Home / Chemicals / Fumaric Acid Market By Application (Food & Beverages, Unsaturated Polyester Resin (UPR), Alkyd Resins, Printing Inks, Paper Sizing, Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Fumaric Acid Market By Application (Food & Beverages, Unsaturated Polyester Resin (UPR), Alkyd Resins, Printing Inks, Paper Sizing, Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Published: Mar 2016 | Report Code: 57739-03-16

Growing health awareness among the population in both the developed and developing economies has changed the food consumption patterns of people. The busy lifestyle of people has led to high demand for processed foods and drinks. People now prefer nutrition over tasty food which has given rise to increased demand for packaged food products. Fumaric acid is used on a large scale in the food industry. Fumaric acid is used as a food additive, flavor enhancer and improves the quality of food.  It is used as a preservative for packaged foods and is also used in manufacture of bakery, confectionary, desserts, etc. Therefore, food & beverage industry is expected to boost high demand for fumaric acid in the market.

Fumaric acid is used in the production of unsaturated polyester resins which are on high demand from the automobile and marine industry. Growing demand for vehicle coupled with rising disposable income of people are the major factors contributing to the growth of automobile industry. High demand for unsaturated polyesters from the automobile and marine industry is therefore expected to drive growth of global fumaric acid market. Other applications such as alkyd resins, cleansing agents, printing inks, paper sizing, etc, are also anticipated to fuel demand for fumaric acid in the market. Among the applications stated above, food & beverages accounted to be the largest application of fumaric acid and is expected to retain its market position during the forecast period from 2016 to 2022.

Fumaric Acid market was valued at US$ 370.5 Mn in 2015 and is expected to reach US$ 569.7 Mn by 2022, growing at a CAGR of 6.3% during the forecast period 2016-2022.

Fumaric Acid Market

Purpose of the Report

The purpose of this strategic research study titled “Global Fumaric Acid Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global fumaric acid market.

Target Audience

  • Industry Investors
  • Fumaric acid Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Fumaric Acid Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global fumaric acid market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading fumaric acid vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within fumaric acid industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global fumaric acid market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Empirical Phase
1.4.2 Phase II – Analytical Phase h
1.4.3 Phase III – Dissemination Phase
1.4.4 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Fumaric Acid Market
2.2 Global Fumaric Acid Market Market, By Application
2.3 Global Fumaric Acid Market Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Fumaric Acid Market Volume and Revenue, 2015 – 2022, (Kilo Tons) (US$ Mn)
3.2 Key Market Strategies
3.2.1 Product Pricing Analysis
3.2.2 Regulatory Impact on Market
3.3 Market Drivers
3.4 Market Challenges
3.4 Future Outlook of the Market
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors

Chapter 4 Global Fumaric Acid Market Analysis, By Application
4.1 Overview
4.1.1 Food & Beverages
4.1.1.1 Global Fumaric Acid Market for Food & Beverages, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.2 Unsaturated Polyester Resins (UPR)
4.1.2.1 Global Fumaric Acid Market for Unsaturated Polyester Resins (UPR), 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.3 Alkyd Resins
4.1.3.1 Global Fumaric Acid Market for Alkyd Resins, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.4 Printing Inks
4.1.4.1 Global Fumaric Acid Market for Printing Inks, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.5 Paper Sizing
4.1.5.1 Global Fumaric Acid Market for Paper Sizing, 2015 – 2022, (Kilo Tons)(US$ Mn)
4.1.6 Others ( Animal Feed, Cleansing Agent, etc.)
4.1.6.1 Global Fumaric Acid Market for Other Applications, 2015 – 2022, (Kilo Tons) (US$ Mn)

Chapter 5 SRC View
5.1 Segmentation View (Product/ Application)
5.1.2 Global Fumaric Acid Market Volume, by Application, 2015 – 2022, (Kilo Tons) (US$ Bn)

