Fumaric acid prices followed diverse trends in different regions during the first half of 2023. In Asia, prices initially declined due to lower feedstock prices but later found support from reduced supply caused by manufacturing unit shutdowns. However, demand slowdown in the second quarter led to stockpiling and decreased production. Europe saw an increase in prices in the first quarter due to supply-demand balance and higher costs but experienced a decline in the second quarter due to weak demand and ample product supply. North America witnessed an initial price rise due to higher feedstock costs but faced disruptions in supply and demand dynamics, leading to a subsequent price decline affected by factors such as decreasing phenol prices and rising inflation rates.
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Definition
Fumaric acid is a white, crystalline solid that is highly soluble in water and alcohol. Fumaric acid has a sour taste and is commonly used as a food acidulant and flavor enhancer in the food and beverage industry. It is non-toxic and biodegradable, making it environmentally friendly. Moreover, fumaric acid is used as a chemical intermediate in the synthesis of various chemicals, pharmaceuticals, and resins due to its unique properties and reactivity.
Key Details About the Fumaric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Fumaric Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Fumaric Acid Price chart, including India Fumaric Acid price, USA Fumaric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Fumaric acid Price Trend:
Fumaric Acid, with its versatile properties, finds widespread industrial applications. In the food and beverage industry, it acts as a food acidulant and flavor enhancer, imparting a sour taste to a variety of products. As a crucial chemical intermediate, fumaric acid plays a key role in the synthesis of pharmaceuticals, resins, and other chemicals. It is employed in the pharmaceutical sector for formulating specific medications.
Furthermore, fumaric acid is integral in the production of unsaturated polyester resins, essential for manufacturing fiberglass reinforced plastics and coatings. Its role extends to the cosmetic and personal care industry, where it serves as a pH adjuster and acidulant. The compound’s diverse applications underscore its significance across various sectors.
Analyzing the Fumaric Acid market, it’s essential to consider factors such as the Fumaric Acid Price Trend, Fumaric Acid Price Index, and Fumaric Acid Prices. Studying the Price Trend through a comprehensive Fumaric Acid Price Chart or Fumaric Acid Price Graph provides valuable insights into the market dynamics surrounding this compound.
Key Players:
- Bartek Ingredients Inc
- XST Biological Co. Ltd
- Changmao Biochemical Engineering Company Limited
- Fuso Chemical Co. Ltd
News and recent development:
Shionogi & Co., Ltd., a Japanese pharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for their investigational COVID-19 oral antiviral, Ensitrelvir (Generic name: Ensitrelvir fumaric acid). Ensitrelvir is an oral antiviral agent that suppresses the replication of SARS-CoV-2 by inhibiting the viral 3CL protease. It recently received emergency regulatory approval in Japan and is under investigation outside Japan. Shionogi conducted Phase 3 clinical studies in Japan, South Korea, and Vietnam, with additional studies planned to evaluate its safety and efficacy in various COVID-19 patient populations.
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