Fumaric Acid Market Size By Application (Food & Beverages, Rosin Paper Sizes, Rosin, UPR, Alkyd Resins), Competitive Analysis & Forecast, 2013 - 2020

September 6, 2016 | 104 Pages | Bulk Chemicals

Industry Overview

Global fumaric acid market size is expected to reach 346.2 kilo tons by 2020, growing at a CAGR of 5.9% from 2014 to 2020. Increase in convenience food demand coupled with growing ready-to-drink (RTD) beverages is expected to drive fumaric acid market over the next six years. Fumaric acid is used as an acidulant to increase the shelf life in food & beverages application. It also provides pH adjustment and flavor enhancing properties in food & beverages. Global fumaric acid prices are estimated to be stable over the past few years owing to increasing demand of acidulants from food & beverages industry.

Growing trend towards adoption of nutritional diet coupled with increasing health consciousness among consumers is anticipated to drive healthy food & beverages consumption. This factor is expected to positively influence the demand.

Global market is witnessing a shift towards energy drinks consumption coupled with introduction of new ethnic and exotic flavors in food & beverages industry. Global decline in average household size is expected to increase packaged food demand. Global beverage consumption was more than 650,000 million liters in 2012 and is expected to cross 800,000 million liters by 2017. These factors are expected to drive demand for food & beverages application.

Increasing unsaturated polyester resins (UPR) and paints demand from increasing infrastructure spending coupled with growing automobile production particularly in countries such as China, India and Brazil is likely to surge the demand. UPR is used in construction applications such as anchoring grout, concrete, mortars and coatings whereas in automotive industry, it is used as body filler for reconstruction and repair of damaged parts of vehicles

The Chinese construction industry recorded a double digit growth in the years 2008 to 2012. In 2011 the industry was valued at USD 521.9 billion and is expected to surpass USD 1,194 billion by 2018 growing at a CAGR of 13.2% from 2012 to 2018 Global motor sales registered approximately 85 million units in 2013 increasing by 4% as compared to 2012. Passenger cars contributed approximately 63 million units and remaining by commercial sale with 22 million units in 2013. Global automobile production is expected to exceed more than 100 million units by 2017.

Global food & beverages industry may use fumaric acid instead of tartaric & citric acid for snack & syrup applications. Stringent environmental regulations owing to reduce carbon emissions are expected to challenge industry participants. Increasing investments through research for developing fumaric acid from bio-based contents are expected to open new avenues in industry.

Application Overview

Food & beverages was the largest application segment with a market valuation of over USD 150 million in 2013. Shift in trend towards packaged food consumption owing to hectic lifestyles is expected to drive the demand.

Rosin paper sizes were the second largest application and accounted close to 20% of the market share in 2013. This application is expected to witness sluggish growth rates of over 5% from 2014 to 2020 owing to growing use of alkaline papermaking.

UPR application accounted for over 15% of the total demand in 2013 and is expected to witness average growth rates of approximately 6% from 2014 to 2020. Fumaric acid is used as an intermediate for UPR production for construction and automobile applications. UPR is also used in end-use industry applications such as tanks, marine, aerospace and pipes.

Other application includes pharmaceuticals, feed additives, plasticizers, lacquers and lubricating oil.

Regional Overview

Asia Pacific fumaric acid market dominated the regional market with registering revenues exceeding USD 250 million in 2013. Increasing processed food demand coupled with growing per-capita middle class disposable income is countries such as China and India is expected to drive market.

North America was the second largest regional market in 2013 and is expected to witness moderate gains of over 4% up to 2020. European market was valued at over USD 60 million in 2013 and is expected to witness below average growth rates. Europe is expected to grow owing to growing convenience food demand and presence of automobile manufacturers in countries such as Germany, France and UK.

Competitive Market Share

Few large scale manufacturers such as Prinova LLC, Bartek Ingredients, Fuso chemicals and Polynt S.P.A. dominate the global fumaric acid market share. Industry participants are focusing on innovation to develop product for niche application and expand their market share. Other prominent companies include Thirumalai Chemicals, Dastech International Inc., Nippon Shokbai Co. Ltd, Xilong Chemical Company Ltd, The Chemical Company, Tianjin Bohai Chemicals, U.S. Chemicals LLC, Changzhou Yabang Chemical Co. Ltd and Wego Chemicals & Mineral Corp.

