Pune, Maharashtra -- (SBWIRE) -- 02/06/2019 -- As per research analysis by Fact.MR on fumaric acid market at a global level, it is expected to soar at a high value CAGR of 6.8% throughout the period of assessment (2017-2026). Moreover, considering current market scenario and forecast analysis done in the study, the sale of fumaric acid across various industrial applications is estimated to reach a value of around US$ 630 Mn by end of the period of forecast (2026).

Asia Pacific Excluding Japan (APEJ) to Offer Lucrative Opportunities for Fumaric Acid

Asia Pacific excluding Japan (APEJ) region is known as the manufacturing hub where several manufacturers have set up plants to cater to the growing needs of the population in their respective domains. Chemical companies have tapped the Indian market due to various reasons for instance, cheap land availability and labor. The use of fumaric acid in chemicals, especially in manufacturing of resins and paints has driven its consumption in the region since last decade. Moreover, the food and beverage industry in APEJ is also expected to grow at a high scale. Driven by increasing health awareness and foody nature of the population in this region, several food innovations and introduction of various health products has been witnessed. This has spurred the use of fumaric acid in the region as it is used in producing various energy drinks, health beverages and other food products. Fumaric acid is mainly used for its preservation qualities and maintaining the taste, texture and color of the food item. Consumption of fumaric acid in APEJ is projected to grow at a comparatively higher rate of over 7% during the period of forecast.

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Competition Tracking

Key players operating in the global fumaric acid are Bartek Ingredients, Thirumalai Chemicals, Polynt S.P.A, Nippon Shokubai Co. Ltd., Tianjin Bohai Chemicals, The Chemical Company, Wego Chemical Group and Changzhou Yabang Chemical Co. Ltd.

Global market for fumaric acid is expected to witness a stellar growth in the years to follow. Key players are focusing on improvising their manufacturing process to achieve higher production capacities and quality fumaric acid. This is to cater to the growing demand of fumaric acid in preservatives, bakery products, as flavoring agents, in wine, in juices, paints, resins, as well as body cleansing agents.

Growing applications of fumaric acid continue to support the global market's growth during the period assessment. Since past few years, application of fumaric acid has risen across various end use industries. Food and beverage sector plays a major role in pushing the sale of fumaric acid where it is used in food processing as well as in ready to drink beverages. The demand for energy drinks has reached its peak as increasing number of athletes are showing high inclination toward energy drinks. Fumaric acid plays a vital role in energy drink manufacturing, for stabilizing the beverage and in maintaining its quality over time. On the other hand, the main use of fumaric acid in UPR (Unsaturated Polyester Resins) and alkyd resins is to maintain the unsaturated molecular chain. Alkyd resins and unsaturated polyester resins' demand is expected to rise in the coming years as they are widely used in construction and automotive production. This has spurred the demand and production of fumaric acid across the globe owing to increasing construction activities, remodeling activities and growing automotive industry.

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Table of Contents Covered in the report are:

1. Global Economic Outlook

2. Global Fumaric Acid Market - Executive Summary
2.1. Opportunity Analysis & Megatrends

3. Global Fumaric Acid Market Overview
3.1. Introduction
3.1.1. Global Fumaric Acid Market Taxonomy
3.1.2. Global Fumaric Acid Market Definition
3.2. Global Fumaric Acid Market Size (US$ Mn & Volume (Tons)) and Forecast, 2012-2026
3.2.1. Global Fumaric Acid Market Y-o-Y Growth
3.3. Global Fumaric Acid Market Dynamics
3.4. Risk Heat Map
3.5. Supply Chain
3.6. Cost Structure
3.7. Pricing Analysis
3.8. Investment Feasibility Matrix
3.9. Competition Matrix
3.10. Key Regions Trade Analysis
3.11. PESTLE Analysis
3.12. Product Lifecycle
3.13. Organic Acids Market Scenario
3.14. Market Attractiveness
3.15. Key Participants Market Presence (Intensity Map) By Region

