Description
Global Formic Acid Market – by production method (carbonylation of methanol, and oxalic acid), by application (animal feed, preservatives, cleaning agents, dyeing and finishing textiles, rubber & leather production and others), and by Region – Forecast till 2027
Synopsis of Formic Acid
Formic acid is best quality chemical liquid belonging to group of carboxylic acids with scientific name called Methanoic acid. At room temperature, it is a colorless liquid with high pungent odor and is soluble in alcohols, acetone, and ether. According to various application, formic acid is found in concentration grade such as 85%, 90%, 94% and 99%. Global formic acid market has witnessed significant growth over the forecasted period on account of increasing application including animal feed, preservatives, cleaning agents and leather production among others. With stringent regulation on usage of growth promoters in animal feedstock is anticipated to drive the market growth.
According to Market Research Future Analysis, cumulatively the global formic acid market was valued at USD 516.9 million in 2016 expanding at a CAGR of 4.94% during forecast period. Formic acid market is segmented according to production method and applications. According to production method carbonylation of methanol accounts for highest percentage of share. This processes is associated with BASF SE and Kemira. With having superior properties such as powerful pH it is used in organic acids. Thus, to control the pH formic acid is used in many chemical processes. Owing to more acidic nature, the prominent industrial application of formic acid is rubber & leather production as it can deeply increase the absorbing capability and also known as best coagulant in rubber manufacturing. Formic acid is extensively used in silage preservatives and animal feed to reduce bacterial content and maintain nutritional value of the feed to ensure animal performance. Europe has banned the usage of antibiotics in the year 2006. These is followed by North America as this region is on the verge to ban on antibiotics owing to increasing awareness among the consumers about health safety. Hence, changing climatic conditions are negatively impacting various industries such as animal feed, preservatives and leather & rubber industry. This can restraint the market growth in coming years. Moreover, grade having higher toxicity can also hamper the global formic acid market growth. However, product diversification and improved technology in feed additive substantially provide opportunities to players such as BASF opened a new formic acid production plant in Geismar, Louisiana with annual capacity of 50,000 tons.
FIGURE 1 GLOBAL FORMIC ACID MARKET, BY APPILICATION, 2016 (%)
Sources: MRFR analysis
Regional Analysis
The global formic acid market is segmented into Asia Pacific, Europe, North America, Middle East, and Latin America. Among all, Asia Pacific region is the largest market for formic acid and accounts for more than 35% of the volume share in the global market. Rapid industrialization, easy availability of raw material supply and presence of largest production base with minimal regulatory norms are various factors attributed in growth of the formic acid in Asia Pacific region. China is flourished with new manufacturing capacity and top players like Gujarat Narmada Valley Fertilizers & Chemicals Limited and LUXI Group are expanding production capacity to meet the growing demands. China is expected to reach USD 144.3 million by 2027 with CAGR of 5.50%. BASF being the largest producer of formic acid in Germany, Asia Pacific is dominating the market owing to technological advancement in application industries and increasing manufacturing base in countries like China and India. Changing lifestyle of consumer and driving new trends in textile industry are anticipated to fuel the market growth. Moreover, rising awareness about personal hygiene and development in detergents and cleaning agents are expected to augment the market growth. Europe and North America witnessed substantial growth after Asia Pacific. Key players like BASF and Perstorp AB with superior product offering and expanding their production capacity in the region are driving the overall formic acid market.
Segmentation
The global formic acid market is segmented on the basis of production method, application and region. On the basis of production method, global formic acid market is segmented into carbonylation of methanol, and oxalic acid. Based on application, the global formic acid market is segmented into— animal feed, preservatives, cleaning agents, dyeing and finishing textiles, rubber & leather production and others.
Key Players
Key players of the global formic acid market are BASF SE, Perstorp AB, Eastman Chemical Company, Gujarat Narmada Valley Fertilizers& Chemicals Limited, Feicheng Acid Chemical, Chongqing Chuandong Chemical (Group) Co., Ltd and LUXI Group CO., LTD among others.
