Growing Popularity In The Energy Drinks Among Athletes And Fitness Conscious Population Has Spurred The Growth Of The India Fumaric Acid.
The global India Fumaric Acid market is forecast to reach USD 974.4 Million by 2027, according to a new report by Reports and Data. The growing popularity in the energy drinks among athletes and fitness conscious population has spurred the growth of the India Fumaric Acid. The increase in the application of the acid in various end-use industries has encouraged its growth, particularly the boost from the food and beverage industry. The market product plays a crucial role in the manufacture of energy drink, for stabilizing the beverage and maintaining its quality over time.
India Fumaric Acid also finds application in unsaturated polyester resins and alkyd resins to maintain the molecular chain. The demand for these products is expected to grow in the coming years owing to its application in the construction as well as automotive production. Thus, an increase in construction activities all across the globe, and expansion of automotive production will foster the market demand.
Strict government regulations regarding the impact of the acid on the environment and concerns to lower carbon footprint are expected to limit the market growth, although an increase in the research and development for bio-based India Fumaric Acid is expected to provide growth opportunities to the market vendors.
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Top Companies Profiled in the Report: Prinova LLC, Dastech International Inc., Bartek Ingredients, Polynt S.P.A, Thirumalai Chemicals, Fuso Chemicals, Xilong Chemical Company Ltd., Tianjin Bohai Chemicals, Nippon Shokubai Co. Ltd., and The Chemical Company, among others.
Further Key Finding From the Report Suggestion:
India Fumaric Acid is used in oral pharmaceutical formulations and has been found useful in the treatment of psoriasis. Adults with moderate to severe psoriasis can be treated with India Fumaric Acid esters. It is also used in treating patients with systemic lupus and severe disseminated granuloma annulare. The pharmaceutical sector is expected to grow with a CAGR of 5.0% during the forecast period.
Currently, India Fumaric Acid is produced chemically from maleic anhydride, which in turn is produced from butane. However, as petroleum prices rise rather quickly, maleic anhydride as a petroleum derivative increased its price as well. However, the current drastic fall in the price of petroleum during the COVID-19 crisis can propel the demand for the production of India Fumaric Acid by maleic anhydride.
India Fumaric Acid has proven to be an effective additive to piglet feed during the post-weaning period. The inclusion of the acid and the resultant adjustment of the pH value demonstrate improvement in weight gain, feed conversion ratio and food consumption. The animal feed segment is forecasted to grow with a CAGR of 4.4% during the forecast period.
The widespread construction activity in the European region is driving the demand in the region. The reconstruction and remodeling activities in the continent is creating a huge demand for unsaturated polyester resin. Germany, Italy, the UK, and France were the major consumers of the market product.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/fumaric-acid-market
Market Segmentation:
Extraction Type Outlook (Revenue, USD Million; 2017-2027)
- Fumaria Officinalis
- Maleic Anhydride
- Fermentation
Application Outlook (Revenue, USD Million; 2017-2027)
- Food Additive
- Rosin Paper Sizes
- Unsaturated Polyester Resins (UPR)
- Alkyd Resins
- Animal Feed
- Others
End Use Industry Outlook (Revenue, USD Million; 2017-2027)
- Food and Beverage
- Cosmetic
- Pharmaceutical
- Chemicals
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key India Fumaric Acid market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global India Fumaric Acid market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global India Fumaric Acid market key players
3.2 Global India Fumaric Acid size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the India Fumaric Acid market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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