Formic Acid Market Report

RA06529

Formic Acid Market, by Type (Grade 85%, Grade 94%, Grade 99%, Others), Application (Agriculture, Leather & Textile, Rubber, Chemical & Pharmaceutical, Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

MC : Renewable, Speciality and fine chemicals

RA06529

Pages: 141

Jun 2023

The global formic acid market is estimated to surpass $911.4 million by 2027, exhibiting a CAGR of 2.1% from 2020 to 2027.

The report provides all-inclusive analysis of global formic acid market with comprehensive study of the various facets of the market including market dynamics, major segments and regions, top leading players, and competitive landscape.

HIGHLIGHTS OF THE REPORT

This report is a compilation of insights acquired via a detailed study and valid inputs from industry experts & industry participants across the value chain and quantitative & qualitative assessment by analysts of the industry

The report provides a comprehensive analysis along with the current trends of the market during the forecast period from 2020 to 2027 to identify & comprehend the prevailing opportunities and the strategic assessment of the global formic acid market growth

The report studies the market from 2019 to 2027 and maps the qualitative impact of several industry factors on market segments as well as geographies

The report provides market estimations and size which is based on in-depth analysis of recent & key developments in the formic acid market

The development strategies implemented by the key industry players are conscripted in the report to understand the competitive scenario of the global formic acid market

WHAT DOES THE REPORT OFFER?

The report emphasizes current market scenario and future trends of the global formic acid market which are gleaned from the impact of various market dynamics such as drivers, challenges & restraints, lucrative opportunities. The report also highlights the key forces that are shaping the market.

In addition, the report provides market size and forecast scrutinizing the global formic acid market through different segments. The report highlights the geographical market scenario of each of the segments thoroughly studied at regional as well as country level to get clearer picture of the global formic acid market. In the report, the global formic acid market is divided into four major regions including North America, Europe, Asia-Pacific, and LAMEA. These regions are further divided into major countries to cover the formic acid market landscape in respective regions.

Furthermore, competitive scenario of the global formic acid market is covered in the report. Major players functioning in the global formic acid market are also studied to understand their position and competitive strengths in the industry. The major company profiles covered in the report include various company’s datum such as brief overview, recent financials, main executives, adoption of key growth strategies, novel advancements or initiatives to sustain and expand their position in the global formic acid market, and others.

MAIN SEGMENTS OF THE MARKET

The market has been categorized based on the following segments for the convenience of research:

Type: Grade 85%, Grade 94%, Grade 99%, Others

Application: Agriculture, Leather & Textile, Rubber, Chemical & Pharmaceutical, Others

Region:

The global formic acid market is divided into North America, Europe, Asia Pacific, and LAMEA.

The above-mentioned regions are further divided in countries as follows:

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- UAE
- Rest of LAMEA

KEY MARKET PLAYERS

The report mentions the major players operating in the global formic acid market that focus on advancements & innovations, partnerships, geographical expansion, and product portfolios to obtain a competitive edge in the market space. The major players enlisted in the report include Perstorp AB, Company 10, Gujarat Narmada Valley Fertilizers & Chemicals, Company 10.

The report summarizes various aspects of all these key players that include as follows:

1. BASF

2. Eastman Chemical

3. Gujarat Narmada Valley Fertilizers & Chemicals

4. Perstorp AB

5. Feicheng Acid Chemicals

6. Rashtriya Chemicals & Fertilizers

7. Taminco

8. Chongqing Chuandong Chemical

9. Company 9

10. Company 10

Research Methodology

Research Dive offers its clients extensive research and analysis gleaned from wide variety of factual inputs that largely includes interview with participants of the industry, reliable data & statistics, and regional intelligence. The in-house experts of the industry play a crucial role in designing analytic tools and models, tailor-made to the requests of an industry segment. The data and statistics are sterilized with these analytical tools and models, which enhances the accuracy of our advice and recommendations.

This research report is delivered by Research Dive by conducting long hours of discussions and interviews, with a broad range of stakeholders, which includes upstream and downstream participants. Our analysts have performed a mix of primary and secondary research for the market estimations and forecasts. A number of product type literatures, industry releases, annual reports, and other related documents of major participants of the industry have been reviewed, to better understand the global formic acid market scenario. The initial phase of our in-depth study, where we perform wide-range data mining, referring to proficient & verified data sources such as independent studies, medical journals, technical journals, releases by trade association, materials published by government & regulatory authorities, and other.

