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市场调查报告书
商品编码
1422985

2024-2032 年按类型、应用、最终用途和地区分類的甲酸市场报告

Formic Acid Market Report by Type, Application, End Use, and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 144 Pages | 商品交期: 2-3个工作天内

价格

2023年全球甲酸市场规模达到916.9吨。展望未来， IMARC Group预计到2032年市场规模将达到1,202.6吨，2024-2032年复合年增长率（CAGR）为2.97%。不断扩大的製药和生物技术产业、日益严格的环境法规、市场全球化和国际贸易的增加、甲酸生产技术的不断进步以及持续的研发工作是推动市场的一些主要因素。

甲酸是一种简单、无色、有刺激性的有机酸，在化学、生物学和工业的各个方面发挥着至关重要的作用。它是最小的羧酸。甲酸天然存在于某些蚂蚁的分泌物中，具有广泛的应用。在工业中，它主要用作牲畜饲料中的防腐剂和抗菌剂，以及用于生产各种化学品，包括皮革、纺织品和药品。它也在橡胶製造中用作凝固剂，并在某些化学过程中用作强力还原剂。

不断扩大的製药和生物技术产业正在推动全球市场。此外，旨在减少危险和对环境有害的化学品的使用的环境法规不断增加，可以鼓励在各种应用中采用甲酸作为更安全、更环保的替代品。甲酸生产技术的进步，包括使用再生原料和更节能的工艺，可以降低成本并提高可用性，进一步推动市场成长。此外，正在进行的研究和开发工作正在揭示甲酸在能源储存、催化和作为绿色还原剂等领域的新的和创新的应用。这些新兴应用有可能推动未来对甲酸的需求。甲酸在采矿过程中广泛使用，包括矿石浸出和金属提取。随着采矿业的不断扩张，特别是在新兴市场，对甲酸作为浸出剂的需求可能会增加。此外，市场全球化和国际贸易的增加可以为甲酸生产商创造进入新市场和扩大客户群的机会。

甲酸市场趋势/驱动因素：

食品业对防腐剂和抗菌剂的需求增加

甲酸具有天然抗菌特性，已广泛用作各种食品中的防腐剂和抗菌剂，例如加工肉类、烘焙食品和饮料。消费者的健康意识越来越强，寻求保质期更长、不受腐败和有害病原体影响的产品。因此，食品製造商开始将甲酸作为有效的解决方案，以延长其产品的新鲜度和安全性。此外，甲酸被认为是合成防腐剂（例如苯甲酸钠或山梨酸钾）的更安全替代品，因为它天然存在于某些植物和动物中。这种向天然和永续防腐剂的转变预计将推动未来几年甲酸市场的成长。随着全球人口持续成长，对动物性蛋白质生产的需求也更大。

扩大皮革和纺织工业

甲酸用于皮革鞣製、纺织染色及整理製程。在皮革鞣製中，它在保存动物皮毛和去除毛髮和表皮方面发挥着至关重要的作用，使其适合製造皮革製品。在纺织领域，甲酸用于染色和印花操作，有助于将染料固定在织物上并提高色牢度。时尚产业的成长，加上消费者对皮革和纺织品的偏好不断增加，导致对甲酸的需求增加。印度和中国等新兴经济体的皮革和纺织业有所成长，为甲酸市场的扩张做出了巨大贡献。此外，这些地区严格的环境法规促使人们采用环保且永续的鞣製和染色製程。

扩大在化学工业的应用

甲酸是一种多功能化学品，是各种化学品和材料生产中的关键组成部分。它用于製造染料、药品、皮革和纺织品。此外，甲酸在多种化学反应中作为还原剂和催化剂的作用导致其在有机合成中的利用率增加。化学工业对经济高效且可持续的原材料的持续需求使甲酸成为有吸引力的选择。其环保特性（例如易于生物降解）使其对旨在减少环境足迹的行业具有吸引力。因此，由于甲酸在化学过程中的作用不断扩大以及向更永续的製造实践的转变，甲酸市场正在见证成长。

目录

第一章：前言

第 2 章：范围与方法

  • 研究目的
  • 利害关係人
  • 资料来源
    • 主要资源
    • 二手资料
  • 市场预测
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第 3 章：执行摘要

第 4 章：简介

  • 概述
  • 主要行业趋势

第 5 章：全球甲酸市场

  • 市场概况
  • 市场业绩
  • COVID-19 的影响
  • 市场预测

第 6 章：市场区隔：按类型

  • 等级 85%
    • 市场走向
    • 市场预测
  • 等级 94%
    • 市场走向
    • 市场预测
  • 等级 99%
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 7 章：市场区隔：按应用

