Fumaric Acid Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023 Pages: 164 SKU: IRTNTR74885

Fumaric Acid Market Forecast 2023-2027

The fumaric acid market size is forecast to increase by USD 308.14 million at a CAGR of 6.2% between 2022 and 2027. The market's growth relies on a multitude of factors. Among them, the introduction of ethnic and innovative flavors drives consumer demand, while the rising consumption of unsaturated polyester resins (UPRs) in the construction industry fuels market expansion. Additionally, the versatile nature of fumaric acid plays a pivotal role in its widespread adoption across various sectors. Together, these dynamics contribute to the market's sustained growth and underscore the significance of fumaric acid as a versatile ingredient with diverse applications in both industrial and consumer sectors.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by type (fermentation, maelic anhydride, and fumaria officinails), application (food and beverages, unsaturated polyester resins, rosin paper sizes, alkyd resins, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa.) It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

The market is influenced by various factors, including its extensive use in the food and beverage industry as an acidulant and flavor enhancer. Regulatory guidelines from organizations like the Food and Agriculture Organization of the United Nations (FAO) also shape market dynamics. With rising urbanization and population growth, the demand for processed food and beverages escalates, further driving market growth. Additionally, fumaric acid finds applications in the pharmaceutical and industrial sectors, contributing to its market expansion. As a pH regulator and acidity regulator, fumaric acid plays a crucial role in various industries, including cereals trade, food processing, and oilseeds production. Its versatility as a synthetic resin component underscores its significance in diverse applications.

By Type

The market share growth by the fermentation segment will be significant during the forecast period. The increasing use of fumaric acid as a raw component in the polymer industry, along with the rising price of petroleum-based acid, has increased interest in the fermentation method for producing this molecule from renewable resources. The fermentation procedure produces 85% fumaric acid, which is three times less expensive. Submerged fermentation systems, in conjunction with product recovery methods, have produced economically appealing yields and productivity.

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The fermentation segment was valued at USD 333.87 million in 2017. Owing to rising fossil feedstock prices, fermentatively produced fumaric acid may become a less expensive option to petrochemically derived maleic acid as unsaturated dibasic acid in polyester resins during the forecast period. Future opportunities for fumaric acid production enhancement include metabolic engineering techniques to accomplish low-pH fermentations. Thus, the fermentation process of extraction is expected to hold its dominance and contribute toward the growth of the market during the forecast period.

By Region

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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The market in APAC is expected to grow at a considerable pace during the forecast period. China, India, Indonesia, Bangladesh, Thailand, Vietnam, and Singapore are expected to witness high growth in the construction sector during the forecast period. This, in turn, will increase the demand for unsaturated polyester resins as well as alkyd resins, thereby contributing to the growth of the market. Moreover, the purchasing power parity and average household income in APAC have been rising steadily over the last few years, which will increase the demand for functional and packaged food and beverage products during the forecast period. 

Market Dynamics and Customer Landscape

The market is driven by the burgeoning Food and Beverage industry's demand for acidity regulators and flavor enhancers, underscored by health concerns. As per the Food and Agriculture Organization of the United Nations (FAO), rising urbanization and population contribute to increased processed food consumption, further boosting market growth. Additionally, the expanding pharmaceutical industry's need for organic acids fuels demand. However, challenges such as health hazards associated with food additives and stringent regulations pose barriers to market expansion. Nonetheless, the market continues to witness a trend toward the use of fumaric acid in various industrial products, indicating promising growth prospects. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The introduction of ethnic and innovative flavors is the key factor driving the market growth. Companies are introducing unique flavors in the food sector, and culinary experts are increasingly using various flavoring agents. Unique flavors are being used in beverages, with mixologists incorporating organic products, herbs, and other ingredients to enhance the taste. With the spread of Asian food and flavors such as green tea, lemongrass, and soy, buyers are getting accustomed to more bitter flavors.

This acid is non-hygroscopic; hence, it is used in pre-blends. It is extensively used as a flavor blender in ethnic cuisine and is also used widely in dry mixes to prevent moisture absorption and product degradation associated with it. Such rising demand for food and beverages will directly influence the need for fumaric acid positively and foster the market's growth during the forecast period.

Significant Market Trend

An increase in disposable income among the middle class is the primary trend in the market growth. Globally, the disposable income of the middle-class population has been increasing rapidly mainly due to geopolitical factors and macroeconomic policies such as increasing economic stability, improving comprehensive growth, decent job creation, and economic transformation. All these factors accelerate the revenues in commodity-exporting countries.

A rise in the disposable income of the middle-class population has had a considerable positive impact on the growth of the market. Asia’s middle class has grown more than the middle class in other parts of the world. The four largest middle classes by population share in this region are Azerbaijan, Malaysia, Thailand, and Kazakhstan. The four smallest are Bangladesh, Nepal, Uzbekistan, and India. The growing disposable income among the middle-class population is expected to impact the market positively during the forecast period.

