Formic Acid Market Size, Share, Trends, Growth and Forecast 2032
Formic Acid Market By Type (Grade 85%, Grade 94%, Grade 99%, and Others), By Application (Animal Feed and Silage Additives, Leather Tanning, Textile Dyeing & Finishing, Intermediary in Pharmaceuticals, and Others), By End Use (Agriculture, Leather and Textile, Rubber, Chemical and Pharmaceutical, Dyeing, Animal Feed, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032
Category: Chemical & Materials Report Format : PDF
Pages: 221 Report Code: ZMR-9175
Published Date: Jan-2025 Status : Published
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 1,060 Million | USD 1,700 Million | 5.4% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Formic Acid Market, (2024 - 2032) (USD Million )
- 2.2 Global Formic Acid Market : snapshot
- Chapter 3. Global Formic Acid Market - Industry Analysis
- 3.1 Formic Acid Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising textiles and leather industry drives market growth
- 3.3 Market Restraints
- 3.3.1. The presence of substitutes hinders market growth
- 3.4 Market Opportunities
- 3.4.1. Rising initiatives to produce biomass-derived formic acid offer a lucrative opportunity for market growth
- 3.5 Market Challenges
- 3.5.1. Volatility in raw material prices poses a major challenge to market expansion
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Application
- 3.7.3 Market attractiveness analysis By End Use
- Chapter 4. Global Formic Acid Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Formic Acid Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Formic Acid Market - Type Analysis
- 5.1 Global Formic Acid Market overview: By Type
- 5.1.1 Global Formic Acid Market share, By Type, 2023 and 2032
- 5.2 Grade 85%
- 5.2.1 Global Formic Acid Market by Grade 85%, 2024 - 2032 (USD Million )
- 5.3 Grade 94%
- 5.3.1 Global Formic Acid Market by Grade 94%, 2024 - 2032 (USD Million )
- 5.4 Grade 94%
- 5.4.1 Global Formic Acid Market by Grade 94%, 2024 - 2032 (USD Million )
- 5.5 Others
- 5.5.1 Global Formic Acid Market by Others, 2024 - 2032 (USD Million )
- 5.1 Global Formic Acid Market overview: By Type
- Chapter 6. Global Formic Acid Market - Application Analysis
- 6.1 Global Formic Acid Market overview: By Application
- 6.1.1 Global Formic Acid Market share, By Application, 2023 and 2032
- 6.2 Animal Feed and Silage Additives
- 6.2.1 Global Formic Acid Market by Animal Feed and Silage Additives, 2024 - 2032 (USD Million )
- 6.3 Leather Tanning
- 6.3.1 Global Formic Acid Market by Leather Tanning, 2024 - 2032 (USD Million )
- 6.4 Textile Dyeing and Finishing
- 6.4.1 Global Formic Acid Market by Textile Dyeing and Finishing, 2024 - 2032 (USD Million )
- 6.5 Intermediary in Pharmaceuticals
- 6.5.1 Global Formic Acid Market by Intermediary in Pharmaceuticals, 2024 - 2032 (USD Million )
- 6.6 Others
- 6.6.1 Global Formic Acid Market by Others, 2024 - 2032 (USD Million )
- 6.1 Global Formic Acid Market overview: By Application
- Chapter 7. Global Formic Acid Market - End Use Analysis
- 7.1 Global Formic Acid Market overview: By End Use
- 7.1.1 Global Formic Acid Market share, By End Use, 2023 and 2032
- 7.2 Agriculture
- 7.2.1 Global Formic Acid Market by Agriculture, 2024 - 2032 (USD Million )
- 7.3 Leather and Textile
- 7.3.1 Global Formic Acid Market by Leather and Textile, 2024 - 2032 (USD Million )
- 7.4 Rubber
- 7.4.1 Global Formic Acid Market by Rubber, 2024 - 2032 (USD Million )
- 7.5 Chemical and Pharmaceutical
- 7.5.1 Global Formic Acid Market by Chemical and Pharmaceutical, 2024 - 2032 (USD Million )
- 7.6 Dyeing
- 7.6.1 Global Formic Acid Market by Dyeing, 2024 - 2032 (USD Million )
- 7.7 Animal Feed
- 7.7.1 Global Formic Acid Market by Animal Feed, 2024 - 2032 (USD Million )
- 7.8 Others
- 7.8.1 Global Formic Acid Market by Others, 2024 - 2032 (USD Million )
- 7.1 Global Formic Acid Market overview: By End Use
- Chapter 8. Formic Acid Market - Regional Analysis
- 8.1 Global Formic Acid Market Regional Overview
- 8.2 Global Formic Acid Market Share, by Region, 2023 & 2032 (USD Million )
- 8.3. North America
- 8.3.1 North America Formic Acid Market, 2024 - 2032 (USD Million )
- 8.3.1.1 North America Formic Acid Market, by Country, 2024 - 2032 (USD Million )
- 8.3.1 North America Formic Acid Market, 2024 - 2032 (USD Million )
- 8.4 North America Formic Acid Market, by Type, 2024 - 2032
- 8.4.1 North America Formic Acid Market, by Type, 2024 - 2032 (USD Million )
- 8.5 North America Formic Acid Market, by Application, 2024 - 2032
- 8.5.1 North America Formic Acid Market, by Application, 2024 - 2032 (USD Million )
