Formic acid is a colorless and volatile organic acid that occurs naturally in the fruit of the soaptree and ants. It is a by-product formed in the atmospheric oxidation of turpentine. Formic acid is most prominently used as a preservative and acts as an antibacterial agent in livestock feed. It is produced by hydrolysis of methyl format, and the other important method is acidolysis of formate salts. The formic acid market has witnessed a significant growth owing to factors such as increasing usability of high-quality formic acid in a variety of end-user industries which includes pesticides, pharmaceuticals, and leather industry and growing textile, leather and rubber industries in developed and developing economies such as China and India.
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Some of the leading key players profiled in this study:
- Alfa Aesar (Thermo Fisher Scientific)
- Anhui Asahikasei Chemical Co.
- BASF SE
- Eastman Chemical Company
- Feicheng Acid Chemicals Co.,
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- HELM AG
- LUMITOS AG
- Luxi Chemical Group Co., Ltd.
The “Global Formic Acid Market Analysis to 2027” is a specialized and in-depth study of the Chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the formic acid market with detailed market segmentation by grade, application, and geography. The global formic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading formic acid market players and offers key trends and opportunities in the market.
The global formic acid market is segmented on the basis of grade and application. On the basis of grade, the formic acid market is segmented into 75%, 80%, 85%, 94% and 99%. The formic acid market on the basis of the application is classified into agriculture, leather tanning, rubber, chemical & pharmaceuticals, textile dyeing & finishing and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global formic acid market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The formic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the formic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the formic acid in these regions.
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TABLE OF CONTENTS
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Formic Acid Market – By Grade
1.3.2 Formic Acid Market – By Application
1.3.3 Formic Acid Market – By Region
126.96.36.199 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. FORMIC ACID MARKET LANDSCAPE
4.2. PEST ANALYSIS
4.2.1 North America – Pest Analysis
4.2.2 Europe – Pest Analysis
4.2.3 Asia-Pacific – Pest Analysis
4.2.4 Middle East and Africa – Pest Analysis
4.2.5 South and Central America – Pest Analysis
4.3. EXPERT OPINIONS
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