Major Market Challenge

The increased threat of substitutes from citric and malic acid is a major challenge to market growth. Citric acid can be found in a wide range of processed foods and carbonated drinks as it is a natural preservative and produces tartness in carbonated drinks. It is a weak organic acid; hence, it acts as a water softener by breaking down trace amounts of metal found in water. Citric acid has several applications in the cosmetics and pharmaceutical industries, wherein it is used as a pH-adjusting agent in skin lotions.

Thus, due to the wide range of applications, several manufacturers prefer to produce this acidulant on a massive scale in comparison with the acid. Malic acid is the most preferred acidulant and flavor enhancer in the food processing industry due to its rapid dissolution rate and compatibility with a wide range of fruits and flavors. It also decreases the pH of products, thereby restricting the growth of microorganisms. It is also used in fruit juices and soft drinks to enhance the acidic flavor of beverages. Thus, the intense competition from substitutes will hamper the market's growth during the forecast period.

Key Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Actylis - The company offers fumaric acid, which is used as a lubricant in capsule and tablet formulations. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Agarwal Life Sciences Pvt. Ltd.
  • Anmol Chemicals Group
  • Bartek Ingredients Inc.
  • Central Drug House Pvt. Ltd.
  • Changmao Biochemical Engineering Co. Ltd.
  • Changzhou Yabang Chemical Co. Ltd.
  • Dastech International Inc.
  • Fuso Chemical Co. Ltd.
  • Henan GP Chemicals Co. Ltd.
  • Joshi Agrochem Pharma Pvt. Ltd.
  • Merck KGaA
  • Nippon Shokubai Co. Ltd.
  • Paari Chem Resources Pvt. Ltd.
  • Polynt Spa
  • RXChemicals

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook 
    • Fermentation
    • Maelic anhydride
    • Fumaria officinails
  • Application Outlook 
    • Food and beverages
    • Unsaturated polyester resins
    • Rosin paper sizes
    • Alkyd resins
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is driven by diverse factors, including its use in various industries and applications. Manufacturers worldwide contribute to the global fumaric acid supply chain, catering to consumer preferences and industry demands. With applications ranging from alcoholic beverages to convenience foods, fumaric acid serves as a vital ingredient. Its production involves the conversion of dicarboxylic organic acid into a white crystalline powder, meeting the quality standards set by regulatory agencies like the Ministry of Agriculture & Farmers Welfare. Recognized as safe by regulatory bodies, including its GRAS status, fumaric acid finds usage in pharmaceuticals and personal care products. As a precursor to synthetic resins and plastics, it plays a pivotal role in industries such as automotive coatings and cosmetics. The market's growth is further fueled by emerging trends in dietary patterns and the expanding pharmaceutical industry, emphasizing fumaric acid's versatility and importance in various sectors.

Further, the market is driven by a multitude of factors, with key players being global fumaric acid manufacturers. While being beneficial in various applications, including food grade fumaric acid production plants, it's crucial to address concerns regarding its potential health hazard and ensure compliance with regulatory standards like GRAS and ADI. This versatile acid finds applications in diverse sectors such as pharmaceuticals, where it's utilized in pharmaceutical grade fumaric acid formulations for treating conditions like psoriasis. Additionally, it serves as a key ingredient in personal care products and RTD beverages, contributing to its growing demand amidst a rising population. With advancements in production techniques and understanding of its various forms like trans- and cis-fumaric acid, the market continues to expand, catering to the needs of industries ranging from cosmetics to alcohol and agriculture.

Additionally, the market exhibits robust growth, driven by diverse factors like wheat trade and rice production, fueling demand for malic and food-grade fumaric acid. Recognized for its health benefits, it's widely used in medical conditions like acne and hyperpigmentation, adhering to GRAS and ADI standards. With applications in technical grade fumaric for alkyd paints and succinic acid for RTD beverages, its versatility extends to personal care products and pharmaceuticals, aiding in psoriasis treatment. Additionally, its role in vegetable preservation and rosin-sized sheathing paper underscores its significance across multiple industries, reflecting a promising market trajectory

Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.2%

Market growth 2023-2027

USD 308.14 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Actylis, Agarwal Life Sciences Pvt. Ltd., Anmol Chemicals Group, Bartek Ingredients Inc., Central Drug House Pvt. Ltd., Changmao Biochemical Engineering Co. Ltd., Changzhou Yabang Chemical Co. Ltd., Dastech International Inc., Fuso Chemical Co. Ltd., Henan GP Chemicals Co. Ltd., Joshi Agrochem Pharma Pvt. Ltd., Merck KGaA, Nippon Shokubai Co. Ltd., Paari Chem Resources Pvt. Ltd., Polynt Spa, RXChemicals, SIP Chemical Industries, The Chemical Co., UPC Technology Corp., and XST Biological Co. Ltd.

