Fumaric Acid Price Trend

Fumaric Acid Prices December 2023

Once the pricing strategies were set by China, the wave of influence radially covered United States, including the pricing structure of Fumaric Acid. Yet prices signaled a strong recovery in December with the 1.16% boost. The latest price of Fumaric Acid in the fourth quarter of 2019 (1310 USD/MT CFR New York) was making the headlines in the market.

Moreover, it is mentioned that prices grew considerably higher across China due to an average quarterly raise of 2.71 percent year-on-year reaching 1182 USD/MT FOB-Shanghai. The charted predicted movement for Fumaric acid in China suggests the potential drop before the end of the month.

However, due to a dramatical rise in the foreign fumaric acid supply price in Europe, which had much the same pattern as the pricing trend of the exporting nations, Germany as an importer of European fumaric acid felt the heavy brunt of this price hike. In quarter-to-quarter terms, the average increment of Fumaric Acid prices in Germany over the last four quarters comprised of 3.29% - COVID-19 and Its Effect on Global Supply Chains In terms of accountable German currency today, the Fumaric acid CFR Hamburg price is 1300 USD/MT. But the cost of commodities reduced in the last quarter of the year, it happened, as the buildup of stocks have taken place in the search of an expected upsurge of demand from its clientele.

Fumaric Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Fumaric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of fumaric acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of fumaric acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of fumaric acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing fumaric acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Fumaric Acid Market Analysis

The global fumaric acid market size reached US$ 775.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1134.5 Million, at a projected CAGR of 4.20% during 2023-2032.

• The food and beverage industry operates as the main driver of fumaric acid markets where it is used as a food additive, preservative and to impart sour flavor. As per the report by Food and Agriculture Organization (FAO) of the United Nations, global food and beverages consumption is on course to increase by 2.5% annually. As a result, fumaric acid is going to play a significant role as an ingredient in various products including beverages, bakery items and confectionery.
• The rise in the pharmaceutical industry's application of fumaric acid as an ingredient such as in preparation of medicines and other types of medical formulations is considered as a major factor. The pharmaceutical industry is a well-known one that more often than not is also experiencing periodic growth, especially in areas such as in the developing economies of the world which makes the demand of fumaric acid in pharmaceutical applications to increase. There are available numbers from the WHO of the World Health Organization anticipating the global pharmaceutical sales to move to $1.5 trillion by 2023, and driving demand for the fumaric acid usage in pharmaceutical mixtures.
• Fumaric acid process is further integrated into unsaturated polyester resin (UPR) manufacturing which magnifies the construction materials market. The development sector’s ongoing expansion, especially in the emerging countries, is generating a significant growth for UPRs. 
• The rising consciousness of sustainability and its strengthening in the regulatory requirements push preferential demand for such saltless chemicals as fumaric acid. Initiatives from governments such as the European Union’s Green Deal which aim to improve green and increased carbon emission whereby they have been. This creates a driving factor for practices focusing on nature friendly solutions where bio-based fumaric acid is an indispensable component. As per the statistics from the European Chemicals Agency’s (ECHA) recent reports, the bio-based chemicals production and consumption in the European Union show the significant growth of 25% in the last five years.

Fumaric Acid News

The report covers the latest developments, updates, and trends impacting the global fumaric acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in fumaric acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the fumaric acid price trend.

Latest developments in the fumaric acid industry:

• In February 2022, Univar Solutions International Inc. presented a strategic collaboration project between them and Changzhou Yabang Chemical Co. Ltd., whose main purpose is distributing the fumaric acid products of the latter in the European market, and so they can broaden their footprints across the region. The partnership of both univar and Ardet strengthens univar's position as a leading distributor of specialty chemicals in Europe, enabling customers to enjoy high-quality fumaric acid solutions that are backed up by the vast experience and strong chemical distribution network of univar.
• In November 2021, Huntsman Corporation completed extension of its fumaric acid manufacturing plant based in Texas, United States. With this extension project, Huntsman took additional 50,000 tons of capacity on an annual basis, which increased their existing production capabilities for fumaric acid. This way, the total production capacity for fumaric acid has enhanced substantially. This expansion empowers Huntsman to gain new markets and enrolls the company into the expanding fumaric acid markets in the food and beverage, pharmaceutical and construction industries. The company can assure the world countries that it can meet the needs of the market due to its ability to scale it up production.

Product Description

Fumaric acid is a common diprotic organic acid, having naturally occurring properties from the group of dicarboxylic acids. It can be found in various fruits and vegetables, such as apples, grapes, and mushrooms. It is a chemical of a colorless powder and very soluble in water and ethanol with a sour taste.

Fumaric acid is typically yielded through catalytic isomerization of maleic acid, or in the other hand, through catalytic oxidation of benzene or other hydrocarbons. There are several commercially available catalyst-cocurrent processes which use a maleic anhydride and water reaction.

Fumaric acid is widely used in different sectors, including paints, detergents, or even food and cosmetics. This additive is employed as a saving and flavour enhancer in all spheres of food and drinks between drinks, candies and baking mixes. In pharmaceuticals, it refers to the medicines and dosage formulations where it is present. Employing fumaric acid the manufacturers can make up a quality resins for coating, adhesives, and construction materials by using its good chemical properties and variety.

Regional Coverage

The report provides a detailed analysis of the fumaric acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the fumaric acid price trend.

Global Fumaric Acid Price

The report offers a holistic view of the global fumaric acid pricing trends in the form of fumaric acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of fumaric acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed fumaric acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Fumaric Acid Price

In final quarter of 2023, there were the major trends that had a great impact on the fumaric acid prices market in the European region. Initially, customers were quick to purchase goods due to the end-users demand. Hence, market agents did bulk purchases to stock their inventories as well. Such factors demonstrated how the market was particularly responsive to demand and supply matching dynamics, emphasizing the need for competent stock management and supply chain adaptability in circumventing the market fluctuations.

This analysis can be extended to include detailed fumaric acid price information for a comprehensive list of countries.

North America Fumaric Acid Price

In the fourth quarter of 2023 on the North American market, the price trend of fumaric acid went through some movements, showing a dynamic nature during the period. The rising demand from Asian market, which was fueled by optimism and positive outlook were the main causes for such an increase. Furthermore, the increased cost of input, particularly for electricity and materials, exacerbated the inflationary trend with. Additionally, logistical challenges which include port congestion and container shortages disrupted the smooth transportation of Fumaric Acid causing rise in transportation cost and delivery lead time. To gain more market share and attract customers, the panel manufacturers in the downstream industry entered increased procurement and bidding activities that drove the market dynamics.

Specific fumaric acid historical data within the United States and Canada can also be provided.

Middle East and Africa Fumaric Acid Price

The report explores the fumaric acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on fumaric acid prices for countries can also be provided.

Asia Pacific Fumaric Acid Price

In the current quarter of 2023, the pricing of fumaric acid in the APAC region has been influenced by a substantial rise in demand drove prices upward. This positive market momentum prompted participants to place optimistic orders for restocking their inventories, further reinforcing market dynamics and providing cost support. However, as the quarter progressed, supply constraints emerged, impacting the availability of fumaric acid and leading to some volatility in prices. Despite these challenges, the market remains stable, reflecting the resilience and adaptability of participants in navigating fluctuations in the fumaric acid market.

This fumaric acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Fumaric Acid Price

The analysis of fumaric acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of fumaric acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting fumaric acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The fumaric acid price charts ensure our clients remain at the forefront of the industry.