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 of vanadium catalyst. Industrially, fumaric acid is manufactured from the catalytic isomerisation of maleic acid (hydrolysis product of maleic anhydride) in aqueous solution. Biologically, fumaric acid is found in lichen, iceland moss, and bolete mushrooms among others. Fumaric acid finds application in various end-user industries such as food and beverages, paper processing, printing inks, and polymer resins. Food & beverages sector is one of the largest consumers of fumaric acid and is likely to follow a similar trend during the forecast period. Fumaric acid is used in desserts, jellies & jam, beverages, confectionaries, and bakery products among others.

View Report Preview:
https://www.transparencymarketresearch.com/fumaric-acid-market.html

The market for fumaric acid was driven by substantial demand from food & beverages, and buildings & construction industry. In food & beverages industry, food safety and preservation coupled with increasing popularity of processed foods was the major factor for driving the demand for fumaric acid. Fumaric acid is used in food & beverages as an acidulant, flavor enhancer, and pH adjustor among others. In plastics industry, fumaric acid is used in unsaturated polyester resin and alkyd resins. These resins are used in the buildings & construction industry. Rosin paper sizes, printing inks, and medical & healthcare are the other major end-users of fumaric acid. Increasing demand from sports and health drinks is likely to provide a major opportunity for fumaric acid during the forecast period. In addition, nutritional bars (cereal and energy bars) provide another major opportunity for fumaric acid with the demand slated to grow in the next few years. However, environmental regulations associated with alkyd and unsaturated polyester resins in Europe and North America can have a major impact on the market and are likely to hinder growth of the fumaric acid market during the forecast period.

In terms of demand, Asia Pacific was the leading consumer of fumaric acid. China witnessed the largest demand for fumaric acid market due to the huge demand from food & beverages industry coupled with the growth of plastics industry. However, other countries such as India, Japan, South Korea, Indonesia, and Taiwan are likely to exhibit further demand for fumaric acid in the near future due to huge demand from the food & beverages industry. Asia Pacific was followed by Europe. Growing demand from food & beverages, as well as buildings & construction is driving the fumaric acid market in Europe. There are widespread reconstruction and remodeling activities going on in Europe, thereby leading to huge demand for unsaturated polyester resin.

Countries in Europe such as Germany, Italy, France, and the U.K. were the major consumers of fumaric acid in this region. However, stringent environmental regulations associated with the resin industry in the European Union can act as a major restraint for the market in the next few years. North America witnessed the third highest demand for fumaric acid. The U.S. led the demand for fumaric acid in North America. Other countries such as Mexico and Canada are likely to exhibit a higher demand for fumaric acid due to increasing demand for tortillas and breads. In Latin America, demand for fumaric acid is estimated to rise due to the growth of polymer resins industry by 2024. However, increasing demand from the food & beverages industry in the Middle East region is anticipated to offer a greater opportunity for the fumaric acid market in the near future.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=20522

The market for fuamric acid is concentrated, and is dominated by manufacturers with a global presence. Some key manufacturers in the fumaric acid market are Arkema SA, BASF SE, Bartek Ingredients Inc., Huntsman Corporation, and Thirumalai Chemicals Ltd. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

This release was published on openPR.