Market dynamics

Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global fumaric acid market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global fumaric acid market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Fermentation - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Fermentation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Fermentation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Fermentation - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Fermentation - Year-over-year growth 2022-2027 (%)
    • 6.4 Maelic anhydride - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Maelic anhydride - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Maelic anhydride - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Maelic anhydride - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Maelic anhydride - Year-over-year growth 2022-2027 (%)
    • 6.5 Fumaria officinails - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Fumaria officinails - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Fumaria officinails - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Fumaria officinails - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Fumaria officinails - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 Food and beverages - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
    • 7.4 Unsaturated polyester resins - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Unsaturated polyester resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Unsaturated polyester resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Unsaturated polyester resins - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Unsaturated polyester resins - Year-over-year growth 2022-2027 (%)
    • 7.5 Rosin paper sizes - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Rosin paper sizes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Rosin paper sizes - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Rosin paper sizes - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Rosin paper sizes - Year-over-year growth 2022-2027 (%)
    • 7.6 Alkyd resins - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Alkyd resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Alkyd resins - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Alkyd resins - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Alkyd resins - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 71: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 Actylis
              • Exhibit 124: Actylis - Overview
              • Exhibit 125: Actylis - Product / Service
              • Exhibit 126: Actylis - Key offerings
            • 12.4 Agarwal Life Sciences Pvt. Ltd.
              • Exhibit 127: Agarwal Life Sciences Pvt. Ltd. - Overview
              • Exhibit 128: Agarwal Life Sciences Pvt. Ltd. - Product / Service
              • Exhibit 129: Agarwal Life Sciences Pvt. Ltd. - Key offerings
            • 12.5 Bartek Ingredients Inc.
              • Exhibit 130: Bartek Ingredients Inc. - Overview
              • Exhibit 131: Bartek Ingredients Inc. - Product / Service
              • Exhibit 132: Bartek Ingredients Inc. - Key offerings
            • 12.6 Central Drug House Pvt. Ltd.
              • Exhibit 133: Central Drug House Pvt. Ltd. - Overview
              • Exhibit 134: Central Drug House Pvt. Ltd. - Product / Service
              • Exhibit 135: Central Drug House Pvt. Ltd. - Key offerings
            • 12.7 Changzhou Yabang Chemical Co. Ltd.
              • Exhibit 136: Changzhou Yabang Chemical Co. Ltd. - Overview
              • Exhibit 137: Changzhou Yabang Chemical Co. Ltd. - Product / Service
              • Exhibit 138: Changzhou Yabang Chemical Co. Ltd. - Key offerings
            • 12.8 Dastech International Inc.
              • Exhibit 139: Dastech International Inc. - Overview
              • Exhibit 140: Dastech International Inc. - Product / Service
              • Exhibit 141: Dastech International Inc. - Key offerings
            • 12.9 Fuso Chemical Co. Ltd.
              • Exhibit 142: Fuso Chemical Co. Ltd. - Overview
              • Exhibit 143: Fuso Chemical Co. Ltd. - Product / Service
              • Exhibit 144: Fuso Chemical Co. Ltd. - Key offerings
            • 12.10 Henan GP Chemicals Co. Ltd.
              • Exhibit 145: Henan GP Chemicals Co. Ltd. - Overview
              • Exhibit 146: Henan GP Chemicals Co. Ltd. - Product / Service
              • Exhibit 147: Henan GP Chemicals Co. Ltd. - Key offerings
            • 12.11 Merck KGaA
              • Exhibit 148: Merck KGaA - Overview
              • Exhibit 149: Merck KGaA - Business segments
              • Exhibit 150: Merck KGaA - Key news
              • Exhibit 151: Merck KGaA - Key offerings
              • Exhibit 152: Merck KGaA - Segment focus
            • 12.12 Nippon Shokubai Co. Ltd.
              • Exhibit 153: Nippon Shokubai Co. Ltd. - Overview
              • Exhibit 154: Nippon Shokubai Co. Ltd. - Business segments
              • Exhibit 155: Nippon Shokubai Co. Ltd. - Key offerings
              • Exhibit 156: Nippon Shokubai Co. Ltd. - Segment focus
            • 12.13 Polynt Spa
              • Exhibit 157: Polynt Spa - Overview
              • Exhibit 158: Polynt Spa - Product / Service
              • Exhibit 159: Polynt Spa - Key offerings
            • 12.14 RXChemicals
              • Exhibit 160: RXChemicals - Overview
              • Exhibit 161: RXChemicals - Product / Service
              • Exhibit 162: RXChemicals - Key offerings
            • 12.15 The Chemical Co.
              • Exhibit 163: The Chemical Co. - Overview
              • Exhibit 164: The Chemical Co. - Product / Service
              • Exhibit 165: The Chemical Co. - Key offerings
            • 12.16 UPC Technology Corp.
              • Exhibit 166: UPC Technology Corp. - Overview
              • Exhibit 167: UPC Technology Corp. - Business segments
              • Exhibit 168: UPC Technology Corp. - Key offerings
              • Exhibit 169: UPC Technology Corp. - Segment focus
            • 12.17 XST Biological Co. Ltd.
              • Exhibit 170: XST Biological Co. Ltd. - Overview
              • Exhibit 171: XST Biological Co. Ltd. - Product / Service
              • Exhibit 172: XST Biological Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations
              • rate of industrialization: Several products from the global diversified chemicals market are used in various industries, including automotive, polymer modification, chemicals, and consumer goods. The growth of the global diversified chemicals market is highly influenced by the growing rate of industrialization across the world, especially in emerging economies.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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