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2023
Formic Acid Market

Formic Acid Market: Global Opportunity Analysis and Industry Forecast 2023-2030 Market

Report Code: A07328
Nov 2023 | Pages: NA
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Formic acid, also known as methanoic acid or carboxylic acid, is a vital intermediate in chemical synthesis. Formic acid gives a strong and penetrating odour at room temperature. Several properties of formic acid are organic solvents, colourless, corrosive, pungent, liquid carboxylic acid. Formic acid is naturally found in a variety of foams, such as stinging ants, nettles, pine needles, and sweat. It is chemically manufactured through various methods such as hydrogenation of carbon dioxide and oxidation of biomass.     In addition, it is a bi-product of acetic acid production. It is used in the form of an antibacterial agent and a preservative in livestock feed. Moreover, it is soluble in water, various alcohols, acetone, and ether. 

COVID-19 scenario analysis:

  • Asia-Pacific is highly affected by the spread of the COVID-19 due to the effect of the pandemic in China, Japan, and India. The chemical industry has been highly affected, which led to decrease in demand for formic acid.
  • The outbreak of COVID-19 has disrupted many industrial activities in agriculture and supply chains. Non-availability of migrant labor is interrupting harvesting activities, particularly in northwest India where wheat and pulses are being harvested. Prices have declined for wheat, vegetables, and other crops, yet consumers are paying more. 
  • Farmers are facing shortage of agricultural inputs, such as seed, fertilizer, and pesticides, due to global trade disruptions. China is one of the major fertilizer producing producers and exporters in the world. The lockdown in China has severely affected the international fertilizer trade.
  • The COVID-19 pandemic has changed the global economic picture drastically. Fabric production is expected to decrease, owning to decline in exports and stagnation in apparel/home textile production.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

There is rise in demand for formic acid in various applications such as preservatives, animal feed, agriculture, and leather. Rise in consumption of formic acid as an antibacterial agent for animal feed and increase in usage as silage preservative in agriculture are expected to boost the formic acid market. Moreover, increase in demand for meat across the globe has boosted the consumption of formic acid. Manufacturing companies and end-product manufacturers are significantly investing in advancement and technology modifications of formic acid to fulfil the increase in demand from various end-user industries. In addition, various features and uses of formic acid in several industries are expected to boost the formic acid market growth.

Rubber & leather industry is expected to be the fastest-growing application segment, owing to rise in demand for tires and consumer goods. Formic acid is one of the organic chemical raw materials widely used in rubbers, pharmaceuticals, dyes, leather, and pesticides. The high quality nature of formic acid combined with the global environmental acceptability is one of the main influencing factors that increase the demand in the industry. 

However, various emerging companies and developing new cost-effective alternatives, including micro flora enhancers and peptides are expected to hamper the formic acid market growth. Fluctuating weather condition is expected to negatively affect the production of certain application industries such as silage preservative and animal feed additives.

Surge in usage of formic acid in rubber applications:

Based on region, the global formic acid market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia Pacific has the largest market share of the formic acid market in terms of revenue. China is the main producer and consumer of formic acid across the globe. Textile and rubber industries are the prominent consumers of formic acid in Asia Pacific. Rapid industrialization and easy availability of raw materials are the factors for the higher share of Asia-Pacific in the market. North America also has significant share of the formic acid market due to large number of manufacturers, such BASF SE and Perstorp AB, which operate in the region.

Furthermore, formic acid is used in various applications such as silage & animal feed preservation, leather & tanning, textiles, formate salts, pharmaceuticals/food chemicals, rubber chemicals (antiozonants and coagulants), catalysts, and plasticizers. It is mainly used in livestock as the chemical is used as a preservative in animal feed as it prevents the growth of bacteria in the feed. The growth in production of livestock for sustainable supply of food is expected to create more growth opportunities in the formic acid market. 

