Global Formic Acid Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

  • receipt Report ID : 181335
  • calendar_today Published On: Jul, 2019
  • file_copy Pages: 117
  • list Chemicals and Materials

Formic acid (also called methanoic acid) is a colorless liquid with a sharp odor. It is also the simplest carboxylic acid. The chemical formula is HCOOH or HCO2H. Formic acid is an environmentally acceptable and highly efficient organic acid.

Scope of the Report:

Globally, the global production was 1015 K MT in 2016 and it will reach 1217 K MT in 2022. In addition, the production regions of formic acid are mainly located in China, US, EU and India. China was the leader production regions, which achieved about 48% volume market share in 2016. In 2015, BASF bullied the first plant of formic acid in Geismar, Louisiana. It is the only formic acid production plant in USA.

As for the region consumption, China remained the largest market for formic acid in the world, with 34% market share consumption in 2016. Other major consuming regions include EU and US, which account for 29 % and 4% respectively. At present, the methyl formate hydrolysis technology is mainly adopted for producing formic acid and accounted for 81.59% in 2015.

The downstream demand of formic acid is rigidity. Major applications include silage and animal feed preservation, leather and tanning, textiles, formate salts, pharmaceuticals/food chemicals, rubber chemicals (antiozonants and coagulants), catalysts and plasticizers.In 2016, the largest use, accounting for about 42% of global demand, is in Leather & Textile. Other major uses are 27% in agriculture.

The worldwide market for Formic Acid is expected to grow at a CAGR of roughly 1.2% over the next five years, will reach 828.1 million US$ in 2024, from 778.4 million US$ in 2019.

This report focuses on the Formic Acid in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers

BASF

LUXI

Eastan

Rashtriya Chemicals and Fertilizers

Tianyuan Group

Gujarat Narmada Valley Fertilizers & Chemicals

Feicheng Acid

Perstorp

Wuhan Ruisunny Chemical

Shandong Rongyue Chemical

Chongqing Chuandong Chemical

Huaqiang Chemical

Shanxi Yuanping Chemicals

Shandong Baoyuan Chemical

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

0.85

0.98

Others

Market Segment by Applications, can be divided into

Agriculture

Leather and Textile

Rubber

Chemical and Pharmaceuticals

Other

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Formic Acid product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Formic Acid, with price, sales, revenue and global market share of Formic Acid in 2017 and 2018.

Chapter 3, the Formic Acid competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Formic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.

Chapter 12, Formic Acid market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.

Chapter 13, 14 and 15, to describe Formic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Frequently Asked Questions

The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.

Market is segmented on the basis:

  • By Type
  • By Application
  • By Region
  • By Country
  • By Manufacturer

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.

Table of Contents

1 Market Overview

1.1 Formic Acid Introduction

1.2 Market Analysis by Type

1.2.1 0.85

1.2.2 0.98

1.2.3 Others

1.3 Market Analysis by Applications

1.3.1 Agriculture

1.3.2 Leather and Textile

1.3.3 Rubber

1.3.4 Chemical and Pharmaceuticals

1.3.5 Other

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2014-2024)

1.4.1.2 Canada Market States and Outlook (2014-2024)

1.4.1.3 Mexico Market States and Outlook (2014-2024)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2014-2024)

1.4.2.2 France Market States and Outlook (2014-2024)

1.4.2.3 UK Market States and Outlook (2014-2024)

1.4.2.4 Russia Market States and Outlook (2014-2024)

1.4.2.5 Italy Market States and Outlook (2014-2024)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2014-2024)

1.4.3.2 Japan Market States and Outlook (2014-2024)

1.4.3.3 Korea Market States and Outlook (2014-2024)

1.4.3.4 India Market States and Outlook (2014-2024)

1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2014-2024)

1.4.4.2 Egypt Market States and Outlook (2014-2024)

1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)

1.4.4.4 South Africa Market States and Outlook (2014-2024)

1.4.4.5 Turkey Market States and Outlook (2014-2024)

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

2.1 BASF

2.1.1 Business Overview

2.1.2 Formic Acid Type and Applications

2.1.2.1 Product A

2.1.2.2 Product B

2.1.3 BASF Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.2 LUXI

2.2.1 Business Overview

2.2.2 Formic Acid Type and Applications

2.2.2.1 Product A

2.2.2.2 Product B

2.2.3 LUXI Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.3 Eastan

2.3.1 Business Overview

2.3.2 Formic Acid Type and Applications

2.3.2.1 Product A

2.3.2.2 Product B

2.3.3 Eastan Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.4 Rashtriya Chemicals and Fertilizers

2.4.1 Business Overview

2.4.2 Formic Acid Type and Applications

2.4.2.1 Product A

2.4.2.2 Product B

2.4.3 Rashtriya Chemicals and Fertilizers Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.5 Tianyuan Group

2.5.1 Business Overview

2.5.2 Formic Acid Type and Applications

2.5.2.1 Product A

2.5.2.2 Product B

2.5.3 Tianyuan Group Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.6 Gujarat Narmada Valley Fertilizers & Chemicals

