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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358116

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358116

Fumaric Acid Market, By Type, By Application, By End User Industry, By Geography

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The Fumaric Acid Market was valued at US$ 266.4 Mn in 2022, and is expected to exhibit a CAGR of 4.6%, over the forecast period (2023-2030) to reach US$ 381.6 Mn by 2030.

Report Coverage Report Details
Base Year: 2022 Market Size in 2023: US$ 266.4 Mn
Historical Data for: 2018 to 2021 Forecast Period: 2023 - 2030
Forecast Period 2023 to 2030 CAGR: 4.60% 2030 Value Projection: US$ 381.6 Mn
Global Fumaric Acid Market Value Share (%), By Type, in 2022
Fumaric Acid Market - IMG1

Fumeric acid is a chemical compound that occurs in a wide range of plants like lichen and bolete mushrooms and has a fruity taste. Fumeric acid and its salts are also known as fumarates or fumarate esters. The name "fumarate" may also refer to a C2 compound. It is used in baking and desserts. This acid is highly acidic and give desserts a more intense aftertaste. Fumaric acid is used in puddings, gelatin desserts, condensed milk products, and pie fillings. It can be used in place of citric acid. Despite the sourness it adds, fumaric acid is still considered safe by the Food and Drug Administration (FDA).

Market Dynamics:

Growing applications in the food and beverage industry is primarily fuelling the growth of the fumeric acid market. Increasing demand from the pharmaceutical industry, where it is used in as a food additive, is again fostering the market growth. Additionally, the growing automobile production where it is used in the fabrication of body panels for heavy and light duty vehicles, is further anticipated to augment the market growth.

On the other, health hazards associated with fumeric acid are projected to hinder the market growth.

Rise in construction and remodelling activities across developing countries is creating demand for Unsaturated Polyester Resin (UPR). It is used in the production of UPR and alkyd resins, thus demand for paints is expected to grow due to growing construction activities.

Increasing investment in R &D by key players to develop bio-based fumaric acid is expected to uplift the market growth in the near future. For instance, in March 2020, Bartek Ingredients has announced a 10,000 million ton (Mt) malic acid capacity expansion by the first quarter of next year. The company specialises in malic acid, food-grade fumaric acid and maleic anhydride for food and beverage applications.

Key features of the study:

  • This report provides an in-depth analysis of the fumeric acid market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the fumeric acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
  • The key companies covered as a part of this study include Anmol Chemicals, Bartek Ingredients Inc., Changmao Biochemm, ESIM Chemicals, Fuso Chemical Co. Ltd, Merck KGaA, Polynt, Thirumalai Chemicals Ltd, UPC Group, Yongsan Chemicals Inc., and XST Biological Co. Ltd
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The fumeric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the fumeric acid market

Detailed Segmentation:

  • Fumaric Acid Market, By Type:
    • Food Grade
    • Technical Grade
  • Fumaric Acid Market, By Application:
    • Food & beverage Processing
    • Rosin Paper Sizing
    • Unsaturated Polyester Resin
    • Alkyd Resin
    • Personal Care & Cosmetics
    • Other Applications
  • Fumaric Acid Market, By End User Industry:
    • Food and Beverage
    • Cosmetics
    • Pharmaceutical
    • Chemical
    • Other End user Industries
  • Fumaric Acid Market, By Region:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles
    • Anmol Chemicals
    • Bartek Ingredients Inc.
    • Changmao Biochemm
    • ESIM Chemicals
    • Fuso Chemical Co., Ltd.
    • Merck KGaA
    • Polynt
    • Thirumalai Chemicals Ltd
    • UPC Group
    • Yongsan Chemicals Inc.
    • XST Biological Co. Ltd
Product Code: CMI5171

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snapshot, By Type
    • Market Snapshot, By Application
    • Market Snapshot, By End User Industry
    • Market Snapshot, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Growing demand from the food & beverage industry
    • Associated health hazards
    • Increasing demand from the construction and automobile industries
  • Impact Analysis
  • Key Highlights
  • Industry Trends
  • Regulatory Scenario
  • Product Launches/Approvals
  • PEST Analysis
  • PORTER's Analysis
  • Merger and Acquisition Scenario

4. Global Fumaric Acid Market - Impact of Coronavirus (COVID-19) Pandemic

  • COVID-19 Epidemiology
  • Supply Side and Demand Side Analysis
  • Economic Impact

5. Global Fumaric Acid Market, By Type, 2023-2030, (US$ Mn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2023-2030
    • Segment Trends
  • Food Grade
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
  • Technical Grade
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)

6. Global Fumaric Acid Market, By Application, 2023-2030, (US$ Mn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2023-2030
    • Segment Trends
  • Food & Beverage Processing
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Rosin Paper Sizing
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Unsaturated Polyester Resin
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Alkyd Resin
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Personal Care & Cosmetics
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Other Applications
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)

7. Global Fumaric Acid Market, By End User Industry, 2023-2030, (US$ Mn)

  • Introduction
    • Market Share Analysis, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, 2023 - 2030
    • Segment Trends
  • Food and Beverage
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Cosmetics
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Pharmaceutical
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Chemical
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)
  • Other End User Industries
    • Introduction
    • Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million)

8. Global Fumaric Acid Market, By Region, 2023-2030, (US$ Mn)

  • Introduction
    • Market Share Analysis, By Country, 2023 and 2030 (%)
    • Y-o-Y Growth Analysis, For Country 2023-2030
    • Country Trends
  • North America
    • Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
  • U.S.
  • Canada
  • Europe
    • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Middle East
    • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
    • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
    • Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
  • South Africa
  • North Africa
  • Central Africa

9. Competitive Landscape

  • Anmol Chemicals
    • Company Highlights
    • Product Portfolio
    • Key Developments
    • Financial Performance
    • Strategies
  • Bartek Ingredients Inc.
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Changmao Biochem
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • ESIM Chemicals
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Fuso Chemical Co., Ltd.
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Merck KGaA
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Polynt
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Thirumalai Chemicals Ltd
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • UPC Group
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Yongsan Chemicals Inc.
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • XST Biological Co. Ltd
    • Company Highlights
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Analyst Views

10. Section

  • Research Methodology
  • About us
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