Fumaric Acid Market 2021-2027
Global Fumaric Acid Market Size, Share & Trends Analysis Report by Type (Food Grade and Technical Grade), and by Applications (Food & Beverage Additives, Personal Care & Cosmetics, Rosin Paper Sizing, Unsaturated Polyester Resin, Alkyd Resin, and Others) Forecast, 2021-2027
The global fumaric acid market is projected to grow at a CAGR of 5.3% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the higher demand for fumaric acid from the food & beverage industries. Fumaric acid is used in food as an additive, flavor enhancer, acidulant, and pH adjustor, it is extensively used in processed food which is likely to propel the growth during the forecast period. Besides, it is also used in the construction and building industry, in the unsaturated polyester resin and alkyd resins. Hence, such aforementioned factors are likely to drive the growth of the global fumaric acid market during the forecast period.
The global fumaric acid market is segmented on the basis of type and applications. Based on the type, the market is segmented as food grade and technical grade. The technical grade segment of the global fumaric acid market is anticipated to grow substantially during the forecast period. Based on the applications, the market is segmented as food & beverage additives, personal care & cosmetics, rosin paper sizing, unsaturated polyester resin, alkyd resin, and others. The food & beverage additives segment of the global fumaric acid market is anticipated to grow substantially during the forecast period.
Based on the geographic viewpoint, the global fumaric acid market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to hold a substantial share in the market during the forecast period. Further, Merck Group, Nippon Shokubai Co. Ltd., Tate & Lyle PLC, The Chemical Co., Fuso Chemical Co. Ltd., and UPC Group among others are some of the prominent players functioning in the global fumaric acid market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
The market study of the global fumaric acid market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report is intended for fumaric acid companies, chemical companies, food & beverage companies, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Global Fumaric Acid Market Research and Analysis by Type
Global Fumaric Acid Market Research and Analysis by Applications
The Report covers:
Comprehensive research methodology of the global fumaric acid market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global fumaric acid market.
Insights about market determinants which are stimulating the global fumaric acid market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of the market players.