Formic Acid (CAS 64-18-6) Market by Process (Methyl Formate Hydrolysis, Sodium Formate Process), by Application (Agriculture & Feed, Chemicals & Pharmaceuticals, Leather, Rubber, Textile) and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity 2019-2024


The analysts forecast the global formic acid market to exhibit a CAGR of 2.87% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global formic acid for 2019-2024. To calculate the market size, the report considers the formic acid sales volume and revenue.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, process, and application.

Geographically, the global formic acid market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

On the basis of process, the global formic acid market is segmented into:
- Methyl Formate Hydrolysis
- Sodium Formate Process

Based on application, the formic acid market is segmented into:
- Agriculture & Feed
- Chemicals & Pharmaceuticals
- Leather
- Rubber
- Textile

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global formic acid market are:
- Baoding Guoxiu Chemical Industry Co., Ltd.
- BASF SE
- BASF-YPC Company Limited
- Chongqing Chuandong Chemical (Group) Co., Ltd.
- Dongying Shuntong Chemical (Group) Co., Ltd.
- Eastman Chemical Company
- Gujarat Narmada Valley Fertiliser Co., Ltd. (GNFC)
- LUXI Group
- Perstorp AB
- Polioli Spa
- PT Sintas Kurama Perdana
- Qianjiang Fuyang Chemical Co., Ltd.
- Rashtriya Chemicals and Fertilizers Limited (RCF)
- Shahid Rasouli Petrochemical Co.
- Shandong Acid Technology Co., Ltd.
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Objective of the study:
- To analyze and forecast the market size of global formic acid market.
- To classify and forecast global formic acid market based on region, process, and application.
- To identify drivers and challenges for global formic acid market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global formic acid market.
- To conduct pricing analysis for global formic acid market.
- To identify and analyze the profile of leading players operating in global formic acid market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of formic acid
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to formic acid

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with formic acid suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.
1. Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
5. Introduction
5.1 Overview
5.2 Value Chain
6. Market Landscape
6.1 Market Size and Forecast
7. Market Segmentation by Process
7.1 Global Formic Acid Market by Process 2014-2024
7.2 Global Formic Acid Market by Methyl Formate Hydrolysis
7.3 Global Formic Acid Market by Sodium Formate Process
8. Market Segmentation by Application
8.1 Global Formic Acid Market by Application 2014-2024
8.2 Global Formic Acid Market by Agriculture & Feed Segment
8.3 Global Formic Acid Market by Chemicals & Pharmaceuticals Segment
8.4 Global Formic Acid Market by Leather Segment
8.5 Global Formic Acid Market by Rubber Segment
8.6 Global Formic Acid Market by Textile Segment
9. Drivers & Challenges
9.1 Market Growth Drivers
9.2 Market Challenges
9.3 Market Trends
10. Formic Acid Market in North America
10.1 Market Size and Forecast
10.2 Market Segmentation by Application
10.3 Market Segmentation by Country
11. Formic Acid Market in Europe
11.1 Market Size and Forecast
11.2 Market Segmentation by Application
11.3 Market Segmentation by Country
12. Formic Acid Market in Asia-Pacific
12.1 Market Size and Forecast
12.2 Market Segmentation by Application
12.3 Market Segmentation by Country
13. Formic Acid Market in MEA
13.1 Market Size and Forecast
13.2 Market Segmentation by Application
13.3 Market Segmentation by Country
14. Formic Acid Market in South America
14.1 Market Size and Forecast
14.2 Market Segmentation by Application
14.3 Market Segmentation by Country
15. Key Vendor Analysis
15.1 Baoding Guoxiu Chemical Industry Co., Ltd.
15.2 BASF SE
15.3 BASF-YPC Company Limited
15.4 Chongqing Chuandong Chemical (Group) Co., Ltd.
15.5 Dongying Shuntong Chemical (Group) Co., Ltd.
15.6 Eastman Chemical Company
15.7 Gujarat Narmada Valley Fertiliser Co., Ltd. (GNFC)
15.8 LUXI Group
15.9 Perstorp AB
15.10 Polioli Spa
15.11 PT Sintas Kurama Perdana
15.12 Qianjiang Fuyang Chemical Co., Ltd.
15.13 Rashtriya Chemicals and Fertilizers Limited (RCF)
15.14 Shahid Rasouli Petrochemical Co.
15.15 Shandong Acid Technology Co., Ltd.
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ABOUT GEN CONSULTING COMPANY

This GCC report is based on the synthesis, analysis, and interpretation of information about the global market collected from specialized sources. GCC analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market. The research methodology used to estimate and forecast the market begins with capturing data on key players’ revenues in the market through secondary research. The bottom-up procedure was employed to obtain the overall market size of the global market. Specific to this market, global market volume & revenue is estimated on the basis of the sales information of key major players.  
 

After arriving at the overall market size, the industry is then divided into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, sales managers, Directors and executives. Drawing on GCC’s research, expert interviews, and extensive experience working with market-facing companies worldwide, main trends that have begun- and will most likely continue-to affect this industry are identified and analyzed.

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