Price Of Fumaric Acid PowerPoint PPT Presentations

Fumaric Acid Price surged in the North American market during the 1st quarter of 2022 on the back of increased demand and higher upstream costs. The strong demand for Fumaric Acid majorly came from the food, pharma, and chemical industries. Meanwhile, enhanced prices of upstream Maleic Anhydride soared the production cost of Fumaric Acid, which in turn influenced its price value. Furthermore, intensified crude oil value, incremented freight charges, labor shortages, and port congestions amid Russia-Ukraine war tensions propelled the prices of Fumaric Acid in the domestic market. Conclusively, the evaluated prices of Fumaric Acid in the USA at CFR New York were USD 1060/MT in January, which augmented to USD 1935/MT during February.

Get more details @ http://bit.ly/2u5wR9Z Fumaric Acid Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

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The Fumaric Acid market in North America was negatively impacted due to shortages of the raw materials which led to the tight supply of Fumaric Acid, as upstream production was disrupted by sub-zero temperature conditions in USA Gulf region, forcing Fumaric Acid producers to temporarily shut operations.

Extreme shortage of feedstock and power outages at several plant forced the Maleic Acid manufacturers to shut down the production. Shortage of feedstock Maleic Anhydride was reported with some Asian material flowing to the US but that too limited amidst weather related constraints.

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However, the key raw materials used for producing Maleic Anhydride are Benzene and n-Butane (Petrochemical derivatives), hence, the volatility in the prices of Crude oil will directly influence the prices of Maleic Anhydride and its derivatives, which may hamper its market growth in the forecast period.

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The Maleic Anhydride Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Maleic Anhydride Market industry targeted at helping in business decisions.

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Maleic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030. Maleic Anhydride market witnessed a demand of around 2.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 4.5% until 2030

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This report covers the present scenario and the growth prospects of the global fumaric acid market for the period 2015-2019.