1. RESEARCH METHODOLOGY
- 1.1. Desk Research
- 1.2. Real time insights and validation
- 1.3. Forecast model
- 1.4. Assumptions and forecast parameters
- 1.5. Market size estimation
  - 1.5.1. Top-down approach
  - 1.5.2. Bottom-up approach
2. REPORT SCOPE
- 2.1. Market definition
- 2.2. Key objectives of the study
- 2.3. Report overview
- 2.4. Market segmentation
- 2.5. Overview of the impact of COVID-19 on Global Formic Acid Market
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
- 4.1. Introduction
- 4.2. Growth impact forces
  - 4.2.1. Drivers
  - 4.2.2. Restraints
  - 4.2.3. Opportunities
- 4.3. Market value chain analysis
  - 4.3.1. List of raw material suppliers
  - 4.3.2. List of manufacturers
  - 4.3.3. List of distributors
- 4.4. Innovation & sustainability matrices
  - 4.4.1. Technology matrix
  - 4.4.2. Regulatory matrix
- 4.5. Porter’s five forces analysis
  - 4.5.1. Bargaining power of suppliers
  - 4.5.2. Bargaining power of consumers
  - 4.5.3. Threat of substitutes
  - 4.5.4. Threat of new entrants
  - 4.5.5. Competitive rivalry intensity
- 4.6. PESTLE analysis
  - 4.6.1. Political
  - 4.6.2. Economical
  - 4.6.3. Social
  - 4.6.4. Technological
  - 4.6.5. Environmental
- 4.7. Impact of COVID-19 on Formic Acid Market
  - 4.7.1. Pre-covid market scenario
  - 4.7.2. Post-covid market scenario
5. Formic Acid Market, By Product
- 5.1. Overview
- 5.2 Grade 85%
  - 5.2.1 Definition, key trends, growth factors, and opportunities
  - 5.2.2 Market size analysis, by region, 2020-2027
  - 5.2.3 Market share analysis, by country, 2020-2027
- 5.3 Grade 94%
  - 5.3.1 Definition, key trends, growth factors, and opportunities
  - 5.3.2 Market size analysis, by region, 2020-2027
  - 5.3.3 Market share analysis, by country, 2020-2027
- 5.4 Grade 99%
  - 5.4.1 Definition, key trends, growth factors, and opportunities
  - 5.4.2 Market size analysis, by region, 2020-2027
  - 5.4.3 Market share analysis, by country, 2020-2027
- 5.5 Others
  - 5.5.1 Definition, key trends, growth factors, and opportunities
  - 5.5.2 Market size analysis, by region, 2020-2027
  - 5.5.3 Market share analysis, by country, 2020-2027
- 5.6 Research Dive Exclusive Insights
  - 5.6.1 Market attractiveness
  - 5.6.2 Competition heatmap
6. Formic Acid Market, By Type
- 6.1. Overview
- 6.2 Agriculture
  - 6.2.1 Definition, key trends, growth factors, and opportunities
  - 6.2.2 Market size analysis, by region, 2020-2027
  - 6.2.3 Market share analysis, by country, 2020-2027
- 6.3 Leather & Textile
  - 6.3.1 Definition, key trends, growth factors, and opportunities
  - 6.3.2 Market size analysis, by region, 2020-2027
  - 6.3.3 Market share analysis, by country, 2020-2027
- 6.4 Rubber
  - 6.4.1 Definition, key trends, growth factors, and opportunities
  - 6.4.2 Market size analysis, by region, 2020-2027
  - 6.4.3 Market share analysis, by country, 2020-2027
- 6.5 Chemical & Pharmaceutical
  - 6.5.1 Definition, key trends, growth factors, and opportunities
  - 6.5.2 Market size analysis, by region, 2020-2027
  - 6.5.3 Market share analysis, by country, 2020-2027
- 6.6 Others
  - 6.6.1 Definition, key trends, growth factors, and opportunities
  - 6.6.2 Market size analysis, by region, 2020-2027
  - 6.6.3 Market share analysis, by country, 2020-2027
- 6.7 Research Dive Exclusive Insights
  - 6.7.1 Market attractiveness
  - 6.7.2 Competition heatmap
7. Formic Acid Market, By Region
- 7.1 North America
  - 7.1.1 U.S
    - 7.1.1.1 Market size analysis, By Product, 2020-2027
    - 7.1.1.2 Market size analysis, By Type, 2020-2027
  - 7.1.2 Canada
    - 7.1.2.1 Market size analysis, By Product, 2020-2027
    - 7.1.2.2 Market size analysis, By Type, 2020-2027
  - 7.1.3 Mexico
    - 7.1.3.1 Market size analysis, By Product, 2020-2027
    - 7.1.3.2 Market size analysis, By Type, 2020-2027
  - 7.1.4 Research Dive Exclusive Insights
    - 7.1.4.1 Market attractiveness
    - 7.1.4.2 Competition heatmap
- 7.2 Europe
  - 7.2.1 Germany
    - 7.2.1.1 Market size analysis, By Product, 2020-2027
    - 7.2.1.2 Market size analysis, By Type, 2020-2027
  - 7.2.2 UK
    - 7.2.2.1 Market size analysis, By Product, 2020-2027
    - 7.2.2.2 Market size analysis, By Type, 2020-2027
  - 7.2.3 France
    - 7.2.3.1 Market size analysis, By Product, 2020-2027
    - 7.2.3.2 Market size analysis, By Type, 2020-2027
