Fumaric Acid Market Analysis And Forecasts To 2022 By Radiant Insights, Inc

Fumaric Acid Market Analysis And Forecasts To 2022 By Radiant Insights, Inc

  • Submitted By: vasu999
  • Date Submitted: 10/06/2015 1:25 AM
  • Category: Business
  • Words: 698
  • Page: 3

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.

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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...

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