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Formic Acid Market 2024-2028

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    Report

  • 178 Pages
  • May 2024
  • Region: Global
  • TechNavio
  • ID: 5359083
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The formic acid market is forecasted to grow by USD 543.9 million during 2023-2028, accelerating at a CAGR of 5.2% during the forecast period. The report on the formic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for formic acid as a preservative, silage preservation and ban on antibiotics bolstering market demand, and rising demand for natural rubber.

The formic acid market is segmented as below:

By Distribution Channel

  • Offline
  • Online

By End-user

  • Agriculture and animal feed
  • Leather
  • Textile
  • Chemicals and pharmaceuticals
  • Others

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the direct syntheses of formic acid in acidic media as one of the prime reasons driving the formic acid market growth during the next few years. Also, new applications of formic acid backed by innovations and establishment of new plants for increasing raw material production will lead to sizable demand in the market.

The report on the formic acid market covers the following areas:

  • Formic acid market sizing
  • Formic acid market forecast
  • Formic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading formic acid market vendors that include BASF SE, Eastman Chemical Co., GNFC Ltd., Joshi Agrochem Pharma Pvt. Ltd., Kakdiya Chemicals, Kemira Oyj, Luxi Chemical Group Co. Ltd., Merck KGaA, MERU CHEM PVT. LTD., NuGenTec, PETRONAS Chemicals Group Berhad, Pon Pure Chemicals Group, ProChem Inc., RXChemicals, Shandong Acid Technology Co. Ltd., Shandong Jiuan Chemical Industry Co. Ltd., Shijiazhuang Taihe Chemical Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., and Vizag Chemical International. Also, the formic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Formic Acid Market 2018 - 2022
Historic Market Size - Data Table on Global Formic Acid Market 2018 - 2022 ($ million)
4.2 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
6.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
Chart on Offline - Market size and forecast 2023-2028 ($ million)
Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Chart on Offline - Year-over-year growth 2023-2028 (%)
Data Table on Offline - Year-over-year growth 2023-2028 (%)
6.4 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ million)
Data Table on Online - Market size and forecast 2023-2028 ($ million)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ million)
Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Agriculture and animal feed - Market size and forecast 2023-2028
Chart on Agriculture and animal feed - Market size and forecast 2023-2028 ($ million)
Data Table on Agriculture and animal feed - Market size and forecast 2023-2028 ($ million)
Chart on Agriculture and animal feed - Year-over-year growth 2023-2028 (%)
Data Table on Agriculture and animal feed - Year-over-year growth 2023-2028 (%)
7.4 Leather - Market size and forecast 2023-2028
Chart on Leather - Market size and forecast 2023-2028 ($ million)
Data Table on Leather - Market size and forecast 2023-2028 ($ million)
Chart on Leather - Year-over-year growth 2023-2028 (%)
Data Table on Leather - Year-over-year growth 2023-2028 (%)
7.5 Textile - Market size and forecast 2023-2028
Chart on Textile - Market size and forecast 2023-2028 ($ million)
Data Table on Textile - Market size and forecast 2023-2028 ($ million)
Chart on Textile - Year-over-year growth 2023-2028 (%)
Data Table on Textile - Year-over-year growth 2023-2028 (%)
7.6 Chemicals and pharmaceuticals - Market size and forecast 2023-2028
Chart on Chemicals and pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Data Table on Chemicals and pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Chart on Chemicals and pharmaceuticals - Year-over-year growth 2023-2028 (%)
Data Table on Chemicals and pharmaceuticals - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Chart on Canada - Market size and forecast 2023-2028 ($ million)
Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Chart on Canada - Year-over-year growth 2023-2028 (%)
Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints
11 Competitive Landscape
11.1 Overview
11.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
Overview on factors of disruption
11.4 Industry risks
Impact of key risks on business
12 Competitive Analysis
12.1 Companies profiled
Companies covered
12.2 Market positioning of companies
Matrix on companies position and classification
12.3 BASF SE
BASF SE - Overview
BASF SE - Business segments
BASF SE - Key news
BASF SE - Key offerings
BASF SE - Segment focus
12.4 Eastman Chemical Co.
Eastman Chemical Co. - Overview
Eastman Chemical Co. - Business segments
Eastman Chemical Co. - Key offerings
Eastman Chemical Co. - Segment focus
12.5 GNFC Ltd.
GNFC Ltd. - Overview
GNFC Ltd. - Business segments
GNFC Ltd. - Key offerings
GNFC Ltd. - Segment focus
12.6 Kemira Oyj
Kemira Oyj - Overview
Kemira Oyj - Business segments
Kemira Oyj - Key offerings
Kemira Oyj - Segment focus
12.7 Luxi Chemical Group Co. Ltd.
Luxi Chemical Group Co. Ltd. - Overview
Luxi Chemical Group Co. Ltd. - Product / Service
Luxi Chemical Group Co. Ltd. - Key offerings
12.8 Merck KGaA
Merck KGaA - Overview
Merck KGaA - Business segments
Merck KGaA - Key news
Merck KGaA - Key offerings
Merck KGaA - Segment focus
12.9 NuGenTec
NuGenTec - Overview
NuGenTec - Product / Service
NuGenTec - Key offerings
12.10 PETRONAS Chemicals Group Berhad
PETRONAS Chemicals Group Berhad - Overview
PETRONAS Chemicals Group Berhad - Business segments
PETRONAS Chemicals Group Berhad - Key offerings
PETRONAS Chemicals Group Berhad - Segment focus
12.11 Pon Pure Chemicals Group
Pon Pure Chemicals Group - Overview
Pon Pure Chemicals Group - Product / Service
Pon Pure Chemicals Group - Key offerings
12.12 ProChem Inc.
ProChem Inc. - Overview
ProChem Inc. - Product / Service
ProChem Inc. - Key offerings
12.13 RXChemicals
RXChemicals - Overview
RXChemicals - Product / Service
RXChemicals - Key offerings
12.14 Shandong Acid Technology Co. Ltd.
Shandong Acid Technology Co. Ltd. - Overview
Shandong Acid Technology Co. Ltd. - Product / Service
Shandong Acid Technology Co. Ltd. - Key offerings
12.15 Shijiazhuang Taihe Chemical Co. Ltd.
Shijiazhuang Taihe Chemical Co. Ltd. - Overview
Shijiazhuang Taihe Chemical Co. Ltd. - Product / Service
Shijiazhuang Taihe Chemical Co. Ltd. - Key offerings
12.16 Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. - Overview
Thermo Fisher Scientific Inc. - Business segments
Thermo Fisher Scientific Inc. - Key news
Thermo Fisher Scientific Inc. - Key offerings
Thermo Fisher Scientific Inc. - Segment focus
12.17 Tokyo Chemical Industry Co. Ltd.
Tokyo Chemical Industry Co. Ltd. - Overview
Tokyo Chemical Industry Co. Ltd. - Product / Service
Tokyo Chemical Industry Co. Ltd. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
13.3 Currency conversion rates for US$
Currency conversion rates for US$
13.4 Research methodology
Research methodology
13.5 Data procurement
Information sources
13.6 Data validation
Data validation
13.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
13.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
13.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Parent Market
Exhibits 11: Data Table on - Parent Market
Exhibits 12: Market characteristics analysis
Exhibits 13: Value Chain Analysis
Exhibits 14: Offerings of companies included in the market definition
Exhibits 15: Market segments
Exhibits 16: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 20: Historic Market Size - Data Table on Global Formic Acid Market 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 25: Five forces analysis - Comparison between 2023 and 2028
Exhibits 26: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 27: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 31: Chart on Market condition - Five forces 2023 and 2028
Exhibits 32: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 33: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 34: Chart on Comparison by Distribution Channel
Exhibits 35: Data Table on Comparison by Distribution Channel
Exhibits 36: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 39: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 40: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 43: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 44: Market opportunity by Distribution Channel ($ million)
