Global Formic Acid Market Research Report 2023(Status and Outlook)

Global Formic Acid Market Research Report 2023(Status and Outlook)



Report Overview

Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid. It is used in many areas, from leather processing to feed preservation.

Global Formic Acid key players include BASF, LUXI, Eastman, Feicheng Acid, Chongqing Chuandong Chemical, etc. Global top five manufacturers hold a share about 85%.

China is the largest market, with a share about 45%, followed by Europe and North America, both have a share over 45 percent.

In terms of product, Content 85% is the largest segment, with a share about 60%. And in terms of application, the largest application is Agriculture, followed by Leather & Textile.

The Global Formic Acid Market Size was estimated at USD 241.00 million in 2022 and is projected to reach USD 327.97 million by 2029, exhibiting a CAGR of 4.50% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Formic Acid market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Formic Acid Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Formic Acid market in any manner.

Global Formic Acid Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

BASF

Eastman

Perstorp

Rashtriya Chemicals and Fertilizers

Gujarat Narmada Valley Fertilizers & Chemicals

LUXI

Feicheng Acid

Chongqing Chuandong Chemical

Shijiazhuang Taihe Chemical

Market Segmentation (by Type)

Content 85%

Content 90%

Content 98%

Others

Market Segmentation (by Application)

Harvesting

Haying

Planting and Fertilizing

Plowing and Cultivating

Spraying

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Formic Acid Market

Overview of the regional outlook of the Formic Acid Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Formic Acid
1.2 Key Market Segments
1.2.1 Formic Acid Segment by Type
1.2.2 Formic Acid Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Formic Acid Market Overview
2.1 Global Market Overview
2.1.1 Global Formic Acid Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Formic Acid Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Formic Acid Market Competitive Landscape
3.1 Global Formic Acid Sales by Manufacturers (2018-2023)
3.2 Global Formic Acid Revenue Market Share by Manufacturers (2018-2023)
3.3 Formic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Formic Acid Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Formic Acid Sales Sites, Area Served, Product Type
3.6 Formic Acid Market Competitive Situation and Trends
3.6.1 Formic Acid Market Concentration Rate
3.6.2 Global 5 and 10 Largest Formic Acid Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Formic Acid Industry Chain Analysis
4.1 Formic Acid Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Formic Acid Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Formic Acid Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Formic Acid Sales Market Share by Type (2018-2023)
6.3 Global Formic Acid Market Size Market Share by Type (2018-2023)
6.4 Global Formic Acid Price by Type (2018-2023)
7 Formic Acid Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Formic Acid Market Sales by Application (2018-2023)
7.3 Global Formic Acid Market Size (M USD) by Application (2018-2023)
7.4 Global Formic Acid Sales Growth Rate by Application (2018-2023)
8 Formic Acid Market Segmentation by Region
8.1 Global Formic Acid Sales by Region
8.1.1 Global Formic Acid Sales by Region
8.1.2 Global Formic Acid Sales Market Share by Region
8.2 North America
8.2.1 North America Formic Acid Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Formic Acid Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Formic Acid Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Formic Acid Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Formic Acid Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 BASF
9.1.1 BASF Formic Acid Basic Information
9.1.2 BASF Formic Acid Product Overview
9.1.3 BASF Formic Acid Product Market Performance
9.1.4 BASF Business Overview
9.1.5 BASF Formic Acid SWOT Analysis
9.1.6 BASF Recent Developments
9.2 Eastman
9.2.1 Eastman Formic Acid Basic Information
9.2.2 Eastman Formic Acid Product Overview
9.2.3 Eastman Formic Acid Product Market Performance
9.2.4 Eastman Business Overview
9.2.5 Eastman Formic Acid SWOT Analysis
9.2.6 Eastman Recent Developments
9.3 Perstorp
9.3.1 Perstorp Formic Acid Basic Information
9.3.2 Perstorp Formic Acid Product Overview
9.3.3 Perstorp Formic Acid Product Market Performance
9.3.4 Perstorp Business Overview
9.3.5 Perstorp Formic Acid SWOT Analysis
9.3.6 Perstorp Recent Developments
9.4 Rashtriya Chemicals and Fertilizers
9.4.1 Rashtriya Chemicals and Fertilizers Formic Acid Basic Information
9.4.2 Rashtriya Chemicals and Fertilizers Formic Acid Product Overview
9.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Product Market Performance
9.4.4 Rashtriya Chemicals and Fertilizers Business Overview
9.4.5 Rashtriya Chemicals and Fertilizers Formic Acid SWOT Analysis
9.4.6 Rashtriya Chemicals and Fertilizers Recent Developments
9.5 Gujarat Narmada Valley Fertilizers andamp; Chemicals
9.5.1 Gujarat Narmada Valley Fertilizers andamp; Chemicals Formic Acid Basic Information
9.5.2 Gujarat Narmada Valley Fertilizers andamp; Chemicals Formic Acid Product Overview
9.5.3 Gujarat Narmada Valley Fertilizers andamp; Chemicals Formic Acid Product Market Performance
9.5.4 Gujarat Narmada Valley Fertilizers andamp; Chemicals Business Overview
9.5.5 Gujarat Narmada Valley Fertilizers andamp; Chemicals Formic Acid SWOT Analysis
9.5.6 Gujarat Narmada Valley Fertilizers andamp; Chemicals Recent Developments
9.6 LUXI
9.6.1 LUXI Formic Acid Basic Information
9.6.2 LUXI Formic Acid Product Overview
9.6.3 LUXI Formic Acid Product Market Performance
9.6.4 LUXI Business Overview
9.6.5 LUXI Recent Developments
9.7 Feicheng Acid
9.7.1 Feicheng Acid Formic Acid Basic Information
9.7.2 Feicheng Acid Formic Acid Product Overview
9.7.3 Feicheng Acid Formic Acid Product Market Performance
9.7.4 Feicheng Acid Business Overview
9.7.5 Feicheng Acid Recent Developments
9.8 Chongqing Chuandong Chemical
9.8.1 Chongqing Chuandong Chemical Formic Acid Basic Information
9.8.2 Chongqing Chuandong Chemical Formic Acid Product Overview
9.8.3 Chongqing Chuandong Chemical Formic Acid Product Market Performance
9.8.4 Chongqing Chuandong Chemical Business Overview
9.8.5 Chongqing Chuandong Chemical Recent Developments
9.9 Shijiazhuang Taihe Chemical
9.9.1 Shijiazhuang Taihe Chemical Formic Acid Basic Information
9.9.2 Shijiazhuang Taihe Chemical Formic Acid Product Overview
9.9.3 Shijiazhuang Taihe Chemical Formic Acid Product Market Performance
9.9.4 Shijiazhuang Taihe Chemical Business Overview
9.9.5 Shijiazhuang Taihe Chemical Recent Developments
10 Formic Acid Market Forecast by Region
10.1 Global Formic Acid Market Size Forecast
10.2 Global Formic Acid Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Formic Acid Market Size Forecast by Country
10.2.3 Asia Pacific Formic Acid Market Size Forecast by Region
10.2.4 South America Formic Acid Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Formic Acid by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Formic Acid Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Formic Acid by Type (2024-2029)
11.1.2 Global Formic Acid Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Formic Acid by Type (2024-2029)
11.2 Global Formic Acid Market Forecast by Application (2024-2029)
11.2.1 Global Formic Acid Sales (K MT) Forecast by Application
11.2.2 Global Formic Acid Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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