Key Findings
Global formic acid market is projected to reach USD 878.7 million by the end of 2027, expanding at a CAGR of 4.94%. China to account for largest share in Asia Pacific region due to growing application industries like animal feed, textile, rubber & leather industry in this region. Formic acid market is a semi-fragmented market, however, tier1 manufacturers dominate the market. With rising ban on antibiotics in animal feedstock and substantial growth of agriculture industry is expected to boost the global formic acid market. European region is expected to witness substantial growth since ban on antibiotics by European Union has boosted animal feed industry. New product development and expansion of major players to the developing regions are some of the noted trends in the global market.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o Spain
o U.K.
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• ROW (Rest of the World)
Intended Audience
• Formic Acid manufacturers
• Traders and distributors of Formic Acid
• Formic Acid Associations
• Potential investors
• Raw material suppliers
DC –Description
• Formic Acid Uses
• Formic acid ants
• Formic acid hplc
• Formic acid purchase
• Formic acid sale
• Formic acid production
Table of Contents
1 Report Prologue 10
2 Market Introduction 11
2.1 Market Definition 11
2.2 Scope of The Study 11
2.2.1 Research Objectives 11
2.2.2 Assumptions 12
2.2.3 Limitations 12
2.3 Markets Structure 12
3 Research Methodology 13
3.1 Research Process 13
3.2 Primary Research 14
3.3 Secondary Research 14
3.4 Market Size Estimation 14
3.5 Forecast Model 16
4 Market Dynamics 17
4.1 Introduction 17
4.2 Drivers 19
4.2.1 Ban on usage of antibiotics as growth promoters in animal feedstock is driving formic acid market. 19
4.2.2 Upsurge demand of formic acid in coagulating latex for rubber sheet can further augment the demand in rubber & textile industry. 20
4.2.3 Substantial growth of agriculture industry has accounted for higher usage of formic acid in animal feed and preservatives. 20
4.3 Restraints 21
4.3.1 Changing climatic conditions are negatively impacting end user industries. 21
4.3.2 Higher toxicity levels in higher grades of formic acid hampers the formic acid market. 21
4.3.3 Rise in price of raw materials 22
4.4 Opportunities & Trends 22
4.4.1 Expansions and investments in formic acid development by major key players is expected to provide opportunities across the value chain. 22
5 Market Factor Analysis 23
5.1 Supply Chain Analysis/ Value Chain Analysis 23
5.1.1 Raw Material Suppliers 23
5.1.2 Formic Acid Manufacturers 24
5.1.3 Distribution Channel 24
5.1.4 End-Use Industry 24
5.2 Porter’s 5 Analysis 24
5.2.1 Threat of New Entrants 24
5.2.2 Threat of Rivalry 24
5.2.3 Threat of Substitute 25
5.2.4 Bargaining Power of Supplier 25
5.2.5 Bargaining Power of Buyer 25
6 Global Formic Acid Market By Production Method 26
6.1 Introduction 26
6.2 Carbonylation of Methanol 28
6.3 Oxalic Acid 31
7 Global Formic Acid Market, By Application 34
7.1 Introduction 34
7.2 Animal Feed 36
7.3 Preservatives 38
7.4 Cleaning Agents 40
7.5 Dyeing and Finishing Textiles 42
7.6 Rubber & Leather Production 44
7.7 Others 47
8 Global Formic Acid Market, By Regions 49
8.1 Introduction 49
8.2 Asia-Pacific 53
8.2.1 China 57
8.2.2 India 59
8.2.3 Japan 61
8.2.4 Rest Of Asia Pacific 63
8.3 Europe 66
8.3.1 Germany 70
8.3.2 UK 72
8.3.3 France 74
8.3.4 Spain 76
8.3.5 Italy 78
8.3.6 Rest of Europe 80
8.4 North America 82
8.4.1 U.S 86
8.4.2 Canada 88
8.5 Rest of The World 90
9 Competitive Landscape 93
9.1 Introduction 93
9.2 Production Analysis 93
9.3 Key Development & Strategies 94
10 Company Profiles 95
10.1 BASF SE (Germany) 95
10.1.1 Company Overview 95
10.1.2 Product/Business Segment Overview 95
10.1.3 Financial Update 96
10.1.4 Key Developments 97
10.2 Perstorp Holdings A.B (Sweden) 98
