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Global Fumaric Acid Market Size study, by Application (Food & Beverages, Rosin Paper Sizes, Unsaturated Polyester Resins (UPR), Alkyd Resins, Others) and Regional Forecasts 2022-2028

  • BIZ4983519
  • 200 Pages
  • July 2022
  • Materials and Chemicals
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Global Fumaric Acid Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Fumaric acid, a white solid, is abundant in nature. It has a fruity flavour and is used as a culinary additive. The growing popularity of processed foods and demand for ready-to-drink beverages is projected to continue to drive growth. Fumaric acid is used in food and beverages as an acidulant, preservative, flavour enhancer, and pH adjuster. Rising living standards, combined with economic development, notably in Asia Pacific nations like as China and India, are expected to fuel consumption of processed foods and drinks, boosting global market growth. Rising nutritional diet preference and consumer health consciousness are projected to boost demand for processed foods and beverages. This factor is likely to raise fumaric acid demand. Fumaric acid demand is anticipated to increase with the introduction of a variety of flavours, particularly distinctive and ethnic cuisines, into the food and beverage sector. . Rising development and remodelling activity in Asia Pacific and Latin America is predicted to fuel demand for Unsaturated Polyester Resin (UPR). Fumaric acid is used in the manufacture of UPR and alkyd resins. Paint demand is likely to rise as construction activity expands. Thus, increased construction activity is likely to boost UPR and paints consumption, propelling the fumaric acid market forward. The global increase in automotive production is expected to have a beneficial impact on the market. UPR based on fumaric acid is used in the production of body panels for heavy and medium load automobiles. Increased application in pharmaceuticals is also projected to boost global market growth. Fumaric acid is also being promoted as a possible replacement for synthetic organic acids such as citric acid and tartaric acid in fruit syrups and snacks. This, in turn, is projected to generate prospects for growth in the foreseeable future. However, stringent government regulations imposed in response to growing environmental concerns about reducing carbon footprints in the atmosphere hamper market progress from 2022 to 2028.

The key regions considered for the Global Fumaric Acid Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of demand, Asia Pacific was the largest regional market in 2021 and is likely to maintain its dominance during the projection period. The regional product demand is predicted to be driven by high demand for convenience food, an increase in per capita middle-class disposable income, and population growth. Growing construction and remodelling activities in Asia Pacific are likely to boost expansion even further. Rising automotive industries in Asia Pacific rising economies such as Thailand and Indonesia are likely to fuel the regional market.

Major market player included in this report are:

Bartek Ingredients

Prinova LLC

Polynt S.P.A

Fuso Chemicals

Dastech International Inc.

Thirumalai Chemicals

Xilong Chemical Company Ltd

Nippon Shokbai Co. Ltd

Tianjin Bohai Chemicals

Wego Chemicals & Mineral Corp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:

Food & Beverages

Rosin Paper Sizes

Unsaturated Polyester Resins (UPR)

Alkyd Resins

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Fumaric Acid Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Fumaric Acid Market, by Region, 2020-2028 (USD Billion)

1.2.2. Fumaric Acid Market, by Application, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Fumaric Acid Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Fumaric Acid Market Dynamics

3.1. Fumaric Acid Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Rising popularity of processed food and demand for ready-to-drink beverages

3.1.1.2. Rising standard of living coupled with economic development particularly

3.1.2. Market Challenges

3.1.2.1. Stringent government regulations owing to growing environmental concern to reduce carbon footprints into the atmosphere

3.1.3. Market Opportunities

3.1.3.1. Rising preference for nutritional diet consumer health consciousness

Chapter 4. Global Fumaric Acid Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Fumaric Acid Market, by Application