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4. Global Fumaric Acid Market Analysis and Forecast 2012-2026
4.1. Global Fumaric Acid Market Size and Forecast By Extraction Type, 2012-2026
4.1.1. Fumaria Officinalis Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Maleic Anhydride Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Fermentation Market Size and Forecast, 2012-2026
4.1.3.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.2. Global Fumaric Acid Market Size and Forecast By End Use Industry, 2012-2026
4.2.1. Food and Beverage Industry Market Size and Forecast, 2012-2026
4.2.1.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.1.2. Market Share Comparison, By Region
4.2.1.3. Y-o-Y growth Comparison, By Region
4.2.2. Cosmetic Industry Market Size and Forecast, 2012-2026
4.2.2.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.2.2. Market Share Comparison, By Region
4.2.2.3. Y-o-Y growth Comparison, By Region
4.2.3. Pharmaceutical Industry Market Size and Forecast, 2012-2026
4.2.3.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.3.2. Market Share Comparison, By Region
4.2.3.3. Y-o-Y growth Comparison, By Region
4.2.4. Chemical Industry Market Size and Forecast, 2012-2026
4.2.4.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.4.2. Market Share Comparison, By Region
4.2.4.3. Y-o-Y growth Comparison, By Region
4.3. Global Fumaric Acid Market Size and Forecast By Application, 2012-2026
4.3.1. Food Additives Market Size and Forecast, 2012-2026
4.3.1.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.3.1.2. Market Share Comparison, By Region
4.3.1.3. Y-o-Y growth Comparison, By Region
4.3.2. Rosin Paper Sizes Market Size and Forecast, 2012-2026
4.3.2.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.3.2.2. Market Share Comparison, By Region
4.3.2.3. Y-o-Y growth Comparison, By Region
4.3.3. Unsaturated Polyester Resins (UPR) Market Size and Forecast, 2012-2026
4.3.3.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.3.3.2. Market Share Comparison, By Region
4.3.3.3. Y-o-Y growth Comparison, By Region
4.3.4. Alkyd Resins Market Size and Forecast, 2012-2026
4.3.4.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.3.4.2. Market Share Comparison, By Region
4.3.4.3. Y-o-Y growth Comparison, By Region
4.3.5. Animal Feed Market Size and Forecast, 2012-2026
4.3.5.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.3.5.2. Market Share Comparison, By Region
4.3.5.3. Y-o-Y growth Comparison, By Region
4.3.6. Others Market Size and Forecast, 2012-2026
4.3.6.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.3.6.2. Market Share Comparison, By Region
4.3.6.3. Y-o-Y growth Comparison, By Region

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5. North America Fumaric Acid Market Size and Forecast, 2012-2026
5.1. North America Outlook
5.2. North America Chemical Sector Outlook
5.3. North America Fumaric Acid Market Outlook
5.4. Revenue (US$ Mn) & Volume (Tons) Comparison, By Country
5.4.1. US Market Size and Forecast (US$ Mn) & Volume (Tons), 2012-2026
5.4.2. Canada Market Size and Forecast (US$ Mn) & Volume (Tons), 2012-2026
5.5. Revenue (US$ Mn) & Volume (Tons) Comparison, By Extraction Type
5.6. Revenue (US$ Mn) & Volume (Tons) Comparison, By End Use Industry
5.5. Revenue (US$ Mn) & Volume (Tons) Comparison, By Application

6. Latin America Fumaric Acid Market Size and Forecast, 2012-2026
6.1. Latin America Outlook
6.2. Latin America Chemical Sector Outlook
6.3. Latin America Fumaric Acid Market Outlook
6.4.1. Brazil Market Size and Forecast (US$ Mn) & Volume (Tons), 2012-2026
6.4.2. Mexico Market Size and Forecast (US$ Mn) & Volume (Tons), 2012-2026
6.4.3. Rest of Latin America Market Size and Forecast (US$ Mn) & Volume (Tons), 2012-2026
6.4. Revenue (US$ Mn) & Volume (Tons) Comparison, By Country
6.5. Revenue (US$ Mn) & Volume (Tons) Comparison, By Extraction Type
6.6. Revenue (US$ Mn) & Volume (Tons) Comparison, By End Use Industry
6.7. Revenue (US$ Mn) & Volume (Tons) Comparison, By Application

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