Global Fumaric Acid Market Size study, by Application (Food & Beverages, Rosin Paper Sizes, Unsaturated Polyester Resins (UPR), Alkyd Resins, Others) and Regional Forecasts 2022-2028

Global Fumaric Acid Market Size study, by Application (Food & Beverages, Rosin Paper Sizes, Unsaturated Polyester Resins (UPR), Alkyd Resins, Others) and Regional Forecasts 2022-2028

Global Fumaric Acid Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Fumaric acid, a white solid, is abundant in nature. It has a fruity flavour and is used as a culinary additive. The growing popularity of processed foods and demand for ready-to-drink beverages is projected to continue to drive growth. Fumaric acid is used in food and beverages as an acidulant, preservative, flavour enhancer, and pH adjuster. Rising living standards, combined with economic development, notably in Asia Pacific nations like as China and India, are expected to fuel consumption of processed foods and drinks, boosting global market growth. Rising nutritional diet preference and consumer health consciousness are projected to boost demand for processed foods and beverages. This factor is likely to raise fumaric acid demand. Fumaric acid demand is anticipated to increase with the introduction of a variety of flavours, particularly distinctive and ethnic cuisines, into the food and beverage sector. . Rising development and remodelling activity in Asia Pacific and Latin America is predicted to fuel demand for Unsaturated Polyester Resin (UPR). Fumaric acid is used in the manufacture of UPR and alkyd resins. Paint demand is likely to rise as construction activity expands. Thus, increased construction activity is likely to boost UPR and paints consumption, propelling the fumaric acid market forward. The global increase in automotive production is expected to have a beneficial impact on the market. UPR based on fumaric acid is used in the production of body panels for heavy and medium load automobiles. Increased application in pharmaceuticals is also projected to boost global market growth. Fumaric acid is also being promoted as a possible replacement for synthetic organic acids such as citric acid and tartaric acid in fruit syrups and snacks. This, in turn, is projected to generate prospects for growth in the foreseeable future. However, stringent government regulations imposed in response to growing environmental concerns about reducing carbon footprints in the atmosphere hamper market progress from 2022 to 2028.

The key regions considered for the Global Fumaric Acid Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In terms of demand, Asia Pacific was the largest regional market in 2021 and is likely to maintain its dominance during the projection period. The regional product demand is predicted to be driven by high demand for convenience food, an increase in per capita middle-class disposable income, and population growth. Growing construction and remodelling activities in Asia Pacific are likely to boost expansion even further. Rising automotive industries in Asia Pacific rising economies such as Thailand and Indonesia are likely to fuel the regional market.

Major market player included in this report are:
Bartek Ingredients
Prinova LLC
Polynt S.P.A
Fuso Chemicals
Dastech International Inc.
Thirumalai Chemicals
Xilong Chemical Company Ltd
Nippon Shokbai Co. Ltd
Tianjin Bohai Chemicals
Wego Chemicals & Mineral Corp.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Food & Beverages
Rosin Paper Sizes
Unsaturated Polyester Resins (UPR)
Alkyd Resins
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Fumaric Acid Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Bartek Ingredients
Prinova LLC
Polynt S.P.A
Fuso Chemicals
Dastech International Inc.
Thirumalai Chemicals
Xilong Chemical Company Ltd
Nippon Shokbai Co. Ltd
Tianjin Bohai Chemicals
Wego Chemicals & Mineral Corp.

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