Chapter 6 RC View
6.1 North America Fumaric Acid Market Analysis
6.1.1 Overview
6.1.2 North America Fumaric Acid Market Volume, by Application, 2015 – 2022, (Kilo Tons)
6.1.3 North America Fumaric Acid Market Revenue, by Application, 2015 – 2022, (US$ Mn)
6.1.1.1 U.S. Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Ton)
6.1.1.2 U.S. Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.1.1.3 Canada Fumaric Acid Market Volume, By Application 2015 – 2022, (Kilo Ton)
6.1.1.4 Canada Fumaric Acid Market Revenue, By Application 2015 – 2022, (US$ Mn)
6.1.2.5 Rest of North America Fumaric Acid Market Revenue, By Application, 2015 – 2022, (Kilo Tons)
6.1.2.6 Rest of North America Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2 Europe Fumaric Acid Market Analysis
6.2.1 Overview
6.2.2 Europe Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.3 Europe Fumaric Acid Market Revenue, By Application 2015 – 2022, (US$ Mn)
6.2.2.1 France Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.2.2 France Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2.2.3 Germany Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.2.4 Germany Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2.3.5 UK Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.3.6 UK Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.2.3.7 Rest of Europe Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.2.3.8 Rest of Europe Fumaric Acid Market Revenue, By Application 2015 – 2022, (US$ Mn)
6.3 Asia Pacific Fumaric Acid Market Analysis
6.3 Overview
6.3.1 Asia Pacific Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.2 Asia Pacific Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn
6.3.1.1 China Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.2 China Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.3 India Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.4 India Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.5 Japan Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.6 Japan Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.3.1.7 Rest of Asia Pacific Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.3.1.8 Rest of Asia Pacific Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4 Middle East and Africa (MEA) Fumaric Acid Market Analysis
6.4.1 Overview
6.4.2 Middle East and Africa Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.3 Middle East and Africa Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4.1.1 South Africa Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.1.2 South Africa Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4.1.3 Saudi Arabia Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.1.4 Saudi Arabia Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.4.1.5 Rest of MEA Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.4.1.6 Rest of MEA Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5 Rest of the World (RoW) Fumaric Acid Market Analysis
6.5.1 Overview
6.5.2 Rest of the World Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.3 Rest of the World Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5.1.1 Australia Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.1.2 Australia Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5.1.3 Brazil Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.1.4 Brazil Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)
6.5.1.5 Rest of RoW Fumaric Acid Market Volume, By Application, 2015 – 2022, (Kilo Tons)
6.5.1.6 Rest of RoW Fumaric Acid Market Revenue, By Application, 2015 – 2022, (US$ Mn)

Chapter 7 Company Profiles
7.1 AshImprovement Technology
7.2 Bartek Ingredients
7.3 Changzhou Yabang Chemical Co., Ltd
7.4 Dastech International Inc.
7.5 Fuso Chemicals
7.6 Nippon Shokubai Co., Ltd.
7.7 Polynt S.P.A.
7.8 Prinova LLC
7.9 Thirumalai Chemicals
7.10 Tianjin Bohai Chemicals.

