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Fumaric Acid Market By Extraction Type (Fumaria Officinalis, Maleic Anhydride, Fermentation) By End Use (Food and Beverage, Cosmetic, Pharmaceutical, Chemical) By Application (Food Additives, Rosin Paper Sizes, Unsaturated Polyester Resins (UPR), Alkyd Resins, Animal Feed, Others) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

What is the Global Consumption of Fumaric Acid?

The global consumption of Fumaric Acid increased to more than 255-kilo metric tonnes in 2021 and is projected to witness substantial growth in the near future. In 2021, Asia Pacific dominated the global market consumption with China leading the way. Fumaric acid is utilised as an acidulant, pH controller, and flavour enhancer in the food and beverage industry. Because of the growing popularity of processed foods and the greater usage of flavouring compounds, global demand for fumaric acid has skyrocketed.

What is the Market Size of Fumaric Acid in terms of value?

Global Fumaric Acid Market is projected to increase at a significant CAGR of 4.70% in the coming years. In 2021, the global Fumaric Acid market was valued at USD 710.5 Million and is projected to reach the value of USD 979.92 million by 2028. The demand for Fumaric Acid is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 6,712.27 million during the forecast period between 2022 and 2028.

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What is the Price Trends for Fumaric Acid?

The food, pharmaceutical, and chemical sectors were the main drivers of Fumaric Acid demand. Meanwhile, rising upstream Maleic Anhydride prices pushed up Fumaric Acid’s production costs, affecting its pricing value. In conclusion, the evaluated prices of Fumaric Acid in the United States at CFR New York in January were USD 1060/MT, increasing to USD 1935/MT in February. The demand for Fumaric Acid in the domestic market increased due to increased demand from bakeries and confectionaries, as well as increased usage in the paint sector. As a result, during the month of March, the price of fumaric acid ex-Mumbai in India settled at USD 2266.67/MT.

Interesting Facts about Fumaric Acid Industry

The top 5 countries for Fumaric Acid exports are the US, Germany, China, Switzerland, and UK.
The top 5 importers of Fumaric Acid are Belgium, US, Spain, Netherlands, and Poland.
Fumaric acid is utilized as an acidulant, pH controller, and flavor enhancer in the food and beverage industry. Because of the growing popularity of processed foods and the greater usage of flavoring compounds, global demand for fumaric acid has skyrocketed. and others are the major factors driving the growth of the market.
One of the most prominent applications for fumaric acid is food processing. Fumaric acid is a common food additive used to keep food stable and add acidity to a variety of processed foods. Fumaric acid has a sourer flavor than citric acid. Fumaric acid is found in mushrooms, lichen, fumitory, Iceland moss, and bolete. Fumaric acid, on the other hand, is manufactured for use as a food additive, most commonly from malic acid in apples. are projected to hinder the growth of the Fumaric Acid market in food processing over the forecast period.
Asia Pacific region had a major share in terms of volume as well as value in the global Fumaric Acid market in 2021 and is projected to continue its dominance over the forecast period.
General economic conditions, such as substantial reliance on resins by construction/remodelling activities (residential and non-residential) and motor vehicle manufacture, have a significant impact on global demand for Unsaturated Polyester Resins (UPR). Thus, UPR segment has largest share in 2021.

Who are the Top 10 players/companies in the Fumaric Acid market in terms of value and volume?

The key players in the global Fumaric Acid market in terms of value and volume include Bartek Ingredients, Fuso Chemicals, Arkema SA, Xilong Chemical Company Ltd, Tianjin Bohai Chemicals, The Chemical Company, Wego Chemicals & Mineral Corp. BASF SE, Huntsman Corporation, and Prinova LLC. These major players are focusing on new product development and technical innovation in order to improve their Fumaric Acid production and achieve a competitive market share on a global scale. For instance, in March 2020, Bartek Ingredients Inc., a leading manufacturer of dynamic ingredients based in Canada, announced plans to increase malic and fumaric acid manufacturing capacity by 10,000 metric tonnes (MT). The company’s position in North America would be strengthened as a result of this expansion. On the other hand, in July 2019 Thirumalai Chemicals, based in India, approved the proposal to establish a subsidiary in the United States to operate a food ingredient production facility. It will generate malic and fumaric acid, with a total annual capacity of 30,000 tonnes. The company intends to meet the high demand for these chemicals in North America and elsewhere on the planet.

