Fumaric Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Fumaric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Fumaric Acid Price Trend for the H1 of 2023


During the initial months of the first quarter, the price trends of fumaric acid declined due to the lowering of feedstock maleic acid prices. However, the market inclined significantly towards the end of Q1 as it gained support from the decrease in supply due to the shutting of major manufacturing units. In the second quarter, the demand turned sluggish, causing a stockpiling of products in the market. The manufacturers were forced to decrease their production outputs and, thus, their price quotations. In addition, the falling sales of the downstream industries, the slow movement of raw materials, and rising interest rates affected market sentiments.


The first quarter saw an incline in fumaric acid prices as the market attained supply-demand equilibria. It was also supported by rising raw material costs and soaring energy prices. The second quarter, however, did not follow in the steps of the first quarter as the trend declined throughout the quarter. A significant decline was due to the downward trajectory in the demand sector and the weak performance of the economy. In addition, the feedstock market and strong supply of the product in the region also negatively impacted the prices of fumaric acid.

North America

The prices of fumaric acid inclined in the initial months of the first quarter as the feedstock prices supported the rise in the trajectory. But soon, the trend slid due to significant disruption in the supply and demand dynamics of the North American market. The drop in phenol prices and rising inflation rates, along with a decrease in imports and stagnancy in the demand sector, eventually led to the fall in the price trend of fumaric acid.

Analyst Insight

According to Procurement Resource, fumaric acid prices are expected to showcase a declining trajectory as the demand from the downstream industries and rising inflation rates will impact the market deeply.

Procurement Resource provides latest prices of Fumaric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.


Fumaric acid is a naturally occurring organic compound with the molecular formula C4H4O4. It is a dicarboxylic acid and is commonly found in certain fruits and vegetables. As a food additive, fumaric acid is used to enhance the tartness and acidity of various products. It also finds applications in the production of beverages, baked goods, and confectionery items. Moreover, fumaric acid is employed in the pharmaceutical and chemical industries, where it serves as a key component in the synthesis of certain drugs and resins.

Product Details

Report Features Details
Product Name Fumaric Acid
Chemical Formula C4H4O4
Industrial Uses Food and beverage, Resin production, Cosmetics, Pharmaceuticals
HS Code 29171950
CAS Number 110-17-8
Molecular Weight 116.07 g/mol
Synonyms Donitic acid, Boletic acid, But-2-enedioic acid
Supplier Database Bartek Ingredients Inc, XST Biological Co. Ltd, Changmao Biochemical Engineering Company Limited, Fuso Chemical Co. Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In this process, benzene is catalytically oxidized in a gaseous phase to yield maleic anhydride. Maleic acid is then created by hydrolyzing maleic anhydride. Finally, fumaric acid is created by further isomerizing maleic acid.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.