Table of Contents

Chapter 1. Executive Summary
1.1. Fumaric acid - Industry Summary and Critical Success Factors (CSFs)

Chapter 2. Fumaric acid Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Fumaric acid Value Chain Analysis
2.4. Fumaric acid production cost analysis
2.5. Fumaric acid pricing analysis
2.6. Fumaric acid Market Dynamics
       2.6.1. Market driver analysis
              2.6.1.1. Increasing convenience food & beverages demand
              2.6.1.2. Growth of construction industry
       2.6.2. Market restraint analysis
              2.6.2.1. Stringent government regulations
2.7. Key Opportunities Prioritized
2.8. Industry Analysis - Porter's
2.9. Fumaric acid Market PESTEL Analysis, 2013

Chapter 3. Fumaric acid Application Outlook
3.1. Global Fumaric acid Market Share by Application, 2013 & 2020
3.2. Food & Beverages
       3.2.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       3.2.2. Market estimates and forecast by region, 2007 - 2020 (Tons) (USD Million)
3.3. Rosin Paper Sizes
       3.3.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       3.3.2. Market estimates and forecast by region, 2007- 2020 (Kilo Tons) (USD Million)
3.4. UPR
       3.4.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       3.4.2. Market estimates and forecast by region, 2007 - 2020 (Tons) (USD Million)
3.5. Alkyd Resins
       3.5.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       3.5.2. Market estimates and forecast by region, 2007 - 2020 (Kilo Tons) (USD Million)
3.6. Others
       3.6.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       3.6.2. Market estimates and forecast by region, 2007 - 2020 (Kilo Tons) (USD Million)

Chapter 4. Fumaric acid Regional Outlook
4.1. Global Fumaric acid Market Share by Region, 2013 & 2020
4.2. North America
       4.2.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       4.2.2. Market estimates and forecast by application, 2007 - 2020 ( Kilo Tons) (USD Million)
       4.2.3. U.S
              4.2.3.1 Market estimates and forecast, 2007-2020, (Kilo Tons) (USD Millions)
              4.2.3.2 Market estimates and forecast by application, 2007 - 2020 (Kilo Tons) (USD Million)
       4.2.4. Canada
              4.2.4.1 Market estimates and forecast, 2007-2020, (Kilo Tons) (USD Millions)
              4.2.4.2 Market estimates and forecast by application, 2007 - 2020 (Kilo Tons) (USD Millions)
4.3. Europe
       4.3.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       4.3.2. Market estimates and forecast by application, 2007 - 2020 (Tons) (USD Million)
4.4. Asia Pacific
       4.4.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       4.4.2. Market estimates and forecast by application, 2007 - 2020 (Kilo Tons) (USD Million)
4.5. Central & South America
       4.5.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       4.5.2. Market estimates and forecast by application, 2007 - 2020 (Kilo Tons) (USD Million)
4.6. Middle East & Africa
       4.6.1. Market estimates and forecast, 2007 - 2020, (Kilo Tons) (USD Million)
       4.6.2. Market estimates and forecast by application, 2007 - 2020 (Kilo Tons) (USD Million)

Chapter 5. Competitive Landscape
5.1. Bartek Ingredients
5.2. Prinova LLC
5.3. Polynt S.P.A
5.4. Dastech International Inc.
5.5. Thirumalai Chemicals
5.6. Xilong Chemical Company Ltd.
5.7. Fuso Chemicals
5.8. Nippon Shokubai Co. Ltd.
5.9. Tianjin Bohai Chemicals
5.10. The Chemical Company
5.11. Wego Chemicals & Mineral Corp.
5.12. U.S. Chemicals LLC
5.13. Changzhou Yabang Chemical Co. Ltd.

