Fumaric Acid Market | Covid-19 Impact Analysis

Fumaric Acid Market Insights

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.

Market Share Analysis

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Fumaric Acid Market Share: By Application Type

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.

Fumaric Acid Market Share: By Region

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-

• 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
• Yongsan Chemicals Inc.

Market Scope & Segmentation

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.

The fumaric acid market is segmented into the following categories. 

Fumaric Acid Market Size, Share, & Forecast, by Product Type:

• Food Grade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Technical Grade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fumaric Acid Market Size, Share, & Forecast, by Application Type:

• Food and Beverage Processing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rosin Paper Sizing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Unsaturated Polyester Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Alkyd Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Personal Care & Cosmetics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Fumaric Acid Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

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.

Report Features

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:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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].