Key benefits of the report:

  • This study presents the analytical depiction of the formic acid market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the formic acid market share.
  • The current market is quantitatively analyzed to highlight the formic acid market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the formic acid market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Formic Acid Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights

Aspects Details
By Type
  • Grade 85%
  • Grade 94%
  • Grade 99%
  • Others
By Application
  • Agriculture
  • Leather & Textile
  • Rubber
  • Chemical & Pharmaceutical
  • Dyeing
  • Animal Feed
  • Others
By Region
  • North America  (US, Canada)
  • Europe  (Germany, UK, France, rest of Europe)
  • Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)
  • Latin America  (Brazil, Mexico, rest of LATAM)
  • the Middle East 
  • Africa 
Key Market Players Gujarat Narmada Valley Fertilizers & Chemicals Limited, Anhui Asahi Kasei Chemical, Perstorp, Chongqing Chuandong Chemical Co., Luxi Chemical Group Co. Ltd, BASF SE, Eastman Chemical Company, Perstorp AB, Feicheng Acid Chemical
 
  • CHAPTER 1: INTRODUCTION

    • 1.1. Report Description

    • 1.2. Key Market Segments

    • 1.3. Key Benefits

    • 1.4. Research Methodology

      • 1.4.1. Primary Research

      • 1.4.2. Secondary Research

      • 1.4.3. Analyst Tools and Models

  • CHAPTER 2: EXECUTIVE SUMMARY

    • 2.1. CXO Perspective

  • CHAPTER 3: MARKET LANDSCAPE

    • 3.1. Market Definition and Scope

    • 3.2. Key Findings

      • 3.2.1. Top Investment Pockets

      • 3.2.2. Top Winning Strategies

    • 3.3. Porter's Five Forces Analysis

      • 3.3.1. Bargaining Power of Suppliers

      • 3.3.2. Threat of New Entrants

      • 3.3.3. Threat of Substitutes

      • 3.3.4. Competitive Rivalry

      • 3.3.5. Bargaining Power among Buyers

    • 3.5. Market Dynamics

      • 3.5.1. Drivers

      • 3.5.2. Restraints

      • 3.5.3. Opportunities

    • 3.6. COVID-19 Impact Analysis

  • CHAPTER 4: FORMIC ACID MARKET, BY TYPE

    • 4.1. Market Overview

      • 4.1.1 Market Size and Forecast, By Type

    • 4.2. Grade 85%

      • 4.2.1. Key Market Trends, Growth Factors and Opportunities

      • 4.2.2. Market Size and Forecast, By Region

      • 4.2.3. Market Share Analysis, By Country

    • 4.3. Grade 94%

      • 4.3.1. Key Market Trends, Growth Factors and Opportunities

      • 4.3.2. Market Size and Forecast, By Region

      • 4.3.3. Market Share Analysis, By Country

    • 4.4. Grade 99%

      • 4.4.1. Key Market Trends, Growth Factors and Opportunities

      • 4.4.2. Market Size and Forecast, By Region

      • 4.4.3. Market Share Analysis, By Country

    • 4.5. Others

      • 4.5.1. Key Market Trends, Growth Factors and Opportunities

      • 4.5.2. Market Size and Forecast, By Region

      • 4.5.3. Market Share Analysis, By Country

  • CHAPTER 5: FORMIC ACID MARKET, BY APPLICATION

    • 5.1. Market Overview

      • 5.1.1 Market Size and Forecast, By Application

    • 5.2. Agriculture

      • 5.2.1. Key Market Trends, Growth Factors and Opportunities

      • 5.2.2. Market Size and Forecast, By Region

      • 5.2.3. Market Share Analysis, By Country

    • 5.3. Leather Textile

      • 5.3.1. Key Market Trends, Growth Factors and Opportunities

      • 5.3.2. Market Size and Forecast, By Region

      • 5.3.3. Market Share Analysis, By Country

    • 5.4. Rubber

      • 5.4.1. Key Market Trends, Growth Factors and Opportunities

      • 5.4.2. Market Size and Forecast, By Region

      • 5.4.3. Market Share Analysis, By Country

    • 5.5. Chemical Pharmaceutical

      • 5.5.1. Key Market Trends, Growth Factors and Opportunities

      • 5.5.2. Market Size and Forecast, By Region

      • 5.5.3. Market Share Analysis, By Country

    • 5.6. Dyeing

      • 5.6.1. Key Market Trends, Growth Factors and Opportunities

      • 5.6.2. Market Size and Forecast, By Region

