by The global formic acid market size was approximate at US$ 2.1 billion in 2022 and is anticipated to grow US$ 3.43 billion by 2032, registering a compound annual growth rate of 5.02% from 2023 to 2032.
The formic acid market report covering various industry elements and growth trends helpful for predicting the market’s future.
The study provides a strong base for the formic acid market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2032.
This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2023 g0066ztr to 2032. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the formic acid report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the formic acid market have been studied and analysed across many developments.
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Formic Acid Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 2.21 Billion |
| Market Size by 2032 | USD 3.43 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.02% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Application and By End-User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Also read: Aquafeed Additives Market Size to Grow US$ 5.06 Billion By 2032
Research Approach
The comprehensive report on the global formic acid market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global formic acid market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
Key Players
- BASF Intermediate Division
- BASF SE
- Celanese Corporation
- Chongqing Chuandong Chemical (Group) Co., Ltd.
- Eastman Chemical Company
- Feicheng Acid Chemicals Co., Ltd.
- Fleurchem, Inc.
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC)
- Kemira Oyj
- LUXI Group Co., Ltd.
- Perstorp Holding AB
- Yara International ASA
Formic Acid Market Segmentations
By Application
- Animal Feed
- Silage
- Leather tanning
- Textile dyeing
By End-User
- Agriculture
- Pharmaceutical
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Formic Acid Market
5.1. COVID-19 Landscape: Formic Acid Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Formic Acid Market, By Application
8.1. Formic Acid Market Revenue and Volume, by Application, 2023-2032
8.1.1. Animal Feed
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Silage
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Leather tanning
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Textile dyeing
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Formic Acid Market, By End-User
9.1. Formic Acid Market Revenue and Volume, by End-User, 2023-2032
9.1.1. Agriculture
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Pharmaceutical
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Formic Acid Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by End-User (2020-2032)
Chapter 11. Company Profiles
11.1. BASF Intermediate Division
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. BASF SE
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Celanese Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Chongqing Chuandong Chemical (Group) Co., Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Eastman Chemical Company
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Feicheng Acid Chemicals Co., Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Fleurchem, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC)
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Kemira Oyj
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. LUXI Group Co., Ltd.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Why should you invest in this report?
If you are aiming to enter the global formic acid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for formic acid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2023-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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