Formic Acid Market Revenue and Value Chain 2014 - 2020
Formic acid, also known as methanoic acid is a vital intermediate in chemical synthesis, occurring naturally, mostly in ant venom. It belongs to the group of carboxylic acids having a colorless appearance and a highly pungent odor, and is soluble in various alcohols, acetones and ethers. The applications majorly require formic acid in concentrations of 99%, 94%, 90%, and 85%., with 85% being the industry standard acid. A large amount of formic acid is produced as a byproduct in the manufacturing of other chemicals such as acetic acid and hydrogenation of carbon dioxide. Formic acid is widely used as a silage and animal feed preservative, antibacterial agent in livestock feed, production of leather, pharmaceutical, rubber chemical, and as a substitute to mineral acids in various cleaning products. It is also used to regulate the pH of various chemical processes.Request For Report Sample: https://www.persistencemarketresearch.com/samples/3366
The global market for formic acid has been witnessing a noticeable growth on account of growing demand for preservatives and feed additives. Improving living standards internationally has resulted in the growing consumption of meat thereby boosting the demand for formic acid in animal feeds and silage preservatives. Europe accounts for the largest market for formic acid since the banning of antibiotic growth promoters by the European Union in 2006. The market for formic acid in other regions such as Middle East, South America and Central America has also been well-established in tanning and leather applications. In addition, presence of significant textiles and natural rubber industries in Southeast Asia has made the formic acid industry lucrative in the region.
Formic acid is one of the basic organic chemical raw materials widely used in rubbers, pharmaceuticals, dyes, leather and pesticides. The high quality nature of formic acid coupled with the global environmental acceptability is one of the major influencing factors creating an upsurge in the demand in the industry. Moreover, the upcoming safety regulations for the production of formic acid is also anticipated to be one of the key influencing factors for the growth of formic acid with an increased emphasis on different types of products and their respective applications.
Increasing demand for formic acid in animal feed additives and silage preservatives is expected to be one of major growth factors driving the formic acid market. Moreover, growing textile, leather and rubber industries in emerging economies such as China and India is also anticipated to contribute towards the growing demand for formic acid. Moreover, the ban of antibiotics as a growth promoter in Europe in 2006 has led to an increased demand for formic acid as a substitute. However, fluctuating weather conditions are expected to negatively affect the production of certain application industries such as silage preservative and animal feed additives, which in turn is expected to result in declining demand for formic acid. Focus on research and development activities for the development of innovative products is expected to provide new opportunities for the growth of the market.
Request For Report Table of Content (TOC): https://www.persistencemarketresearch.com/toc/3366
Chongqing Chuandong Chemical (Group) Co. Ltd., BASF SE, Alfa Aesar, Perstorp AB, Helm Italia S.R.L, Gujarat Narmada Valley Fertilizers Co. Ltd., Feicheng Acid Chemicals Co. Ltd., Shanxiyuanping Chemicals Co. Ltd., Samsung Fine Chemicals Co. Ltd., and Taminco Corporation are some of the key formic acid manufactures dominating the market.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
CONTACT:
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
T: +1-646-568-7751
Tollfree: +1 800-961-0353
Website: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Formic Acid Market Revenue and Value Chain 2014 - 2020 here
News-ID: 860947 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for Chemical
Phosphorus Pentachloride market Key Players| Xuzhou Weiruipu Chemical, Xuzhou Ho …
A Comprehensive research study conducted by KD Market Insights on " Phosphorus Pentachloride (CAS 10026-13-8) Market - By Product Type (Qualified: content?98.0%, First grade: content?99.0%, High class products: content?99.5%), By Application (Pharmaceutical Industry, Dye Industry, Chemical Industry, Other) & Global Region Market Size, Share, Trends and Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Phosphorus Pentachloride market report includes market size, growth drivers,…
Global 4-Hydroxybenzaldehyde Market 2019 - Jiaxing Jinhe Chemical, Suzhou Inter- …
4-Hydroxybenzaldehyde is an important fine chemical product and intermediate for organic synthesis, with wide use in pharmaceutical, aromatizer, pesticide, electroplating and liquid crystal industries.
4-Hydroxybenzaldehyde is a white or pale yellow crystalline powder, which is mainly made from para-cresol.
Applications of 4-hydroxybenzaldehyde include Pharmaceutical, Aromatizer, Pesticide, Electronic and so on. Among those applications, Aromatizer accounts for the largest market share, which was about 65.60% in 2016.
The 4-hydroxybenzaldehyde industry is highly concentrated…
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
SQM
Hualong Ammonium Nitrate
XuHang Chemical
FuYuan Chemical
LuGuang Chemical
YuanHua Chemical
XinHao Chemical
FengYuan Chemical
Longsheng
Jiaocheng Zhongyuan Chemical
Jiaocheng MingXing Chemical
Huaertai Chemical
To Download Sample Report With TOC: https://www.qyresearchreports.com/sample/sample.php?rep_id=1649032&type=S
On the basis of product, this report displays the production, revenue,…
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027.
Introduction:
Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on…
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market…
Zinc Sulphate Market Key Profile- Lantian Chemical, LiHong Chemical, Rech Chemic …
Global Zinc Sulphate Market: Overview
Zinc sulphate is an inorganic compound which is colorless, water soluble powder and crystalline and having a chemical formula of ZnSO4. Zinc Sulphate comes from zinc which is a naturally occurring mineral from the earth surface, food and water and it is mostly recognized for the growth and development of human health issues. Zinc Sulphate is typically used in healthcare industries in the treatment of zinc…