Exhibits 45: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 46: Chart on End-user - Market share 2023-2028 (%)
Exhibits 47: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 48: Chart on Comparison by End-user
Exhibits 49: Data Table on Comparison by End-user
Exhibits 50: Chart on Agriculture and animal feed - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Data Table on Agriculture and animal feed - Market size and forecast 2023-2028 ($ million)
Exhibits 52: Chart on Agriculture and animal feed - Year-over-year growth 2023-2028 (%)
Exhibits 53: Data Table on Agriculture and animal feed - Year-over-year growth 2023-2028 (%)
Exhibits 54: Chart on Leather - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Data Table on Leather - Market size and forecast 2023-2028 ($ million)
Exhibits 56: Chart on Leather - Year-over-year growth 2023-2028 (%)
Exhibits 57: Data Table on Leather - Year-over-year growth 2023-2028 (%)
Exhibits 58: Chart on Textile - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Data Table on Textile - Market size and forecast 2023-2028 ($ million)
Exhibits 60: Chart on Textile - Year-over-year growth 2023-2028 (%)
Exhibits 61: Data Table on Textile - Year-over-year growth 2023-2028 (%)
Exhibits 62: Chart on Chemicals and pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Data Table on Chemicals and pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Exhibits 64: Chart on Chemicals and pharmaceuticals - Year-over-year growth 2023-2028 (%)
Exhibits 65: Data Table on Chemicals and pharmaceuticals - Year-over-year growth 2023-2028 (%)
Exhibits 66: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 68: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 69: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 70: Market opportunity by End-user ($ million)
Exhibits 71: Data Table on Market opportunity by End-user ($ million)
Exhibits 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 73: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 74: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 75: Chart on Geographic comparison
Exhibits 76: Data Table on Geographic comparison
Exhibits 77: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 90: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 91: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 93: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 94: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 95: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 96: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 97: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 98: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 99: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 100: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 101: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 102: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 103: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 104: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 105: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 106: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 107: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 108: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 109: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 110: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 111: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 112: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 113: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 114: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 115: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 116: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 117: Market opportunity By Geographical Landscape ($ million)
Exhibits 118: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 119: Impact of drivers and challenges in 2023 and 2028
Exhibits 120: Overview on criticality of inputs and factors of differentiation
Exhibits 121: Overview on factors of disruption
Exhibits 122: Impact of key risks on business
Exhibits 123: Companies covered
Exhibits 124: Matrix on companies position and classification
Exhibits 125: BASF SE - Overview
Exhibits 126: BASF SE - Business segments
Exhibits 127: BASF SE - Key news
Exhibits 128: BASF SE - Key offerings
