Fumaric Acid

Fumaric Acid

Global Fumaric Acid Market to Reach US$2.0 Billion by 2030

The global market for Fumaric Acid estimated at US$1.4 Billion in the year 2023, is expected to reach US$2.0 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030. Food Additives Application, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$1.0 Billion by the end of the analysis period. Growth in the Rosin-Sized Sheathing Paper Application segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$380.8 Million While China is Forecast to Grow at 8.3% CAGR

The Fumaric Acid market in the U.S. is estimated at US$380.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$429.5 Million by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Global Fumaric Acid Market - Key Trends & Drivers Summarized

What Is Fumaric Acid and Why Is It Important?

Fumaric acid is a white, crystalline compound naturally found in various plants and also produced synthetically. It is widely used as a food additive, preservative, and acidulant due to its sour taste and ability to enhance flavor and stability in food products. Beyond the food industry, fumaric acid has applications in pharmaceuticals, cosmetics, and the production of unsaturated polyester resins. Its role in improving product quality and extending shelf life makes fumaric acid an essential ingredient in numerous applications, contributing to its significant industrial importance.

How Is Fumaric Acid Utilized in Different Industries?

Fumaric acid’s applications span various industries, each benefiting from its unique properties. In the food and beverage industry, fumaric acid is used to enhance flavor, preserve freshness, and stabilize products such as beverages, bakery items, and confectionery. The pharmaceutical industry employs fumaric acid in the formulation of medications for conditions such as psoriasis and multiple sclerosis, leveraging its anti-inflammatory properties. In the cosmetics industry, fumaric acid is used in skincare products for its pH-regulating and stabilizing effects. Additionally, fumaric acid is a key raw material in the production of unsaturated polyester resins, used in reinforced plastics and coatings, highlighting its versatility and importance across different applications.

What Are the Environmental and Health Considerations?

The production and use of fumaric acid involve environmental and health considerations that must be managed to ensure safety and sustainability. Fumaric acid is generally recognized as safe when used in appropriate quantities in food and pharmaceuticals. However, the production process can generate waste and emissions that need to be managed responsibly to minimize environmental impact. Ensuring proper handling and storage of fumaric acid is essential to prevent accidental exposure and contamination. Industries are increasingly adopting sustainable production practices, including the use of bio-based raw materials and green chemistry techniques, to reduce the environmental footprint of fumaric acid production. Regulatory frameworks and international standards govern the safe production, application, and disposal of fumaric acid, promoting responsible practices that protect human health and the environment.

What Is Driving the Growth in the Fumaric Acid Market?

The growth in the fumaric acid market is driven by several factors, including increasing demand in the food and beverage, pharmaceutical, and cosmetics industries, technological advancements, and evolving consumer preferences. The rising demand for processed and convenience foods drives fumaric acid consumption as a flavor enhancer and preservative. The pharmaceutical industry`s growth, driven by the need for effective treatments for chronic conditions, boosts the market for fumaric acid in medical formulations. Technological advancements in production processes have enhanced the efficiency and sustainability of fumaric acid manufacturing. Additionally, consumer preference for natural and safe ingredients in food and personal care products propels the demand for fumaric acid. These drivers highlight the dynamic and evolving nature of the fumaric acid market, balancing industrial demands with health and environmental considerations.

Select Competitors (Total 38 Featured) -

• Bartek Ingredients Inc.
• Changzhou Yabang Chemical Co., Ltd.
• Dastech International, Inc.
• Fuso Chemical Co., Ltd.
• Huntsman Corporation
• Nippon Shokubai Co., Ltd.
• Polynt S.P.A.
• Prinova Group LLC
• The Chemical Company
• Thirumalai Chemicals Ltd.
• Wego Chemical Group

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.