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Fumaric Acid Market: Competitive Dynamics & Global Outlook 2024– Top Key players like– Top Key players like Polynt,Isegen,XST Biological,Inc.
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Fumaric acid or trans-butenedioic acid is a white crystalline chemical compound. Fumaric acid is used in the manufacture of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, printing inks, and many others.
The technical barriers of fumaric acid are not high, and the major players are Yantai Hengyuan Bioengineering, Fuso Chemicals, Jiangsu Jiecheng Bioengineering, Changzhou Yabang Chemical, Sealong Biotechnology, Changmao Biochemical Engineering, Suzhou Youhe Science and Technology, and XST Biological. These companies mainly concentrate in Japan, China, and Europe. China is the largest consumer, almost 30% of total consumption in 2015, followed by Europe with 20% of sales share.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in fumaric acid industry will become more intense.
Global Fumaric Acid market size will increase to 620 Million US$ by 2025, from 490 Million US$ in 2018, at a CAGR of 3.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Fumaric Acid.
Market Segment by Manufacturers, this report covers
Yantai Hengyuan Bioengineering
Bartek Ingredients
Polynt
Thirumalai Chemical
Isegen
Fuso Chemicals
Jiangsu Jiecheng Bioengineering
Changzhou Yabang Chemical
NIPPON SHOKUBAI
Sealong Biotechnology
Changmao Biochemical Engineering
Suzhou Youhe Science and Technology
XST Biological
Market Segment by Type, covers
Food-Grade
Technical-Grade
Market Segment by Applications, can be divided into
Food & Beverages
Rosin Paper Sizes
Unsaturated Polyester Resin
Alkyd Resins
Others
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Related Information:
North America Fumaric Acid Market Growth 2019-2024
United States Fumaric Acid Market Growth 2019-2024
Asia-Pacific Fumaric Acid Market Growth 2019-2024
Europe Fumaric Acid Market Growth 2019-2024
EMEA Fumaric Acid Market Growth 2019-2024
Global Fumaric Acid Market Growth 2019-2024
China Fumaric Acid Market Growth 2019-2024
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