List of Tables

1. Fumaric acid - Industry Summary & Critical Success Factors (CSFs)
2. Global Fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
3. Global Fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
4. Global Fumaric acid volume estimates and forecast by region, 2007 - 2012 (Kilo Tons)
5. Global Fumaric acid volume and forecast by region, 2013 - 2020 (Kilo Tons)
6. Global Fumaric acid revenue estimates and forecast, 2007 - 2012 (USD Million)
7. Global Fumaric acid revenue estimates and forecast, 2013 - 2020 (USD Million)
8. Global Fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
9. Global Fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
10. Global Fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
11. Global Fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
12. Fixed capital investment components
13. Working capital components
14. Equipment and electrical installation cost
15. Operating cost components
16. Global fumaric acid price trend, 2007 - 2013, (USD/Ton)
17. U.S. and Canada fumaric acid price trend, 2007 - 2013, (USD/Ton)
18. Global fumaric acid price forecast by region, 2014 - 2020, (USD/Ton)
19. U.S. and Canada fumaric acid price trend, 2014 - 2020, (USD/Ton)
20. Fumaric acid - Key market driver analysis
21. Fumaric acid - Key market restraint analysis
22. Fumaric acid market estimates and forecast from food & beverages, 2007 - 2020 (Kilo Tons) (USD Million)
23. Fumaric acid market estimates and forecast from food & beverages, 2013 - 2020 (Kilo Tons) (USD Million)
24. Fumaric acid volume estimates and forecast from food & beverages by region, 2007 - 2012 (Kilo Tons)
25. Fumaric acid volume estimates and forecast from food & beverages by region, 2013 - 2020 (Kilo Tons)
26. Fumaric acid revenue estimates and forecast from food & beverages by region, 2007 - 2012 (USD Million)
27. Fumaric acid revenue estimates and forecast from food & beverages by region, 2013 - 2020 (USD Million)
28. Fumaric acid market estimates and forecast from rosin paper sizes, 2007 - 2012 (Kilo Tons) (USD Million)
29. Fumaric acid market estimates and forecast from rosin paper sizes, 2013 - 2020 (Kilo Tons) (USD Million)
30. Fumaric acid volume estimates and forecast from rosin paper sizes by region, 2007 - 2012 (Kilo Tons)
31. Fumaric acid volume estimates and forecast from rosin paper sizes by region, 2013 - 2020 (Kilo Tons)
32. Fumaric acid revenue estimates and forecast from rosin paper sizes by region, 2007 - 2012 (USD Million)
33. Fumaric acid revenue estimates and forecast from rosin paper sizes by region, 2013 - 2020 (USD Million)
34. Fumaric acid market estimates and forecast from UPR, 2007 - 2012 (Kilo Tons) (USD Million)
35. Fumaric acid market estimates and forecast from UPR, 2013 - 2020 (Kilo Tons) (USD Million)
36. Fumaric acid volume estimates and forecast from UPR by region, 2007 - 2012 (Kilo Tons)
37. Fumaric acid volume estimates and forecast from UPR by region, 2013 - 2020 (Kilo Tons)
38. Fumaric acid revenue estimates and forecast from UPR by region, 2007 - 2012 (USD Million)
39. Fumaric acid revenue estimates and forecast from UPR by region, 2013 - 2020 (USD Million)
40. Fumaric acid market estimates and forecast from alkyd resins, 2007 - 2012 (Kilo Tons) (USD Million)
41. Fumaric acid market estimates and forecast from alkyd resins, 2013 - 2020 (Kilo Tons) (USD Million)
42. Fumaric acid volume estimates and forecast from alkyd resins by region, 2007 - 2012 (Kilo Tons)
43. Fumaric acid volume estimates and forecast from alkyd resins by region, 2013 - 2020 (Kilo Tons)
44. Fumaric acid revenue estimates and forecast from alkyd resins by region, 2007 - 2012 (USD Million)
45. Fumaric acid revenue estimates and forecast from alkyd resins by region, 2013 - 2020 (USD Million)
46. Fumaric acid market estimates and forecast from other applications, 2007 - 2012 (Kilo Tons) (USD Million)
47. Fumaric acid market estimates and forecast from other applications, 2013 - 2020 (Kilo Tons) (USD Million)
48. Fumaric acid volume estimates and forecast from other applications by region, 2007 - 2012 (Kilo Tons)
49. Fumaric acid volume estimates and forecast from other applications by region, 2013 - 2020 (Kilo Tons)
50. Fumaric acid revenue estimates and forecast from other applications by region, 2007 - 2012 (USD Million)
51. Fumaric acid revenue estimates and forecast from other applications by region, 2013 - 2020 (USD Million)
52. North America fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
53. North America fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
54. North America fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
55. North America fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
56. North America fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
57. North America fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
58. U.S. fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
59. U.S. fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
60. U.S. fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
61. U.S. fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
62. U.S. fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
63. U.S. fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
64. Canada fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
65. Canada fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
66. Canada fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
67. Canada fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
68. Canada fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
69. Canada fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
70. Europe fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
71. Europe fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
72. Europe fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
73. Europe fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
74. Europe fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
75. Europe fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
76. Asia Pacific fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
77. Asia Pacific fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
78. Asia Pacific fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
79. Asia Pacific fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
80. Asia Pacific fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
81. Asia Pacific fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
82. Central & South America fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
83. Central & South America fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
84. Central & South America fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
85. Central & South America fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
86. Central & South America fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
87. Central & South America fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)
88. Middle East & Africa fumaric acid market estimates and forecast, 2007 - 2012 (Kilo Tons) (USD Million)
89. Middle East & Africa fumaric acid market estimates and forecast, 2013 - 2020 (Kilo Tons) (USD Million)
90. Middle East & Africa fumaric acid volume estimates and forecast by application, 2007 - 2012 (Kilo Tons)
91. Middle East & Africa fumaric acid volume estimates and forecast by application, 2013 - 2020 (Kilo Tons)
92. Middle East & Africa fumaric acid revenue estimates and forecast by application, 2007 - 2012 (USD Million)
93. Middle East & Africa fumaric acid revenue estimates and forecast by application, 2013 - 2020 (USD Million)

List of Figures

1. Fumaric acid market segmentation
2. Global Fumaric acid market estimates and forecasts, 2007 - 2020 (Kilo Tons) (USD Million)
3. Fumaric acid total capital investment distribution share
4. Fumaric acid operating cost distribution share
5. Global fumaric acid price trend by region, 2007 - 2020 (USD/Ton)
6. U.S and Canada acid price trend by region, 2007 - 2020 (USD/Ton)
7. Global fumaric acid price trend by region, 2007 - 2020 (USD/Ton) (Expansion considered)
8. U.S and Canada acid price trend by region, 2007 - 2020 (USD/Ton) (Expansion considered)
9. Fumaric acid - Value Chain Analysis
10. Fumaric acid - Market Dynamics
11. Fumaric acid -Company market share analysis, 2013
12. Key Opportunities - Prioritized
13. Fumaric acid - Porter’s Analysis
14. Fumaric acid - PESTEL Analysis
15. Global Fumaric acid market volume share by application, 2013 & 2020
16. Global Fumaric acid market volume share by region, 2013 & 2020

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