Materials & Chemicals / Fumaric Acid Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Yantai Hengyuan Bioengineering, Bartek Ingredients, Polynt, Thirumalai Chemical
Fumaric Acid Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Yantai Hengyuan Bioengineering, Bartek Ingredients, Polynt, Thirumalai Chemical
Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Fumaric Acid Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.3% during the review period (2022 to 2027).
Fumaric Acid Market Overview
Fumaric acid (trans-butenedioic acid) is a white crystalline compound found in nature. Fumaric acid helps in the production of energy from food in the form of ATP.When fumaric acid is used as a food additive, the hydrophobic nature of the product results in long-lasting sourness and some flavor effect. Food processing is one of the main applications of fumaric acid. Fumaric acid is a common food additive that has been used in several processed foods to keep the food stable and add tartness. Fumaric acid has a sourer flavor than its counterpart citric acid (another common food additive). Fumaric acid naturally occurs in mushrooms, lichen, fumitory, Iceland moss, and bolete. However, fumaric acid has been produced synthetically for use as a food additive, commonly from malic acid from apples.Fumaric acid also decreases the pH value with lowest additional sourness. The low molecular weight of fumaric acid gives it more buffering capacity than other food acids. Fumaric acid usage also reduces costs, as less quantity is essential to be added because of its strength.In the food & beverage sector, fumaric acid is used as an acidulant, pH controller, and taste enhancer. The global demand for fumaric acid has increase due to the rise in popularity of processed foods and the increased use of flavoring additives.
Fumaric Acid Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Fumaric Acid Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Who are the Major Players in Fumaric Acid Market?
The Fumaric Acid Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes 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 and others.
Industry Development
16 May 2022: HKEX EXPANDS CHARITY PARTNERSHIP PROGRAMME AND INVITES APPLICATIONS
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce HKEX Foundation will this year expand its Charity Partnership Programme (Programme), and invites applications from local charities.
This year, HKEX Foundation will increase funding for the Programme to $50 million, up from $20 million previously. The expanded Charity Partnership Programme aims to support a larger number of long-term community projects reaching more individuals and fulfilling HKEX Foundation’s commitments in the fields of Financial Literacy, Diversity and Inclusion, Poverty Relief and Environmental Sustainability.
What are the major Applications, Types and Regions for Fumaric Acid Market?
Fumaric Acid Market is segmented based on the type, applications, companies and regions.
By Type, Fumaric Acid Market has been segmented into
Food-Grade
Technical-Grade
The end user’s industry application on Fumaric Acid Market is,
Food & Beverages
Rosin Paper Sizes
Unsaturated Polyester Resin
Alkyd Resins
Others
Fumaric Acid Market Regional Analysis:
In Asia-Pacific, China is the main economy in terms of GDP. The rising construction industry is anticipated to drive the consumption of numerous materials such as paints and coatings, adhesives and sealants, and rosin paper, which in turn will raise the production of unsaturated polyester resins and alkyd resins, thereby boosting the demand for fumaric acid in the country through the forecast period.China is one of the major countries in Asia-Pacific with ample construction activities, with the industrial and construction sectors accounting for approximately ~51% of the GDP.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Fumaric Acid Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 3.3% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Growth Drive
The Fusel Oil Recovery industry is expected to grow at a moderate pace over the next five years, primarily driven by growth in global demand for fuel ethanol and biodiesel.
Fumaric Acid Market is considered as the fastest growing market and expected to be profitable over next few years.
Fumaric acid is a naturally occurring organic compound. It is a white, crystalline solid that is malleable, water-soluble and an important biochemical intermediate in the metabolic pathways of many organisms.
FAQ -
What is the study period of this market?
The Fumaric Acid Market is studied from 2022 - 2027.
What is the growth rate of Fumaric Acid Market?
The Fumaric Acid Market is growing at a CAGR of 3.3% over the next 5 years.
What regions does this Fumaric Acid Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.