Exfoliants Is Fastest Growing Segment Fueling The Growth Of Global Fumaric Acid Market

Fumaric Acid Market

 


The global Fumaric Acid Market is estimated to be valued at US$ 278.65 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Fumaric acid is an white crystalline unsaturated dicarboxylic acid. It has great chemical and physical properties such as low toxicity and corrosion resistance. Due to these properties it is majorly used as an acidulant and food additive in various food products and beverages.


Market key trends:


The major key trend driving the growth of global fumaric acid market is its increasing demand from food and beverage industry as an acidulant and flavoring agent. Fumaric acid helps improve the taste and shelf life of various food and beverages. Additionally, the skin care industry is increasingly adopting fumaric acid based exfoliants owing to its efficacy and minimal side effects. Fumaric acid exfoliants help remove dead skin cells gently without damaging the skin. Thus, rising focus on natural and organic personal care products is fueling the demand for fumaric acid in the exfoliants segment significantly.

Segment Analysis



The global fumaric acid market is segmented based on application and region. By application, the market is divided into food acidulant, unsaturated polyester resins, maleic acid, animals feed, and others. The unsaturated polyester resins segment accounted for the largest market share in 2022 and is expected to remain dominant over the forecast period. Fumaric acid is widely used in the production of unsaturated polyester resins as it improves the mechanical strength, corrosion resistance, and chemical resistance of the resins.


Key Takeaways



The Global Fumaric Acid Market Size was valued at US$ 278.65 million in 2023. It is expected to grow at a CAGR of 4.6% during the forecast period of 2023 to 2030. Increasing demand from the food and beverage industry is expected to drive the market over the next few years.

Regional Analysis

Asia Pacific accounted for the largest share of the global fumaric acid market in 2022. The region is estimated to continue its dominance during the forecast period as well, due to the extensive growth in the end-use industries such as food & beverages in emerging countries such as China and India. Rapid industrialization and urbanization in China and India are fueling the demand for fumaric acid in the region.

Key Players

Key players operating in the fumaric acid market are Anmol Chemicals, Bartek Ingredients Inc., Changmao Biochemm, ESIM Chemicals, Fuso Chemical Co. Ltd, Merck KGaA, Polynt, Thirumalai Chemicals Ltd, UPC Group, Yongsan Chemicals Inc., and XST Biological Co. Ltd. The major players are involved in expansion and new product launches to strengthen their foothold in the global market. In 2022, Polynt launched a new hydrolyzed polyester resin, R-1300FN, containing fumaric acid, to provide corrosion protection and resistance to ultraviolet light.

 

Read More - https://www.pressreleasebulletin.com/fumaric-acid-market-share-size-analysis-growth-and-trend-forecast/

Comments

Post a Comment

Popular posts from this blog

Riding the Wave: Navigating Dynamics in the Windsurf Foil Board Market

Image
   Windsurf Foil Board Market In the exhilarating world of water sports, the Windsurf Foil Board Market emerges as a key player, offering enthusiasts innovative equipment to enhance their riding experience. As this niche market continues to gain traction among windsurfing aficionados worldwide, it undergoes significant shifts influenced by various drivers, challenges, and geographical nuances. The Windsurf Foil Board Market size was valued at  US$ 167.4 Mn in 2024  and is expected to reach  US$ 268.6 Mn by 2031 , growing at a compound annual growth rate  (CAGR) of 7% from 2024 to 2031 Key Takeaways A prominent trend in the Windsurf Foil Board Market Demand is the increasing adoption of foil technology. Foil boards, equipped with hydrofoils beneath the waterline, enable riders to glide effortlessly above the water's surface, providing a thrilling and dynamic experience. This technological innovation has revolutionized the windsurfing landscape, attrac...
Read more

Navigating Opportunities In The Niemann-Pick Disease Drug Type C Treatment Market

Image
  Niemann-Pick Disease Drug Type C Treatment Market Key Takeaways The Niemann-Pick Disease Drug Type C Treatment Market is witnessing significant growth, driven by advancements in medical research and a deeper understanding of the disease pathology. Niemann-Pick Disease Type C (NPC) is a rare genetic disorder characterized by the accumulation of cholesterol and other lipids within cells, leading to progressive neurological and visceral symptoms. With an increasing focus on rare diseases and orphan drug development, the market for NPC treatment is expanding rapidly, offering hope to patients and caregivers. Key players in the pharmaceutical industry are actively investing in research and development to bring novel therapies to market, underscoring the potential for transformative interventions in NPC management. Global Niemann-Pick Disease Drug Type C Treatment Market is estimated to be valued at  US$ 45.40  million  in 2024, and is expected to exhibit a  CAG...
Read more

Automation of Agricultural Operations to Drive the Agricultural Drones Market Growth

Image
  Agricultural Drones Market The agricultural drones market enables precision farming and monitoring crop health, soil conditions as well as pests and diseases. Agricultural drones carry cameras, sensors or GPS trackers and help in crop monitoring, crop spraying, field mapping as well as aerial imaging. Agricultural drones generate high-resolution images and thermal maps, improving crop scouting and yield predictions. They help farmers optimize inputs, maximize productivity and minimize environmental impact. The global agricultural drones market is estimated to be valued at US$ 19.24 Bn in 2024 and is expected to exhibit a CAGR of 21% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the Agricultural Drones Market Size include Aeronavics, AeroVironment Inc., AgEagle Aerial Systems Inc., DELAIR SAS, DRONE VOLT, FlyGuys, Harris Aerial, ideaForge Technologies Pvt. Ltd., Kray Technologies, Nextech, Parrot Drones SAS, PrecisionHawk Inc., Sentera Inc., S...
Read more