Fumaric Acid Market to Witness Astonishing Growth by 2029
The global Fumaric Acid market is anticipated to grow significantly at a CAGR of 5.3% over the forecast period. The key aspect that drives the growth of the global fumaric acid market is the rapid growth in the building and construction industry. Fumaric acid is consumed in the production of UPR and alkyd resins. Unsaturated polyester resins and alkyd resins' demand is expected to rise in the future years as they are extensively used in the construction industry. Rising remodeling and construction activities especially in developing economies of the Asia-Pacific region are likely to drive the demand for unsaturated polyester resin and alkyd resins.Besides, there is also likely to be an increased demand for paints which is expected to grow owing to increasing construction activities. Besides, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as Merck Group, Nippon Shokubai Co. Ltd., Tate & Lyle PLC, The Chemical Co., Fuso Chemical Co. Ltd., and UPC Group among others substantially contribute to the market growth. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the competitive fumaric acid market during the forecast period.
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Market Coverage
Market number available for - 2022-2029
Base year- 2022
Forecast period- 2023-2029
Segment Covered- By Type and Applications
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape - Merck Group, Nippon Shokubai Co. Ltd., Tate & Lyle PLC, The Chemical Co., Fuso Chemical Co. Ltd., and UPC Group among others
Fumaric Acid Market - Segmentation
By Type
Food Grade
Technical Grade
By Applications
Food & Beverage Additives
Personal Care & Cosmetics
Rosin Paper Sizing
Unsaturated Polyester Resin
Alkyd Resin
Other
A full Report of Fumaric Acid Market is Available at: https://www.omrglobal.com/industry-reports/fumaric-acid-market
Fumaric Acid Market - Segmentation by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Company Profiles
AIE Pharmaceuticals Inc.
Bartek Ingredients Inc.
Changzhou Yabang Chemical Co. Ltd.
ESIM Chemicals
Fuso Chemical Co. Ltd.
Merck Group
Nippon Shokubai Co. Ltd.
Penta Manufacturing Co
Polynt S.P.A.
Prinova LLC
Tate & Lyle PLC
TCI America, Inc.
The Chemical Co.
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https://citytoday-hildesheim.de/index.php/2023/02/14/der-krauterolmarkt-wird-voraussichtlich-bis-2029-ein-enormes-wachstum-erfahren/
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