Fumaric Acid Market Size, Share, Leading Players and Analysis up to 2026

OCT 21, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Fumaric Acid Market.

Fumaric Acid Market is likely to witness a healthy CAGR of 4% during the forecast period. The constantly growing applications of fumaric acid in food and beverage industry, rising standard of living of people and economic development, especially in countries such as India and China are likely to contribute towards the market growth over the forecast period.

Fumaric acid is an organic compound which has fruit-like taste. Fumaric acid is extensively used as a food additive. It is also known as trans-butenedioic acid.

Based on the application type, the market is segmented as food and beverage processing, rosin paper sizing, unsaturated polyester resin, alkyd resin, personal care & cosmetics, and others. The food and beverage processing segment is likely to dominate the market, as fumaric acid is the majorly used food additive for keeping processed food stable. Also, this additive decreases the pH value with minimum additional sourness.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for fumaric acid market during the forecast period, driven by China. Also, high demand for packed foods, increasing per-capita income, and growing population to also contribute towards the region’s growth over the next five years.

Key Players:

  • Anmol Chemicals
  • Bartek Ingredients Inc.
  • ESIM Chemicals
  • FUSO CHEMICAL CO. LTD
  • Merck KGaA
  • Polynt
  • Shanghai Changmao Biochemical Engineering Co., Ltd..
  • Thirumalai Chemicals Ltd,
  • UPC Group
  • Yongsan Chemicals Inc.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Fumaric Acid Market analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors
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