Lewes, DE -- (SBWire) -- 11/21/2018 --Global Fumaric Acid market will register a 3.1% CAGR in terms of revenue, reach US$ 590 million by 2023, from US$ 490 million in 2017.
Fumaric acid or trans-butenedioic acid is a white crystalline chemical compound. Fumaric acid is used in the manufacture of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, printing inks, and many others.
The technical barriers of fumaric acid are not high, and the major players are Yantai Hengyuan Bioengineering, Fuso Chemicals, Jiangsu Jiecheng Bioengineering, Changzhou Yabang Chemical, Sealong Biotechnology, Changmao Biochemical Engineering, Suzhou Youhe Science and Technology, and XST Biological. These companies mainly concentrate in Japan, China, and Europe. China is the largest consumer, almost 30% of total consumption in 2015, followed by Europe with 20% of sales share.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in fumaric acid industry will become more intense.
Over the next five years, Study projects that Fumaric Acid will register a 3.1% CAGR in terms of revenue, reach US$ 590 million by 2023, from US$ 490 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Yantai Hengyuan Bioengineering
Bartek Ingredients
Polynt
Thirumalai Chemical
Isegen
Fuso Chemicals
Jiangsu Jiecheng Bioengineering
Changzhou Yabang Chemical
NIPPON SHOKUBAI
Sealong Biotechnology
Changmao Biochemical Engineering
Suzhou Youhe Science and Technology
XST Biological
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Food-Grade
Technical-Grade
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Food & Beverages
Rosin Paper Sizes
Unsaturated Polyester Resin
Alkyd Resins
Others
Spanning over 146 pages "Forecast of Global Fumaric Acid Market 2023" report covers Fumaric Acid Market Overview, Global Fumaric Acid Sales, Revenue (Value) and Market Share by Players, Global Fumaric Acid Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Fumaric Acid Sales, Revenue and Price, Europe Top 5 Players Fumaric Acid Sales, Revenue and Price, Asia-Pacific Top 5 Players Fumaric Acid Sales, Revenue and Price, South America Top 5 Players Fumaric Acid Sales, Revenue and Price, Middle East & Africa Top 5 Players Fumaric Acid Sales, Revenue and Price, Global Fumaric Acid Players Profiles/Analysis, Global Fumaric Acid Market Forecast (2018-2023), Fumaric Acid Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.
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