BANGALORE, India, July 15, 2021 /PRNewswire/ -- Formic Acid Market is Segmented by Type - Content 85%, Content 90%, Content 98%, Others, by Application - Agriculture, Leather and Textile, Rubber, Chemical and Pharmaceuticals, Other. It is published in Valuates Reports under Chemicals Industry Category.
The global Formic Acid Market size is projected to reach USD 313.8 million by 2026, from USD 290 million in 2019, at a CAGR of 4.5% during 2021-2026.
Major factors driving the growth of the formic Acid market are:
- Increasing use in the manufacturing of pesticide, leather, dyes, medicines, and rubber sectors is contributing to the formic acid market growth.
- The environmental acceptability of formic acid is expected to further boost the formic acid market size. Formic acid is considered to be a highly efficient organic acid with the noticeable difference from mineral acids being that formic acid evaporates without leaving any residue.
- Superior antibacterial properties further fuel the market growth of formic acid.
View Full Report: https://reports.valuates.com/reports/QYRE-Auto-11W621/global-formic-acid
TRENDS INFLUENCING THE GROWTH OF FORMIC ACID MARKET
The increased demand for formic acid in the food processing and pharmaceutical industries is a key factor projected to drive the global market for formic acid forward. In addition, formic acid's use in leather tanning, rubber manufacture, and food preservatives is expected to drive the formic acid market during the forecast period.
The formic acid market is predicted to expand due to the rising need for preservatives and feed additives, as well as rising meat and poultry consumption. Formic acid is a commercial animal feed additive that is used to acidify the animal's diet. In cattle feed, formic acid is utilized as an antibacterial agent and a preservative as well.
Inquire For Sample PDF: https://reports.valuates.com/request/sample/QYRE-Auto-11W621/Global_Formic_Acid_Market
FORMIC ACID MARKET SHARE ANALYSIS
Based on application, agriculture is expected to be the most lucrative segment during the forecast period. A large amount of commercially produced formic acid is used in agriculture. Formic acid is being employed as both an antibacterial preservative and a pesticide due to its natural antibacterial properties. This chemical is most commonly used as a food preservative in the agriculture industry.
Based on region, Asia-Pacific is expected to be the most lucrative during the forecast period.
Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-11W621/Global_Formic_Acid_Market
Segment by Type
- Content 85%
- Content 90%
- Content 98%
- Others
Segment by Application
- Agriculture
- Leather and Textile
- Rubber
- Chemical and Pharmaceuticals
- Other
BY COMPANY
- BASF
- Eastman
- Perstorp
- Rashtriya Chemicals and Fertilizers
- Gujarat Narmada Valley Fertilizers & Chemicals
- LUXI
- Feicheng Acid
- Chongqing Chuandong Chemical
- Shijiazhuang Taihe Chemical
Production by Region
- Europe
- China
- India
- US
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-11W621/Global_Formic_Acid_Market
Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Auto-11W621/Global_Formic_Acid_Market
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-11W621&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-11W621&lic=enterprise-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS :
-Global Industrial Formic Acid Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Industrial Formic Acid, Product-Type: Pharmaceutical Grade, Industrial Grade, Application: Agriculture/Animal Feed Industry, Leather Industry, Rubber Industry, Chemicals/Pharmaceuticals Industry, Textile Industry, Other,
-Formic Acid Hydrazide Market helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Segment by Type the Formic Acid Hydrazide market is segmented into Product-Type: . 98, . 99, Others, Application: Chemical Reagents, Pharmaceutical Intermediates, Others, Region: Global
-Global Polyethylene Naphthalate Two Formic Acid Glycol Ester (PEN) Sales Market Report 2021
-Global Organic Acid Products Sales Market Report 2021
-Global Feed Preservatives Sales Market Report 2021
-Global Folic Acid Market Insights and Forecast to 2027
-Global Organic Acids in Animal Nutrition Sales Market Report 2021
-Global Methanamide Sales Market Report 2021
-Global Pyroligneous Acid Market Insights and Forecast to 2027
-Global Feed Acidity Regulator Sales Market Report 2021
-Global Bio-Based Organic Acids Sales Market Report 2021
Click Here To See Related Reports On Formic Acid
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
