Agriculture
Energy & Mining
Chemical & Materials
Technology & Media
Retail
Food & Beverages
Healthcare
Packaging

Fumaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

$ 1999
   Buy Now


10% Free customization


   Request Sample
   Request Brochure
   Ask An Analyst
   Request Customization

The global fumaric acid market was worth US$ 631 Million in 2018. Fumaric acid is a white or colorless crystalline chemical compound with a fruit-like taste. Also known as trans-butenedioic acid, it is naturally found in eukaryotes, bolete mushrooms, lichens and Iceland moss. It is also produced by humans when the skin is exposed to sunlight. Similar to malic acid, fumaric acid helps in the production of energy from food in the form of ATP. It is the strongest organic food acid as it a has higher relative sourness than other acidulants. Therefore, it offers long-lasting sourness and flavor as well as decreases the pH with minimal added sourness when used as a food additive. Commercially available in the form of dry powder, liquid or large pellet crystals, fumaric acid is also used in the manufacturing of medicines, animal feed, unsaturated polyester, cleaning agents and printing inks.

Global Fumaric Acid Market Drivers:

Fumaric acid is used as an acidulant, pH controller and flavor enhancer in the food and beverage industry. The rising popularity of processed foods, along with the increasing use of flavoring agents, is augmenting the demand for fumaric acid globally. Additionally, the presence of carbon-carbon double bonds and two carboxylic groups makes fumaric acid chemically suitable for polymerization and esterification reaction. As a result, it is widely employed in the production of alkyd and polyester resins which are durable, have a hard structure and offer high resistance to chemical corrosion. Besides this, it is also used for manufacturing body panels for both light- and heavy-duty vehicles. Looking forward, the market value is projected to reach US$ 855 Million by 2024, exhibiting a CAGR of around 5% during 2019-2024. 

Market Summary:

  • Based on the application, the market has been segmented into food additives, rosin-sized sheathing paper, unsaturated polyester resins, alkyd resins and others. Food additives currently represent the biggest application segment.
  • Based on the end-use industry, the market has been segmented into food and beverages, cosmetics, pharmaceuticals and chemicals.
  • On a geographical front, the market has been categorized into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market for fumaric acid, accounting for the majority of the global share.
  • The competitive landscape of the market has also been examined with some of the key players being Bartek Ingredients Inc., Dastech International, Fuso Chemical Co., Ltd., Polynt, Prinova Group, Changzhou Yabang Chemical Co. Ltd., Nippon Shokubai, The Chemical Company, Thirumalai Chemicals, U.S. Chemicals, Wego Chemical Group and Huntsman Corporation.


Key Questions Answered in This Report:

  • How has the global fumaric acid market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global fumaric acid industry?
  • What is the breakup of the global fumaric acid market on the basis of application?
  • What is the breakup of the global fumaric acid market on the basis of end-use industry?
  • What are the various stages in the value chain of the global fumaric acid market?
  • What are the key driving factors and challenges in the global fumaric acid market?
  • What is the structure of the global fumaric acid market and who are the key players?
  • What is the degree of competition in the global fumaric acid market?
  • How is fumaric acid manufactured?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5    Global Fumaric Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Application 
    5.4    Market Breakup by End-Use Industry 
    5.5    Market Breakup by Region 
    5.6    Market Forecast 
6    Market Breakup by Application 
    6.1    Food Additives
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Rosin-Sized Sheathing Paper
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Unsaturated Polyester Resins
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Alkyd Resins
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Others
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by End-Use Industry 
    7.1    Food and Beverages Industry
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Cosmetics Industry 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Pharmaceutical Industry
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Chemical Industry
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by Region 
    8.1    Asia Pacific
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    North America
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Europe
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Global Fumaric Acid Industry: SWOT Analysis 
    9.1    Overview 
    9.2    Strengths
    9.3    Weaknesses 
    9.4    Opportunities
    9.5    Threats
10    Global Fumaric Acid Industry: Value Chain Analysis 
    10.1    Overview
    10.2    Research and Development
    10.3    Raw Material Procurement
    10.4    Manufacturing
    10.5    Marketing
    10.6    Distribution
    10.7    End-Use
11    Global Fumaric Acid Industry: Porters Five Forces Analysis 
    11.1     Overview 
    11.2     Bargaining Power of Buyers
    11.3     Bargaining Power of Suppliers 
    11.4     Degree of Competition
    11.5     Threat of New Entrants
    11.6     Threat of Substitutes
12    Global Fumaric Acid Industry: Price Analysis 
    12.1     Price Indicators
    12.2     Price Structure
    12.3     Margin Analysis
13    Fumaric Acid Manufacturing Process
    13.1    Product Overview
    13.2    Raw Material Requirements
    13.3    Manufacturing Process
    13.4    Key Success and Risk Factors
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Bartek Ingredients Inc.  
        14.3.2    Dastech International 
        14.3.3    Fuso Chemical Co., Ltd.  
        14.3.4    Polynt 
        14.3.5    Prinova Group 
        14.3.6    Changzhou Yabang Chemical Co. Ltd. 
        14.3.7    Nippon Shokubai 
        14.3.8    The Chemical Company 
        14.3.9    Thirumalai Chemicals 
        14.3.10      U.S. Chemicals 
        14.3.11      Wego Chemical Group 
        14.3.12      Huntsman Corporation 

 
List of Figures

Figure 1: Global: Fumaric Acid Market: Major Drivers and Challenges
Figure 2: Global: Fumaric Acid Market: Sales Value (in Million US$), 2011-2018
Figure 3: Global: Fumaric Acid Market: Breakup by Application (in %), 2018
Figure 4: Global: Fumaric Acid Market: Breakup by End-Use Industry (in %), 2018
Figure 5: Global: Fumaric Acid Market: Breakup by Region (in %), 2018
Figure 6: Global: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 7: Global: Fumaric Acid Industry: SWOT Analysis
Figure 8: Global: Fumaric Acid Industry: Value Chain Analysis
Figure 9: Global: Fumaric Acid Industry: Porter’s Five Forces Analysis
Figure 10: Global: Fumaric Acid (Food Additives) Market: Sales Value (in Million US$), 2011 & 2018
Figure 11: Global: Fumaric Acid (Food Additives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Fumaric Acid (Rosin-Sized Sheathing Paper) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Fumaric Acid (Rosin-Sized Sheathing Paper) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Fumaric Acid (Unsaturated Polyester Resins) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Fumaric Acid (Unsaturated Polyester Resins) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Fumaric Acid (Alkyd Resins) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Fumaric Acid (Alkyd Resins) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Fumaric Acid (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Fumaric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Fumaric Acid (Food and Beverage Industry) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Fumaric Acid (Food and Beverage Industry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Fumaric Acid (Cosmetics Industry) Market: Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Fumaric Acid (Cosmetics Industry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Fumaric Acid (Pharmaceutical Industry) Market: Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Fumaric Acid (Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Fumaric Acid (Chemical Industry) Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Fumaric Acid (Chemical Industry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Asia Pacific: Fumaric Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Asia Pacific: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: North America: Fumaric Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: North America: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Europe: Fumaric Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Europe: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Middle East and Africa: Fumaric Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Middle East and Africa: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Latin America: Fumaric Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Latin America: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Fumaric Acid Manufacturing: Process Flow


List of Tables

Table 1: Fumaric Acid: General Properties
Table 2: Global: Fumaric Acid Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Fumaric Acid Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: Fumaric Acid Market Forecast: Breakup by End-Use Industry (in Million US$), 2019-2024
Table 5: Global: Fumaric Acid Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Fumaric Acid: Raw Material Requirements
Table 7: Global: Fumaric Acid Market Structure
Table 8: Global: Fumaric Acid Market: Key Players


  Submit Request    

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Special Prices

    IMARC provides special pricing for:

  • Academic Institutes
  • Government Agencies
  • Nonprofit Organizations
  • For more information, feel free to contact us.






Related Report