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NEW YORK , Sept. 28, 2023 /PRNewswire/ -- The formic acid market is expected to grow by USD 485.04 million from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 4.88% during the forecast period, according to Technavio. Rising demand for formic acid as a preservative is notably driving the formic acid market. However, factors such as the Presence of cost-effective substitutes may impede the market growth. The market is segmented by distribution channel (offline and online), end-user (agriculture and animal feed, leather, textile, chemicals and pharmaceuticals, and others), and geography (APAC, North America , Europe , Middle East and Africa , and South America ). We provide a detailed analysis of 20 companies operating in the formic acid market including 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. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report. Butyl Acetate Uses
Formic Acid Market 2023-2027: Company Analysis
BASF SE - The company offers formic acid in Europe under the Protectol FM brand.
This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Formic Acid Market 2023-2027: Segmentation
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report
Formic Acid Market 2023-2027: Key Highlights
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Market Segmentation by Distribution Channel
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com
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