      • 5.6.3. Market Share Analysis, By Country

    • 5.7. Animal Feed

      • 5.7.1. Key Market Trends, Growth Factors and Opportunities

      • 5.7.2. Market Size and Forecast, By Region

      • 5.7.3. Market Share Analysis, By Country

    • 5.8. Others

      • 5.8.1. Key Market Trends, Growth Factors and Opportunities

      • 5.8.2. Market Size and Forecast, By Region

      • 5.8.3. Market Share Analysis, By Country

  • CHAPTER 6: FORMIC ACID MARKET, BY REGION

    • 6.1. Market Overview

      • 6.1.1 Market Size and Forecast, By Region

    • 6.2. North America

      • 6.2.1. Key Market Trends and Opportunities

      • 6.2.2. Market Size and Forecast, By Type

      • 6.2.3. Market Size and Forecast, By Application

      • 6.2.4. Market Size and Forecast, By Country

      • 6.2.5. U.S. Formic Acid Market

        • 6.2.5.1. Market Size and Forecast, By Type
        • 6.2.5.2. Market Size and Forecast, By Application
      • 6.2.6. Canada Formic Acid Market

        • 6.2.6.1. Market Size and Forecast, By Type
        • 6.2.6.2. Market Size and Forecast, By Application
      • 6.2.7. Mexico Formic Acid Market

        • 6.2.7.1. Market Size and Forecast, By Type
        • 6.2.7.2. Market Size and Forecast, By Application
    • 6.3. Europe

      • 6.3.1. Key Market Trends and Opportunities

      • 6.3.2. Market Size and Forecast, By Type

      • 6.3.3. Market Size and Forecast, By Application

      • 6.3.4. Market Size and Forecast, By Country

      • 6.3.5. France Formic Acid Market

        • 6.3.5.1. Market Size and Forecast, By Type
        • 6.3.5.2. Market Size and Forecast, By Application
      • 6.3.6. Germany Formic Acid Market

        • 6.3.6.1. Market Size and Forecast, By Type
        • 6.3.6.2. Market Size and Forecast, By Application
      • 6.3.7. Italy Formic Acid Market

        • 6.3.7.1. Market Size and Forecast, By Type
        • 6.3.7.2. Market Size and Forecast, By Application
      • 6.3.8. Spain Formic Acid Market

        • 6.3.8.1. Market Size and Forecast, By Type
        • 6.3.8.2. Market Size and Forecast, By Application
      • 6.3.9. UK Formic Acid Market

        • 6.3.9.1. Market Size and Forecast, By Type
        • 6.3.9.2. Market Size and Forecast, By Application
      • 6.3.10. Russia Formic Acid Market

        • 6.3.10.1. Market Size and Forecast, By Type
        • 6.3.10.2. Market Size and Forecast, By Application
      • 6.3.11. Rest Of Europe Formic Acid Market

        • 6.3.11.1. Market Size and Forecast, By Type
        • 6.3.11.2. Market Size and Forecast, By Application
    • 6.4. Asia-Pacific

      • 6.4.1. Key Market Trends and Opportunities

      • 6.4.2. Market Size and Forecast, By Type

      • 6.4.3. Market Size and Forecast, By Application

      • 6.4.4. Market Size and Forecast, By Country

      • 6.4.5. China Formic Acid Market

        • 6.4.5.1. Market Size and Forecast, By Type
        • 6.4.5.2. Market Size and Forecast, By Application
      • 6.4.6. Japan Formic Acid Market

        • 6.4.6.1. Market Size and Forecast, By Type
        • 6.4.6.2. Market Size and Forecast, By Application
      • 6.4.7. India Formic Acid Market

        • 6.4.7.1. Market Size and Forecast, By Type
        • 6.4.7.2. Market Size and Forecast, By Application
      • 6.4.8. South Korea Formic Acid Market

        • 6.4.8.1. Market Size and Forecast, By Type
        • 6.4.8.2. Market Size and Forecast, By Application
      • 6.4.9. Australia Formic Acid Market

        • 6.4.9.1. Market Size and Forecast, By Type
        • 6.4.9.2. Market Size and Forecast, By Application
      • 6.4.10. Thailand Formic Acid Market

        • 6.4.10.1. Market Size and Forecast, By Type
        • 6.4.10.2. Market Size and Forecast, By Application
      • 6.4.11. Malaysia Formic Acid Market

        • 6.4.11.1. Market Size and Forecast, By Type
        • 6.4.11.2. Market Size and Forecast, By Application
      • 6.4.12. Indonesia Formic Acid Market