- 8.6 North America Formic Acid Market, by End Use, 2024 - 2032
- 8.6.1 North America Formic Acid Market, by End Use, 2024 - 2032 (USD Million )
- 8.4. Europe
- 8.4.2 Europe Formic Acid Market, 2024 - 2032 (USD Million )
- 8.4.2.1 Europe Formic Acid Market, by Country, 2024 - 2032 (USD Million )
- 8.4.2 Europe Formic Acid Market, 2024 - 2032 (USD Million )
- 8.4 Europe Formic Acid Market, by Type, 2024 - 2032
- 8.4.1 Europe Formic Acid Market, by Type, 2024 - 2032 (USD Million )
- 8.5 Europe Formic Acid Market, by Application, 2024 - 2032
- 8.5.1 Europe Formic Acid Market, by Application, 2024 - 2032 (USD Million )
- 8.6 Europe Formic Acid Market, by End Use, 2024 - 2032
- 8.6.1 Europe Formic Acid Market, by End Use, 2024 - 2032 (USD Million )
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Formic Acid Market, 2024 - 2032 (USD Million )
- 8.5.3.1 Asia Pacific Formic Acid Market, by Country, 2024 - 2032 (USD Million )
- 8.5.3 Asia Pacific Formic Acid Market, 2024 - 2032 (USD Million )
- 8.4 Asia Pacific Formic Acid Market, by Type, 2024 - 2032
- 8.4.1 Asia Pacific Formic Acid Market, by Type, 2024 - 2032 (USD Million )
- 8.5 Asia Pacific Formic Acid Market, by Application, 2024 - 2032
- 8.5.1 Asia Pacific Formic Acid Market, by Application, 2024 - 2032 (USD Million )
- 8.6 Asia Pacific Formic Acid Market, by End Use, 2024 - 2032
- 8.6.1 Asia Pacific Formic Acid Market, by End Use, 2024 - 2032 (USD Million )
- 8.6. Latin America
- 8.6.4 Latin America Formic Acid Market, 2024 - 2032 (USD Million )
- 8.6.4.1 Latin America Formic Acid Market, by Country, 2024 - 2032 (USD Million )
- 8.6.4 Latin America Formic Acid Market, 2024 - 2032 (USD Million )
- 8.4 Latin America Formic Acid Market, by Type, 2024 - 2032
- 8.4.1 Latin America Formic Acid Market, by Type, 2024 - 2032 (USD Million )
- 8.5 Latin America Formic Acid Market, by Application, 2024 - 2032
- 8.5.1 Latin America Formic Acid Market, by Application, 2024 - 2032 (USD Million )
- 8.6 Latin America Formic Acid Market, by End Use, 2024 - 2032
- 8.6.1 Latin America Formic Acid Market, by End Use, 2024 - 2032 (USD Million )
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Formic Acid Market, 2024 - 2032 (USD Million )
- 8.7.5.1 The Middle-East and Africa Formic Acid Market, by Country, 2024 - 2032 (USD Million )
- 8.7.5 The Middle-East and Africa Formic Acid Market, 2024 - 2032 (USD Million )
- 8.4 The Middle-East and Africa Formic Acid Market, by Type, 2024 - 2032
- 8.4.1 The Middle-East and Africa Formic Acid Market, by Type, 2024 - 2032 (USD Million )
- 8.5 The Middle-East and Africa Formic Acid Market, by Application, 2024 - 2032
- 8.5.1 The Middle-East and Africa Formic Acid Market, by Application, 2024 - 2032 (USD Million )
- 8.6 The Middle-East and Africa Formic Acid Market, by End Use, 2024 - 2032
- 8.6.1 The Middle-East and Africa Formic Acid Market, by End Use, 2024 - 2032 (USD Million )
- Chapter 9. Company Profiles
- 9.1 BASF SE
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Eastman Chemical Co.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 GNFC Ltd.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Joshi Agrochem Pharma Pvt. Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Kakdiya Chemicals
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Kemira Oyj
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Luxi Chemical Group Co. Ltd.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Merck KGaA
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 MERU CHEM PVT. LTD.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 NuGenTec
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 PETRONAS Chemicals Group Berhad
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Pon Pure Chemicals Group
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 ProChem Inc.
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 RXChemicals
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Shandong Acid Technology Co. Ltd.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Shandong Jiuan
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Chemical Industry Co. Ltd.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Shijiazhuang Taihe Chemical Co. Ltd.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Thermo Fisher Scientific Inc.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Tokyo Chemical Industry Co. Ltd.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Vizag Chemical International
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.22 and others.
- 9.22.1 Overview