List of Figures

FIG. 1 Global Fumaric Acid: Market Segmentation 19
FIG. 2 Global Fumaric Acid Market: Research Methodology 20
FIG. 3 Global Fumaric Acid Market, By End-use, 2014 (US$ Mn) 24
FIG. 4 Global Fumaric Acid Market, By Geography, 2014 (US$ Mn) 25
FIG. 5 Global Fumaric Acid Market Revenue and Growth, 2013 – 2022, (Kilo Tons) (US$ Mn) 26
FIG. 6 See-Saw Analysis : Global Fumaric Acid Market 34
FIG. 7 Attractive Investment Proposition 36
FIG. 8 Adoption/Penetration Rate of Fumaric Acid Across Different End-use Verticals, 2014 37
FIG. 9 Market Positioning of Key Fumaric Acid Vendors , 2014 38
FIG. 10 Global Fumaric Acid Market Revenue, By End-Use, 2014 & 2022 (Kilo Tons) (US$ Mn) 45
FIG. 11 Global Fumaric Acid Market for Food & Beverages, 2013 – 2022, (Kilo Tons) (US$ Mn) 46
FIG. 12 Global Fumaric Acid Market for Unsaturated Polyester Resins (UPR), 2013 – 2022, (Kilo Tons) (US$ Mn) 47
FIG. 13 Global Fumaric Acid Market for Alkyd Resins, 2013 – 2022, (Kilo Tons) (US$ Mn) 48
FIG. 14 Global Fumaric Acid Market for Printing Inks, 2013 – 2022, (Kilo Tons) (US$ Mn) 49
FIG. 15 Global Fumaric Acid Market for Paper Sizing, 2013 – 2022, (Kilo Tons) (US$ Mn) 49
FIG. 16 Global Fumaric Acid Market for Other Applications, 2013 – 2022, (Kilo Tons) (US$ Mn) 51
FIG. 17 North America Fumaric Acid Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 54
FIG. 18 Comparative Analysis of North America Fumaric Acid Market Revenue, By Country, 2013 – 2022, (US$ Mn) 58
FIG. 19 Europe Fumaric Acid Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 59
FIG. 20 Comparative Analysis of Europe Fumaric Acid Market Revenue, By Region, 2013 – 2022, (US$ Mn) 63
FIG. 21 Asia Pacific Fumaric Acid Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 64
FIG. 22 Asia Pacific Fumaric Acid Market Revenue, 2013 – 2022, (US$ Mn) 65
FIG. 23 Comparative Analysis of Asia Pacific Fumaric Acid Market Revenue, By Region, 2013 – 2022, (US$ Mn) 69
FIG. 24 RoW Fumaric Acid Market, 2013 – 2022, (Kilo Tons) (US$ Mn) 71
FIG. 25 Comparative Analysis of RoW Fumaric Acid Market Revenue, By Country, 2013 – 2022, (US$ Mn) 75

List of Tables

TABLE 1 Market Snapshot: Global Fumaric Acid Market 22
TABLE 2 Impact Indicators 35
TABLE 3 Impact Analysis of Drivers and Restraints 35
TABLE 6 North America Fumaric Acid Market, By End-use, 2013 – 2022 (Kilo Tons) (US$ Mn) 57
TABLE 7 Europe Fumaric Acid Market, By End-use, 2013 – 2022 (Kilo Tons) (US$ Mn) 62
TABLE 8 Asia Pacific Fumaric Acid Market By End-use, 2013 – 2022 (Kilo Tons) (US$ Mn) 68
TABLE 9 RoW Fumaric Acid Market, By End-use, 2013 – 2022 (Kilo Tons) (US$ Mn) 74
TABLE 10 Bartek Ingredients : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 76
TABLE 11 Changzhou Yabang Chemical Co., Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 78
TABLE 12 Dastech International Inc.. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 80
TABLE 13 Fuso Chemicals : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 82
TABLE 14 Nippon Shokubai Co., Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 84
TABLE 15 Polynt S.P.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 86
TABLE 16 Prinova LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 88
TABLE 17 Thirumalai Chemicals : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 90
TABLE 18 Tianjin Bohai Chemicals.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments) 92

Application Segmentation Analysis
On the basis of its application, the fumaric acid market is categorized into following segments:

  • Food & Beverages
  • Unsaturated Polyester Resin (UPR)
  • Alkyd Resins
  • Printing Inks
  • Paper Sizing
  • Others (Animal Feed, Cleansing Agent, etc.)

Fumaric Acid Market

Food & beverages accounted for the largest share of global fumaric acid market in 2015. Fumaric acid is used as a preservative in the food industry. It is also used as a substitute for tartaric acid and is used as a flavor enhancer in beverage industry. Growing demand for ready to eat food and changing lifestyle of people are some factors driving the growth of fumaric acid market. Unsaturated polyester resin (UPR) was the second largest application of fumaric acid in terms of revenue for the year 2015.

