Global Formic Acid Market 2017-2021

Global Formic Acid Market 2017-2021

  • December 2017 •
  • 86 pages •
  • Report ID: 3095457 •
  • Format: PDF
About Formic Acid

Formic acid is used abundantly since it is an eco-friendly alternative to textile, leather, rubber, and other industries. The excellent properties of a formic acid, when it comes to controlling acidity while effectively controlling microbial growth, makes it ideal for use in a broad spectrum of applications. Furthermore, formic acid, unlike other acids (organic), holds the advantage of performing as both carboxylic acid and aldehyde. Therefore, formic acid functions as a reducing and as an acidifying agent, which offers the market immense potential and scope to be used across a wide range of industries.

Technavio’s analysts forecast the global formic acid market to grow at a CAGR of 4.26% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global formic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• North America

Technavio’s report, Global Formic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Feicheng Acid Chemicals
• Perstorp
• Eastman Chemical Company

Other prominent vendors
• Alfa Aesar, Thermo Fisher Scientific
• Jinan Petrochemical Group
• Merck
• Polioli
• Rashtriya Chemicals and Fertilizers
• Shanxi Province Yuanping Chemicals

Market driver
• Rising demand for formic acid as a preservative
• For a full, detailed list, view our report

Market challenge
• Presence of cost-effective substitutes
• For a full, detailed list, view our report

Market trend
• Direct syntheses of formic acid in acidic media
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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