openPR Logo
Press release

Formic Acid Market : Information, Figures and Analytical Insights 2014 – 2020

01-11-2018 02:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Formic Acid Market : Information, Figures and Analytical

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.

Request to Sample of Report- https://www.persistencemarketresearch.com/samples/3366

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.

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 Report for 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.

Pre Book Full Report – https://www.persistencemarketresearch.com/checkout/3366

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 Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web:https://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 : Information, Figures and Analytical Insights 2014 – 2020 here

News-ID: 896515 • Views: 238

More Releases from Persistence Market Research

Iodine Market estimated to be valued at approximately US$ 2 Bn by 2031
Don't miss to keep a tab on the latest happenings in chemicals vertical, all the latest updated reports are published by Persistence Market Research, along with deep insights. Our reports draws attention to the existing and projected metrices about the raw materials along with its market demand. The global iodine market estimated to be valued at approximately US$ 2 Bn by 2031, driven by increasing use of iodine as a contrast
Bromine Market to attain a worth of nearly US$ 3.3 Bn by 2031-end
This bromine industry survey predicts the market to attain a worth of nearly US$ 3.3 Bn by 2031-end, while it rises at a steady CAGR of 2.6% over the next ten years. Analysts at Persistence Market research have recently released revised data for the bromine market and have given a comprehensive assessment of the current market stance as well as detailed forecasts. The bromine industry in North America is expected
Metallic Glass Market is estimated to expand at a CAGR of 6.5% during the foreca …
The global Metallic Glass Market is estimated to grow unabatedly in the next few years. This could be attributed to relentless efforts being put to exercise control over carbon emissions, so as to walk along advancements in chemical production. The advantages of decarbonizing ought to be spread far and wide, as chemistry does make way for building blocks of several value chains. This would be the scene with the chemical
Growth in Demand from Consumers to Heighten Sales of Polyester Medical Films Mar …
The global Polyester Medical Films Market is expected to encompass technological disruption in the next 10 years. Decarbonization and sustainability are the critical areas of emphasis in the current scenario and the status quo is expected to be the same even going forward. The key stakeholders are heavily investing in research for incorporating recycling technologies for lowering carbon footprint on the whole. So, mitigation of emissions would be the cornerstone

All 5 Releases


More Releases for Formic

Global Formic Acid Market Research Report - Forecast to 2027
Formic Acid Market 2020 comprises a detailed survey of the Formic Acid Market size, share, trends, extension, consumption, and share, segments, application and Forecast 2025. Global "Formic Acid" Market 2020-2025 Report contains all demographic as well as analytical data regarding market review, growth, demand, and budget analysis. The report mainly highlights the significant trends of the Formic Acid market in terms of thriving companies, business methods, product values and pricing, revenue,
Formic Acid Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-chemical/formic-acid-market-2/79623 Formic Acid Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Formic Acid basics: definitions, classifications, applications and market overview; product specifications;
Formic Acid Market to Register Steady Growth During 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
Formic Acid Market to Register Unwavering Growth During 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
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
Formic Acid Market Projected to Witness Vigorous Expansion by 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