Who are the Top 10 Countries in the Fumaric Acid Market?

In the global Fumaric Acid market, the major countries are China, India, Japan, the U.S., Canada, the U.K., Germany, Australia, Switzerland, and France. China is the major producer and consumer of Fumaric Acid with more than 33% of the volume share in the global market in 2021. Processed fruits, pork, dairy, and a few specialty grains and legumes are among the food categories that could propel China’s food processing industry forward. As a result, the food and beverage industry provides investment prospects, as well as demand for new equipment utilized in such operations, which provides market potential.

Which is the Key End User Area in the Fumaric Acid Market?

The key applications of Fumaric Acid include food and beverage, cosmetic, pharmaceutical and chemical. Food and beverage have been the most popular application category in recent years. In food and beverage applications, fumaric acid is utilized for preservation and flavor enhancement. Over the projection period, the segment’s growth is likely to be driven by rising demand for convenience foods. Energy drinks and bars are expected to stimulate the food and beverage application industry even further. Fumaric acid is a common food ingredient that has been used to keep food stable and impart acidity to many processed meals. The flavor of fumaric acid is sourer than that of citric acid (another common food additive). Mushrooms, lichen, fumitory, Iceland moss, and bolete all contain fumaric acid.

However, fumaric acid has been synthesized for use as a food additive, with malic acid from apples being the most common source. The hydrophobic nature of fumaric acid results in a long-lasting sourness and some flavor impact when employed as a food additive. Fumaric acid likewise lowers the pH level while adding only a small amount of sourness. Fumaric acid has a higher buffering ability than other dietary acids due to its low molecular weight. Because of its strength, less amount of fumaric acid is necessary to be added, lowering costs.

What are the Major Driving Factors for the Fumaric Acid Market?

The food and beverage business, as well as the building and construction industry, drove the market for fumaric acid. Food safety and preservation, combined with the growing popularity of processed foods, were the primary factors driving demand for fumaric acid in the food and beverage industry. The main cause of the market’s rapid rise is an increase in demand from the chemicals processing industry. Rising industrialization, rising demand for baking powders in synthetic resins, and the development and growth of various end-user verticals such as the cosmetic industry, particularly in developing nations, will all have a direct and beneficial impact on the market’s growth rate.

What are the Major Restraints for Fumaric Acid Market?

The key restraint of the global Fumaric Acid market which is projected to hamper the market growth include is the health risk associated with fumaric acid. Government regulations governing the production of unsaturated polyester and alkyd resins may limit the market’s growth.

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Which Region Dominated the World Fumaric Acid Market?

In 2021, Asia Pacific dominated the global Fumaric Acid market. Due to demand from nations such as India, China, and Japan, the Asia Pacific region would dominate the worldwide fumaric acid market.

Processed fruits, pork, dairy, and a few specialty grains and legumes are among the food categories that could propel China’s food processing industry forward. As a result, the food and beverage industry provides investment prospects, as well as demand for new equipment utilized in such operations, which provides market potential. Nestle agreed in May 2020 to make a series of investments in the country to improve its footprints and expand its product portfolio. Nestle plans to invest roughly USD 103.4 million in a capacity expansion of its existing pet food plant in Tianjin, as well as its first plant-based product manufacturing facility in Asia.

India’s food processing industry has traditionally been focused on export. However, due to urbanization and consumer tastes, the local market is also expanding. India exported processed food worth INR 31,111 crores, primarily processed fruits, vegetables, and meats, including seafood, as well as a significant number of alcoholic beverages.

