Product
Fumaric Acid Price Trend and Forecast
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
Asia
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.
Europe
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.
About
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.
Methodology
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).
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