- 9.22.2 Financials
- 9.22.3 Product Portfolio
- 9.22.4 Business Strategy
- 9.22.5 Recent Developments
- 9.1 BASF SE
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Formic Acid Market, 2024 - 2032 (USD Million )
- 4. Porter’s Five Forces Analysis
- 5. Global Formic Acid Market attractiveness, By Type
- 6. Global Formic Acid Market attractiveness, By Application
- 7. Global Formic Acid Market attractiveness, By End Use
- 8. Global Formic Acid Market share by Type, 2024 and 2032 (USD Million )
- 9. Global Formic Acid Market by Grade 85%, 2024 - 2032 (USD Million )
- 10. Global Formic Acid Market by Grade 94%, 2024 - 2032 (USD Million )
- 11. Global Formic Acid Market by Grade 94%, 2024 - 2032 (USD Million )
- 12. Global Formic Acid Market by Others, 2024 - 2032 (USD Million )
- 13. Global Formic Acid Market share by Application, 2024 and 2032 (USD Million )
- 14. Global Formic Acid Market by Animal Feed and Silage Additives, 2024 - 2032 (USD Million )
- 15. Global Formic Acid Market by Leather Tanning, 2024 - 2032 (USD Million )
- 16. Global Formic Acid Market by Textile Dyeing and Finishing, 2024 - 2032 (USD Million )
- 17. Global Formic Acid Market by Intermediary in Pharmaceuticals, 2024 - 2032 (USD Million )
- 18. Global Formic Acid Market by Others, 2024 - 2032 (USD Million )
- 19. Global Formic Acid Market share by End Use, 2024 and 2032 (USD Million )
- 20. Global Formic Acid Market by Agriculture, 2024 - 2032 (USD Million )
- 21. Global Formic Acid Market by Leather and Textile, 2024 - 2032 (USD Million )
- 22. Global Formic Acid Market by Rubber, 2024 - 2032 (USD Million )
- 23. Global Formic Acid Market by Chemical and Pharmaceutical, 2024 - 2032 (USD Million )
- 24. Global Formic Acid Market by Dyeing, 2024 - 2032 (USD Million )
- 25. Global Formic Acid Market by Animal Feed, 2024 - 2032 (USD Million )
- 26. Global Formic Acid Market by Others, 2024 - 2032 (USD Million )
- 27. Global Formic Acid Market share, by Region, 2024 and 2032
- 28. North America Formic Acid Market, 2024 - 2032 (USD Million )
- 29. Europe Formic Acid Market, 2024 - 2032 (USD Million )
- 30. Asia Pacific Formic Acid Market, 2024 - 2032 (USD Million )
- 31. Latin America Formic Acid Market, 2024 - 2032 (USD Million )
- 32. The Middle-East and Africa Formic Acid Market, 2024 - 2032 (USD Million )
Table Of Tables
- 1. Global Formic Acid Market: Snapshot
- 2. Drivers of the Formic Acid Market: impact analysis
- 3. North America Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 4. North America Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 5. North America Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 6. U.S. Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 7. U.S. Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 8. U.S. Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 9. Canada Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 10. Canada Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 11. Canada Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 12. Europe Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 13. Europe Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 14. Europe Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 15. Germany Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 16. Germany Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 17. Germany Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 18. France Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 19. France Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 20. France Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 21. U.K. Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 22. U.K. Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 23. U.K. Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 24. Italy Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 25. Italy Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 26. Italy Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 27. Spain Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 28. Spain Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 29. Spain Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 30. Rest of Europe Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 31. Rest of Europe Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 32. Rest of Europe Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 33. Asia Pacific Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 34. Asia Pacific Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 35. Asia Pacific Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 