2.6.1 Business Overview

2.6.2 Formic Acid Type and Applications

2.6.2.1 Product A

2.6.2.2 Product B

2.6.3 Gujarat Narmada Valley Fertilizers & Chemicals Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.7 Feicheng Acid

2.7.1 Business Overview

2.7.2 Formic Acid Type and Applications

2.7.2.1 Product A

2.7.2.2 Product B

2.7.3 Feicheng Acid Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.8 Perstorp

2.8.1 Business Overview

2.8.2 Formic Acid Type and Applications

2.8.2.1 Product A

2.8.2.2 Product B

2.8.3 Perstorp Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.9 Wuhan Ruisunny Chemical

2.9.1 Business Overview

2.9.2 Formic Acid Type and Applications

2.9.2.1 Product A

2.9.2.2 Product B

2.9.3 Wuhan Ruisunny Chemical Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.10 Shandong Rongyue Chemical

2.10.1 Business Overview

2.10.2 Formic Acid Type and Applications

2.10.2.1 Product A

2.10.2.2 Product B

2.10.3 Shandong Rongyue Chemical Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.11 Chongqing Chuandong Chemical

2.11.1 Business Overview

2.11.2 Formic Acid Type and Applications

2.11.2.1 Product A

2.11.2.2 Product B

2.11.3 Chongqing Chuandong Chemical Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.12 Huaqiang Chemical

2.12.1 Business Overview

2.12.2 Formic Acid Type and Applications

2.12.2.1 Product A

2.12.2.2 Product B

2.12.3 Huaqiang Chemical Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.13 Shanxi Yuanping Chemicals

2.13.1 Business Overview

2.13.2 Formic Acid Type and Applications

2.13.2.1 Product A

2.13.2.2 Product B

2.13.3 Shanxi Yuanping Chemicals Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.14 Shandong Baoyuan Chemical

2.14.1 Business Overview

2.14.2 Formic Acid Type and Applications

2.14.2.1 Product A

2.14.2.2 Product B

2.14.3 Shandong Baoyuan Chemical Formic Acid Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

3 Global Formic Acid Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)

3.1 Global Formic Acid Sales and Market Share by Manufacturer (2017-2018)

3.2 Global Formic Acid Revenue and Market Share by Manufacturer (2017-2018)

3.3 Market Concentration Rate

3.3.1 Top 3 Formic Acid Manufacturer Market Share in 2018

3.3.2 Top 6 Formic Acid Manufacturer Market Share in 2018

3.4 Market Competition Trend

4 Global Formic Acid Market Analysis by Regions

4.1 Global Formic Acid Sales, Revenue and Market Share by Regions

4.1.1 Global Formic Acid Sales and Market Share by Regions (2014-2019)

4.1.2 Global Formic Acid Revenue and Market Share by Regions (2014-2019)

4.2 North America Formic Acid Sales and Growth Rate (2014-2019)

4.3 Europe Formic Acid Sales and Growth Rate (2014-2019)

4.4 Asia-Pacific Formic Acid Sales and Growth Rate (2014-2019)

4.5 South America Formic Acid Sales and Growth Rate (2014-2019)

4.6 Middle East and Africa Formic Acid Sales and Growth Rate (2014-2019)

5 North America Formic Acid by Country

5.1 North America Formic Acid Sales, Revenue and Market Share by Country

5.1.1 North America Formic Acid Sales and Market Share by Country (2014-2019)

5.1.2 North America Formic Acid Revenue and Market Share by Country (2014-2019)

5.2 United States Formic Acid Sales and Growth Rate (2014-2019)

5.3 Canada Formic Acid Sales and Growth Rate (2014-2019)

5.4 Mexico Formic Acid Sales and Growth Rate (2014-2019)

6 Europe Formic Acid by Country

6.1 Europe Formic Acid Sales, Revenue and Market Share by Country

6.1.1 Europe Formic Acid Sales and Market Share by Country (2014-2019)

6.1.2 Europe Formic Acid Revenue and Market Share by Country (2014-2019)

6.2 Germany Formic Acid Sales and Growth Rate (2014-2019)

6.3 UK Formic Acid Sales and Growth Rate (2014-2019)

6.4 France Formic Acid Sales and Growth Rate (2014-2019)

6.5 Russia Formic Acid Sales and Growth Rate (2014-2019)

6.6 Italy Formic Acid Sales and Growth Rate (2014-2019)

7 Asia-Pacific Formic Acid by Country

