Chapter 1. Formic Acids Market – Scope & Methodology
1.1 Market Segmentation
1.2 Scope, Assumptions & Limitations
1.3 Research Methodology
1.4 Primary Sources
1.5 Secondary Sources
Chapter 2. Formic Acids Market – Executive Summary
2.1 Market Size & Forecast – (2022 – 2030) ($M/$Bn)
2.2 Key Trends & Insights
2.2.1 Demand Side
2.2.2 Supply Side
2.3 Attractive Investment Propositions
2.4 COVID-19 Impact Analysis
Chapter 3. Formic Acids Market – Competition Scenario
3.1 Market Share Analysis & Company Benchmarking
3.2 Competitive Strategy & Development Scenario
3.3 Competitive Pricing Analysis
3.4 Supplier-Distributor Analysis
Chapter 4. Formic Acids Market - Entry Scenario
4.1 Regulatory Scenario
4.2 Case Studies – Key Start-ups
4.3 Customer Analysis
4.4 PESTLE Analysis
4.5 Porters Five Force Model
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Powers of Customers
4.5.3 Threat of New Entrants
4.5.4 Rivalry among Existing Players
4.5.5 Threat of Substitutes
Chapter 5. Formic Acids Market – Landscape
5.1 Value Chain Analysis – Key Stakeholders Impact Analysis
5.2 Market Drivers
5.3 Market Restraints/Challenges
5.4 Market Opportunities
Chapter 6. Formic Acids Market – By Type
6.1 Introduction/Key Findings
6.2 Formic Acid (85%)
6.3 Formic Acid (94%)
6.4 Others
6.5 Y-O-Y Growth trend Analysis By Type
6.6 Absolute $ Opportunity Analysis By Type , 2023-2030
Chapter 7. Formic Acids Market – By Application
7.1 Introduction/Key Findings
7.2 Agriculture
7.3 Leather and Textile
7.4 Rubber
7.5 Chemicals
7.6 Pharmaceuticals
7.7 Food and Beverage
7.8 Others
7.9 Y-O-Y Growth trend Analysis By Application
7.10 Absolute $ Opportunity Analysis By Application, 2023-2030
Chapter 8. Formic Acids Market – By End-Use Industry
8.1 Introduction/Key Findings
8.2 Agriculture and Livestock
8.3 Textile and Fashion
8.4 Chemicals and Pharmaceuticals
8.5 Food and Beverage
8.6 Leather and Tanning
8.7 Rubber and Plastics
8.8 Others
8.9 Y-O-Y Growth trend Analysis By End-Use Industry
8.10 Absolute $ Opportunity Analysis By End-Use Industry, 2023-2030
Chapter 9. Formic Acids Market , By Geography – Market Size, Forecast, Trends & Insights
9.1 North America
9.1.1 By Country
9.1.1.1 U.S.A.
9.1.1.2 Canada
9.1.1.3 Mexico
9.1.2 By Type
9.1.3 By Application
9.1.4 By End-Use Industry
9.1.5 Countries & Segments - Market Attractiveness Analysis
9.2 Europe
9.2.1 By Country
9.2.1.1 U.K
9.2.1.2 Germany
9.2.1.3 France
9.2.1.4 Italy
9.2.1.5 Spain
9.2.1.6 Rest of Europe
9.2.2 By Type
9.2.3 By Application
9.2.4 By End-Use Industry
9.2.5 Countries & Segments - Market Attractiveness Analysis
9.3 Asia Pacific
9.3.1 By Country
9.3.1.1 China
9.3.1.2 Japan
9.3.1.3 South Korea
9.3.1.4 India
9.3.1.5 Australia & New Zealand
9.3.1.6 Rest of Asia-Pacific
9.3.2 By Type
9.3.3 By Application
9.3.4 By End-Use Industry
9.3.5 Countries & Segments - Market Attractiveness Analysis
9.4 South America
9.4.1 By Country
9.4.1.1 Brazil
9.4.1.2 Argentina
9.4.1.3 Colombia
9.4.1.4 Chile
9.4.1.5 Rest of South America
9.4.2 ByMicroorganisms Type
9.4.3 By Application
9.4.4 By End-Use Industry
9.4.5 Countries & Segments - Market Attractiveness Analysis
9.5 Middle East & Africa
9.5.1 By Country
9.5.1.1 United Arab Emirates (UAE)
9.5.1.2 Saudi Arabia
9.5.1.3 Qatar
9.5.1.4 Israel
9.5.1.5 South Africa
9.5.1.6 Nigeria
9.5.1.7 Kenya
9.5.1.8 Egypt
9.5.1.9 Rest of MEA
9.5.2 ByMicroorganisms Type
9.5.3 By Application
9.5.4 By End-Use Industry
9.5.5 Countries & Segments - Market Attractiveness Analysis
Chapter 10. Formic Acids Market – Company Profiles – (Overview, Product Portfolio, Financials, Strategies & Developments)
10.1 BASF SE
10.2 Perstorp
10.3 Eastman Chemical Company
10.4 LUXI GROUP
10.5 Shandong Acid Technology Co. Ltd.
10.6 Feicheng Acid Chemicals Co. Ltd.
10.7 Taminco Corporation
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Frequently Asked Questions
The Global Formic Acids Market was valued at USD 1.96 billion in 2022 and is projected to reach a market size of USD 2.85 billion by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 4.8%.
Key drivers include increasing demand from the agriculture and livestock sector, growing textile and leather industry, increased use in chemical processes, and increasing awareness of the benefits of formic acid.
Prominent applications include animal feed and silage additives, leather tanning, textile dyeing and finishing, intermediary in pharmaceuticals, other applications
Asia currently dominates the global biomass-based fine chemicals market, accounting for over 40% of the global market share. This is due to factors such as rapid urbanization and industrialization, a large population base, government support for the agriculture and livestock sector, and growing demand from the textile industry.
BASF SE, Perstorp, Eastman Chemical Company, LUXI GROUP, Shandong Acid Technology Co. Ltd. Are the key players operating in the market.