A research study titled, “Fumaric acid market by source, function and application – Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Fumaric acid market is projected to be around $901.63 million by 2025.
Check sample pages of this report:
Fumaric acid market- Report Overview:
The global fumaric acid market was valued around USD 0.41 billion in 2016 and is expected to reach roughly USD 0.72 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.35% during the forecast period, owing to the rise in popularity of processed food together with availability of ready-to-drink beverages. Fumaric acid plays the role of a food additive (acidulant) and renders pH adjustment, flavor improvement, and preservation in beverages & food.
Increasing economic development together with living standard particularly in developing countries such as India, China is expected to boost the consumption of processed beverages & food which will consecutively augment the growth of the global market. The change in trend for dietary consumption joined with rising health consciousness amongst customers is anticipated to boost the demand of processed beverages & food. This factor is probable to drive the growth of the fumaric acid market during the forecast years.
Fumaric acid market- Regional Outlook:
In 2013, Asia Pacific region was the top market concerning demand of fumaric acid and is anticipated to persist its supremacy during the forecast period. Rising demand of convenience food together with a rise in middle-class disposable earning as well as population growth is anticipated to drive the demand of fumaric acid in this region. Increasing remodeling and construction in Asia Pacific region is also projected to fuel the growth of the regional market.
Growing automobile industry in developing countries of Asia Pacific like Indonesia and Thailand are estimated to boost the market growth of fumaric acid in the area. North America region was the subsequent largest market for the fumaric acid; however it is said to observe a declination in demand during the forecast years due to strict government regulations about the utilization of alkyd resins. After North America, Europe is also anticipated to experience a turn down in demand of fumaric acid due to saturation of the market in various industries.
Fumaric acid market – Top Major Market Players:
The global fumaric acid market is reasonably dominated by and concentrated in few key players such as Prinova LLC, Bartek Ingredients, Fuso Chemicals and Polynt S.P.A. Other key market players include Thirumalai Chemicals, Dastech International Inc., Xilong Chemical Company Ltd, The Chemical Company, Tianjin Bohai Chemicals, Changzhou Yabang Chemical Co. Ltd, Nippon Shokubai Co. Ltd, U.S. Chemicals LLC, and Wego Chemicals & Mineral Corp.
Key Findings of the Research Study:
What was the fumaric acid market size in 2016 and forecast from 2017 to 2025?
What will be the industry fumaric acid market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry
trends and their impact on the fumaric acid market forecast?
What are the major segments leading the fumaric acid market growth and why?
Which are the leading players in the fumaric acid market and what are the major strategies adopted by them to sustain the fumaric acid market competition
List of Tables:
Table 1.Fumaric Acid Market, By Application ($Million), 2016-2025
Table 2.Food & Beverages Market, By Region ($Million), 2016-2025
Table 3.Rosin Paper Sizes Market, By Region ($Million), 2016-2025
Table 4.Unsaturated Polyester Resins (UPR) Market, By Region ($Million), 2016-2025
Table 5.Alkyd Resins Market, By Region ($Million), 2016-2025
Table 6.Other Applications Market, By Region ($Million), 2016-2025
Table 7.Fumaric Acid Market, By Region ($Million), 2016-2025
Table 8.North America Fumaric Acid Market, By Country, 2016-2025 ($Million)
List of Figures:
Figure 1.Fumaric Acid Market, By Application, 2016 & 2025 ($Million)
Figure 2.Fumaric Acid Market, By Region, 2016, ($Million)
Figure 3.Thirumalai Chemicals: Net Revenues, 2014-2016 ($Million)
Figure 4.Thirumalai Chemicals: Net Revenue Share, By Segment, 2016
Figure 5.Thirumalai Chemicals: Net Revenue Share, By Geography, 2016
Figure 6.Polynt S.P.A: Net Revenues, 2014-2016 ($Million)
Figure 7.Polynt S.P.A: Net Revenue Share, By Segment, 2016
Figure 8.Polynt S.P.A: Net Revenue Share, By Geography, 2016
Figure 9.Nippon Shokubai Co. Ltd.: Net Revenues, 2014-2016 ($Million)
Figure 10.Nippon Shokubai Co. Ltd.: Net Revenue Share, By Segment, 2016
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