The United States fumaric acid market is currently witnessing moderate growth. Fumaric acid, or trans-butenedioic acid, is an organic, white crystalline compound used as a flavoring agent in various food products. It is commonly found in lichens, mosses and mushrooms and is used as a preservative, acidulant, pH adjusting agent and flavor enhancer in bakery products, confectioneries and beverages. It can also act as a substitute for tartaric acid in drinks and baking powders. In addition to this, fumaric acid also finds extensive application in the production of various pharmaceutical products, cosmetics, synthetic resins, paints and plastics.
The United States is one of the largest consumers of fumaric acid in the North American region. With the increasing sedentary lifestyles and changing dietary patterns, there is a rising demand for ready-to-eat (RTE) and convenience food products that are manufactured using fumaric acid for enhanced stability and flavor. The acid is also added to energy drinks and alcoholic beverages to provide an intense aftertaste to the product. The extensive utilization of the acid in various foods and beverages is creating a positive outlook for the market in the country. Furthermore, fumaric acid is widely used as a stabilizing agent in the manufacturing of paints, alkyd resins and unsaturated polyester resins, which, in turn, is contributing to the market growth. Other factors, including extensive research and development (R&D) activities across the country to produce bio-based fumaric acid, are driving the market further. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States fumaric acid market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and end use industry.
Breakup by Application:
- Food Additives
- Rosin-Sized Sheathing Paper
- Unsaturated Polyester Resins
- Alkyd Resins
- Others
Breakup by End Use Industry:
- Food and Beverages Industry
- Cosmetics Industry
- Pharmaceutical Industry
- Chemical Industry
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
- How has the United States fumaric acid market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States fumaric acid market?
- What are the key regional markets?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States fumaric acid market and who are the key players?
- What is the degree of competition in the industry?
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 Key Industry Trends
5 United States Fumaric Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 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
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 Northeast
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Midwest
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 South
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 West
8.4.1 Market Trends
8.4.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 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 Price Analysis
13 Policy and Regulatory Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: United States: Fumaric Acid Market: Major Drivers and Challenges
Figure 2: United States: Fumaric Acid Market: Sales Value (in Million US$), 2015 – 2020
Figure 3: United States: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Fumaric Acid Market: Breakup by Application (in %), 2020
Figure 5: United States: Fumaric Acid Market: Breakup by End Use Industry (in %), 2020
Figure 6: United States: Fumaric Acid Market: Breakup by Region (in %), 2020
Figure 7: United States: Fumaric Acid (Food Additives) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: United States: Fumaric Acid (Food Additives) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: United States: Fumaric Acid (Rosin-Sized Sheathing Paper) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: United States: Fumaric Acid (Rosin-Sized Sheathing Paper) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: United States: Fumaric Acid (Unsaturated Polyester Resins) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: United States: Fumaric Acid (Unsaturated Polyester Resins) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: United States: Fumaric Acid (Alkyd Resins) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: United States: Fumaric Acid (Alkyd Resins) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: United States: Fumaric Acid (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: United States: Fumaric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: United States: Fumaric Acid (Food and Beverage Industry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: United States: Fumaric Acid (Food and Beverage Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Fumaric Acid (Cosmetics Industry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Fumaric Acid (Cosmetics Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: United States: Fumaric Acid (Pharmaceutical Industry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: United States: Fumaric Acid (Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: United States: Fumaric Acid (Chemical Industry) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: United States: Fumaric Acid (Chemical Industry) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Fumaric Acid (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Fumaric Acid (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Northeast: Fumaric Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Northeast: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Midwest: Fumaric Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Midwest: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: South: Fumaric Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: South: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: West: Fumaric Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: West: Fumaric Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Fumaric Acid Industry: SWOT Analysis
Figure 36: United States: Fumaric Acid Industry: Value Chain Analysis
Figure 37: United States: Fumaric Acid Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Fumaric Acid Market: Key Industry Highlights, 2020 and 2026
Table 2: United States: Fumaric Acid Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: United States: Fumaric Acid Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 4: United States: Fumaric Acid Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: United States: Fumaric Acid Market: Competitive Structure
Table 6: United States: Fumaric Acid Market: Key Players