10.2.1 Company Overview 98
10.2.2 Product/Business Segment Overview 98
10.2.3 Financial Updates 99
10.2.4 Key Developments 99
10.3 Eastman Chemical Company (U.S) 100
10.3.1 Company Overview 100
10.3.2 Product/Business Segment Overview 100
10.3.3 Financial Updates 101
10.3.4 Key Developments 101
10.4 Gujarat Narmada Valley Fertilizers& Chemicals Limited (India) 102
10.4.1 Company Overview 102
10.4.2 Product/Business Segment Overview 102
10.4.3 Financial Update 103
10.4.4 Key Developments 103
10.5 Feicheng Acid Chemical (China) 104
10.5.1 Company Overview 104
10.5.2 Product/Business Segment Overview 104
10.5.3 Financial Updates 104
10.5.4 Key Developments 104
10.6 Chongqing Chuandong Chemical (Group) Co., Ltd (China) 105
10.6.1 Company Overview 105
10.6.2 Product/Business Segment Overview 105
10.6.3 Financial Updates 106
10.6.4 Key Developments 106
10.7 LUXI Group CO., LTD (China) 107
10.7.1 Company Overview 107
10.7.2 Product/Business Segment Overview 107
10.7.3 Financial Updates 108
10.7.4 Key Developments 108
11 Conclusion 109
Table of Contents
1 Report Prologue 10
2 Market Introduction 11
2.1 Market Definition 11
2.2 Scope of The Study 11
2.2.1 Research Objectives 11
2.2.2 Assumptions 12
2.2.3 Limitations 12
2.3 Markets Structure 12
3 Research Methodology 13
3.1 Research Process 13
3.2 Primary Research 14
3.3 Secondary Research 14
3.4 Market Size Estimation 14
3.5 Forecast Model 16
4 Market Dynamics 17
4.1 Introduction 17
4.2 Drivers 19
4.2.1 Ban on usage of antibiotics as growth promoters in animal feedstock is driving formic acid market. 19
4.2.2 Upsurge demand of formic acid in coagulating latex for rubber sheet can further augment the demand in rubber & textile industry. 20
4.2.3 Substantial growth of agriculture industry has accounted for higher usage of formic acid in animal feed and preservatives. 20
4.3 Restraints 21
4.3.1 Changing climatic conditions are negatively impacting end user industries. 21
4.3.2 Higher toxicity levels in higher grades of formic acid hampers the formic acid market. 21
4.3.3 Rise in price of raw materials 22
4.4 Opportunities & Trends 22
4.4.1 Expansions and investments in formic acid development by major key players is expected to provide opportunities across the value chain. 22
5 Market Factor Analysis 23
5.1 Supply Chain Analysis/ Value Chain Analysis 23
5.1.1 Raw Material Suppliers 23
5.1.2 Formic Acid Manufacturers 24
5.1.3 Distribution Channel 24
5.1.4 End-Use Industry 24
5.2 Porter’s 5 Analysis 24
5.2.1 Threat of New Entrants 24
5.2.2 Threat of Rivalry 24
5.2.3 Threat of Substitute 25
5.2.4 Bargaining Power of Supplier 25
5.2.5 Bargaining Power of Buyer 25
6 Global Formic Acid Market By Production Method 26
6.1 Introduction 26
6.2 Carbonylation of Methanol 28
6.3 Oxalic Acid 31
7 Global Formic Acid Market, By Application 34
7.1 Introduction 34
7.2 Animal Feed 36
7.3 Preservatives 38
7.4 Cleaning Agents 40
7.5 Dyeing and Finishing Textiles 42
7.6 Rubber & Leather Production 44
7.7 Others 47
8 Global Formic Acid Market, By Regions 49
8.1 Introduction 49
8.2 Asia-Pacific 53
8.2.1 China 57
8.2.2 India 59
8.2.3 Japan 61
8.2.4 Rest Of Asia Pacific 63
8.3 Europe 66
8.3.1 Germany 70
8.3.2 UK 72
8.3.3 France 74
8.3.4 Spain 76
8.3.5 Italy 78
8.3.6 Rest of Europe 80
8.4 North America 82
8.4.1 U.S 86
8.4.2 Canada 88
8.5 Rest of The World 90
9 Competitive Landscape 93
9.1 Introduction 93
9.2 Production Analysis 93
9.3 Key Development & Strategies 94
10 Company Profiles 95
10.1 BASF SE (Germany) 95
10.1.1 Company Overview 95
10.1.2 Product/Business Segment Overview 95
10.1.3 Financial Update 96
10.1.4 Key Developments 97
10.2 Perstorp Holdings A.B (Sweden) 98
10.2.1 Company Overview 98
10.2.2 Product/Business Segment Overview 98
10.2.3 Financial Updates 99
10.2.4 Key Developments 99
10.3 Eastman Chemical Company (U.S) 100
10.3.1 Company Overview 100
