Fumaric Acid Market
Global Fumaric Acid Market Size, Share & Trends Analysis Report by Type (Food Grade and Technical Grade), and by Applications (Food & Beverage Additives, Personal Care & Cosmetics, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, and Others) Forecast, 2021-2027 Update Available - Forecast 2024-2030
Fumaric acid is an organic compound with a white solid form and it occurs widely in nature. It has a fruit-like taste and has been used as a food additive and other technical grades. The global fumaric acid market is projected to grow at a CAGR of 5.3% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the growth in the applications of the market such as food & beverage additives, personal care & cosmetics, rosin paper sizing, unsaturated polyester resin, alkyd resin, and other. The food & beverage additives application segment plays a major role in catalyzing the growth of the market during the forecast period. In the food & beverage industry, fumaric acid is primarily used as an ingredient in energy drinks. As the demand for the energy drink reaches its peak owing to the rising number of athletes and sportsmen, the market is expected to witness substantial growth during the forecast period.
Another factor that propels the growth of the market is the increasing demand for alkyd resins and unsaturated polyester resins from the construction and automotive production industries. Fumaric acid is extensively used in unsaturated polyester resins and alkyd resins to maintain the unsaturated molecular chain. Hence, this is further likely to bolster the growth of the market over the forecast period.
Segmental Outlook
The global fumaric acid market is segmented on the basis of type and applications. Based on the type, the market is segmented as food grade and technical grade. Based on the applications, the market is segmented as food & beverage additives, personal care & cosmetics, rosin paper sizing, unsaturated polyester resin, alkyd resin, and other.
Technical Grade Fumaric Acid Segment to Hold a Substantial Market Share
Amongst the type segment of the global fumaric acid, the technical grade fumaric acid segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the wide range of applications of fumaric acid for technical uses such as pharmaceutical, personal care & cosmetics, rosin paper sizing, unsaturated polyester resin, alkyd resin, and others. There has been an increased demand for unsaturated polyester resin in end-use industries such as aerospace, marine, and tank and pipes, which is anticipated to drive the market growth during the forecast period. Some other applications of fumaric acid include lubricating oil, plasticizers, and lacquers which also tend to drive the global fumaric acid market growth during the forecast period.
Global Fumaric Acid Market, by Type 2020 (%)
Regional Outlook
The global fumaric acid market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the fumaric acid market in the region. The regional growth of the market is accredited to the higher demand for convenience food across the region. Increased per capita middle-class disposable income in the Asia-Pacific region along with the population explosion are some other factors that drive the regional market growth. Besides, growing construction and remodeling activities in the Asia-Pacific are further fuels the growth of the market.
Global Fumaric Acid Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global fumaric acid market include Merck Group, Nippon Shokubai Co. Ltd., Tate & Lyle PLC, The Chemical Co., Fuso Chemical Co. Ltd., and UPC Group among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fumaric acid market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Fumaric Acid Market by Type
5.1.1. Food Grade
5.1.2. Technical Grade
5.2. Global Fumaric Acid Market by Applications
5.2.1. Food & Beverage Additives
5.2.2. Personal Care & Cosmetics
5.2.3. Rosin Paper Sizing
5.2.4. Unsaturated Polyester Resin
5.2.5. Alkyd Resin
5.2.6. Other (Animal Feed Additive)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AIE Pharmaceuticals Inc.
7.2. Bartek Ingredients Inc.
7.3. Changzhou Yabang Chemical Co. Ltd.
7.4. ESIM Chemicals
7.5. Fuso Chemical Co. Ltd.
7.6. Merck Group
7.7. Nippon Shokubai Co. Ltd.
7.8. Penta Manufacturing Co
7.9. Polynt S.P.A.
7.10. Prinova LLC
7.11. Tate & Lyle PLC
7.12. TCI America, Inc.
7.13. The Chemical Co.
7.14. Thirumalai Chemicals Ltd.
7.15. Tianjin Bohai ChemicalsIndustry Group Corp.
7.16. UPC Group
7.17. Wego Chemical Group
7.18. XST Biological Co., Ltd.
7.19. Yongsan Chemicals Inc.
1. GLOBAL FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL FOOD GRADE FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL TECHNICAL GRADE FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
5. GLOBAL FOOD & BEVERAGE ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL PERSONAL CARE & COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL ROSIN PAPER SIZING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL UNSATURATED POLYESTER RESIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL ALKYD RESIN MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
14. NORTH AMERICAN FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
15. EUROPEAN FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. EUROPEAN FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
17. EUROPEAN FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
21. REST OF THE WORLD FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. REST OF THE WORLD FUMARIC ACID MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2020-2027 ($ MILLION)
1. GLOBAL FUMARIC ACID MARKET SHARE BY TYPE, 2020 VS 2027 (%)
2. GLOBAL FUMARIC ACID MARKET SHARE BY APPLICATIONS, 2020 VS 2027 (%)
3. GLOBAL FUMARIC ACID MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. US FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
6. UK FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
11. ROE FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
15. ASEAN FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD FUMARIC ACID MARKET SIZE, 2020-2027 ($ MILLION)
