LAS VEGAS, Oct. 17, 2017 (GLOBE NEWSWIRE) — The global fumaric acid market was valued around USD 0.41 billion in 2016 and is expected to reach roughly USD 0.72 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.35% during the forecast period, owing to the rise in popularity of processed food together with availability of ready-to-drink beverages. Fumaric acid plays the role of a food additive (acidulant) and renders pH adjustment, flavor improvement, and preservation in beverages & food.
Major Key Player
Thirumalai Chemicals
Dastech International Inc.
Xilong Chemical Company Ltd
The Chemical Company
Tianjin Bohai Chemicals
Changzhou Yabang Chemical Co. Ltd
Nippon Shokubai Co. Ltd
U.S. Chemicals LLC
Wego Chemicals
Mineral Corp
Application Outlook and Trend Analysis
Beverage and foods were the important application section for fumaric acid market over the precedent few years. Fumaric acid is utilized for flavor enhancement and preservation in Beverage and foods. Increasing convenience food demand is anticipated to fuel Beverage and foods application demand. The launching of energy bars and drinks is expected to boost the demand of fumaric acid for Beverage and foods application. In the year 2013, rosin paper sizing were the subsequent largest application segment. This application section is likely to weaken as a result of its increasing replacement with alkaline papermaking. Unsaturated polyester resins (UPR) are predicted to show fair growth rate during the forecast years. The growing uses of unsaturated polyester resins (UPR) in various industries like marine, aerospace, and pipes & tank are likely to augment the growth of the fumaric acid market over the next few years. Other applications of fumaric acid involve pharmaceuticals, feed additives, lacquers, lubricating oil, and plasticizers.
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Application Outlook and Trend Analysis
Beverage and foods were the important application section for fumaric acid market over the precedent few years. Fumaric acid is utilized for flavor enhancement and preservation in Beverage and foods. Increasing convenience food demand is anticipated to fuel Beverage and foods application demand. The launching of energy bars and drinks is expected to boost the demand of fumaric acid for Beverage and foods application. In the year 2013, rosin paper sizing were the subsequent largest application segment.
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Table of Contents :
1.Introduction
2.Executive Summary
3.Market Overview
4.Fumaric Acid Market, By Application
4.1.Introduction
4.2.Fumaric Acid Market Assessment and Forecast, By Application, 2016-2025
4.3.Food & Beverages
4.3.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4.Rosin Paper Sizes
4.4.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.5.Unsaturated Polyester Resins (UPR)
4.5.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.6.Alkyd Resins
4.6.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.7.Other Applications
4.7.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.Fumaric Acid Market, By Application
6.Fumaric Acid Market, By Region
7.Company Profiles
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