Global Fumaric Acid Market Report 2019: Market was Worth US$ 631 Million in 2018 and is Projected to Reach US$ 855 Million by 2024
DUBLIN, Feb. 27, 2019 /PRNewswire/ -- The "Fumaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global fumaric acid market was worth US$ 631 Million in 2018
Similar to malic acid, fumaric acid helps in the production of energy from food in the form of ATP. It is the strongest organic food acid as it a has higher relative sourness than other acidulants. Therefore, it offers long-lasting sourness and flavor as well as decreases the pH with minimal added sourness when used as a food additive. Commercially available in the form of dry powder, liquid or large pellet crystals, fumaric acid is also used in the manufacturing of medicines, animal feed, unsaturated polyester, cleaning agents and printing inks.
Global Fumaric Acid Market Drivers:
Fumaric acid is used as an acidulant, pH controller and flavor enhancer in the food and beverage industry. The rising popularity of processed foods, along with the increasing use of flavoring agents, is augmenting the demand for fumaric acid globally. Additionally, the presence of carbon-carbon double bonds and two carboxylic groups makes fumaric acid chemically suitable for polymerization and esterification reaction.
As a result, it is widely employed in the production of alkyd and polyester resins which are durable, have a hard structure and offer high resistance to chemical corrosion. Besides this, it is also used for manufacturing body panels for both light- and heavy-duty vehicles.
Looking forward, the market value is projected to reach US$ 855 Million by 2024, exhibiting a CAGR of around 5% during 2019-2024.
Market Summary:
- Based on the application, the market has been segmented into food additives, rosin-sized sheathing paper, unsaturated polyester resins, alkyd resins and others. Food additives currently represent the biggest application segment.
- Based on the end-use industry, the market has been segmented into food and beverages, cosmetics, pharmaceuticals and chemicals.
- Asia Pacific is the biggest market for fumaric acid, accounting for the majority of the global share.
Key Questions Answered in This Report:
- How has the global fumaric acid market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global fumaric acid industry?
- What is the breakup of the global fumaric acid market on the basis of application?
- What is the breakup of the global fumaric acid market on the basis of end-use industry?
- What are the various stages in the value chain of the global fumaric acid market?
- What are the key driving factors and challenges in the global fumaric acid market?
- What is the structure of the global fumaric acid market and who are the key players?
- What is the degree of competition in the global fumaric acid market?
- How is fumaric acid manufactured?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Fumaric Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Application
5.4 Market Breakup by End-Use Industry
5.5 Market Breakup by Region
5.6 Market Forecast
6 Market Breakup by Application
6.1 Food Additives
6.2 Rosin-Sized Sheathing Paper
6.3 Unsaturated Polyester Resins
6.4 Alkyd Resins
6.5 Others
7 Market Breakup by End-Use Industry
7.1 Food and Beverages Industry
7.2 Cosmetics Industry
7.3 Pharmaceutical Industry
7.4 Chemical Industry
8 Market Breakup by Region
9 Global Fumaric Acid Industry: SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Global Fumaric Acid Industry: Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Procurement
10.4 Manufacturing
10.5 Marketing
10.6 Distribution
10.7 End-Use
11 Global Fumaric Acid Industry: 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 Global Fumaric Acid Industry: Price Analysis
12.1 Price Indicators
12.2 Price Structure
12.3 Margin Analysis
13 Fumaric Acid Manufacturing Process
13.1 Product Overview
13.2 Raw Material Requirements
13.3 Manufacturing Process
13.4 Key Success and Risk Factors
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- Bartek Ingredients Inc.
- Dastech International
- Fuso Chemical Co. Ltd.
- Polynt
- Prinova Group
- Changzhou Yabang Chemical Co. Ltd.
- Nippon Shokubai
- The Chemical Company
- Thirumalai Chemicals
- U.S. Chemicals
- Wego Chemical Group
- Huntsman Corporation.
For more information about this report visit https://www.researchandmarkets.com/research/79663z/global_fumaric?w=5
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