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Global Fumaric Acid Market to reach USD XXX billion by 2028.

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

Product Code: CMCC-46141466
Publish Date: 12-07-2022
Page: 200

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

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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