  • 动物饲料及青贮饲料添加剂
    • 市场走向
    • 市场预测
  • 皮革鞣製
    • 市场走向
    • 市场预测
  • 纺织染整
    • 市场走向
    • 市场预测
  • 医药中间体
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 8 章：市场区隔：最终用途别

  • 农业
    • 市场走向
    • 市场预测
  • 皮革和纺织品
    • 市场走向
    • 市场预测
  • 橡皮
    • 市场走向
    • 市场预测
  • 化学与製药
    • 市场走向
    • 市场预测
  • 染色
    • 市场走向
    • 市场预测
  • 动物饲料
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 9 章：市场区隔：按地区

  • 北美洲
    • 美国
      • 市场走向
      • 市场预测
    • 加拿大
      • 市场走向
      • 市场预测
  • 亚太
    • 中国
      • 市场走向
      • 市场预测
    • 日本
      • 市场走向
      • 市场预测
    • 印度
      • 市场走向
      • 市场预测
    • 韩国
      • 市场走向
      • 市场预测
    • 澳洲
      • 市场走向
      • 市场预测
    • 印尼
      • 市场走向
      • 市场预测
    • 其他的
      • 市场走向
      • 市场预测
  • 欧洲
    • 德国
      • 市场走向
      • 市场预测
    • 法国
      • 市场走向
      • 市场预测
    • 英国
      • 市场走向
      • 市场预测
    • 义大利
      • 市场走向
      • 市场预测
    • 西班牙
      • 市场走向
      • 市场预测
    • 俄罗斯
      • 市场走向
      • 市场预测
    • 其他的
      • 市场走向
      • 市场预测
  • 拉丁美洲
    • 巴西
      • 市场走向
      • 市场预测
    • 墨西哥
      • 市场走向
      • 市场预测
    • 其他的
      • 市场走向
      • 市场预测
  • 中东和非洲
    • 市场走向
    • 市场细分：按国家/地区
    • 市场预测

第 10 章：SWOT 分析

  • 概述
  • 优势
  • 弱点
  • 机会
  • 威胁

第 11 章：价值链分析

第 12 章：波特五力分析

  • 概述
  • 买家的议价能力
  • 供应商的议价能力
  • 竞争程度
  • 新进入者的威胁
  • 替代品的威胁

第 13 章：价格分析

第14章：竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • BASF SE
    • Chongqing Chuandong Chemical Group Co. Ltd.
    • Eastman Chemical Company
    • Gujarat Narmada Valley Fertilizers & Chemicals
    • Luxi Group Co. Ltd.
    • Perstorp Holding AB (PETRONAS Chemicals International BV)
    • Shandong Acid Chemicals Co. Ltd.
    • Thermo Fisher Scientific
Product Code: SR112024A6582

Abstract

The global formic acid market size reached 916.9 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 1,202.6 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 2.97% during 2024-2032. The expanding pharmaceutical and biotechnological industry, the increasing environmental regulations, the globalization of markets and increased international trade, continual advancements in formic acid production technologies, and ongoing research and development efforts are some of the major factors propelling the market.

Formic acid is a simple, colorless, and pungent organic acid that plays a crucial role in various aspects of chemistry, biology, and industry. It is the smallest carboxylic acid. Formic acid is naturally occurring in the secretions of certain ants and has a wide range of applications. In industry, it is primarily used as a preservative and antibacterial agent in livestock feed, as well as in the production of various chemicals, including leather, textiles, and pharmaceuticals. It is also utilized as a coagulant in rubber manufacturing and serves as a powerful reducing agent in some chemical processes.

The expanding pharmaceutical and biotechnological industry are driving the global market. Moreover, the increasing environmental regulations aimed at reducing the use of hazardous and environmentally harmful chemicals can encourage the adoption of formic acid as a safer and more eco-friendly alternative in various applications. Advances in formic acid production technologies, including the use of renewable feedstocks and more energy-efficient processes, can lead to cost reductions and increased availability, further impelling the market growth. Additionally, ongoing research and development efforts are uncovering new and innovative applications for formic acid in areas, such as energy storage, catalysis, and as a green reducing agent. These emerging applications have the potential to drive future demand for formic acid. Wide utilization of formic acid in mining in processes, including ore leaching and metal extraction. As the mining industry continues to expand, especially in emerging markets, the demand for formic acid as a leaching agent may increase. Also, the globalization of markets and increased international trade can create opportunities for formic acid producers to access new markets and expand their customer base.

