DUBLIN, Oct. 6, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/b6mthk/global_fumaric) has announced the addition of the "Global Fumaric Acid Market 2015-2019" report to their offering.
The global fumaric acid market to grow at a CAGR of 6.67% over the period 2014-2019.
Global Fumaric Acid Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a comprehensive discussion on the market by geography; it also provides an extensive coverage on various applications of fumaric acid, considering both the existing market landscape and its growth prospects in the coming years. The report further presents the comparative assessment of the fumaric acid with the other acidulants. It also provides the market analysis for each application segment in detail, which can be used to evaluate the market for individual application segment based on its growth potential and return on investment.
The growing focus of food and beverage manufacturers toward launching unique and exotic flavored food and beverages products in the market is the main impetus for the growth of the market. Also, with the growing use of fumaric acid-based unsaturated polyester resins in the construction sector, the demand for fumaric acid is increasing.
According to the report, the global vehicle production is rising at a faster pace as compared to the previous years. China and the US are the major revenue contributors. Western Europe is gaining momentum while Eastern Europe is displaying vibrant growth in the automotive sector because of the availability of cheap labour and low manufacturing costs.
Further, the report states that constant fluctuations in the prices of starting raw materials such as crude oil (petroleum), which is used in the manufacture of fumaric acid, affect the profit margins of manufacturers.
The report further provides data on the following segments of the market:
- Application (food and beverages, rosin-sized sheathing paper, unsaturated polyester resins, alkyd resins, and other applications)
- Geography (APAC, North America, Europe, Latin America, and ROW)
- Dastech International
- Fuso Chemicals
- Thirumalai Chemicals
- Xilong Chemical Company
Other prominent vendors
- Changzhou Yabang Chemical
- Nippon Shokubai
- The Chemical Company
- U.S. Chemicals
- WEGO Chemicals & Mineral
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SOURCE Research and Markets