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Fumaric Acid Market Report
The Fumaric Acid Market is Segmented by Product Type (Food Grade, Technical Grade), by Application Type (Food and Beverage Processing, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, Personal Care & Cosmetics, and Others), and by Region ...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Fumaric acid market is likely to witness a healthy CAGR of 4% during the forecast period. The constantly growing applications of fumaric acid in food and beverage industry, rising standard of living of people and economic development, especially in countries such as India and China are likely to contribute towards the market growth over the forecast period.
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Fumaric Acid Market - Snapshot |
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Growth |
4% for the next five years |
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Major Application Type |
Food and Beverage Processing |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Anmol Chemicals, Bartek Ingredients Inc., ESIM Chemicals, FUSO CHEMICAL CO. LTD, Merck KGaA, Polynt, Shanghai Changmao Biochemical Engineering Co., Ltd.., Thirumalai Chemicals Ltd, UPC Group, and Yongsan Chemicals Inc. |
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Based on the application type, the market is segmented as food and beverage processing, rosin paper sizing, unsaturated polyester resin, alkyd resin, personal care & cosmetics, and others. The food and beverage processing segment is likely to dominate the market, as fumaric acid is the majorly used food additive for keeping processed food stable. Also, this additive decreases the pH value with minimum additional sourness.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for fumaric acid market during the forecast period, driven by China. Also, high demand for packed foods, increasing per-capita income, and growing population to also contribute towards the region’s growth over the next five years.
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Some of the major fumaric acid manufacturers are-
Fumaric acid is an organic compound which has fruit-like taste. Fumaric acid is extensively used as a food additive. It is also known as trans-butenedioic acid.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Fumaric Acid Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The fumaric acid market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The fumaric acid market is expected to witness an impressive growth of 4% CAGR in the foreseeable future.
Anmol Chemicals, Bartek Ingredients Inc., ESIM Chemicals, FUSO CHEMICAL CO. LTD, Merck KGaA, Shanghai Changmao Biochemical Engineering Co., Ltd.., Thirumalai Chemicals Ltd, UPC Group, and Yongsan Chemicals Inc. are among the key players in the fumaric acid market.
Asia-Pacific is expected to remain the largest fumaric acid market during the next five years.
The food and beverage processing segment is expected to remain dominant in the fumaric acid market in the coming years.
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