The analysts forecast the global formic acid market to exhibit a CAGR of 2.87% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global formic acid for 2019-2024. To calculate the market size, the report considers the formic acid sales volume and revenue.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, process, and application.
Geographically, the global formic acid market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
On the basis of process, the global formic acid market is segmented into:
- Methyl Formate Hydrolysis
- Sodium Formate Process
Based on application, the formic acid market is segmented into:
- Agriculture & Feed
- Chemicals & Pharmaceuticals
The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global formic acid market are:
- Baoding Guoxiu Chemical Industry Co., Ltd.
- BASF SE
- BASF-YPC Company Limited
- Chongqing Chuandong Chemical (Group) Co., Ltd.
- Dongying Shuntong Chemical (Group) Co., Ltd.
- Eastman Chemical Company
- Gujarat Narmada Valley Fertiliser Co., Ltd. (GNFC)
- LUXI Group
- Perstorp AB
- Polioli Spa
- PT Sintas Kurama Perdana
- Qianjiang Fuyang Chemical Co., Ltd.
- Rashtriya Chemicals and Fertilizers Limited (RCF)
- Shahid Rasouli Petrochemical Co.
- Shandong Acid Technology Co., Ltd.
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Objective of the study:
- To analyze and forecast the market size of global formic acid market.
- To classify and forecast global formic acid market based on region, process, and application.
- To identify drivers and challenges for global formic acid market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global formic acid market.
- To conduct pricing analysis for global formic acid market.
- To identify and analyze the profile of leading players operating in global formic acid market.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of formic acid
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to formic acid
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with formic acid suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.