36. China Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 37. China Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 38. China Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 39. Japan Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 40. Japan Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 41. Japan Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 42. India Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 43. India Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 44. India Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 45. South Korea Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 46. South Korea Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 47. South Korea Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 48. South-East Asia Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 49. South-East Asia Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 50. South-East Asia Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 51. Rest of Asia Pacific Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 52. Rest of Asia Pacific Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 53. Rest of Asia Pacific Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 54. Latin America Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 55. Latin America Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 56. Latin America Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 57. Brazil Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 58. Brazil Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 59. Brazil Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 60. Mexico Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 61. Mexico Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 62. Mexico Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 63. Rest of Latin America Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 64. Rest of Latin America Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 65. Rest of Latin America Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 66. The Middle-East and Africa Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 67. The Middle-East and Africa Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 68. The Middle-East and Africa Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 69. GCC Countries Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 70. GCC Countries Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 71. GCC Countries Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 72. South Africa Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 73. South Africa Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 74. South Africa Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
- 75. Rest of Middle-East Africa Formic Acid Market revenue, By Type, 2024 - 2032 (USD Million )
- 76. Rest of Middle-East Africa Formic Acid Market revenue, By Application, 2024 - 2032 (USD Million )
- 77. Rest of Middle-East Africa Formic Acid Market revenue, By End Use, 2024 - 2032 (USD Million )
Methodology
FrequentlyAsked Questions
The simplest carboxylic acid is formic acid, also known as methanoic acid. Its structure is H−C(=O)−O−H, and its chemical formula is HCOOH. It is found naturally, most notably in some ants, and is a crucial step in chemical synthesis.
The formic acid market is driven by several variables, such as the growing agriculture sector, rising product launches, rising trends of sustainable farming, increasing collaboration, and others.
According to the report, the global formic acid market size was worth around USD 1,060 million in 2023 and is predicted to grow to around USD 1,700 million by 2032.
The global formic acid market is expected to grow at a CAGR of 5.4% during the forecast period.
The global formic acid market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing agriculture industry and the presence of major players.
The global formic acid market is dominated by players like BASF SE, Eastman Chemical Co., GNFC Ltd., Joshi Agrochem Pharma Pvt. Ltd., Kakdiya Chemicals, Kemira Oyj, Luxi Chemical Group Co. Ltd., Merck KGaA, MERU CHEM PVT. LTD., NuGenTec, PETRONAS Chemicals Group Berhad, Pon Pure Chemicals Group, ProChem Inc., RXChemicals, Shandong Acid Technology Co. Ltd., Shandong Jiuan, Chemical Industry Co. Ltd., Shijiazhuang Taihe Chemical Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd. and Vizag Chemical International among others.
The formic acid market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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