Market Size of Fumaric Acid Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 285.43 kilotons |
| Market Volume (2029) | 346.43 kilotons |
| CAGR (2024 - 2029) | 3.95 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fumaric Acid Market Analysis
The Fumaric Acid Market size is estimated at 285.43 kilotons in 2024, and is expected to reach 346.43 kilotons by 2029, growing at a CAGR of 3.95% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
- The growing application in the food and beverage industry is a major factor driving the market studied.
- Health hazard related to fumaric acid is one of the major restraining factors for the market studied.
- The emergence of new potential application areas will likely act as an opportunity for the market studied.
- Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period.
