The global demand for Fumaric Acid Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XX KT in 2020 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2021-2027.
Fumaric acid is an organic compound with a fruity taste. It is a crucial specialty chemical with broad industrial applications ranging from its use as feedstock to produce polymeric resins to acidulant and additive in foods and pharmaceuticals. It is used in beverages, baking powders, wheat tortillas, flavouring agents. Fumaric acid is also used to develop drugs for the treatment of psoriasis.
The global fumaric acid market is forecasted to grow at a significant rate during the forecast period. The changing lifestyle and the rising popularity of processed food and demand for ready-to-drink beverages are key factors driving growth. Two third of the fumaric acid produced is employed in the food industry. Rising spending on research to develop bio-based fumaric acid is expected to create critical opportunities for industry participants. Fumaric acid is identified to potentially replace maleic anhydride, citric acid, and tartaric acid in various applications. All this complements the flourishing growth of the market. However, stringent government regulations due to rising environmental concerns to reduce carbon footprints hinder the global fumaric acid market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of fumaric acid.
The report segments the fumaric acid market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
By End- User
- Food Additive
- Rosin Paper Sizes
- Alkyd Resins
- Animal Feed
By Extraction Type
- Food and Beverages Industry
- Cosmetics Industry
- Pharmaceutical Industry
- Chemical Industry
- Fumaria Officinalis
- Maleic Anhydride
This section covers regional segmentation which accentuates on current and future demand for fumaric acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Fumaric Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fumaric acid market include Bartek Ingredients, Prinova LLC, Polynt S.P.A, Fuso Chemicals, Dastech International Inc., Thirumalai Chemicals, Xilong Chemical Company Ltd, Nippon Shokbai Co. Ltd, and Tianjin Bohai Chemicals.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.