Formic Acid Market Size- By Production Method, By Application, By End User, By Concentration- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Description

Formic Acid Market Introduction and Overview

According to SPER Market Research, 'Formic Acid Market Size- By Production Method, By Application, By End User, By Concentration - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Formic Acid Market is predicted to reach USD 4.43 billion by 2033 with a CAGR of 4.82%.

Formic acid is a colourless and smelly liquid having the chemical formula HCOOH. It is the most basic carboxylic acid and gets its name from the Latin word for ant, "Formica," because it was discovered in ants in the 18th century. Formic acid is found naturally in a variety of creatures, including insects, plants, and animals. It is commercially generated by catalytic oxidation of methanol and has numerous industrial applications.

The COVID-19 pandemic has had a mixed impact on the formic acid market. Like many other industries, the formic acid market faced disruptions due to the global economic slowdown and lockdown measures imposed to contain the spread of the virus. The restrictions on travel, trade, and manufacturing activities resulted in supply chain disruptions, reduced production capacities, and logistical challenges, affecting the availability and distribution of formic acid.

Scope of the Report

Report Metric Details:

Market size available for years: 2019-2033

Base year considered: 2022

Forecast period: 2023-2033

Segments covered: By Production Method, By Application, By End User, By Concentration

Regions covered: Asia Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered: BASF Intermediated Division, BASF SE, Celanese Corporation, Chongqing Chua Ndong Chemical (Group) Co., Ltd, Eastman Chemical Company, Fei Cheng Acid Chemicals Co., Ltd., Yara International ASA

Global Formic Acid Market Segmentation:

By Production Method: Based on the Production Method, Global Formic Acid Market is segmented as; Carbonylation of Methanol, Oxalic Acid.

By Application: Based on the Application, Global Formic Acid Market is segmented as; Animal Feed, Cleaning Agent, Dyeing, Finishing Textile, Leather Production, Preservatives, Rubbers, Others

Product Code: CHEM2379

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Formic Acid Market

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Formic Acid Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Formic Acid Market

7. Global Formic Acid Market, By Production Method (USD Million)

7.1. Global Formic Acid Market Value Share and Forecast, By Production Method, 2023-2033
7.2. Carbonylation of Methanol
7.3. Oxalic Acid

8. Global Formic Acid Market, By Application (USD Million)

8.1. Global Formic Acid Market Value Share and Forecast, By Application, 2023-2033
8.2. Animal Feed
8.3. Cleaning Agent
8.4. Dyeing
8.5. Finishing Textile
8.6. Leather Production
8.7. Preservatives
8.8. Rubbers
8.9. Others

9. Global Formic Acid Market, By End User (USD Million)

9.1. Global Formic Acid Market Value Share and Forecast, By End User, 2023-2033
9.2. Agriculture
9.3. Pharmaceutical
9.4. Others

10. Global Formic Acid Market, By Concentration (USD Million)

10.1. Global Formic Acid Market Value Share and Forecast, By Concentration, 2023-2033
10.2. 85%
10.3. 90%
10.4. 94%
10.5. 99%

11. Global Formic Acid Market Forecast, 2019-2033 (USD Million)

11.1. Global Formic Acid Market Size and Market Share

12. Global Formic Acid Market, By Production Method, 2019-2033 (USD Million)

12.1. Global Formic Acid Market Size and Market Share By Production Method (2019-2026)
12.2. Global Formic Acid Market Size and Market Share By Production Method (2027-2033)

13. Global Formic Acid Market, By Material Type, 2019-2033 (USD Million)

13.1. Global Formic Acid Market Size and Market Share By Material Type (2019-2026)
13.2. Global Formic Acid Market Size and Market Share By Material Type (2027-2033)

14. Global Formic Acid Market, By Application, 2019-2033 (USD Million)

14.1. Global Formic Acid Market Size and Market Share By Application (2019-2026)
14.2. Global Formic Acid Market Size and Market Share By Application (2027-2033)

15. Global Formic Acid Market, By End User, 2019-2033 (USD Million)

15.1. Global Formic Acid Market Size and Market Share By End User (2019-2026)
15.2. Global Formic Acid Market Size and Market Share By End User (2027-2033)

16. Global Formic Acid Market, By Concentration, 2019-2033 (USD Million)

16.1. Global Formic Acid Market Size and Market Share By Concentration (2019-2026)
16.2. Global Formic Acid Market Size and Market Share By Concentration (2027-2033)

17. Global Formic Acid Market, By Region, 2019-2033 (USD Million)

17.1. Global Formic Acid Market Size and Market Share By Region (2019-2026)
17.2. Global Formic Acid Market Size and Market Share By Region (2027-2033)
17.3. Asia-Pacific
- 17.3.1. Australia
- 17.3.2. China
- 17.3.3. India
- 17.3.4. Japan
- 17.3.5. South Korea
- 17.3.6. Rest of Asia-Pacific
17.4. Europe
- 17.4.1. France
- 17.4.2. Germany
- 17.4.3. Italy
- 17.4.4. Spain
- 17.4.5. United Kingdom
- 17.4.6. Rest of Europe
17.5. Middle East and Africa
- 17.5.1. Kingdom of Saudi Arabia
- 17.5.2. United Arab Emirates
- 17.5.3. Rest of Middle East & Africa
17.6. North America
- 17.6.1. Canada
- 17.6.2. Mexico
- 17.6.3. United States
17.7. Latin America
- 17.7.1. Argentina
- 17.7.2. Brazil
- 17.7.3. Rest of Latin America

18. Company Profile

18.1. BASF Intermediated Division
- 18.1.1. Company details
- 18.1.2. Financial outlook
- 18.1.3. Product summary
- 18.1.4. Recent developments
18.2. BASF SE
- 18.2.1. Company details
- 18.2.2. Financial outlook
- 18.2.3. Product summary
- 18.2.4. Recent developments
18.3. Celanese Corporation
- 18.3.1. Company details
- 18.3.2. Financial outlook
- 18.3.3. Product summary
- 18.3.4. Recent developments
18.4. Chongqing Chua Ndong Chemical (Group) Co., Ltd.
- 18.4.1. Company details
- 18.4.2. Financial outlook
- 18.4.3. Product summary
- 18.4.4. Recent developments
18.5. Eastman Chemical Company
- 18.5.1. Company details
- 18.5.2. Financial outlook
- 18.5.3. Product summary
- 18.5.4. Recent developments
18.6. Fei Cheng Acid Chemicals Co., Ltd.
- 18.6.1. Company details
- 18.6.2. Financial outlook
- 18.6.3. Product summary
- 18.6.4. Recent developments
18.7. Fleur hem, Inc.
- 18.7.1. Company details
- 18.7.2. Financial outlook
- 18.7.3. Product summary
- 18.7.4. Recent developments
18.8. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC)
- 18.8.1. Company details
- 18.8.2. Financial outlook
- 18.8.3. Product summary
- 18.8.4. Recent developments
18.9. LUXI Group Co., Ltd.
- 18.9.1. Company details
- 18.9.2. Financial outlook
- 18.9.3. Product summary
- 18.9.4. Recent developments
18.10. Yara International ASA
- 18.10.1. Company details
- 18.10.2. Financial outlook
- 18.10.3. Product summary
- 18.10.4. Recent developments
18.11. Others