Formic Acid Market Trends/Drivers:

Increasing Demand for Preservatives and Antibacterial Agents in Food Industry

Formic acid, with its natural antibacterial properties, has found extensive use as a preservative and antibacterial agent in various food products, such as processed meats, bakery items, and beverages. Consumers are becoming more health-conscious and seeking products with extended shelf life, free from spoilage and harmful pathogens. As a result, food manufacturers are turning to formic acid as an effective solution to extend the freshness and safety of their products. Furthermore, formic acid is considered a safer alternative to synthetic preservatives, such as sodium benzoate or potassium sorbate, as it is naturally occurring in certain plants and animals. This shift towards natural and sustainable preservatives is expected to drive the formic acid market's growth in the coming years. As the global population continues to grow, there is a greater need for animal protein production.

Expanding Leather and Textile Industries

Formic acid is utilized in leather tanning, textile dyeing, and finishing processes. In leather tanning, it plays a crucial role in the preservation of animal hides and the removal of hair and epidermis, making them suitable for manufacturing leather products. In the textile sector, formic acid is employed in dyeing and printing operations, helping to fix dyes to fabrics and enhance color fastness. The growth of the fashion industry, coupled with increasing consumer preferences for leather and textile products, has resulted in higher demand for formic acid. Emerging economies, such as India and China, have witnessed a rise in their leather and textile industries, contributing significantly to the formic acid market's expansion. Moreover, stringent environmental regulations in these regions have prompted the adoption of eco-friendly and sustainable tanning and dyeing processes.

Expanding Applications in Chemical Industry

Formic acid is a versatile chemical that serves as a critical building block in the production of various chemicals and materials. It is used in the manufacturing of dyes, pharmaceuticals, leather, and textiles. Furthermore, formic acid's role as a reducing agent and catalyst in several chemical reactions has led to its increased utilization in organic synthesis. The chemical industry's constant need for cost-effective and sustainable raw materials makes formic acid an attractive choice. Its eco-friendly properties, such as being readily biodegradable, make it appealing to industries aiming to reduce their environmental footprint. As a result, the formic acid market is witnessing growth driven by its expanding role in chemical processes and the shift towards more sustainable manufacturing practices.

Formic Acid Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global formic acid market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, application and end use.

Breakup by Type:

Grade 85%

Grade 94%

Grade 99%

Others

Grade 85% dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes grade 85%, grade 94%, grade 99% and others. According to the report, grade 85% represented the largest segment.

In various industries, such as agriculture, formic acid at an 85% concentration is often employed as a preservative in animal feed, effectively inhibiting the growth of harmful microorganisms and prolonging the shelf life of the feed. Additionally, it finds extensive use in the production of leather and textiles, where it serves as a crucial agent in the tanning and dyeing processes, ensuring the quality and durability of the final products. It can be further diluted or used as a starting material for the production of other formic acid derivatives, making it a cost-efficient choice for various applications. Moreover, this grade is compatible with numerous chemical processes across different industries, contributing to its widespread adoption. The 85% grade of formic acid also finds utility in the pharmaceutical and chemical sectors, where it serves as a key ingredient in the synthesis of various organic compounds. Its stability and purity make it an ideal choice for research and manufacturing processes, leading to a consistent demand within these industries.

Breakup by Application:

Animal Feed and Silage Additives

Leather Tanning

Textile Dying and Finishing

Intermediary in Pharmaceuticals

Others

Animal feed and silage additives dominate the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes animal feed and silage additives, leather tanning, textile dying and finishing, intermediary in pharmaceuticals, and others. According to the report, animal feed and silage additives represented the largest segment.

Formic acid's preservation capability not only extends the shelf life of the feed but also ensures that animals are consuming a safe and nutritionally balanced diet. As a result, livestock farmers can mitigate the risk of mycotoxin contamination, improve feed quality, and enhance the overall health and growth rates of their animals. Moreover, formic acid's significance extends to silage production in agriculture. Silage is a valuable feed source, especially for ruminant animals, such as cattle. Formic acid acts as a silage additive by reducing the pH level of ensiled forage, which creates an acidic environment that inhibits spoilage-causing microorganisms. This preservation effect is crucial in ensuring that silage remains nutritious and palatable for livestock consumption, particularly during the winter months when fresh forage is scarce. By maintaining the quality of silage, formic acid enables farmers to provide their animals with consistent and high-quality nutrition year-round, thus contributing to the well-being and productivity of their herds.

