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Demand of Fumaric Acid in Animal Feed Application to Soar at a Higher Pace During the Forecast Period || Key Players: Tianjin Bohai Chemicals, The Chemical Company, Wego Chemical Group and Changzhou Yabang Chemical Co. Ltd.
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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.
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
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A one-of-its kind research methodology is applied by Fact.MR to obtain highly accurate data with reduced deviations. Based on an in-depth market segmentation, the entire fumaric acid market is churned with the help of a secondary research. As the research progresses, several primary interviews are carried out to deep dive in the global market. Industry experts, influencers, market observers and though leaders associated with fumaric acid are interviewed to sketch a realistic contour of the global market. With the help of triangulation procedure, the data from secondary and primary research is collated and extrapolated to arrive at a high accuracy data point. This process is carried out for all market segments and regions and analysis is forecasting is carried out depicting future market scenario.
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
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Key players operating in the global fumaric acid are Bartek Ingredients, Thirumalai Chemicals, Polynt S.P.A, Nippon Shokubai Co. Ltd., Tianjin Bohai Chemicals, The Chemical Company, Wego Chemical Group and Changzhou Yabang Chemical Co. Ltd.
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