10.3.2 Product/Business Segment Overview 100
10.3.3 Financial Updates 101
10.3.4 Key Developments 101
10.4 Gujarat Narmada Valley Fertilizers& Chemicals Limited (India) 102
10.4.1 Company Overview 102
10.4.2 Product/Business Segment Overview 102
10.4.3 Financial Update 103
10.4.4 Key Developments 103
10.5 Feicheng Acid Chemical (China) 104
10.5.1 Company Overview 104
10.5.2 Product/Business Segment Overview 104
10.5.3 Financial Updates 104
10.5.4 Key Developments 104
10.6 Chongqing Chuandong Chemical (Group) Co., Ltd (China) 105
10.6.1 Company Overview 105
10.6.2 Product/Business Segment Overview 105
10.6.3 Financial Updates 106
10.6.4 Key Developments 106
10.7 LUXI Group CO., LTD (China) 107
10.7.1 Company Overview 107
10.7.2 Product/Business Segment Overview 107
10.7.3 Financial Updates 108
10.7.4 Key Developments 108
11 Conclusion 109
List of Tables
TABLE 1 GLOBAL FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 27
TABLE 2 GLOBAL FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 28
TABLE 3 GLOBAL CARBONYLATION OF METHANOL MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 30
TABLE 4 GLOBAL CARBONYLATION OF METHANOL MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 30
TABLE 5 GLOBAL OXALIC ACID MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 31
TABLE 6 GLOBAL OXALIC ACID MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 33
TABLE 7 GLOBAL FORMIC ACID MARKET, BY APPILICATION, (2014-2027) (USD MILLION) 35
TABLE 8 GLOBAL FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 36
TABLE 9 GLOBAL ANIMAL FEED MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 37
TABLE 10 GLOBAL ANIMAL FEED MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 38
TABLE 11 GLOBAL PRESERVATIVES MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 39
TABLE 12 GLOBAL PRESERVATIVES MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 40
TABLE 13 GLOBAL CLEANING AGENTS MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 42
TABLE 14 GLOBAL CLEANING AGENTS MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 42
TABLE 15 GLOBAL DYEING AND FINISHING TEXTILES MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 43
TABLE 16 GLOBAL DYEING AND FINISHING TEXTILES MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 44
TABLE 17 GLOBAL RUBBER & LEATHER PRODUCTION MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 46
TABLE 18 GLOBAL RUBBER & LEATHER PRODUCTION MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 46
TABLE 19 GLOBAL OTHERS MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (USD MILLION) 47
TABLE 20 GLOBAL OTHERS MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2014-2027) (‘000 TONS) 48
TABLE 21 GLOBAL FORMIC ACID MARKET, BY REGION, (2014-2027) (USD MILLION) 50
TABLE 22 GLOBAL FORMIC ACID MARKET, BY REGION, (2014-2027) (‘000 TONS) 51
TABLE 23 GLOBAL FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 51
TABLE 24 GLOBAL FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 52
TABLE 25 GLOBAL FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 52
TABLE 26 GLOBAL FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 53
TABLE 27 ASIA PACIFIC FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (USD MILLION) 54
TABLE 28 ASIA PACIFIC FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (‘000 TONS) 55
TABLE 29 ASIA PACIFIC FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 55
TABLE 30 ASIA PACIFIC FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 56
TABLE 31 ASIA PACIFIC FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 56
TABLE 32 ASIA PACIFIC FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 57
TABLE 33 CHINA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 57
TABLE 34 CHINA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 58
TABLE 35 CHINA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 58
