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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global fumaric acid market is primarily driven by its increasing applications in various industries. The rising demand for processed food and ready-to-drink beverages has escalated its demand as fumaric acid acts as an acidulant, preservative, pH adjusting agents and flavor enhancer in the food and beverage industry. In the plastic industry, fumaric acid is employed to manufacture unsaturated polyester resin and alkyd resins, which are used in the building and construction industry. Besides this, with the rising health consciousness, more individuals are becoming incline toward health drinks and nutritional bars containing fumaric acid. Furthermore, several manufacturers have introduced bio-based fumaric acidto develop new processes based on renewable sources. These factors are expected to provide a positive outlook to the market in the coming years.

Breakup by Application:

• Food Additives
• Rosin-Sized Sheathing Paper
• Unsaturated Polyester Resins
• Alkyd Resins
• Others

Breakup by End-Use:

• Food and Beverages Industry
• Cosmetics Industry
• Pharmaceutical Industry
• Chemical Industry
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Bartek Ingredients Inc.
• Dastech International
• Fuso Chemical Co., Ltd.
• Polynt
• Prinova Group
• Changzhou Yabang Chemical Co. Ltd.
• Nippon Shokubai
• The Chemical Company
• Thirumalai Chemicals
• U.S. Chemicals
• Wego Chemical Group
• Huntsman Corporation.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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