        • 6.4.12.1. Market Size and Forecast, By Type
        • 6.4.12.2. Market Size and Forecast, By Application
      • 6.4.13. Rest of Asia Pacific Formic Acid Market

        • 6.4.13.1. Market Size and Forecast, By Type
        • 6.4.13.2. Market Size and Forecast, By Application
    • 6.5. LAMEA

      • 6.5.1. Key Market Trends and Opportunities

      • 6.5.2. Market Size and Forecast, By Type

      • 6.5.3. Market Size and Forecast, By Application

      • 6.5.4. Market Size and Forecast, By Country

      • 6.5.5. Brazil Formic Acid Market

        • 6.5.5.1. Market Size and Forecast, By Type
        • 6.5.5.2. Market Size and Forecast, By Application
      • 6.5.6. South Africa Formic Acid Market

        • 6.5.6.1. Market Size and Forecast, By Type
        • 6.5.6.2. Market Size and Forecast, By Application
      • 6.5.7. Saudi Arabia Formic Acid Market

        • 6.5.7.1. Market Size and Forecast, By Type
        • 6.5.7.2. Market Size and Forecast, By Application
      • 6.5.8. UAE Formic Acid Market

        • 6.5.8.1. Market Size and Forecast, By Type
        • 6.5.8.2. Market Size and Forecast, By Application
      • 6.5.9. Argentina Formic Acid Market

        • 6.5.9.1. Market Size and Forecast, By Type
        • 6.5.9.2. Market Size and Forecast, By Application
      • 6.5.10. Rest of LAMEA Formic Acid Market

        • 6.5.10.1. Market Size and Forecast, By Type
        • 6.5.10.2. Market Size and Forecast, By Application
  • CHAPTER 7: COMPETITIVE LANDSCAPE

    • 7.1. Introduction

    • 7.2. Top Winning Strategies

    • 7.3. Product Mapping Of Top 10 Player

    • 7.4. Competitive Dashboard

    • 7.5. Competitive Heatmap

    • 7.6. Top Player Positioning,2022

  • CHAPTER 8: COMPANY PROFILES

    • 8.1. BASF SE

      • 8.1.1. Company Overview

      • 8.1.2. Key Executives

      • 8.1.3. Company Snapshot

      • 8.1.4. Operating Business Segments

      • 8.1.5. Product Portfolio

      • 8.1.6. Business Performance

      • 8.1.7. Key Strategic Moves and Developments

    • 8.2. Perstorp

      • 8.2.1. Company Overview

      • 8.2.2. Key Executives

      • 8.2.3. Company Snapshot

      • 8.2.4. Operating Business Segments

      • 8.2.5. Product Portfolio

      • 8.2.6. Business Performance

      • 8.2.7. Key Strategic Moves and Developments

    • 8.3. Eastman Chemical Company

      • 8.3.1. Company Overview

      • 8.3.2. Key Executives

      • 8.3.3. Company Snapshot

      • 8.3.4. Operating Business Segments

      • 8.3.5. Product Portfolio

      • 8.3.6. Business Performance

      • 8.3.7. Key Strategic Moves and Developments

    • 8.4. Luxi Chemical Group Co. Ltd

      • 8.4.1. Company Overview

      • 8.4.2. Key Executives

      • 8.4.3. Company Snapshot

      • 8.4.4. Operating Business Segments

      • 8.4.5. Product Portfolio

      • 8.4.6. Business Performance

      • 8.4.7. Key Strategic Moves and Developments

    • 8.5. Anhui Asahi Kasei Chemical

      • 8.5.1. Company Overview

      • 8.5.2. Key Executives

      • 8.5.3. Company Snapshot

      • 8.5.4. Operating Business Segments

      • 8.5.5. Product Portfolio

      • 8.5.6. Business Performance

      • 8.5.7. Key Strategic Moves and Developments

    • 8.6. Feicheng Acid Chemical

      • 8.6.1. Company Overview

      • 8.6.2. Key Executives

      • 8.6.3. Company Snapshot

      • 8.6.4. Operating Business Segments

      • 8.6.5. Product Portfolio

      • 8.6.6. Business Performance

      • 8.6.7. Key Strategic Moves and Developments

    • 8.7. Gujarat Narmada Valley Fertilizers And Chemicals Limited

      • 8.7.1. Company Overview

      • 8.7.2. Key Executives

      • 8.7.3. Company Snapshot

      • 8.7.4. Operating Business Segments

      • 8.7.5. Product Portfolio

      • 8.7.6. Business Performance

      • 8.7.7. Key Strategic Moves and Developments

    • 8.8. Chongqing Chuandong Chemical Co.

