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Fumaric Acid Market growth is driven by rising demand in the food processing industry by 2024

Author : Ronak Bora | Published Date : 2019-04-05 

Global Market Insights, Inc. has added a new report on fumaric acid market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Global Fumaric Acid Market Size will observe a surge in demand owing to an expansion in the food processing industry. The product is white in color or colorless and available in dry powder, liquid and pellet large crystals.

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Adoption of convenience food coupled with ready-to-drink beverages is enhancing the global fumaric acid demand. Changing lifestyles, increasing disposable income, developing economies, purchasing power parity, rising number of working women are some of the factors that has augmented global fumaric acid demand. The global food and beverages industry was valued over 3 trillion in 2016.

Increasing demand for health and sport drinks is likely to augment further opportunity for global fumaric acid market in the forecast period. People by the day are getting health conscious to maintain a good and healthy lifestyle. Due to increasing number of diseases caused by unhealthy eating habits, people are getting more inclined towards consuming protein rich diet over junk food. Demand energy, cereals and nutritional bars is increasing rapidly which in turn is enhance the opportunities for fumaric acid market in near future.

On the basis of application, the global fumaric acid market is segmented as food & beverages, rosin paper sizes, unsaturated polyester resins (UPR), alkyd resins, and others. The product is responsible for flavor enhancement, preservation and maintaining the pH level in food and beverages. The shift in the trend from unhealthy and junk eating to nutritional diet consumption and health consciousness among consumers is likely to influence the food processing industry. Also, the introduction of wide range of flavors in exotic and ethnic food and beverages will uplift the fumaric acid market in the coming years.

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Rosin paper sizes is one of the important segment driving the fumaric acid market. Due to rising usage of alkaline paper making which acts as a substitute to the rosin paper sizes, the market demand for rosin paper sizes is likely to decline in the forecast period. Unsaturated polyester resins (UPR) are expected to exhibit a decent growth over the forecast period owing to its increasing application in end-user industries such as tank & pipes, marine and aerospace. Other applications of fumaric acid include plasticizers, lubricating oil, pharmaceuticals, feed additives and lacquers.

Prominent players operating in the global fumaric acid market include Fuso Chemicals, Nippon Shokubai, Tianjin Bohai Chemicals, The Chemical Company, Wego Chemicals & Mineral Corp, U.S. Chemicals, Changzhou Yabang Chemical, Xilong Chemical, Thirumalai Chemicals, Dastech International Incorporation, Polynt S.P.A, Prinova, BASF SE, Arkema and Huntsman Corporation to name a few.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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