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Fumaric Acid Prices Overview

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Market Overview

Quarterly Update on Global Fumaric Acid Market

For the Quarter Ending December 2020

Asia

Demand for Fumaric Acid witnessed an increment due to increased demand from food and beverage industry in Q4 as compared to Q3 of 2020. In the month of November, the demand for Fumaric Acid witnessed a rise due to the festive seasons in India as it is widely used as a food additive in food industry to increase the exotic and ethnic flavors in various food and beverages. Since countries like India, Indonesia and China are continuously expanding their infrastructure Thus a huge demand for Fumaric Acid has been derived through these countries in Asia Pacific region as these economies were making continuous progress to curb the losses witnessed during Corona period.

Europe

Due to the new strain of coronavirus followed by a second lockdown across the region, market sentiments for global Fumaric Acid have been severely hit in the European market. Industries like food and beverages and construction were the worst affected due to reduced manpower. With the imposition of second lockdown the region witnessed a downward slope in demand for Fumaric Acid that consequently led to a decrease in its prices in the final quarter. Besides, the consistent surge in the demand from pharma sector provided hopes to Fumaric Acid players that soon the market of Fumaric Acid will revive.

North America

With the buzz of roll out of corona vaccine in several parts of the globe, the market of North America seems became active again in Q4, although it is expected to take some more time to go back to its pre corona phase. Owing to the substantial increase in offtakes, food and beverages, chemical and pharma were the major industries which showcased maximum demand for Fumaric Acid. Consequently, its prices too witnessed marginal fluctuation with the volatility in prices of Benzene which is used feedstock for Maleic Acid through which Fumaric Acid is synthesized.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Fumaric Acid is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Fumaric Acid market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Fumaric Acid manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Fumaric Acid market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Fumaric Acid market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Fumaric Acid are analyzed and region-wise demand pattern is tracked.

About

Fumaric Acid is a colorless, hygroscopic, odorless, crystalline solid. It is also called 2-Butaendioic Acid trans and has a chemical formula C₄H₄O₄. Due to its hygroscopic nature, it is highly soluble in alcohol but partially soluble in water. It is found naturally in plants such as lichen and Iceland moss and like Vitamin D it is also produced on human skin when exposed to sunlight directly. Commercially, Fumaric Acid can be produced from Maleic Acid which in turn can be synthesized by catalytic oxidation of Benzene. Fumaric Acid can act as a buffer thus it can be used in bakery products as well. Owing to its binding property it can be used in paint industry and due to its acidulant nature it is widely used in pharmaceutical industry. Besides, it is used as a feedstock for the fabrication of polymer resin. Thus, its end use industries include food, chemical and pharmaceuticals.

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Fumaric Acid Prices Overview