Fumaric Acid Market to Reach US$ 855 Million by 2024 and Growing at a CAGR of around 5%

Global Fumaric Acid Market Research Report, Growth, Trends, Region and Forecast Till 2024

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.

Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Fumaric Acid Market Report By Application (Food Additives, Rosin-Sized Sheathing Paper, Unsaturated Polyester Resins, Alkyd Resins and Others), End-Use Industry (Food & Beverages Industry, Cosmetics Industry, Pharmaceutical Industry and Chemical Industry), Region Fumaric acid is extensively used in the food and beverage industry as a food additive, flavor enhancer and pH controller as well as in the construction sector for the manufacturing of unsaturated polyester resins. As a result of the demand from these industries, the global fumaric acid market is currently witnessing moderate growth.

Market Overview: According to the latest report by IMARC Group, titled “Fumaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global fumaric acid market reached a value of US$ 631 Million in 2018. Fumaric acid is a dicarboxylic acid with the formula C4H4O4 which is formed by the oxidation of succinic acid by succinate dehydrogenase. It is found in eukaryotes, bolete mushrooms, lichens and Iceland moss in the form of a fine white or colorless crystalline powder. Apart from this, it is also produced by the human body when skin is exposed to direct sunlight. Characterized by a sour taste, it is used for the preparation of a variety of food products. Apart from being used as a food additive, it also forms an essential component in the production of medicines, industrial dyes, printing inks, animal feed and polyester resins.

Report Description and Highlights

Report Description Market Trends:

Fumaric acid is utilized in the food and beverage industry as an acidulant, preservative, flavor enhancer and pH controller. The escalating sales of convenience food and the rising popularity of ready-to-drink beverages is catalyzing its demand. Besides this, increasing incidences of lifestyle diseases coupled with the growing health consciousness amongst consumers have augmented the consumption of sports and health drinks which contain fumaric acid. Moreover, this acid is being employed in the construction sector for the manufacturing of unsaturated polyester resins that are further used in the production of auto parts and reinforcement panels. Furthermore, the need to develop new processes based on renewable sources has led manufacturers to produce bio-based fumaric acid. However, the process costs almost double the cost of fumaric acid derived from benzene. Improvement in this process along with progress in technology is expected to drive the market growth. On account of these factors, the market is projected to reach a value of US$ 855 Million by 2024, growing at a CAGR of around 5% during the forecast period (2019-2024).

Fumaric Acid Market Segmentation: Market Segmentation by Application Request for a sample report: https://www.imarcgroup.com/fumaric-acid-market/requestsample

Market Forecast

Sample Figure: Global: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description o o o o o

Food Additives Rosin-Sized Sheathing Paper Unsaturated Polyester Resins Alkyd Resins Others

On the basis of applications, food additives are the most popular application segment. Other major applications include rosin-sized sheathing paper, unsaturated polyester resins, alkyd resins and others.

Market Segmentation by End-Use Industry • • • •

Food and Beverages Industry Cosmetics Industry Pharmaceutical Industry Chemical Industry

Based on end-use industries, the market has been categorized into food and beverages, cosmetics, pharmaceutical, and chemical. Amongst these, fumaric acid is mostly used in the food and beverage industry.

For more information, click here: https://www.imarcgroup.com/fumaric-acid-market

Market Segmentation

Report Description Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On the geographical front, the market has been segregated into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific holds the leading position in the market.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Bartek Ingredients Inc. Dastech International Fuso Chemical Co., Ltd. Polynt Prinova Group

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • • • • • •

Changzhou Yabang Chemical Co. Ltd. Nippon Shokubai The Chemical Company Thirumalai Chemicals U.S. Chemicals Wego Chemical Group Huntsman Corporation

In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

Team Profile

Team Profile Our Team Comes From Some of the Top Universities Globally.

60% Engineering and Science

5% Others

35% Business Studies

Over 2000 Independent Consultants from different sectors.

Average Experience of 7+ Years

We are the trusted business partners to the

Partial List of Clients world's leading corporates, governments, and A partial List of our Clients institutions

We are the trusted business partners to the

Partial Listworld's of Clients leading corporates, governments, and

A partial List of our Clients

institutions

Report Description and Highlights

Report Description

© 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com