  - 7.2.4 Spain
    - 7.2.4.1 Market size analysis, By Product, 2020-2027
    - 7.2.4.2 Market size analysis, By Type, 2020-2027
  - 7.2.5 Italy
    - 7.2.5.1 Market size analysis, By Product, 2020-2027
    - 7.2.5.2 Market size analysis, By Type, 2020-2027
  - 7.2.6 Rest of Europe
    - 7.2.6.1 Market size analysis, By Product, 2020-2027
    - 7.2.6.2 Market size analysis, By Type, 2020-2027
  - 7.2.7 Research Dive Exclusive Insights
    - 7.2.7.1 Market attractiveness
    - 7.2.7.2 Competition heatmap
- 7.3 Asia-Pacific
  - 7.3.1 China
    - 7.3.1.1 Market size analysis, By Product, 2020-2027
    - 7.3.1.2 Market size analysis, By Type, 2020-2027
  - 7.3.2 Japan
    - 7.3.2.1 Market size analysis, By Product, 2020-2027
    - 7.3.2.2 Market size analysis, By Type, 2020-2027
  - 7.3.3 India
    - 7.3.3.1 Market size analysis, By Product, 2020-2027
    - 7.3.3.2 Market size analysis, By Type, 2020-2027
  - 7.3.4 Australia
    - 7.3.4.1 Market size analysis, By Product, 2020-2027
    - 7.3.4.2 Market size analysis, By Type, 2020-2027
  - 7.3.5 South Korea
    - 7.3.5.1 Market size analysis, By Product, 2020-2027
    - 7.3.5.2 Market size analysis, By Type, 2020-2027
  - 7.3.6 Rest of Asia-Pacific
    - 7.3.6.1 Market size analysis, By Product, 2020-2027
    - 7.3.6.2 Market size analysis, By Type, 2020-2027
  - 7.3.7 Research Dive Exclusive Insights
    - 7.3.7.1 Market attractiveness
    - 7.3.7.2 Competition heatmap
- 7.4 LAMEA
  - 7.4.1 Brazil
    - 7.4.1.1 Market size analysis, By Product, 2020-2027
    - 7.4.1.2 Market size analysis, By Type, 2020-2027
  - 7.4.2 Saudi Arabia
    - 7.4.2.1 Market size analysis, By Product, 2020-2027
    - 7.4.2.2 Market size analysis, By Type, 2020-2027
  - 7.4.3 UAE
    - 7.4.3.1 Market size analysis, By Product, 2020-2027
    - 7.4.3.2 Market size analysis, By Type, 2020-2027
  - 7.4.4 South Africa
    - 7.4.4.1 Market size analysis, By Product, 2020-2027
    - 7.4.4.2 Market size analysis, By Type, 2020-2027
  - 7.4.5 Rest of LAMEA
    - 7.4.5.1 Market size analysis, By Product, 2020-2027
    - 7.4.5.2 Market size analysis, By Type, 2020-2027
  - 7.4.6 Research Dive Exclusive Insights
    - 7.4.6.1 Market attractiveness
    - 7.4.6.2 Competition heatmap
8. Competitive Landscape
- 8.1 Top winning strategies, 2020-2027
  - 8.1.1 By strategy
  - 8.1.2 By year
- 8.2 Strategic overview
- 8.3 Market share analysis, 2020-2027
9. Company Profiles
- 9.1 BASF
  - 9.1.1 Overview
  - 9.1.2 Business segments
  - 9.1.3 Product portfolio
  - 9.1.4 Financial performance
  - 9.1.5 Recent developments
  - 9.1.6 SWOT analysis
- 9.2 Eastman Chemical
  - 9.2.1 Overview
  - 9.2.2 Business segments
  - 9.2.3 Product portfolio
  - 9.2.4 Financial performance
  - 9.2.5 Recent developments
  - 9.2.6 SWOT analysis
- 9.3 Gujarat Narmada Valley Fertilizers & Chemicals
  - 9.3.1 Overview
  - 9.3.2 Business segments
  - 9.3.3 Product portfolio
  - 9.3.4 Financial performance
  - 9.3.5 Recent developments
  - 9.3.6 SWOT analysis
- 9.4 Perstorp AB
  - 9.4.1 Overview
  - 9.4.2 Business segments
  - 9.4.3 Product portfolio
  - 9.4.4 Financial performance
  - 9.4.5 Recent developments
  - 9.4.6 SWOT analysis
- 9.5 Feicheng Acid Chemicals
  - 9.5.1 Overview
  - 9.5.2 Business segments
  - 9.5.3 Product portfolio
  - 9.5.4 Financial performance
  - 9.5.5 Recent developments
  - 9.5.6 SWOT analysis
- 9.6 Rashtriya Chemicals & Fertilizers
  - 9.6.1 Overview
  - 9.6.2 Business segments
  - 9.6.3 Product portfolio
  - 9.6.4 Financial performance
  - 9.6.5 Recent developments
  - 9.6.6 SWOT analysis
- 9.7 Taminco
  - 9.7.1 Overview
  - 9.7.2 Business segments
  - 9.7.3 Product portfolio
  - 9.7.4 Financial performance
  - 9.7.5 Recent developments
  - 9.7.6 SWOT analysis
- 9.8 Chongqing Chuandong Chemical
  - 9.8.1 Overview
  - 9.8.2 Business segments
  - 9.8.3 Product portfolio
  - 9.8.4 Financial performance
  - 9.8.5 Recent developments
  - 9.8.6 SWOT analysis
- 9.9 Company 9
  - 9.9.1 Overview
  - 9.9.2 Business segments
  - 9.9.3 Product portfolio
  - 9.9.4 Financial performance
  - 9.9.5 Recent developments
  - 9.9.6 SWOT analysis
- 9.10 Company 10
  - 9.10.1 Overview
  - 9.10.2 Business segments
  - 9.10.3 Product portfolio
  - 9.10.4 Financial performance
  - 9.10.5 Recent developments
  - 9.10.6 SWOT analysis