      • 8.8.1. Company Overview

      • 8.8.2. Key Executives

      • 8.8.3. Company Snapshot

      • 8.8.4. Operating Business Segments

      • 8.8.5. Product Portfolio

      • 8.8.6. Business Performance

      • 8.8.7. Key Strategic Moves and Developments

    • 8.9. Perstorp AB

      • 8.9.1. Company Overview

      • 8.9.2. Key Executives

      • 8.9.3. Company Snapshot

      • 8.9.4. Operating Business Segments

      • 8.9.5. Product Portfolio

      • 8.9.6. Business Performance

      • 8.9.7. Key Strategic Moves and Developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL FORMIC ACID MARKET, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 2. GLOBAL FORMIC ACID MARKET FOR GRADE 85%, BY REGION, 2022-2032 ($MILLION)
  • TABLE 3. GLOBAL FORMIC ACID MARKET FOR GRADE 94%, BY REGION, 2022-2032 ($MILLION)
  • TABLE 4. GLOBAL FORMIC ACID MARKET FOR GRADE 99%, BY REGION, 2022-2032 ($MILLION)
  • TABLE 5. GLOBAL FORMIC ACID MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
  • TABLE 6. GLOBAL FORMIC ACID MARKET, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 7. GLOBAL FORMIC ACID MARKET FOR AGRICULTURE, BY REGION, 2022-2032 ($MILLION)
  • TABLE 8. GLOBAL FORMIC ACID MARKET FOR LEATHER TEXTILE, BY REGION, 2022-2032 ($MILLION)
  • TABLE 9. GLOBAL FORMIC ACID MARKET FOR RUBBER, BY REGION, 2022-2032 ($MILLION)
  • TABLE 10. GLOBAL FORMIC ACID MARKET FOR CHEMICAL PHARMACEUTICAL, BY REGION, 2022-2032 ($MILLION)
  • TABLE 11. GLOBAL FORMIC ACID MARKET FOR DYEING, BY REGION, 2022-2032 ($MILLION)
  • TABLE 12. GLOBAL FORMIC ACID MARKET FOR ANIMAL FEED, BY REGION, 2022-2032 ($MILLION)
  • TABLE 13. GLOBAL FORMIC ACID MARKET FOR OTHERS, BY REGION, 2022-2032 ($MILLION)
  • TABLE 14. GLOBAL FORMIC ACID MARKET, BY REGION, 2022-2032 ($MILLION)
  • TABLE 15. NORTH AMERICA FORMIC ACID, BY REGION, 2022-2032 ($MILLION)
  • TABLE 16. NORTH AMERICA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 17. NORTH AMERICA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 18. U.S. FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 19. U.S. FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 20. CANADA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 21. CANADA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 22. MEXICO FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 23. MEXICO FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 24. EUROPE FORMIC ACID, BY REGION, 2022-2032 ($MILLION)
  • TABLE 25. EUROPE FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 26. EUROPE FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 27. FRANCE FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 28. FRANCE FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 29. GERMANY FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 30. GERMANY FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 31. ITALY FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 32. ITALY FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 33. SPAIN FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 34. SPAIN FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 35. UK FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 36. UK FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 37. RUSSIA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 38. RUSSIA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 39. REST OF EUROPE FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 40. REST OF EUROPE FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 41. ASIA-PACIFIC FORMIC ACID, BY REGION, 2022-2032 ($MILLION)
  • TABLE 42. ASIA-PACIFIC FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 43. ASIA-PACIFIC FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 44. CHINA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 45. CHINA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 46. JAPAN FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 47. JAPAN FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 48. INDIA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 49. INDIA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 50. SOUTH KOREA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 51. SOUTH KOREA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 52. AUSTRALIA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 