Press Releases
Fumaric Acid Market Share, Size, Growth, Demand and Forecast Till 2024

United States, 14 June 2019 -- Fumaric acid is extensively used in the food and beverage industry as a food additive, flavor enhancer and pH controller as well as in the construction sector for the manufacturing of unsaturated polyester resins. As a result of the demand from these industries, the global fumaric acid market is currently witnessing moderate growth.

Request for free sample report:

According to the latest report by IMARC Group, titled “Fumaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global fumaric acid market reached a value of US$ 631 Million in 2018. Fumaric acid is a dicarboxylic acid with the formula C4H4O4 which is formed by the oxidation of succinic acid by succinate dehydrogenase. It is found in eukaryotes, bolete mushrooms, lichens and Iceland moss in the form of a fine white or colorless crystalline powder. Apart from this, it is also produced by the human body when skin is exposed to direct sunlight. Characterized by a sour taste, it is used for the preparation of a variety of food products. Apart from being used as a food additive, it also forms an essential component in the production of medicines, industrial dyes, printing inks, animal feed and polyester resins.

Market Drivers:

Fumaric acid is utilized in the food and beverage industry as an acidulant, preservative, flavor enhancer and pH controller. The escalating sales of convenience food and the rising popularity of ready-to-drink beverages is catalyzing its demand. Besides this, increasing incidences of lifestyle diseases coupled with the growing health consciousness amongst consumers have augmented the consumption of sports and health drinks which contain fumaric acid. Moreover, this acid is being employed in the construction sector for the manufacturing of unsaturated polyester resins that are further used in the production of auto parts and reinforcement panels. Furthermore, the need to develop new processes based on renewable sources has led manufacturers to produce bio-based fumaric acid. However, the process costs almost double the cost of fumaric acid derived from benzene. Improvement in this process along with progress in technology is expected to drive the market growth. On account of these factors, the market is projected to reach a value of US$ 855 Million by 2024, growing at a CAGR of around 5% during the forecast period (2019-2024).

Browse full report with TOC:

Insights on Market Segmentation:

Market Breakup by Application:

1. Food Additives

2. Rosin-Sized Sheathing Paper

3. Unsaturated Polyester Resins

4. Alkyd Resins

5. Others

On the basis of applications, food additives are the most popular application segment. Other major applications include rosin-sized sheathing paper, unsaturated polyester resins, alkyd resins and others.

Market Breakup by End-Use Industry:

1. Food and Beverages Industry

2. Cosmetics Industry

3. Pharmaceutical Industry

4. Chemical Industry

Based on end-use industries, the market has been categorized into food and beverages, cosmetics, pharmaceutical, and chemical. Amongst these, fumaric acid is mostly used in the food and beverage industry.

Market Breakup by Region:

1. Asia Pacific

2. North America

3. Europe

4. Middle East and Africa

5. Latin America

On the geographical front, the market has been segregated into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific holds the leading position in the market.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report. Some of the key players operating in the market include Bartek Ingredients Inc., Fuso Chemical Co., Ltd., Polynt, Prinova Group, Dastech International, Changzhou Yabang Chemical Co. Ltd., Nippon Shokubai, The Chemical Company, Thirumalai Chemicals, Wego Chemical Group, U.S. Chemicals and Huntsman Corporation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

# # #

Media Contacts:
Tel: +1-631-791-1145
Follow us on twitter: @imarcglobal

Document Attached Image Attached Download file at:
(Right click and save file to download.)

Submitted by Imarc Group, IMARC Group on Friday, 14 June 2019 at 6:28 PM
Category: Science & Research
Related News

The Benefits of Using a Camera Lens Filter During Photo Shoots
Friday, 19 Jul 2019

Recycled Construction Aggregates Market: Adoption Remains Robust in Construction of Roads & Bridges
Wednesday, 17 Jul 2019

Industrial Insulation Market worth $3.3 billion by 2024 - Exclusive Report by MarketsandMarkets͐
Monday, 15 Jul 2019

Azelis opens Specialty Agri/Horti application laboratory in China
Friday, 5 Jul 2019

Global Zeolite Market Report, Industry Overview, Growth Rate and Forecast 2024
Thursday, 4 Jul 2019

Related Events

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Time to Use Safe, Satisfying, and Stable Herbal Ingredients!
Sunday, 21 Jul 2019

Marriage Counseling Suggestions
Sunday, 21 Jul 2019

Saudi Arabia to Organize World PEACE Products and services Expo to Reconstruct the Global Peace Prod
Sunday, 21 Jul 2019

Probiotic Company Plans to Attend Major Expo
Sunday, 21 Jul 2019

Rock Down the River This Summer
Sunday, 21 Jul 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Sunday, 21 July 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Oncology Review
  • Breast Imaging A to Z: How to Read Like (or Better Than) the Experts-Hawaii
  • Update in Orthpaedic Surgery Conference July 22-25, 2019 Grand Hyatt Kauai
  • Echocardiographic Symposium at Vail
  • Microbiome Movement - Oncology Response Summit

  • Latest Jobs
    Sorry, there are currently no entries posted here.