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Formic Acid Market Report

Formic Acid Market, by Type (Grade 85%, Grade 94%, Grade 99%, Others), Application (Agriculture, Leather & Textile, Rubber, Chemical & Pharmaceutical, Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

1. RESEARCH METHODOLOGY

1.1. Desk Research

1.2. Real time insights and validation

1.3. Forecast model

1.4. Assumptions and forecast parameters

1.5. Market size estimation

1.5.1. Top-down approach

1.5.2. Bottom-up approach

2. REPORT SCOPE

2.1. Market definition

2.2. Key objectives of the study

2.3. Report overview

2.4. Market segmentation

2.5. Overview of the impact of COVID-19 on Global Formic Acid Market

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

4.1. Introduction

4.2. Growth impact forces

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunities

4.3. Market value chain analysis

4.3.1. List of raw material suppliers

4.3.2. List of manufacturers

4.3.3. List of distributors

4.4. Innovation & sustainability matrices

4.4.1. Technology matrix

4.4.2. Regulatory matrix

4.5. Porter’s five forces analysis

4.5.1. Bargaining power of suppliers

4.5.2. Bargaining power of consumers

4.5.3. Threat of substitutes

4.5.4. Threat of new entrants

4.5.5. Competitive rivalry intensity

4.6. PESTLE analysis

4.6.1. Political

4.6.2. Economical

4.6.3. Social

4.6.4. Technological

4.6.5. Environmental

4.7. Impact of COVID-19 on Formic Acid Market

4.7.1. Pre-covid market scenario

4.7.2. Post-covid market scenario

5. Formic Acid Market, By Product

5.1. Overview

5.2 Grade 85%

5.2.1 Definition, key trends, growth factors, and opportunities

5.2.2 Market size analysis, by region, 2020-2027

5.2.3 Market share analysis, by country, 2020-2027

5.3 Grade 94%

5.3.1 Definition, key trends, growth factors, and opportunities

5.3.2 Market size analysis, by region, 2020-2027

5.3.3 Market share analysis, by country, 2020-2027

5.4 Grade 99%

5.4.1 Definition, key trends, growth factors, and opportunities

5.4.2 Market size analysis, by region, 2020-2027

5.4.3 Market share analysis, by country, 2020-2027

5.5 Others

5.5.1 Definition, key trends, growth factors, and opportunities

5.5.2 Market size analysis, by region, 2020-2027

5.5.3 Market share analysis, by country, 2020-2027

5.6 Research Dive Exclusive Insights

5.6.1 Market attractiveness

5.6.2 Competition heatmap

6. Formic Acid Market, By Type

6.1. Overview

6.2 Agriculture

6.2.1 Definition, key trends, growth factors, and opportunities

6.2.2 Market size analysis, by region, 2020-2027

6.2.3 Market share analysis, by country, 2020-2027

6.3 Leather & Textile

6.3.1 Definition, key trends, growth factors, and opportunities

6.3.2 Market size analysis, by region, 2020-2027

6.3.3 Market share analysis, by country, 2020-2027

6.4 Rubber

6.4.1 Definition, key trends, growth factors, and opportunities

6.4.2 Market size analysis, by region, 2020-2027

6.4.3 Market share analysis, by country, 2020-2027