Exhibits 129: BASF SE - Segment focus
Exhibits 130: Eastman Chemical Co. - Overview
Exhibits 131: Eastman Chemical Co. - Business segments
Exhibits 132: Eastman Chemical Co. - Key offerings
Exhibits 133: Eastman Chemical Co. - Segment focus
Exhibits 134: GNFC Ltd. - Overview
Exhibits 135: GNFC Ltd. - Business segments
Exhibits 136: GNFC Ltd. - Key offerings
Exhibits 137: GNFC Ltd. - Segment focus
Exhibits 138: Kemira Oyj - Overview
Exhibits 139: Kemira Oyj - Business segments
Exhibits 140: Kemira Oyj - Key offerings
Exhibits 141: Kemira Oyj - Segment focus
Exhibits 142: Luxi Chemical Group Co. Ltd. - Overview
Exhibits 143: Luxi Chemical Group Co. Ltd. - Product / Service
Exhibits 144: Luxi Chemical Group Co. Ltd. - Key offerings
Exhibits 145: Merck KGaA - Overview
Exhibits 146: Merck KGaA - Business segments
Exhibits 147: Merck KGaA - Key news
Exhibits 148: Merck KGaA - Key offerings
Exhibits 149: Merck KGaA - Segment focus
Exhibits 150: NuGenTec - Overview
Exhibits 151: NuGenTec - Product / Service
Exhibits 152: NuGenTec - Key offerings
Exhibits 153: PETRONAS Chemicals Group Berhad - Overview
Exhibits 154: PETRONAS Chemicals Group Berhad - Business segments
Exhibits 155: PETRONAS Chemicals Group Berhad - Key offerings
Exhibits 156: PETRONAS Chemicals Group Berhad - Segment focus
Exhibits 157: Pon Pure Chemicals Group - Overview
Exhibits 158: Pon Pure Chemicals Group - Product / Service
Exhibits 159: Pon Pure Chemicals Group - Key offerings
Exhibits 160: ProChem Inc. - Overview
Exhibits 161: ProChem Inc. - Product / Service
Exhibits 162: ProChem Inc. - Key offerings
Exhibits 163: RXChemicals - Overview
Exhibits 164: RXChemicals - Product / Service
Exhibits 165: RXChemicals - Key offerings
Exhibits 166: Shandong Acid Technology Co. Ltd. - Overview
Exhibits 167: Shandong Acid Technology Co. Ltd. - Product / Service
Exhibits 168: Shandong Acid Technology Co. Ltd. - Key offerings
Exhibits 169: Shijiazhuang Taihe Chemical Co. Ltd. - Overview
Exhibits 170: Shijiazhuang Taihe Chemical Co. Ltd. - Product / Service
Exhibits 171: Shijiazhuang Taihe Chemical Co. Ltd. - Key offerings
Exhibits 172: Thermo Fisher Scientific Inc. - Overview
Exhibits 173: Thermo Fisher Scientific Inc. - Business segments
Exhibits 174: Thermo Fisher Scientific Inc. - Key news
Exhibits 175: Thermo Fisher Scientific Inc. - Key offerings
Exhibits 176: Thermo Fisher Scientific Inc. - Segment focus
Exhibits 177: Tokyo Chemical Industry Co. Ltd. - Overview
Exhibits 178: Tokyo Chemical Industry Co. Ltd. - Product / Service
Exhibits 179: Tokyo Chemical Industry Co. Ltd. - Key offerings
Exhibits 180: Inclusions checklist
Exhibits 181: Exclusions checklist
Exhibits 182: Currency conversion rates for US$
Exhibits 183: Research methodology
Exhibits 184: Information sources
Exhibits 185: Data validation
Exhibits 186: Validation techniques employed for market sizing
Exhibits 187: Data synthesis
Exhibits 188: 360 degree market analysis
Exhibits 189: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global formic acid market: BASF SE, Eastman Chemical Co., GNFC Ltd., Joshi Agrochem Pharma Pvt. Ltd., Kakdiya Chemicals, Kemira Oyj, Luxi Chemical Group Co. Ltd., Merck KGaA, MERU CHEM PVT. LTD., NuGenTec, PETRONAS Chemicals Group Berhad, Pon Pure Chemicals Group, ProChem Inc., RXChemicals, Shandong Acid Technology Co. Ltd., Shandong Jiuan Chemical Industry Co. Ltd., Shijiazhuang Taihe Chemical Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., and Vizag Chemical International.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is direct syntheses of formic acid in acidic media."

According to the report, one of the major drivers for this market is the rising demand for formic acid as a preservative.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • Eastman Chemical Co.
  • GNFC Ltd.
  • Joshi Agrochem Pharma Pvt. Ltd.
  • Kakdiya Chemicals
  • Kemira Oyj
  • Luxi Chemical Group Co. Ltd.
  • Merck KGaA
  • MERU CHEM PVT. LTD.
  • NuGenTec
  • PETRONAS Chemicals Group Berhad
  • Pon Pure Chemicals Group
  • ProChem Inc.
  • RXChemicals
  • Shandong Acid Technology Co. Ltd.
  • Shandong Jiuan Chemical Industry Co. Ltd.
  • Shijiazhuang Taihe Chemical Co. Ltd.
  • Thermo Fisher Scientific Inc.
  • Tokyo Chemical Industry Co. Ltd.
  • Vizag Chemical International