Breakup by End Use:

Agriculture

Leather and Textile

Rubber

Chemical and Pharmaceutical

Dyeing

Animal Feed

Others

Agriculture dominates the market

The report has provided a detailed breakup and analysis of the market based on the end use. This includes agriculture, leather and textile, rubber, chemical and pharmaceutical, dyeing, animal feed and others. According to the report, agriculture represented the largest segment.

Formic acid plays a critical role in the preservation of silage, which is a valuable source of feed for ruminant livestock, such as cattle. Silage preservation with formic acid helps maintain forage quality and nutritional value, ensuring that livestock have access to nutritious feed even during seasons when fresh forage is limited. This aspect is particularly significant in regions with seasonal variations or where access to pasture is restricted, as it aids in maintaining consistent animal nutrition and, consequently, optimal livestock health and productivity. Furthermore, formic acid is employed in crop protection. It is used as a pesticide and herbicide to control pests and weeds in agriculture. Its effectiveness as a natural, biodegradable substance makes it a preferable choice for environmentally conscious farmers who seek alternatives to more harmful chemical pesticides. This aligns with the growing trend towards sustainable and eco-friendly agricultural practices.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest formic acid market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The agricultural sector in Asia Pacific is substantial and diverse, making it a significant driver of formic acid demand. As many countries in the region have large populations and robust agricultural industries, there is a consistent need for high-quality animal feed and efficient silage preservation methods. Formic acid's role as a preservative, acidifier, and pesticide aligns perfectly with the agricultural practices of this region, thereby fueling its widespread usage. Furthermore, Asia Pacific is home to some of the world's largest and fastest-growing economies, including China and India. These countries, in particular, have witnessed rapid industrialization and urbanization, leading to increased demand for formic acid in various applications, such as the leather and textile industries, chemical manufacturing, and automotive sectors. Moreover, the presence of a well-established chemical industry infrastructure in several countries has enabled efficient formic acid production and export.

Competitive Landscape:

Numerous companies in the formic acid market invest significantly in research and development to improve production processes, enhance product quality, and discover new applications for formic acid. R&D efforts focus on developing more efficient and environmentally friendly production methods, as well as finding innovative ways to utilize formic acid in different industries. Formic acid manufacturers constantly work to optimize their production processes to increase efficiency, reduce costs, and minimize environmental impact. This includes upgrading facilities, adopting advanced technologies, and improving supply chain management. Companies often seek to expand their market reach by targeting new geographic regions or industries. This may involve establishing partnerships, distribution agreements, or opening new production facilities in areas with growing demand for formic acid. Companies also invest in market research to understand emerging trends, consumer preferences, and competitive landscapes. This information helps them make informed decisions about product development, marketing strategies, and pricing.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

BASF SE

Chongqing Chuandong Chemical Group Co. Ltd.

Eastman Chemical Company

Gujarat Narmada Valley Fertilizers & Chemicals

Luxi Group Co. Ltd.

Perstorp Holding AB (PETRONAS Chemicals International B.V.)

Shandong Acid Chemicals Co. Ltd.

Thermo Fisher Scientific.

Recent Developments:

In May 2023, Thermo Fisher Scientific announces partnership with BRIN to Strengthen Research Infrastructure and Capabilities in Indonesia. The collaboration will involve direct engagements between the two organizations and strengthen their partnership. Thermo Fisher will leverage its expertise and extensive portfolio to support BRIN in improving research competencies and capacities.

In October 2022, PETRONAS Chemicals Group Berhad (PCG) today announced the completion of its acquisition of Perstorp Holding AB (Perstorp). This acquisition is part of PCG's strategy to expand its presence in the specialty chemicals industry. PCG plans to preserve and grow the value of Perstorp and leverage its expertise and workforce to strengthen its position in the Asia Pacific markets. PCG also aims to support Perstorp's growth projects, including the launch of Project Air, which aims to reduce carbon emissions through the production of sustainable methanol.

In June 2021, Incipio group announces strategic sustainability partnership with Eastman chemical company. This partnership will enable Incipio Group to integrate recycled materials into its portfolio of brands and this also aims to find sustainable alternatives while maintaining durability, clarity, and performance.

