The Global Fumaric Acid Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
Fumaric acid or trans-butenedioic acid is a white crystalline chemical compound. Fumaric acid is used in the manufacture of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, printing inks, and many others.
The technical barriers of fumaric acid are not high, and the major players are Yantai Hengyuan Bioengineering, Fuso Chemicals, Jiangsu Jiecheng Bioengineering, Changzhou Yabang Chemical, Sealong Biotechnology, Changmao Biochemical Engineering, Suzhou Youhe Science and Technology, and XST Biological. These companies mainly concentrate in Japan, China, and Europe. China is the largest consumer, almost 30% of total consumption in 2015, followed by Europe with 20% of sales share.
As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in fumaric acid industry will become more intense.
According to this study, over the next five years the Fumaric Acid market will register a 3.1% CAGR in terms of revenue, the global market size will reach US$ 590 million by 2024, from US$ 490 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Fumaric Acid business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Yantai Hengyuan Bioengineering
- Bartek Ingredients
- Thirumalai Chemical
- Fuso Chemicals
- Jiangsu Jiecheng Bioengineering
- Changzhou Yabang Chemical
- NIPPON SHOKUBAI
- Sealong Biotechnology
- Changmao Biochemical Engineering
- Suzhou Youhe Science and Technology
- XST Biological
Segmentation by product type:
Segmentation by application:
- Food & Beverages
- Rosin Paper Sizes
- Unsaturated Polyester Resin
- Alkyd Resins
This report also splits the market by region:
- United States
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- To study and analyze the global Fumaric Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Fumaric Acid market by identifying its various subsegments.
- Focuses on the key global Fumaric Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Fumaric Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Fumaric Acid submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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