53. AUSTRALIA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 54. THAILAND FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 55. THAILAND FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 56. MALAYSIA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 57. MALAYSIA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 58. INDONESIA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 59. INDONESIA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 60. REST OF ASIA PACIFIC FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 61. REST OF ASIA PACIFIC FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 62. LAMEA FORMIC ACID, BY REGION, 2022-2032 ($MILLION)
  • TABLE 63. LAMEA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 64. LAMEA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 65. BRAZIL FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 66. BRAZIL FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 67. SOUTH AFRICA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 68. SOUTH AFRICA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 69. SAUDI ARABIA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 70. SAUDI ARABIA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 71. UAE FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 72. UAE FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 73. ARGENTINA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 74. ARGENTINA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 75. REST OF LAMEA FORMIC ACID, BY TYPE, 2022-2032 ($MILLION)
  • TABLE 76. REST OF LAMEA FORMIC ACID, BY APPLICATION, 2022-2032 ($MILLION)
  • TABLE 77. BASF SE: KEY EXECUTIVES
  • TABLE 78. BASF SE: COMPANY SNAPSHOT
  • TABLE 79. BASF SE: OPERATING SEGMENTS
  • TABLE 80. BASF SE: PRODUCT PORTFOLIO
  • TABLE 81. BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 82. PERSTORP: KEY EXECUTIVES
  • TABLE 83. PERSTORP: COMPANY SNAPSHOT
  • TABLE 84. PERSTORP: OPERATING SEGMENTS
  • TABLE 85. PERSTORP: PRODUCT PORTFOLIO
  • TABLE 86. PERSTORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 87. EASTMAN CHEMICAL COMPANY: KEY EXECUTIVES
  • TABLE 88. EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
  • TABLE 89. EASTMAN CHEMICAL COMPANY: OPERATING SEGMENTS
  • TABLE 90. EASTMAN CHEMICAL COMPANY: PRODUCT PORTFOLIO
  • TABLE 91. EASTMAN CHEMICAL COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 92. LUXI CHEMICAL GROUP CO. LTD: KEY EXECUTIVES
  • TABLE 93. LUXI CHEMICAL GROUP CO. LTD: COMPANY SNAPSHOT
  • TABLE 94. LUXI CHEMICAL GROUP CO. LTD: OPERATING SEGMENTS
  • TABLE 95. LUXI CHEMICAL GROUP CO. LTD: PRODUCT PORTFOLIO
  • TABLE 96. LUXI CHEMICAL GROUP CO. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 97. ANHUI ASAHI KASEI CHEMICAL: KEY EXECUTIVES
  • TABLE 98. ANHUI ASAHI KASEI CHEMICAL: COMPANY SNAPSHOT
  • TABLE 99. ANHUI ASAHI KASEI CHEMICAL: OPERATING SEGMENTS
  • TABLE 100. ANHUI ASAHI KASEI CHEMICAL: PRODUCT PORTFOLIO
  • TABLE 101. ANHUI ASAHI KASEI CHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 102. FEICHENG ACID CHEMICAL: KEY EXECUTIVES
  • TABLE 103. FEICHENG ACID CHEMICAL: COMPANY SNAPSHOT
  • TABLE 104. FEICHENG ACID CHEMICAL: OPERATING SEGMENTS
  • TABLE 105. FEICHENG ACID CHEMICAL: PRODUCT PORTFOLIO
  • TABLE 106. FEICHENG ACID CHEMICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 107. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: KEY EXECUTIVES
  • TABLE 108. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: COMPANY SNAPSHOT
  • TABLE 109. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: OPERATING SEGMENTS
  • TABLE 110. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: PRODUCT PORTFOLIO
  • TABLE 111. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 112. CHONGQING CHUANDONG CHEMICAL CO.: KEY EXECUTIVES
  • TABLE 113. CHONGQING CHUANDONG CHEMICAL CO.: COMPANY SNAPSHOT
  • TABLE 114. CHONGQING CHUANDONG CHEMICAL CO.: OPERATING SEGMENTS
  • TABLE 115. CHONGQING CHUANDONG CHEMICAL CO.: PRODUCT PORTFOLIO
  • TABLE 116. CHONGQING CHUANDONG CHEMICAL CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • TABLE 117. PERSTORP AB: KEY EXECUTIVES
  • TABLE 118. PERSTORP AB: COMPANY SNAPSHOT
  • TABLE 119. PERSTORP AB: OPERATING SEGMENTS
  • TABLE 120. PERSTORP AB: PRODUCT PORTFOLIO
  • TABLE 121. PERSTORP AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
  • LIST OF FIGURES