6.1. Market Snapshot

6.2. Global Fumaric Acid Market by Application, Performance - Potential Analysis

6.3. Global Fumaric Acid Market Estimates & Forecasts by Application 2018-2028 (USD Billion)

6.4. Fumaric Acid Market, Sub Segment Analysis

6.4.1. Food & Beverages

6.4.2. Rosin Paper Sizes

6.4.3. Unsaturated Polyester Resins (UPR)

6.4.4. Alkyd Resins

6.4.5. Others

Chapter 7. Global Fumaric Acid Market, Regional Analysis

7.1. Fumaric Acid Market, Regional Market Snapshot

7.2. North America Fumaric Acid Market

7.2.1. U.S. Fumaric Acid Market

7.2.1.1. Application breakdown estimates & forecasts, 2018-2028

7.2.2. Canada Fumaric Acid Market

7.3. Europe Fumaric Acid Market Snapshot

7.3.1. U.K. Fumaric Acid Market

7.3.2. Germany Fumaric Acid Market

7.3.3. France Fumaric Acid Market

7.3.4. Spain Fumaric Acid Market

7.3.5. Italy Fumaric Acid Market

7.3.6. Rest of Europe Fumaric Acid Market

7.4. Asia-Pacific Fumaric Acid Market Snapshot

7.4.1. China Fumaric Acid Market

7.4.2. India Fumaric Acid Market

7.4.3. Japan Fumaric Acid Market

7.4.4. Australia Fumaric Acid Market

7.4.5. South Korea Fumaric Acid Market

7.4.6. Rest of Asia Pacific Fumaric Acid Market

7.5. Latin America Fumaric Acid Market Snapshot

7.5.1. Brazil Fumaric Acid Market

7.5.2. Mexico Fumaric Acid Market

7.6. Rest of The World Fumaric Acid Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. Bartek Ingredients

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Application Summary

8.2.1.5. Recent Developments

8.2.2. Prinova LLC

8.2.3. Polynt S.P.A

8.2.4. Fuso Chemicals

8.2.5. Dastech International Inc.

8.2.6. Thirumalai Chemicals

8.2.7. Xilong Chemical Company Ltd

8.2.8. Nippon Shokbai Co. Ltd

8.2.9. Tianjin Bohai Chemicals

8.2.10. Wego Chemicals & Mineral Corp.

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

List of Tables

TABLE 1. Global Fumaric Acid Market, report scope

TABLE 2. Global Fumaric Acid Market estimates & forecasts by Region 2018-2028 (USD Billion)

TABLE 3. Global Fumaric Acid Market estimates & forecasts by Application 2018-2028 (USD Billion)

TABLE 4. Global Fumaric Acid Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 5. Global Fumaric Acid Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 6. Global Fumaric Acid Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 7. Global Fumaric Acid Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 8. Global Fumaric Acid Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 9. Global Fumaric Acid Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 10. Global Fumaric Acid Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 11. Global Fumaric Acid Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 12. Global Fumaric Acid Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 13. Global Fumaric Acid Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 14. U.S. Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 15. U.S. Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 16. U.S. Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 17. Canada Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 18. Canada Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 19. Canada Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 20. UK Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 21. UK Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 22. UK Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 23. Germany Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 24. Germany Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 25. Germany Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 26. RoE Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 27. RoE Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 28. RoE Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 29. China Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 30. China Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 31. China Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 32. India Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 33. India Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 34. India Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 35. Japan Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 36. Japan Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 37. Japan Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 38. RoAPAC Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 39. RoAPAC Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 40. RoAPAC Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 41. Brazil Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 42. Brazil Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 43. Brazil Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 44. Mexico Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 45. Mexico Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 46. Mexico Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 47. RoLA Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 48. RoLA Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 49. RoLA Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 50. Row Fumaric Acid Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 51. Row Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 52. Row Fumaric Acid Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 53. List of secondary sources, used in the study of global Fumaric Acid Market

TABLE 54. List of primary sources, used in the study of global Fumaric Acid Market

TABLE 55. Years considered for the study

TABLE 56. Exchange rates considered

 
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