TABLE 36 CHINA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 59
TABLE 37 INDIA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 59
TABLE 38 INDIA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 60
TABLE 39 INDIA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 60
TABLE 40 INDIA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 61
TABLE 41 JAPAN FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 61
TABLE 42 JAPAN FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 62
TABLE 43 JAPAN FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 62
TABLE 44 JAPAN FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 63
TABLE 45 REST OF ASIA PACIFIC FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 63
TABLE 46 REST OF ASIA PACIFIC FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 64
TABLE 47 REST OF ASIA PACIFIC FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 64
TABLE 48 REST OF ASIA PACIFIC FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 65
TABLE 49 EUROPE FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (USD MILLION) 66
TABLE 50 EUROPE FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (‘000 TONS) 67
TABLE 51 EUROPE FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 68
TABLE 52 EUROPE FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 68
TABLE 53 EUROPE FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 69
TABLE 54 EUROPE FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 69
TABLE 55 GERMANY FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 70
TABLE 56 GERMANY FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 70
TABLE 57 GERMANY FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 71
TABLE 58 GERMANY FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 71
TABLE 59 UK FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 72
TABLE 60 UK FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 72
TABLE 61 UK FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 73
TABLE 62 UK FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 73
TABLE 63 FRANCE FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 74
TABLE 64 FRANCE FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 74
TABLE 65 FRANCE FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 75
TABLE 66 FRANCE FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 75
TABLE 67 SPAIN FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 76
TABLE 68 SPAIN FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 76
TABLE 69 SPAIN FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 77
TABLE 70 SPAIN FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 77
TABLE 71 ITALY FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 78
TABLE 72 ITALY FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 78
TABLE 73 ITALY FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 79
TABLE 74 ITALY FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 79
TABLE 75 REST OF EUROPE FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 80
TABLE 76 REST OF EUROPE FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 80
TABLE 77 REST OF EUROPE FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 81
TABLE 78 REST OF EUROPE FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 81
TABLE 79 NORTH AMERICA FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (USD MILLION) 82
TABLE 80 NORTH AMERICA FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (‘000 TONS) 83
TABLE 81 NORTH AMERICA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 84
TABLE 82 NORTH AMERICA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 84
TABLE 83 NORTH AMERICA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 85
TABLE 84 NORTH AMERICA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 85
TABLE 85 U.S FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 86
TABLE 86 U.S FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 86
