The Europe fumaric acid market is expected to remain under the influence of factors such as regulations on the use of fumaric acid derivatives in the food & beverage sector, stringent regulations associated with the resin industry and steady demand from the construction and automotive sectors. In the animal feed industry, the European Commission has approved the safe use of fumaric acid for pigs and poultry. Based on these factors, the Europe fumaric acid market is expected to witness a sluggish growth in the coming years.
Amidst the stringent regulations, approved volumes of fumaric acid are actively used in the food & beverage, construction as well as automotive industries. Germany, France, Italy and the U.K. are the leading consumers of the fumaric acid in the Europe fumaric acid market. Further, recent construction and remodeling activities in Europe has generated huge demand for unsaturated polyester resin, in turn, driving the Europe fumaric acid market.
Europe Fumaric Acid Market: Stringent Regulations to Confine Adoption Levels
European Union strictly monitors manufacturing, production and marketing of food products. Under the EU law, manufacturers are bound to provide the information regarding every food additive added in the food they produce. This has led to the limited incorporation of fumaric acid derivatives as food additives in food products.
While rising construction activities and growing automotive market have increased demand for unsaturated polypropylene resins, stringent environmental regulations applied to the resin industry can influence adoption of fumaric acid in the Europe fumaric acid market. Further, owing to the growing adoption of sustainability trends, Europe fumaric acid market is expected to dwindle in the future.
Although fumaric acid finds application in multiple European industries including food & beverage, rosin paper sizes, alkyd resins, and unsaturated polyester resins among others, EU regulations significantly confine adoption of fumaric acid impacting the progress of the Europe fumaric acid market.
Steadily Rising Reconstruction and Remodeling Activities to Present Opportunities
A progressive outlook of the construction sector in Europe is expected to significantly increase the rate of employment and contribute to economic output. As the European Commission focuses on promoting the growth of the construction sector in terms of competition, resource efficiency and sustainability, the growth trajectory of the construction sector remain positive. In addition, recent past has witnessed a surge in reconstruction and remodeling activities, driving the demand for unsaturated polyester resins, alkyd resins, paints and coating materials. Thus, steady demand from the construction sector is expected to support the dwindling growth of the Europe fumaric acid market in the coming years.
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