  • FIGURE 1. GLOBAL FORMIC ACID MARKET SEGMENTATION
  • FIGURE 2. GLOBAL FORMIC ACID MARKET
  • FIGURE 3. SEGMENTATION FORMIC ACID MARKET
  • FIGURE 4. TOP INVESTMENT POCKET IN FORMIC ACID MARKET
  • FIGURE 5. MODERATE BARGAINING POWER OF BUYERS
  • FIGURE 6. MODERATE BARGAINING POWER OF SUPPLIERS
  • FIGURE 7. MODERATE THREAT OF NEW ENTRANTS
  • FIGURE 8. LOW THREAT OF SUBSTITUTION
  • FIGURE 9. HIGH COMPETITIVE RIVALRY
  • FIGURE 10. OPPORTUNITIES, RESTRAINTS AND DRIVERS: GLOBALFORMIC ACID MARKET
  • FIGURE 11. FORMIC ACID MARKET SEGMENTATION, BY BY TYPE
  • FIGURE 12. FORMIC ACID MARKET FOR GRADE 85%, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 13. FORMIC ACID MARKET FOR GRADE 94%, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 14. FORMIC ACID MARKET FOR GRADE 99%, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 15. FORMIC ACID MARKET FOR OTHERS, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 16. FORMIC ACID MARKET SEGMENTATION, BY BY APPLICATION
  • FIGURE 17. FORMIC ACID MARKET FOR AGRICULTURE, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 18. FORMIC ACID MARKET FOR LEATHER TEXTILE, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 19. FORMIC ACID MARKET FOR RUBBER, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 20. FORMIC ACID MARKET FOR CHEMICAL PHARMACEUTICAL, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 21. FORMIC ACID MARKET FOR DYEING, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 22. FORMIC ACID MARKET FOR ANIMAL FEED, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 23. FORMIC ACID MARKET FOR OTHERS, BY COUNTRY, 2022-2032 ($MILLION)
  • FIGURE 24. TOP WINNING STRATEGIES, BY YEAR, 2020-2022*
  • FIGURE 25. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2020-2022*
  • FIGURE 26. TOP WINNING STRATEGIES, BY COMPANY, 2020-2022*
  • FIGURE 27. PRODUCT MAPPING OF TOP 10 PLAYERS
  • FIGURE 28. COMPETITIVE DASHBOARD
  • FIGURE 29. COMPETITIVE HEATMAP: FORMIC ACID MARKET
  • FIGURE 30. Top player positioning, 2022
  • FIGURE 31. BASF SE: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 32. BASF SE: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 33. BASF SE: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 34. PERSTORP: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 35. PERSTORP: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 36. PERSTORP: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 37. EASTMAN CHEMICAL COMPANY: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 38. EASTMAN CHEMICAL COMPANY: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 39. EASTMAN CHEMICAL COMPANY: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 40. LUXI CHEMICAL GROUP CO. LTD: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 41. LUXI CHEMICAL GROUP CO. LTD: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 42. LUXI CHEMICAL GROUP CO. LTD: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 43. ANHUI ASAHI KASEI CHEMICAL: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 44. ANHUI ASAHI KASEI CHEMICAL: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 45. ANHUI ASAHI KASEI CHEMICAL: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 46. FEICHENG ACID CHEMICAL: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 47. FEICHENG ACID CHEMICAL: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 48. FEICHENG ACID CHEMICAL: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 49. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 50. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 51. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 52. CHONGQING CHUANDONG CHEMICAL CO.: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 53. CHONGQING CHUANDONG CHEMICAL CO.: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 54. CHONGQING CHUANDONG CHEMICAL CO.: REVENUE SHARE, BY REGION, 2032 (%)
  • FIGURE 55. PERSTORP AB: NET SALES, 2020-2022 ($MILLION)
  • FIGURE 56. PERSTORP AB: REVENUE SHARE, BY SEGMENT, 2032 (%)
  • FIGURE 57. PERSTORP AB: REVENUE SHARE, BY REGION, 2032 (%)

 
 
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