TABLE 87 U.S FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 87
TABLE 88 U.S FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 87
TABLE 89 CANADA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 88
TABLE 90 CANADA FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 88
TABLE 91 CANADA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 89
TABLE 92 CANADA FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 89
TABLE 93 REST OF THE WORLD FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 90
TABLE 94 REST OF THE WORLD FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 90
TABLE 95 REST OF THE WORLD FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (USD MILLION) 91
TABLE 96 REST OF THE WORLD FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 91
TABLE 97 GLOBAL FORMIC ACID PRODUCTION ANALYSIS, BY KEY PLAYERS (2015) 93
TABLE 98 KEY DEVELOPMENT (2012-2016) 93
TABLE 99 BASF SE: SEGMENT OVERVIEW 95
TABLE 100 BASF SE: KEY DEVELOPMENTS 97
TABLE 101 PERSTORP HOLDINGS A.B: SEGMENT OVERVIEW 98
TABLE 102 PERSTORP HOLDINGS A.B: KEY DEVELOPMENTS 99
TABLE 103 EASTMAN CHEMICAL COMPANY: PRODUCT SEGMENTATION 100
TABLE 104 EASTMAN CHEMICAL COMPANY: KEY DEVELOPMENT 101
TABLE 105 GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED: SEGMENT OVERVIEW 102
TABLE 106 GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED: FINANCIAL UPDATES 103
TABLE 107 FEICHENG ACID CHEMICAL: SEGMENT OVERVIEW 104
TABLE 108 CHONGQING CHUANDONG CHEMICAL (GROUP) CO., LTD: SEGMENT OVERVIEW 105
TABLE 109 LUXI GROUP CO., LTD: SEGMENT OVERVIEW 107
List of Figures
FIGURE 1 TOP DOWN & BOTTOM UP APPROACH 15
FIGURE 2 FORECAST MODEL 16
FIGURE 3 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND TRENDS OF GLOBAL FORMIC ACID MARKET 18
FIGURE 4 DRIVERS: IMPACT ANALYSIS 19
FIGURE 5 RESTRAINTS: IMPACT ANALYSIS 21
FIGURE 6 SUPPLY CHAIN DIAGRAM 23
FIGURE 7 GLOBAL FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (USD MILLION) 26
FIGURE 8 GLOBAL FORMIC ACID MARKET, BY PRODUCTION METHOD, (2014-2027) (‘000 TONS) 27
FIGURE 9 GLOBAL CARBONYLATION OF METHANOL MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 28
FIGURE 10 GLOBAL OXALIC ACID MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 31
FIGURE 11 GLOBAL FORMIC ACID MARKET, BY APPILICATION, (2014-2027) (USD MILLION) 34
FIGURE 12 GLOBAL FORMIC ACID MARKET, BY APPLICATION, (2014-2027) (‘000 TONS) 35
FIGURE 13 GLOBAL ANIMAL FEED MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 37
FIGURE 14 GLOBAL PRESERVATIVES MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 39
FIGURE 15 GLOBAL CLEANING AGENTS MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 40
FIGURE 16 GLOBAL DYEING AND FINISHING TEXTILES MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 43
FIGURE 17 GLOBAL RUBBER & LEATHER PRODUCTION MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 44
FIGURE 18 GLOBAL OTHERS MARKET FOR FORMIC ACID MARKET, BY REGIONS, (2016) (%) 47
FIGURE 19 GLOBAL FORMIC ACID MARKET, BY REGION, (2014-2027) (USD MILLION) 49
FIGURE 20 GLOBAL FORMIC ACID MARKET, BY REGION, (2014-2027) (‘000 TONS) 50
FIGURE 21 ASIA PACIFIC FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (USD MILLION) 53
FIGURE 22 ASIA PACIFIC FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (‘000 TONS) 54
FIGURE 23 EUROPE FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (USD MILLION) 66
FIGURE 24 EUROPE FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (‘000 TONS) 67
FIGURE 25 NORTH AMERICA FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (USD MILLION) 82
FIGURE 26 NORTH AMERICA FORMIC ACID MARKET, BY COUNTRIES, (2014-2027) (‘000 TONS) 83
FIGURE 27 BASF SE: FINANCIAL UPDATES 96
FIGURE 28 PERSTORP HOLDINGS A.B: FINANCIAL UPDATES 99
FIGURE 29 EASTMAN CHEMICAL COMPANY: FINANCIAL UPDATES 101
FIGURE 30 GLOBAL FORMIC ACID MARKET SHARE AND CAGR % (2016-2027) 110
