Formic Acid Market

Formic Acid Market - Global Industry Assessment & Forecast

Chemicals

# Pages:

200

Base Year:

2023

Sep - 2024

Format:

Report Code:

VMR-2610

Segments Covered

By Grade 85%, 90%, 94%, 99%
By Application Silage and Animal Feed, Leather Tanning, Textile Dyeing and Finishing, Pharmaceuticals/Food Chemicals, Rubber Products, Coatings, Oil & Gas, Others (Deicing Agents, Drilling Fluids, etc.)
By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Standard License

$ 4299 USD

Multi User License

$ 6599 USD

Enterprise License

$ 6999 USD

Snapshot

Base Year:	2023
Forecast Years:	2024 - 2032
Historical Years:	2018 - 2022
Revenue 2023:	USD 2.4 Billion
Revenue 2032:	USD 5.22 Billion
Revenue CAGR (2024 - 2032):	9.1%
Fastest Growing Region (2024 - 2032)	Asia Pacific
Largest Region (2023):	Asia Pacific

Customization Offered

Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst

Executive Dashboard
1. Strategic Imperatives
Premium Insights
1. Top 3 Trends to Watch
2. Demand and Supply Trends
3. Top 3 Strategies Followed by Major Players
4. Top 3 Predictions by Vantage Market Research
5. Top Investment Pockets
6. Insights from Primary Respondents
Global Formic Acid Market - Segment Analysis
1. Overview
2. Global Formic Acid Market, 2016 - 2028 (USD Million)
3. Global Formic Acid Market - by Grade
  1. By 85%
  2. By 90%
  3. By 94%
  4. By 99%
4. Global Formic Acid Market - by Application
  1. By Silage and Animal Feed
  2. By Leather Tanning
  3. By Textile Dyeing and Finishing
  4. By Pharmaceuticals/Food Chemicals
  5. By Rubber Products
  6. By Coatings
  7. By Oil & Gas
  8. By Others (Deicing Agents, Drilling Fluids, etc.)
5. Global Formic Acid Market - by region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
6. Market comparative analysis
North America Formic Acid Market - Segment Analysis
1. Overview
2. North America Formic Acid Market, 2016 - 2028 (USD Million)
3. North America Formic Acid Market, by Grade
  1. By 85%
  2. By 90%
  3. By 94%
  4. By 99%
4. North America Formic Acid Market, by Application
  1. By Silage and Animal Feed
  2. By Leather Tanning
  3. By Textile Dyeing and Finishing
  4. By Pharmaceuticals/Food Chemicals
  5. By Rubber Products
  6. By Coatings
  7. By Oil & Gas
  8. By Others (Deicing Agents, Drilling Fluids, etc.)
5. North America Formic Acid Market, by Country
  1. U.S.
    1. U.S. Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. U.S. Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  2. Canada
    1. Canada Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Canada Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  3. Mexico
    1. Mexico Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Mexico Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
Europe Formic Acid Market - Segment Analysis
1. Overview
2. Europe Formic Acid Market, 2016 - 2028 (USD Million)
3. Europe Formic Acid Market, by Grade
  1. By 85%
  2. By 90%
  3. By 94%
  4. By 99%
4. Europe Formic Acid Market, by Application
  1. By Silage and Animal Feed
  2. By Leather Tanning
  3. By Textile Dyeing and Finishing
  4. By Pharmaceuticals/Food Chemicals
  5. By Rubber Products
  6. By Coatings
  7. By Oil & Gas
  8. By Others (Deicing Agents, Drilling Fluids, etc.)
5. Europe Formic Acid Market, by Country
  1. Germany
    1. Germany Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Germany Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  2. UK
    1. UK Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. UK Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  3. France
    1. France Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. France Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  4. Spain
    1. Spain Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Spain Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  5. Italy
    1. Italy Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Italy Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  6. BENELUX
    1. BENELUX Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. BENELUX Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  7. Rest of Europe
    1. Rest Of Europe Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Rest Of Europe Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
Asia Pacific Formic Acid Market - Segment Analysis
1. Overview
2. Asia Pacific Formic Acid Market, 2016 - 2028 (USD Million)
3. Asia Pacific Formic Acid Market, by Grade
  1. By 85%
  2. By 90%
  3. By 94%
  4. By 99%
4. Asia Pacific Formic Acid Market, by Application
  1. By Silage and Animal Feed
  2. By Leather Tanning
  3. By Textile Dyeing and Finishing
  4. By Pharmaceuticals/Food Chemicals
  5. By Rubber Products
  6. By Coatings
  7. By Oil & Gas
  8. By Others (Deicing Agents, Drilling Fluids, etc.)
5. Asia Pacific Formic Acid Market, by Country
  1. China
    1. China Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. China Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  2. Japan
    1. Japan Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Japan Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  3. India
    1. India Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. India Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  4. South Korea
    1. South Korea Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. South Korea Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  5. South East Asia