7.1 Asia-Pacific Formic Acid Sales, Revenue and Market Share by Country

7.1.1 Asia-Pacific Formic Acid Sales and Market Share by Country (2014-2019)

7.1.2 Asia-Pacific Formic Acid Revenue and Market Share by Country (2014-2019)

7.2 China Formic Acid Sales and Growth Rate (2014-2019)

7.3 Japan Formic Acid Sales and Growth Rate (2014-2019)

7.4 Korea Formic Acid Sales and Growth Rate (2014-2019)

7.5 India Formic Acid Sales and Growth Rate (2014-2019)

7.6 Southeast Asia Formic Acid Sales and Growth Rate (2014-2019)

8 South America Formic Acid by Country

8.1 South America Formic Acid Sales, Revenue and Market Share by Country

8.1.1 South America Formic Acid Sales and Market Share by Country (2014-2019)

8.1.2 South America Formic Acid Revenue and Market Share by Country (2014-2019)

8.2 Brazil Formic Acid Sales and Growth Rate (2014-2019)

8.3 Argentina Formic Acid Sales and Growth Rate (2014-2019)

8.4 Colombia Formic Acid Sales and Growth Rate (2014-2019)

9 Middle East and Africa Formic Acid by Countries

9.1 Middle East and Africa Formic Acid Sales, Revenue and Market Share by Country

9.1.1 Middle East and Africa Formic Acid Sales and Market Share by Country (2014-2019)

9.1.2 Middle East and Africa Formic Acid Revenue and Market Share by Country (2014-2019)

9.2 Saudi Arabia Formic Acid Sales and Growth Rate (2014-2019)

9.3 Turkey Formic Acid Sales and Growth Rate (2014-2019)

9.4 Egypt Formic Acid Sales and Growth Rate (2014-2019)

9.5 Nigeria Formic Acid Sales and Growth Rate (2014-2019)

9.6 South Africa Formic Acid Sales and Growth Rate (2014-2019)

10 Global Formic Acid Market Segment by Type

10.1 Global Formic Acid Sales, Revenue and Market Share by Type (2014-2019)

10.1.1 Global Formic Acid Sales and Market Share by Type (2014-2019)

10.1.2 Global Formic Acid Revenue and Market Share by Type (2014-2019)

10.2 0.85 Sales Growth and Price

10.2.1 Global 0.85 Sales Growth (2014-2019)

10.2.2 Global 0.85 Price (2014-2019)

10.3 0.98 Sales Growth and Price

10.3.1 Global 0.98 Sales Growth (2014-2019)

10.3.2 Global 0.98 Price (2014-2019)

10.4 Others Sales Growth and Price

10.4.1 Global Others Sales Growth (2014-2019)

10.4.2 Global Others Price (2014-2019)

11 Global Formic Acid Market Segment by Application

11.1 Global Formic Acid Sales Market Share by Application (2014-2019)

11.2 Agriculture Sales Growth (2014-2019)

11.3 Leather and Textile Sales Growth (2014-2019)

11.4 Rubber Sales Growth (2014-2019)

11.5 Chemical and Pharmaceuticals Sales Growth (2014-2019)

11.6 Other Sales Growth (2014-2019)

12 Formic Acid Market Forecast (2019-2024)

12.1 Global Formic Acid Sales, Revenue and Growth Rate (2019-2024)

12.2 Formic Acid Market Forecast by Regions (2019-2024)

12.2.1 North America Formic Acid Market Forecast (2019-2024)

12.2.2 Europe Formic Acid Market Forecast (2019-2024)

12.2.3 Asia-Pacific Formic Acid Market Forecast (2019-2024)

12.2.4 South America Formic Acid Market Forecast (2019-2024)

12.2.5 Middle East and Africa Formic Acid Market Forecast (2019-2024)

12.3 Formic Acid Market Forecast by Type (2019-2024)

12.3.1 Global Formic Acid Sales Forecast by Type (2019-2024)

12.3.2 Global Formic Acid Market Share Forecast by Type (2019-2024)

12.4 Formic Acid Market Forecast by Application (2019-2024)

12.4.1 Global Formic Acid Sales Forecast by Application (2019-2024)

12.4.2 Global Formic Acid Market Share Forecast by Application (2019-2024)

13 Sales Channel, Distributors, Traders and Dealers

13.1 Sales Channel

13.1.1 Direct Marketing

13.1.2 Indirect Marketing

13.1.3 Marketing Channel Future Trend

13.2 Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

15.1 Methodology

15.2 Data Source

List of Tables and Figures

Figure Formic Acid Picture

Table Product Specifications of Formic Acid

Figure Global Sales Market Share of Formic Acid by Types in 2018

Table Formic Acid Types

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