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(IT-NEWSWIRE.COM, November 29, 2018 ) Using top down and bottom up approach, Fact.MR has deduced that the volume production of fumaric acid would grow above 500 thousand tons by the end of the period of assessment. The rate of production of fumaric acid is projected to expand at a volume CAGR of 6.2% during the period of forecast, 2017-2026, which is supported by growing acceptance of fumaric acid in several end user applications in the said period. Key players involved in the manufacturing of fumaric acid include EMD Millipore, Penta Manufacturing Company, TCI America, Tate & Lyle, AIE Pharmaceuticals, Sigma-Aldrich and ESIM Chemicals.
Countries in Asia Pacific Excluding Japan to Showcase High Consumption of Fumaric Acid
Asia Pacific excluding Japan (APEJ) region has presented favorable business opportunities for several companies. Manufacturers are targeting this region owing to its growing attractiveness with respect to demand for food products, beverages, resins, paints and cosmetics. The pharmaceutical and chemical industries have gained high traction in the emerging economies in APEJ. Need for quality maintenance, regulation of pH and controlling reactivity of various medicines and chemicals is expected to push the use of fumaric acid. As per research, high production of fumaric acid is observed in China, who is also its biggest exporter. Food and beverage industry in India and China is poised to witness an upsurge in the coming years. This fact is supported by increasing population in these countries, which is demanding for new innovations in food and beverages. Fumaric acid being a stabilizing agent, is widely used in various juices, energy shakes and drinks. Higher consumption of energy drinks and processed food is expected to spur the demand for fumaric acid in APEJ. According to Fact.MR, fumaric acid production in China is expected to reach more than186 thousand tons and in entire APEJ region is poised to touch around 300 thousand tons by the end of the year of assessment (2026). With respect to production and sale, China is the leading country, however, use of fumaric acid in India is expected to grow at a relatively higher rate during the forecast period.
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Key Insights on Global Fumaric Acid
Extraction of fumaric acid using fermentation is expected to witness an upsurge as it provides high quality and effective fumaric acid produce. Rate of adoption of fermentation is expected to go beyond 8% during the forecast period. Use of maleic anhydrite for fumaric acid production by few manufacturers is also observed during the assessment period
Pharmaceutical and cosmetic industries have shown similar consumption rate of fumaric acid. However, higher sale of fumaric acid in pharmaceutical applications has been witnessed, as compared to cosmetics. Food and beverage continues to lead the global market
With respect to applications, fumaric acid is widely used in food additives and unsaturated polyester resins. Moreover, animal feed is another application area where the consumption of fumaric is expected to grow at a higher rate during the period of forecast. It is projected to grow at 8.7% throughout the analysis period, 2017-2026
Asia Pacific Excluding Japan (APEJ) to Offer Lucrative Opportunities for Fumaric Acid
Asia Pacific excluding Japan (APEJ) region is known as the manufacturing hub where several manufacturers have set up plants to cater to the growing needs of the population in their respective domains. Chemical companies have tapped the Indian market due to various reasons for instance, cheap land availability and labor. The use of fumaric acid in chemicals, especially in manufacturing of resins and paints has driven its consumption in the region since last decade. Moreover, the food and beverage industry in APEJ is also expected to grow at a high scale. Driven by increasing health awareness and foody nature of the population in this region, several food innovations and introduction of various health products has been witnessed. This has spurred the use of fumaric acid in the region as it is used in producing various energy drinks, health beverages and other food products. Fumaric acid is mainly used for its preservation qualities and maintaining the taste, texture and color of the food item. Consumption of fumaric acid in APEJ is projected to grow at a comparatively higher rate of over 7% during the period of forecast.
Competition Tracking
Key players operating in the global fumaric acid are Bartek Ingredients, Thirumalai Chemicals, Polynt S.P.A, Nippon Shokubai Co. Ltd., Tianjin Bohai Chemicals, The Chemical Company, Wego Chemical Group and Changzhou Yabang Chemical Co. Ltd.
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Table of Content:
Global Economic Outlook
Global Fumaric Acid Market - Executive Summary
2.1. Opportunity Analysis & Megatrends
Global Fumaric Acid Market Overview
3.1. Introduction
3.1.1. Global Fumaric Acid Market Taxonomy
3.1.2. Global Fumaric Acid Market Definition
3.2. Global Fumaric Acid Market Size (US$ Mn & Volume (Tons)) and Forecast, 2012-2026
3.2.1. Global Fumaric Acid Market Y-o-Y Growth
3.3. Global Fumaric Acid Market Dynamics
3.4. Risk Heat Map
3.5. Supply Chain
3.6. Cost Structure
3.7. Pricing Analysis
3.8. Investment Feasibility Matrix
3.9. Competition Matrix
3.10. Key Regions Trade Analysis
3.11. PESTLE Analysis
3.12. Product Lifecycle
3.13. Organic Acids Market Scenario
3.14. Market Attractiveness
3.15. Key Participants Market Presence (Intensity Map) By Region
Global Fumaric Acid Market Analysis and Forecast 2012-2026
4.1. Global Fumaric Acid Market Size and Forecast By Extraction Type, 2012-2026
4.1.1. Fumaria Officinalis Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Maleic Anhydride Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Fermentation Market Size and Forecast, 2012-2026
4.1.3.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.2. Global Fumaric Acid Market Size and Forecast By End Use Industry, 2012-2026
4.2.1. Food and Beverage Industry Market Size and Forecast, 2012-2026
4.2.1.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.1.2. Market Share Comparison, By Region
4.2.1.3. Y-o-Y growth Comparison, By Region
4.2.2. Cosmetic Industry Market Size and Forecast, 2012-2026
4.2.2.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.2.2. Market Share Comparison, By Region
4.2.2.3. Y-o-Y growth Comparison, By Region
4.2.3. Pharmaceutical Industry Market Size and Forecast, 2012-2026
4.2.3.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.3.2. Market Share Comparison, By Region
4.2.3.3. Y-o-Y growth Comparison, By Region
4.2.4. Chemical Industry Market Size and Forecast, 2012-2026
4.2.4.1. Revenue (US$ Mn) & Volume (Tons) Comparison, By Region
4.2.4.2. Market Share Comparison, By Region
4.2.4.3. Y-o-Y growth Comparison, By Region
4.3. Global Fumaric Acid Market Size and Forecast By Application, 2012-2026
Continued……………..
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