Key Questions Answered in This Report

  • 1. What was the size of the global formic acid market in 2023?
  • 2. What is the expected growth rate of the global formic acid market during 2024-2032?
  • 3. What are the key factors driving the global formic acid market?
  • 4. What has been the impact of COVID-19 on the global formic acid market?
  • 5. What is the breakup of the global formic acid market based on type?
  • 6. What is the breakup of the global formic acid market based on the application?
  • 7. What is the breakup of the global formic acid market based on the end use?
  • 8. What are the key regions in the global formic acid market?
  • 9. Who are the key players/companies in the global formic acid market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Formic Acid Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Grade 85%
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Grade 94%
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Grade 99%
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Others
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Animal Feed and Silage Additives
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Leather Tanning
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Textile Dying and Finishing
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Intermediary in Pharmaceuticals
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by End Use

  • 8.1 Agriculture
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Leather and Textile
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Rubber
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Chemical and Pharmaceutical
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Dyeing
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Animal Feed
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 BASF SE
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Chongqing Chuandong Chemical Group Co. Ltd.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Eastman Chemical Company
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Gujarat Narmada Valley Fertilizers & Chemicals
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
    • 14.3.5 Luxi Group Co. Ltd.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
    • 14.3.6 Perstorp Holding AB (PETRONAS Chemicals International B.V.)
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 SWOT Analysis
    • 14.3.7 Shandong Acid Chemicals Co. Ltd.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Thermo Fisher Scientific
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis

Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report

List of Figures

  • Figure 1: Global: Formic Acid Market: Major Drivers and Challenges
  • Figure 2: Global: Formic Acid Market: Volume Trends (in Kilo Tons), 2018-2023
  • Figure 3: Global: Formic Acid Market Forecast: Volume Trends (in Kilo Tons), 2024-2032
  • Figure 4: Global: Formic Acid Market: Sales Value (in Billion US$), 2018-2023
  • Figure 5: Global: Formic Acid Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 6: Global: Formic Acid Market: Breakup by Type (in %), 2023
  • Figure 7: Global: Formic Acid Market: Breakup by Application (in %), 2023
  • Figure 8: Global: Formic Acid Market: Breakup by End Use (in %), 2023
  • Figure 9: Global: Formic Acid Market: Breakup by Region (in %), 2023
  • Figure 10: Global: Formic Acid (Grade 85%) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Formic Acid (Grade 85%) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Formic Acid (Grade 94%) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Formic Acid (Grade 94%) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Formic Acid (Grade 99%) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Formic Acid (Grade 99%) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Formic Acid (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Formic Acid (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Formic Acid (Animal Feed and Silage Additives) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Formic Acid (Animal Feed and Silage Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Formic Acid (Leather Tanning) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Formic Acid (Leather Tanning) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Formic Acid (Textile Dying and Finishing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Formic Acid (Textile Dying and Finishing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Formic Acid (Intermediary in Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Formic Acid (Intermediary in Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Formic Acid (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Formic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Global: Formic Acid (Agriculture) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Global: Formic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: Global: Formic Acid (Leather and Textile) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: Global: Formic Acid (Leather and Textile) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Global: Formic Acid (Rubber) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Global: Formic Acid (Rubber) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Global: Formic Acid (Chemical and Pharmaceutical) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Global: Formic Acid (Chemical and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: Global: Formic Acid (Dyeing) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: Global: Formic Acid (Dyeing) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Global: Formic Acid (Animal Feed) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Global: Formic Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Global: Formic Acid (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Global: Formic Acid (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: North America: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: North America: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: United States: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: United States: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Canada: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Canada: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Asia-Pacific: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Asia-Pacific: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: China: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: China: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Japan: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Japan: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: India: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: India: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: South Korea: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: South Korea: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Australia: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Australia: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Indonesia: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Indonesia: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Others: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Others: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Europe: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Europe: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Germany: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Germany: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: France: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: France: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: United Kingdom: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: United Kingdom: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Italy: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Italy: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Spain: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Spain: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 76: Russia: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 77: Russia: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 78: Others: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 79: Others: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Latin America: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 81: Latin America: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 82: Brazil: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 83: Brazil: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 84: Mexico: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 85: Mexico: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 86: Others: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 87: Others: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 88: Middle East and Africa: Formic Acid Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 89: Middle East and Africa: Formic Acid Market: Breakup by Country (in %), 2023
  • Figure 90: Middle East and Africa: Formic Acid Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 91: Global: Formic Acid Industry: SWOT Analysis
  • Figure 92: Global: Formic Acid Industry: Value Chain Analysis
  • Figure 93: Global: Formic Acid Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Formic Acid Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Formic Acid Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Formic Acid Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 4: Global: Formic Acid Market Forecast: Breakup by End Use (in Million US$), 2024-2032
  • Table 5: Global: Formic Acid Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Formic Acid Market: Competitive Structure
  • Table 7: Global: Formic Acid Market: Key Players