Fumaric Acid Market is recurring & impressive growth generating sector

Industry Trend Analysis:The Global Fumaric Acid Market was valued around USD 0.41 billion in 2016 and is expected to reach roughly USD 0.72 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.35% during the forecast period, owing to the rise in popularity of processed food together with availability of ready-to-drink beverages. Fumaric acid plays the role of a food additive (acidulant) and renders pH adjustment, flavor improvement, and preservation in beverages & food. Increasing economic development together with living standard particularly in developing countries such as India, China is expected to boost the consumption of processed beverages & food which will consecutively augment the growth of the global market.

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Competitive Outlook and Trend Analysis:The global fumaric acid market is reasonably dominated by and concentrated in few key players such as Prinova LLC, Bartek Ingredients, Fuso Chemicals and Polynt S.P.A. Other key market players include Thirumalai Chemicals, Dastech International Inc., Xilong Chemical Company Ltd, The Chemical Company, Tianjin Bohai Chemicals, Changzhou Yabang Chemical Co. Ltd, Nippon Shokubai Co. Ltd, U.S. Chemicals LLC, and Wego Chemicals & Mineral Corp. The big players are involved in wide R&D and improvement to extend the scope of application and get across regional markets.

The fumaric acid market is segmented as follows -

By Application-Food & Beverages
Rosin Paper Sizes
Unsaturated Polyester Resins (UPR)
Alkyd Resins
Other Applications

Regional Segment Analysis:North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

The launching of a wide range of flavors including ethnic and exotic flavors in beverages & food market is anticipated to strengthen the global demand of fumaric acid. Growing remodeling & construction activities in emerging countries of Latin America and Asia Pacific is anticipated to impel the demand of unsaturated polyester resin (UPR) and paints demand which in turn is anticipated to fuel the growth of global fumaric acid market. Fumaric acid is used in the making of alkyd resins and unsaturated polyester resin (UPR). Global augment in automotive production is expected to positively impact fumaric acid industry worldwide. Unsaturated polyester resin (UPR) containing fumaric acid is used in body panel fabrication of light and heavy duty vehicles. Rising fumaric acid uses in pharma applications is projected to augment the growth of global market. Fumaric acid is boasted as a latent alternate for artificial organic acids like tartaric acid and citric acid for using in snacks and fruit syrup. Consecutively it is expected to boost the growth of the global fumaric acid market. Strict government regulations due to increasing ecological concern to trim down carbon footprints into the environment are expected to hamper the growth of global market. Increasing funding for research and development for bio-based fumaric acid is predicted to offer major opportunities for market participants. The innovation of nutritional supplements such as bars and cereals is also projected to provide profitable opportunities to market players. Fumaric acid can be utilized as a medium in the bio-based polymer’s production and potentially substitute maleic anhydride in several applications. Market participants have vast opportunities to take advantage due to factor that is mentioned above.

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Table of Contents:

1.Introduction
2.Executive Summary
3.Market Overview
4.Fumaric Acid Market, By Application
5.Fumaric Acid Market, By Region
6.Company Profiles
6.1.Thirumalai Chemicals
6.2.Polynt S.P.A
6.3.Bartek Ingredients
6.4.Prinova LLC
6.5.Fuso Chemicals

Beverage and foods were the important application section for fumaric acid market over the precedent few years. Fumaric acid is utilized for flavor enhancement and preservation in Beverage and foods. Increasing convenience food demand is anticipated to fuel Beverage and foods application demand. The launching of energy bars and drinks is expected to boost the demand of fumaric acid for Beverage and foods application. In the year 2013, rosin paper sizing were the subsequent largest application segment.

List of Tables:
Table 1.Fumaric Acid Market, By Application ($Million), 2016-2025
Table 2.Food & Beverages Market, By Region ($Million), 2016-2025
Table 3.Rosin Paper Sizes Market, By Region ($Million), 2016-2025
Table 4.Unsaturated Polyester Resins (UPR) Market, By Region ($Million), 2016-2025
Table 5.Alkyd Resins Market, By Region ($Million), 2016-2025

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