Segmentation of Global Fumaric Acid Market-

Global Fumaric Acid Market – Extraction Type

Fumaria Officinalis
Maleic Anhydride
Fermentation

Global Fumaric Acid Market – By End Use

Food and Beverage
Cosmetic
Pharmaceutical
Chemical

Global Fumaric Acid Market – By Application

Food Additives
Rosin Paper Sizes
Unsaturated Polyester Resins (UPR)
Alkyd Resins
Animal Feed
Others

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. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Fumaric Acid Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Fumaric Acid Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Extraction Type
3.3.2. Application
3.3.3. End-user
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Fumaric Acid Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Fumaric Acid Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Fumaria Officinalis
6.2.3. Maleic Anhydride
6.2.4. Fermentation
6.3. North America Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Food Additives
6.3.3. Rosin Paper Sizes
6.3.4. Unsaturated Polyester Resins (UPR)
6.3.5. Alkyd Resins
6.3.6. Animal Feed
6.3.7. Others
6.4. North America Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Food and Beverage
6.4.3. Cosmetic
6.4.4. Pharmaceutical
6.4.5. Chemical
6.4.6. Others

7. Europe
7.1. Europe Fumaric Acid Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Fumaria Officinalis
7.2.3. Maleic Anhydride
7.2.4. Fermentation
7.3. Europe Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Food Additives
7.3.3. Rosin Paper Sizes
7.3.4. Unsaturated Polyester Resins (UPR)
7.3.5. Alkyd Resins
7.3.6. Animal Feed
7.3.7. Others
7.4. Europe Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Food and Beverage
7.4.3. Cosmetic
7.4.4. Pharmaceutical
7.4.5. Chemical
7.4.6. Others

8. Asia Pacific
8.1. Asia Pacific Fumaric Acid Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Fumaria Officinalis
8.2.3. Maleic Anhydride
8.2.4. Fermentation
8.3. Asia Pacific Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Food Additives
8.3.3. Rosin Paper Sizes
8.3.4. Unsaturated Polyester Resins (UPR)
8.3.5. Alkyd Resins
8.3.6. Animal Feed
8.3.7. Others
8.4. Asia Pacific Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Food and Beverage
8.4.3. Cosmetic
8.4.4. Pharmaceutical
8.4.5. Chemical
8.4.6. Others

9. Latin America
9.1. Latin America Fumaric Acid Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Fumaria Officinalis
9.2.3. Maleic Anhydride
9.2.4. Fermentation
9.3. Latin America Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Food Additives
9.3.3. Rosin Paper Sizes
9.3.4. Unsaturated Polyester Resins (UPR)
9.3.5. Alkyd Resins
9.3.6. Animal Feed
9.3.7. Others
9.4. Latin America Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Food and Beverage
9.4.3. Cosmetic
9.4.4. Pharmaceutical
9.4.5. Chemical
9.4.6. Others

10. Middle East
10.1. Middle East Fumaric Acid Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Fumaria Officinalis
10.2.3. Maleic Anhydride
10.2.4. Fermentation
10.3. Middle East Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Food Additives
10.3.3. Rosin Paper Sizes
10.3.4. Unsaturated Polyester Resins (UPR)
10.3.5. Alkyd Resins
10.3.6. Animal Feed
10.3.7. Others
10.4. Middle East Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Food and Beverage
10.4.3. Cosmetic
10.4.4. Pharmaceutical
10.4.5. Chemical
10.4.6. Others

11. Africa
11.1. Africa Fumaric Acid Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Fumaria Officinalis
11.2.3. Maleic Anhydride
11.2.4. Fermentation
11.3. Africa Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Food Additives
11.3.3. Rosin Paper Sizes
11.3.4. Unsaturated Polyester Resins (UPR)
11.3.5. Alkyd Resins
11.3.6. Animal Feed
11.3.7. Others
11.4. Africa Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Food and Beverage
11.4.3. Cosmetic
11.4.4. Pharmaceutical
11.4.5. Chemical
11.4.6. Others

12. Global
12.1. Global Fumaric Acid Market, by Extraction Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Fumaria Officinalis
12.1.3. Maleic Anhydride
12.1.4. Fermentation
12.2. Global Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Food Additives
12.2.3. Rosin Paper Sizes
12.2.4. Unsaturated Polyester Resins (UPR)
12.2.5. Alkyd Resins
12.2.6. Animal Feed
12.2.7. Others
12.3. Global Fumaric Acid Market, by Application, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Food and Beverage
12.3.3. Cosmetic
12.3.4. Pharmaceutical
12.3.5. Chemical
12.3.6. Others

