Fumaric Acid Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Rosin Paper Sizes, Unsaturated Polyester Resins, Alkyd Resins), By Region, And Segment Forecasts, 2024

Description

Fumaric Acid Market Growth & Trends:

The global fumaric acid market size is expected to reach USD 748.4 million by 2030, registering a CAGR of 4.2% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing convenience food demand coupled with a growing middle class per capita disposable income in Asia Pacific and Latin America is expected to drive the global market over the forecast period. The introduction of ethnic and exotic flavors by food & beverage manufacturers is also expected to prompt demand growth. Stringent environmental regulations in order to reduce greenhouse gases (GNG) emission is expected to remain a key challenge for market participants.

Food & beverage was the leading application segment and accounted for 44.8% of the total market volume in 2023. Fumaric acid is used as an acidulant in food & beverages owing to its properties such as micro-organisms growth controller, pH modifier, and flavor enhancer. Food & beverage is also expected to witness the highest growth rate of 4.70% from 2024 to 2030. Unsaturated polyester resins (UPR) are expected to witness moderate growth rate over the next six years. Increasing construction spending coupled with an increase in automobile production particularly in China, India, Indonesia, and Thailand is expected to augment fumaric acid demand for UPR.

Fumaric Acid Market Report Highlights:

The global fumaric acid market size was valued at USD 561.5 million in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030.
Food & beverages segment dominated the market and accounted for the largest revenue share of 44.8% in 2023 owing to the increased use of fumaric acid in convenience food production
Asia Pacific fumaric acid market dominated the global market with a market share of 44.9% in 2023. Asia Pacific is also expected to witness the fastest growth to continue its dominance in the global market over the forecast period. Europe fumaric acid market is expected to grow at a CAGR of 4.1% over the forecast years
The North America fumaric acid market had a market share of 25.4% in 2023. The U.S. is the leading fumaric acid consumer in North America. Increasing convenience food demand coupled with growing health consciousness among consumers is expected to drive the regional demand.

Product Code: 978-1-68038-374-4

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Fumaric Acid Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (Kilotons) (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Fumaric Acid Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1 Bargaining power of the suppliers
  - 3.4.1.2 Bargaining power of the buyers
    - 3.4.1.2.1 Threats of substitution
    - 3.4.1.2.2 Threats from new entrants
    - 3.4.1.2.3 Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1 Political landscape
  - 3.4.2.2 Economic and Social landscape
  - 3.4.2.3 Technological landscape
  - 3.4.2.4 Environmental landscape
  - 3.4.2.5 Legal landscape

Chapter 4. Fumaric Acid Market: Application Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Fumaric Acid Market: Application Movement Analysis, Kilotons, 2023 & 2030 (USD Million)
4.3. Food & Beverages
4.4. Food & Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Rosin Paper Sizes
- 4.5.1. Rosin Paper Sizes Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.6. Unsaturated Polyester Resins (UPR)
- 4.6.1. Unsaturated Polyester Resins (UPR) Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.7. Alkyd Resins
- 4.7.1. Alkyd Resins Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Fumaric Acid Market: Regional Estimates & Trend Analysis

5.1. Fumaric Acid Market Share, By Region, 2023 & 2030 (Kilotons) (USD Million)
5.2. North America
- 5.2.1. North America Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. U.S.
  - 5.2.2.1 U.S. Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. Canada
  - 5.2.3.1 Canada Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.4. Mexico
  - 5.2.4.1 Mexico Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3. Europe
- 5.3.1. Europe Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. UK
  - 5.3.2.1 UK Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. Germany
  - 5.3.3.1 Germany Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4. France
  - 5.3.4.1 France Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5. Italy
  - 5.3.5.1 Italy Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.6. Spain
  - 5.3.6.1 Spain Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.7. Russia
  - 5.3.7.1 Russia Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Asia Pacific
- 5.4.1. Asia Pacific Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. China
  - 5.4.2.1 China Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. India
  - 5.4.3.1 India Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. Japan
  - 5.4.4.1 Japan Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. South Korea
  - 5.4.5.1 South Korea Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6. Thailand
  - 5.4.6.1 Thailand Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.7. Indonesia
  - 5.4.7.1 Indonesia Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.8. Australia
  - 5.4.8.1 Australia Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Latin America
- 5.5.1. Latin America Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.2. Brazil
  - 5.5.2.1 Brazil Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3. Argentina
  - 5.5.3.1 Argentina Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6. Middle East and Africa
- 5.6.1. Middle East and Africa Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.2. South Africa
- 5.6.2 South Africa Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.3. Saudi Arabia
- 5.6.3 Saudi Arabia Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.4. UAE
- 5.6.4 UAE Fumaric Acid Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Competitive Landscape

6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
- 6.4.1. Anmol Chemicals Private Limited
  - 6.4.1.1 Participant's Overview
  - 6.4.1.2 Financial Performance
  - 6.4.1.3 Product Benchmarking
  - 6.4.1.4 Recent Developments/ Strategic Initiatives
- 6.4.2. Bartek Ingredients Inc.
  - 6.4.2.1 Participant's Overview
  - 6.4.2.2 Financial Performance
  - 6.4.2.3 Product Benchmarking
  - 6.4.2.4 Recent Developments/ Strategic Initiatives
- 6.4.3. Changmao Biochem Engineering Company Limited
  - 6.4.3.1 Participant's Overview
  - 6.4.3.2 Financial Performance
  - 6.4.3.3 Product Benchmarking
  - 6.4.3.3 Recent Developments/ Strategic Initiatives
- 6.4.4. ESIM Chemicals GmbH
  - 6.4.4.1 Participant's Overview
  - 6.4.4.2 Financial Performance
  - 6.4.4.3 Product Benchmarking
  - 6.4.4.3 Recent Developments/ Strategic Initiatives
- 6.4.5. Fuso Chemicals Co. Ltd
  - 6.4.5.1 Participant's Overview
  - 6.4.5.2 Financial Performance
  - 6.4.5.3 Product Benchmarking
  - 6.4.5.4 Recent Developments/ Strategic Initiatives
- 6.4.6. Merck KGaA
  - 6.4.6.1 Participant's Overview
  - 6.4.6.2 Financial Performance
  - 6.4.6.3 Product Benchmarking
  - 6.4.6.4 Recent Developments/ Strategic Initiatives
- 6.4.7. Polynt
  - 6.4.7.1 Participant's Overview
  - 6.4.7.2 Financial Performance
  - 6.4.7.3 Product Benchmarking
  - 6.4.7.4 Recent Developments/ Strategic Initiatives
- 6.4.8. Thirumalai Chemicals
  - 6.4.8.1 Participant's Overview
  - 6.4.8.2 Financial Performance
  - 6.4.8.3 Product Benchmarking
  - 6.4.8.4 Recent Developments/ Strategic Initiatives
- 6.4.9. UPC Group of Companies
  - 6.4.9.1 Participant's Overview
  - 6.4.9.2 Financial Performance
  - 6.4.9.3 Product Benchmarking
  - 6.4.9.4 Recent Developments/ Strategic Initiatives
- 6.4.10. Yongsan Chemicals Inc.
  - 6.4.10.1 Participant's Overview
  - 6.4.10.2 Financial Performance
  - 6.4.10.3 Product Benchmarking
  - 6.4.10.4 Recent Developments/ Strategic Initiatives

Fumaric Acid Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Rosin Paper Sizes, Unsaturated Polyester Resins, Alkyd Resins), By Region, And Segment Forecasts, 2024 - 2030