportunities, and the revenue potential for Itaconix through to 2021e.

Looking further forward, Itaconix has a vast addressable market with product segments adding up to many US$ billions. In this report, we consider the potential growth trajectory for Itaconix and the implications for share valuation. We believe that 2019 represents an important year in terms of validating the growth strategy and demonstrating the long-term value potential of the company's polymer technology.

Full report is available via Capital Network website
View full ITX profile View Profile

Itaconix Plc Timeline

CN Research
March 21 2019

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use