13. Company Profiles
13.1. Bartek Ingredients
13.2. Fuso Chemicals
13.3. Arkema SA
13.4. Xilong Chemical Company Ltd
13.5. Tianjin Bohai Chemicals
13.6. The Chemical Company
13.7. Wego Chemicals & Mineral Corp.
13.8. BASF SE
13.9. Huntsman Corporation
13.10. Prinova LLC
13.11. Others

List of Figures
FIG. 1 Global Fumaric Acid Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Fumaric Acid Market Segmentation
FIG. 4 Global Fumaric Acid Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Fumaric Acid Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Fumaric Acid Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2021
FIG. 8 Global Market Positioning of Key Fumaric Acid Market Manufacturers, 2019
FIG. 9 Global Fumaric Acid Market Value Contribution, By Extraction Type, 2021 & 2028 (Value %)
FIG. 10 Global Fumaric Acid Market, by Fumaria Officinalis, Value, 2016-2028 (US$ Bn)
FIG. 11 Global Fumaric Acid Market, by Maleic Anhydride, Value, 2016-2028 (US$ Bn)
FIG. 12 Global Fumaric Acid Market, by Fermentation, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Fumaric Acid Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 14 Global Fumaric Acid Market, by Food Additives, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Fumaric Acid Market, by Rosin Paper Sizes, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Fumaric Acid Market, by Unsaturated Polyester Resins (UPR), Value, 2016-2028 (US$ Bn)
FIG. 17 Global Fumaric Acid Market, by Alkyd Resins, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Fumaric Acid Market, by Animal Feed, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Fumaric Acid Market Value Contribution, By End Use, 2021 & 2028 (Value %)
FIG. 20 Global Fumaric Acid Market, by Food and Beverage, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Fumaric Acid Market, by Food and Beverage, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Fumaric Acid Market, by Food and Beverage, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Fumaric Acid Market, by Chemical, Value, 2016-2028 (US$ Bn)
FIG. 24 U.S. Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 25 Rest of North America Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 26 U.K. Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 27 Germany Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 28 France Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 29 Italy Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 30 Spain Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 31 Russia Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 32 BENELUX Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 33 Poland Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 34 Austria Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 35 Rest of Europe Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 36 Japan Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 37 China Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 38 India Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 39 South Korea Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 40 Australia Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 41 Southeast Asia Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 42 Rest of Asia Pacific Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 43 Middle East & Africa Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 44 South Africa Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 45 Nigeria Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 46 Egypt Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 47 GCC Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 48 Israel Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 49 Latin America Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 50 Mechanicalzil Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 51 Argentina Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 52 Colombia Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 53 Peru Fumaric Acid Market, 2016-2028 (US$ Bn)
FIG. 54 Chile Fumaric Acid Market, 2016-2028 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Beauty Devices (Fumaric Acid) Market
TABLE 2 Global Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 3 Global Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 4 Global Fumaric Acid Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 North America Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 North America Fumaric Acid Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 Europe Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 Europe Fumaric Acid Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Fumaric Acid Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 15 Latin America Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 16 Latin America Fumaric Acid Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 18 Middle East Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Middle East Fumaric Acid Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Fumaric Acid Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 Africa Fumaric Acid Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 Africa Fumaric Acid Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

Which is the leading market for Fumaric Acid Market?

Asia Pacific accounted for the highest share in the global Fumaric Acid market in terms of value as well as volume.

What are the key drivers for the growth of the Fumaric Acid market?

The market for fumaric acid was driven by the food and beverage industry, as well as the building and construction industry. An increase in demand from the chemical’s processing industry is the primary driver of the market’s rapid growth

Which is the major segment in Fumaric Acid Market by End User?

Food and Beverages Fumaric Acid had a major share in 2021 with more than 55% of the market revenue share.

Which is the major segment in Fumaric Acid Market by Application?

Unsaturated Polyester Resins (UPR) had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

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