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Fumaric Acid Market - Demand, and End User Analysis to 2020

Increasing convenience food demand coupled with growing middle class per capita disposable income in Asia Pacific and Latin America is expected to drive the global fumaric acid market over the forecast period. The Global Fumaric Acid Market is expected to reach USD 764.8 million by 2020, according to a new study by Grand View Research, Inc.


Introduction of ethnic and exotic flavors by food & beverages 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 & beverages was the leading application segment and accounted for 34.3% of the total market volume in 2013. 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 & beverages is also expected to witness the highest growth rate of 7.0% from 2014 to 2020.

To Know More About Fumaric Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/fumaric-acid-market

Unsaturated polyester resins (UPR) are expected to witness moderate growth rate over the next six years. Increasing construction spending coupled with increase in automobile production particularly in China, India, Indonesia and Thailand is expected to augment fumaric acid demand for UPR.

Top Players of Fumaric Acid Market:

Global fumaric acid market is moderately concentrated fumaric acid with companies such as Prinova LLC, Bartek Ingredients, Polynt S.P.A and Prinova LLC being market leaders. Other key companies operating in the global market include Thirumalai Chemicals, Dastech International Inc., The Chemical Company and U.S. Chemicals LLC.

Market Segmentation of Fumaric Acid Market:

The Global Fumaric Acid Market segmented on the basis of Application and Region.

By Application:

    Food & Beverages
    Rosin Paper Sizes
    Unsaturated Polyester Resins (UPR)
    Alkyd Resins

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Fumaric Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1409
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