Latest research report on “Formic Acid Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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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.
This report contains market size and forecasts of Formic Acid in global, including the following market information:
Global Formic Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Formic Acid Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Formic Acid companies in 2021 (%)
The global Formic Acid market was valued at 251.1 million in 2021 and is projected to reach US$ 337.3 million by 2028, at a CAGR of 4.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Content 85% Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Formic Acid include BASF, Eastman, Perstorp, Rashtriya Chemicals and Fertilizers, Gujarat Narmada Valley Fertilizers & Chemicals, LUXI, Feicheng Acid, Chongqing Chuandong Chemical and Shijiazhuang Taihe Chemical. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Formic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Formic Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Formic Acid Market Segment Percentages, by Type, 2021 (%)
– Content 85%
– Content 90%
– Content 98%
Global Formic Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Formic Acid Market Segment Percentages, by Application, 2021 (%)
– Leather and Textile
– Chemical and Pharmaceuticals
Global Formic Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Formic Acid Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Formic Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Formic Acid revenues share in global market, 2021 (%)
Key companies Formic Acid sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Formic Acid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Rashtriya Chemicals and Fertilizers
– Gujarat Narmada Valley Fertilizers & Chemicals
– Feicheng Acid
– Chongqing Chuandong Chemical
– Shijiazhuang Taihe Chemical
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