Formic Acid Market, By Application, By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022

Description

Formic acid is produced commercially in various products such as descalers, rust removers, and institutional laundry detergents. It is particularly useful in the textile industry, where it is used as a pH regulator and to neutralize alkaline solutions. Increasing fiber production and increasing living standards in Asia are expected to drive demand for the chemical in textile dyeing. In addition to its numerous industrial applications, formic acid is also used in the dyeing process of textiles.

Market Dynamics:

Increasing use of formic acid for producing animal feeds and silage additives is predominantly fueling growth of the market. Growing demand for animal protein worldwide is again augmenting growth of the market. Moreover, growing demand for formic acid from leather tanning is expected to offer significant growth opportunities over the forecast period. Furthermore, increasing rubber production is expected to shape the market growth positively in the near future.

Key features of the study:

This report provides in-depth analysis of the global formic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global formic acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF SE, Eastman Chemical Company, Shandong Acid Technology Co. Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Limited, LUXI GROUP, Perstorp Holdings ABPOLIOLI SpA, PT Pupuk Kujang, Rashtriya Chemicals and Fertilizers Limited, and Wuhan Ruisunny Chemical Co. Ltd
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global formic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global formic acid market

Detailed Segmentation:

Global Formic Acid Market, By Application:
- Animal Feed and Silage Additive
- Leather Tanning
- Textile Dyeing and Finishing
- Intermediary in Pharmaceuticals
- Other Applications
Global Formic Acid Market, By Geography:
- Asia-Pacific
- North America
- Europe
- South America
- Middle East & Africa

Product Code: CMI5180

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Growing demand for animal feed and silage
- Availability of substitute such as urea sulfate
- Growing demand for formic acid from leather tanning
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Formic Acid Market- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Formic Acid Market, By Application, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Animal Feed and Silage Additive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Leather Tanning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Textile Dyeing and Finishing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Intermediary in Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Other Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)

6. Global Formic Acid Market, By Region, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
Rest of World
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)

7. Competitive Landscape

BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Eastman Chemical Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Shandong Acid Technology Co. Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Gujarat Narmada Valley Fertilizers & Chemicals Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
LUXI GROUP
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Perstorp Holdings AB
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
POLIOLI SpA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
PT Pupuk Kujang
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Rashtriya Chemicals and Fertilizers Limited
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Wuhan Ruisunny Chemical Co. Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

8. Section

Research Methodology
About us

Formic Acid Market, By Application, By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030