openPR Logo
Press release

Fumaric Acid Market Projected To Expand at a Volume CAGR of 6.2% During The Period of Forecast, 2017-2026

09-14-2018 09:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Fumaric Acid Market Projected To Expand at a Volume CAGR of 6.2%

Application of fumaric acid in several end use industries across various applications has been witnessed over the last decade. With growing research and development activities, the scope of application of fumaric acid has gone beyond the main food and beverage industry. It is widely used for cosmetic applications, where it regulates the pH value of various cosmetic products and maintains the acidic nature of the product. This has pushed the sales of fumaric acid at a steady pace in the cosmetic industry, especially in body cleansing lotions. Moreover, another aspect driving the demand for fumaric acid is the growing use of unsaturated polyester resins and paints, in the construction and the automotive industries. Fumaric acid is an essential ingredient in the manufacturing of paints, alkyd resins and unsaturated polyester resins. In food industry, rising use of fumaric acid in bakery products is expected to supplement the growth of the global market. Due to its crystalline nature, colorless and odorless properties, fumaric acid is best suited for bakery products which enhances flavors and supports the preservation of bakery products.

Using top down and bottom up approach, Fact.MR has deduced that the volume production of fumaric acid would grow above 500 thousand tons by the end of the period of assessment. The rate of production of fumaric acid is projected to expand at a volume CAGR of 6.2% during the period of forecast, 2017-2026, which is supported by growing acceptance of fumaric acid in several end user applications in the said period. Key players involved in the manufacturing of fumaric acid include EMD Millipore, Penta Manufacturing Company, TCI America, Tate & Lyle, AIE Pharmaceuticals, Sigma-Aldrich and ESIM Chemicals.

Request Sample Copy of This Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=526

Countries in Asia Pacific Excluding Japan to Showcase High Consumption of Fumaric Acid

Asia Pacific excluding Japan (APEJ) region has presented favorable business opportunities for several companies. Manufacturers are targeting this region owing to its growing attractiveness with respect to demand for food products, beverages, resins, paints and cosmetics. The pharmaceutical and chemical industries have gained high traction in the emerging economies in APEJ. Need for quality maintenance, regulation of pH and controlling reactivity of various medicines and chemicals is expected to push the use of fumaric acid. As per research, high production of fumaric acid is observed in China, who is also its biggest exporter. Food and beverage industry in India and China is poised to witness an upsurge in the coming years. This fact is supported by increasing population in these countries, which is demanding for new innovations in food and beverages. Fumaric acid being a stabilizing agent, is widely used in various juices, energy shakes and drinks. Higher consumption of energy drinks and processed food is expected to spur the demand for fumaric acid in APEJ. According to Fact.MR, fumaric acid production in China is expected to reach more than186 thousand tons and in entire APEJ region is poised to touch around 300 thousand tons by the end of the year of assessment (2026). With respect to production and sale, China is the leading country, however, use of fumaric acid in India is expected to grow at a relatively higher rate during the forecast period.

Key Insights on Global Fumaric Acid

Extraction of fumaric acid using fermentation is expected to witness an upsurge as it provides high quality and effective fumaric acid produce. Rate of adoption of fermentation is expected to go beyond 8% during the forecast period. Use of maleic anhydrite for fumaric acid production by few manufacturers is also observed during the assessment period
Pharmaceutical and cosmetic industries have shown similar consumption rate of fumaric acid. However, higher sale of fumaric acid in pharmaceutical applications has been witnessed, as compared to cosmetics. Food and beverage continues to lead the global market
With respect to applications, fumaric acid is widely used in food additives and unsaturated polyester resins. Moreover, animal feed is another application area where the consumption of fumaric is expected to grow at a higher rate during the period of forecast. It is projected to grow at 8.7% throughout the analysis period, 2017-2026

Report Analysis at https://www.factmr.com/report/526/fumaric-acid-market

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/
Follow Us on Linkedin: www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fumaric Acid Market Projected To Expand at a Volume CAGR of 6.2% During The Period of Forecast, 2017-2026 here

News-ID: 1238921 • Views:

More Releases from Fact.MR

Closed Heel Nursing Shoes Market is Estimated to Grow US$ 13.39 billion by 2034
Closed Heel Nursing Shoes Market is Estimated to Grow US$ 13.39 billion by 2034
The global closed heel nursing shoes market is expected to be worth $9.31 billion in 2024, rising to $13.39 billion by the end of 2034. Closed-heeled nursing shoes are specifically designed for healthcare personnel, mainly nurses. These shoes are distinguished by their closed-back construction, which provides extra support and protection to the heel. The enclosed heel improves stability and lowers the chance of slippage while performing strenuous tasks in medical settings. Nursing
Cloud Computing Market to Grow at 15% CAGR from 2022-2032
Cloud Computing Market to Grow at 15% CAGR from 2022-2032
The global cloud computing market is expected to be worth $1,949 billion by 2032, with a compound annual growth rate (CAGR) of 15% between 2022 and 2032. This trend is being driven by the fast digitalization of workplaces and the growing demand for Software as a Service (SaaS) solutions, which are extending the industry's prospects. The global rise of the cloud computing industry is being driven by the growing adoption of
Global Instant Coffee Market Forecasted to Reach $69.2 Billion by 2033
03-28-2024 | Food & Beverage
Fact.MR
Global Instant Coffee Market Forecasted to Reach $69.2 Billion by 2033
The global instant coffee market is expected to grow rapidly, with a compound annual growth rate (CAGR) of 5% between 2023 and 2033. According to Fact.MR, a prominent provider of market research and competitive information, global demand for instant coffee is predicted to increase, reaching US$ 69.2 billion by the end of 2033. Instant coffee is a quick and practical alternative, requiring just the addition of an instant coffee sachet to
Ice Skating Equipment Market worth is poised to reach US$ 1478 Billion in 2033
03-28-2024 | Sports
Fact.MR
Ice Skating Equipment Market worth is poised to reach US$ 1478 Billion in 2033
The global ice skating equipment market garnered a market value of US$ 6.87 Billion in 2022 and is expected to accumulate a market value of US$ 16.26 Billion by registering a CAGR of 9% in the forecast period 2023-2033. Ice skating is a popular activity observed in numerous snow-clad regions around the world, serving various purposes including exercise, leisure, and excitement. This recreational pursuit can occur in specially prepared ice arenas

All 5 Releases


More Releases for Fumaric

Fumaric Acid Market: Growth Analysis & Forecast till 2026
The market research report, entitled Fumaric Acid Market shows good possibilities in the Fumaric Acid Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market. Fumaric Acid Market Forecast: The Fumaric Acid Market is forecasted to grow at a rate of 4.0% CAGR during the period of 2021-2026. The Fumaric Acid Market
Fumaric Acid Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Fumaric Acid market analysis, which studies the Fumaric Acid's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Fumaric Acid Market 2020-2025” Research Report categorizes the global Fumaric Acid market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth
Fumaric Acid Market Size, Share, Development by 2022
LP INFORMATION offers a latest published report on Fumaric Acid Market Analysis and Forecast 2017-2022 delivering key insights and providing a competitive advantage to clients through a detailed report. The Global Fumaric Acid market size will be XX million (USD) in 2022, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) XX% from 2016 to 2022. Click to view the full report TOC,
Fumaric Acid Market: Asia Pacific Excluding Japan (APEJ) to Offer Lucrative Oppo …
Application of fumaric acid in several end use industries across various applications has been witnessed over the last decade. With growing research and development activities, the scope of application of fumaric acid has gone beyond the main food and beverage industry. It is widely used for cosmetic applications, where it regulates the pH value of various cosmetic products and maintains the acidic nature of the product. This has pushed the sales of
Fumaric Acid Market to Register Steady Growth During 2026
Use of fumaric acid has extended from food industry to cosmetics and pharmaceuticals. The increasing adoption of fumaric acid in cosmetic, pharmaceutical and chemical industries is expected to spur the growth of the global fumaric acid market during the assessment period. Also, application of fumaric acid in food industry is high as producers of food products focus on food quality maintenance. Fumaric acid offers advantages such as color preservation, texture
Fumaric Acid Market Plan, Supply and Revenue to 2024
A new research report by Transparency Market Research offers a comprehensive evaluation of the global Fumaric Acid Market. The study, titled “Fumaric Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024”, is available for sale on the firm’s website. Fumaric acid is also known as trans-butenedioic acid. Traditionally, fumaric acid is manufactured by the oxidation of furfural with the help of chlorate in the presence