Increasing demand for unsaturated polyester resins from industries such as marine, automobile, aerospace, etc. have led to high demand for UPR in the market. Rising demand for automobiles from the emerging economies such as Asia Pacific, especially China and India are expected to fuel demand for unsaturated polyester resins, thereby contributing to the growth of global fumaric acid market. Hence, UPR is expected to boost high market demand for fumaric acid and is expected to retain its position in the near future due to rising developments globally. Applications such as alkyd resins, printing inks, paper sizing and others which include cleansing agents and animal feed are reported to experience steady demand during the forecast period from 2016 to 2022.

Geography Segmentation Analysis
On the basis of geography, the global rapeseed oil market is segmented into two following categories,

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • Rest of the World (RoW)
    • Australia
    • Brazil
    • Rest of RoW

Fumaric Acid Market

Asia Pacific accounted for the largest share of global fumaric acid market in 2015. It accounted for more than 30% share of global fumaric acid market. The changing lifestyle of people and increased demand for processed food has led to high demand for fumaric acid in the region. Rising disposable income of people is another factor promoting the growth of fumaric acid especially in the countries such as China and India. North America was the second largest market for fumaric acid in 2015. The region is anticipated to experience moderate growth due to strict regulations on usage of alkyd resins for industrial applications in the region. Europe accounted for more than 20% share of global fumaric acid market in 2015. High demand for fumaric acid is reported from Germany and France due to presence of automobile industry in the countries. Middle East & Africa and Rest of the World are also expected to boost market growth for fumaric acid during the forecast period from 2016 to 2022 due to increasing construction activities in the regions.

Hismation: Fumaric Acid
Fumaric acid is an organic acid which is easily found in nature. It is also known as trans-butenedioic acid which is a white crystalline compound. This white compound is known to be one among the two isomeric unsaturated dicarboxylic acids and the other is maleic acid. Fumaric acid tastes sweet and is also known as fumarates.

The roots of fumaric acids come from 1946 when it was used as a non-toxic additive in baking powders and beverages, based on its purity. Fumaric acid is a substitute to tartaric acid and is occasionally replaced by citric acid for its taste. Fumaric acid esters were introduced to the market in late 1950’s by a German chemist Schweckendiek for treatment of an autoimmune disease known as Psoriasis. The chemist used a standard protocol for psoriasis and made use of fumaric acid esters both topically and orally. After then these esters and fumaric acid was used for several industrial applications.

Initially, fumaric acid was produced from succinic acid through oxidation of furfural using chlorate and vanadium based catalyst. In the current scenario, fumaric acid is produced from catalytic isomerisation of maleic acid in aqueous solutions at a very low pH.  Maleic acid is easily available as hydrolysis product of maleic anhydride which is produced by catalytic oxidation of either butane or benzene.

Naturally fumaric acid is found in bolete mushrooms, fumitory, Iceland moss and lichens. It is an intermediate in the citric acid cycle which is carried on by the cells to produce energy from food. This cycle is also known as the KREBS cycle. The human skin has a natural tendency of producing fumaric acid in skin on exposure to sunlight. Not only humans and animal life but it is also known to be the essential part in plant’s life.

Fumaric acid has a wide range of applications in the market. It is used as a preservative, flavor enhancer and is also used as a building block for resins and polymers. Therefore, food, plastic, construction and personal products industry are responsible for high contribution to the growth of fumaric acid market. Lately, fumaric acid is also produced from biomass through fermentation. Production of fumaric acid through fermentation process has lowered the costs and made it available for many new chemical and allied industries.

Fumaric acid provides large number of benefits for its use in various industries. Some of the benefits are long lasting sour taste at pH ranging less than 4.5, greater buffering capacity, better flavor stability, antimicrobial effects at low pH etc. These benefits have led to high demand for fumaric acid from the food and beverages industry. Another application which is driving the demand for fumaric acid in the market is unsaturated polyester resins and alkyd resins. Growing automobile industry has led to high demand for unsaturated polyester resins, thereby promoting growth of fumaric acid. Other applications which make used of fumaric acid are animal feed, cleansing agents, confectionaries, bakery, etc. Therefore, fumaric acid is expected to offer many opportunities in the industrial as well as the food sector in the market.

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