    1. South East Asia Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. South East Asia Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  6. Rest of Asia Pacific
    1. Rest of Asia Pacific Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Rest of Asia Pacific Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
Latin America Formic Acid Market - Segment Analysis
1. Overview
2. Latin America Formic Acid Market, 2016 - 2028 (USD Million)
3. Latin America Formic Acid Market, by Grade
  1. By 85%
  2. By 90%
  3. By 94%
  4. By 99%
4. Latin America Formic Acid Market, by Application
  1. By Silage and Animal Feed
  2. By Leather Tanning
  3. By Textile Dyeing and Finishing
  4. By Pharmaceuticals/Food Chemicals
  5. By Rubber Products
  6. By Coatings
  7. By Oil & Gas
  8. By Others (Deicing Agents, Drilling Fluids, etc.)
5. Latin America Formic Acid Market, by Country
  1. Brazil
    1. Brazil Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Brazil Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  2. Argentina
    1. Argentina Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Argentina Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  3. Rest of Latin America
    1. Rest of Latin America Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Rest of Latin America Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
Middle East & Africa Formic Acid Market - Segment Analysis
1. Overview
2. Middle East & Africa Formic Acid Market, 2016 - 2028 (USD Million)
3. Middle East & Africa Formic Acid Market, by Grade
  1. By 85%
  2. By 90%
  3. By 94%
  4. By 99%
4. Middle East & Africa Formic Acid Market, by Application
  1. By Silage and Animal Feed
  2. By Leather Tanning
  3. By Textile Dyeing and Finishing
  4. By Pharmaceuticals/Food Chemicals
  5. By Rubber Products
  6. By Coatings
  7. By Oil & Gas
  8. By Others (Deicing Agents, Drilling Fluids, etc.)
5. Middle East & Africa Formic Acid Market, by Country
  1. GCC Countries
    1. GCC Countries Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. GCC Countries Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  2. South Africa
    1. South Africa Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. South Africa Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
  3. Rest of Middle East & Africa
    1. Rest of Middle East & Africa Formic Acid Market, By Grade
      1. By 85%
      2. By 90%
      3. By 94%
      4. By 99%
    2. Rest of Middle East & Africa Formic Acid Market, By Application
      1. By Silage and Animal Feed
      2. By Leather Tanning
      3. By Textile Dyeing and Finishing
      4. By Pharmaceuticals/Food Chemicals
      5. By Rubber Products
      6. By Coatings
      7. By Oil & Gas
      8. By Others (Deicing Agents, Drilling Fluids, etc.)
Key Market Dynamics
1. Introduction
2. Market Drivers
3. Market Restraints
4. Market Opportunities
5. Porter's Five Forces Analysis
6. PEST Analysis
7. Regulatory Landscape
8. Technology Landscape
9. Regional Market Trends
COVID 19 Impact Analysis
1. Key strategies undertaken by companies to tackle COVID-19
2. Short term dynamics
3. Long term dynamics
Marketing Stratagy Analysis
1. Marketing Channel
2. Direct Marketing
3. Indirect Marketing
4. Marketing Channel Development Trends
Competative Landscape
1. Competition Matrix - 2021
2. Company Market Share Analysis - 2021
3. Key Company Activities, 2018 - 2021
4. Strategic Developments - Heat Map Analysis
5. Company Offering Evaluation
6. Company Regional Presence Evaluation
Company Profiles
1. BASF SE
2. Eastman Chemical Company
3. LUXI GROUP
4. Perstorp
5. Feicheng Acid Chemicals Co. Ltd.
6. Yara International ASA
7. Chongqing Chuandong Chemical (Group) Co. Ltd.
8. Gujarat Narmada Valley Fertilizers & Chemicals Limited
9. Celanese Corporation
10. Kemira Oyj
Key Primary Respondents - VERBATIM
Discussion Guide
Customization Offered
Annexure
List of Figures
List of Tables
List of Abbreviations

FAQ

Frequently Asked Question

What is the global demand for Formic Acid in terms of revenue?

The global Formic Acid valued at USD 2.4 Billion in 2023 and is expected to reach USD 5.22 Billion in 2032 growing at a CAGR of 9.1%.

Which are the prominent players in the market?

The prominent players in the market are BASF SE, Eastman Chemical Company, LUXI GROUP, Perstorp, Feicheng Acid Chemicals Co. Ltd., Yara International ASA, Chongqing Chuandong Chemical (Group) Co. Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, Celanese Corporation, Kemira Oyj .

At what CAGR is the market projected to grow within the forecast period?

The market is project to grow at a CAGR of 9.1% between 2024 and 2032.

What are the driving factors fueling the growth of the market.

The driving factors of the Formic Acid include

Which region accounted for the largest share in the market?

Asia Pacific was the leading regional segment of the Formic Acid in 2023.

Formic Acid Market

Formic Acid Market - Global Industry Assessment & Forecast

Chemicals

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Formic Acid in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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Formic Acid Market

Formic Acid Market - Global Industry Assessment & Forecast

Chemicals

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Formic Acid in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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