Global Formic Acid Market size was valued at USD 2.05 Bn. in 2023 and the total Formic Acid revenue is expected to grow by 4.8 % from 2024 to 2030, reaching nearly USD 2.85 Bn.Formic Acid Market Overview:
Formic acid is a colorless, pungent, and highly corrosive organic acid with the chemical formula HCOOH. It is the simplest carboxylic acid known as methanoic acid. The formic word comes from Formica, Latin word formica means Ant. It is generally used in various industries, such as agriculture, textiles, leather, and rubber manufacturing. Formic acid is similarly used as a preservative and antibacterial agent in animal feed and as a disinfectant in some household cleaning products in high concentrations, formic acid can be hazardous and should be handled with care. Growing demand for formic acid as a preserving act as an anti-bacterial store animal feedstock is likely to fuel the market development. It containsthe decay of feedstock and helps nutrition retain its nutritive value for a longer time. Growing demand for feedstock for dairy animals is likely to boost the demand for formic acid. Formic acid market in chemical and industrial sectors, formic acid and its derivatives are widely used in formylation, transfer hydrogenation, and other significant processes which subsequently shall foster market growth. The formic acid market is experiencing huge growth which is expected to continue shortly driven by the highly growing Asia- Pacific, Europe, and North America. A considerable amount of investments are made by some major players to serve the end-user application’s Application in the future. The End-Usersare further expected to show high growth in the future, mainly due to the high growth potential of the agriculture market in India. The formic acid market drivers of the Application arethe Emphasis on health and the environment, the prohibition of antibiotics as growth promoters in stage preservation and animal food, andthe increasing penetration of emerging applications. The Formic acid market is anticipated to expand during the forecast period, with the rising demand for formic acid from multiple industries. Formic acid could be used in various industries like pharmaceuticals, rubber, leather preservatives many others. Formic acid can be used as a preservative in processed food and animal feed also. Since formic acid had antibacterial properties results it is used as a food preservative in packaged food. The growing demand for processed food in the market results in higher demand for formic acid in the market.To know about the Research Methodology :- Request Free Sample Report
Formic Acid Market Dynamics:
Formic Acid Market Drivers: The increasing demand for formic acid from the agriculture, dairy, and livestock sectors of the global economy – The agricultural, dairy, and livestock Applicationsare vital to the worldwide economy. These industries are a primary sector of the economy and offer employment and livelihood to lakhs of people globally. These industries are important for food security and the safety of the world. The livestock Applications is a source of additional income for the farmers. Governments are promoting them worldwide to increase farmers' or agricultural laborers’ income and accord them income security with this additional source. The quality of livestock is equally important, so animal health takes precedence in the global economy. Formic acid has preservative and antibacterial properties, which make it ideal for preserving the nutritive value of animal feed and arresting its decaying process. Formic acid is a cost-effective way to ensure good animal health. Good animal health ensures high-quality animal products. The nutritive animal feed enables the livestock to fight diseases and infections better. Furthermore, formic acid is utilized in dairyapplications to rid the products of harmful bacteria like E. Coli and prolong their shelf-life. Therefore, the growing importance of livestock shores up the demand for animal feed, followed by an equal rise in formic acid demand, which will drive the global market's growth. A similar demand rise for dairy and dairy products will also propel the global formic acid market's growth. Formic Acid Market Restraints: High concentrations of formic acid result in restriction of the market While there are many advantages of formic acid, the limitations associated with the use of formic acid are observed to restrain the market’s growth. High concentrations of formic acid result in danger. The excess amount of formic acid or a high concentration of formic acid results in hazardous fumes, it may because skin issues like allergic reactions on the skin, skill itching, eye injury, and heartburn, and it also can harm the mucus membrane of the throat and mouth. Continuous exposure to concentrated formic acid may cause chronic diseases like liver and kidney damage. Direct intake of concentrated acid cause many problems with the stomach and digestive system, pain, and nausea. Hence formic acid is restricted from some of the regions because of its high toxicity in nature and may hamper the overall growth of the market. Formic Acid Market Opportunities: Power Application becomes the prospect for formic acid Formic acids are the simplest form of acid that can be found naturally and can be formed in the laboratory. It can be used in several sectors of pharmaceutical manufacturing. The recent development in formic acid it can be used as a convertible source of the hydrogen storage process. Formic acid is useful to minimize global warming by the production of formic acid in atmospheric carbon dioxide will minimize the carbon dioxide in nature. Formic acid is used as a sustainable carbon monoxide source. Formic acid can be seen as a liquid storage version of carbon monoxide in the form of liquid, and these can be directly used in the chemical value chain. Formic Acid Market Challenges: The stringent regulatory guidelines governing the uses of formic acid The significant health risks posed by formic acid categorize it as a serious occupational hazard substance that is monitored and controlled by the relevant authorities. Given the wise application base of formic acid, there are well-defined occupational health guidelines mandating its use, exposure, and preventive and corrective steps in case of accidents. These guidelines and implemented strictly by the relevant institution of all countries. Therefore, the stringent guidelines governing the uses and applications of formic acid will challenge the market's growth.Competitive Landscape:
Manufacturing is contained by manufacturers as a way to lower total operating costs through the use of energy-efficient methods that can significantly lower energy and electricity expenses. All end-user industries, including aerospace, automotive, building & construction, and others, have kept green production as a top priority.Formic acid producers intend to relocate their operations to regions with inexpensive labor and raw materials. The competitive landscape would be improved by the increased emphasis on R&D initiatives and business expansion. The competitive landscape of the formic acid market with many established and emerging companies. Companies analysis and profiles of the major key players in the formic acid market are BASF Intermediate Division, BASF SE, Celanese Corporation, Chongqing Chuandong Chemical (Group) Co., Ltd., Eastman Chemical Company, Feicheng Acid Chemicals Co., Ltd., Fleurchem, Inc., Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC), Kemira Oyj, LUXI Group Co., Ltd., Perstorp Holding AB, Yara International ASA, Perstorp, Luxi Chemical Group Co. Ltd., Eastman Chemical Company Anhui Asahi Kasei Chemical May 11, 2023 – BASF has announced an investment in the production of water-based anode binders to support the lithium-ion battery industry. The new binders will be produced at two existing dispersion plants in Jiangsu and Guangdong, China. In addition to their existing product portfolios, the two plants will produce two innovative anode binders: Licity® and Basonal Power® based on modified styrene-butadiene rubber (SBR). The new range of products is expected to come on stream from mid-2023. May 08, 2023 -Air Products and Chemicals said Monday it will build, own and operate two new carbon monoxide production plants in Texas, which will produce a combined 70M-plus day of carbon monoxide and be connected to the company's existing Gulf Coast CO pipeline network; financial details were not disclosed.
Formic Acid Market Segment Analysis:
Based on Grade Type,The 85% grade dominated the formic acid market and is expected to grow during the forecast period 2024-2030. Based on the grade Grade Typeformic acid market segment is divided into 85% grade, 94% grade, 99% grade, and others. The 94% grade segment dominated the market with a revenue share of around 48% in 2023. 94% grade forming acid has wide applications. It is used in the food and beverages, pharmaceuticals, textiles, rubber, and chemical industries. It is comparatively better for the environment, and therefore its popularity is on the rise. It is used to produce medicines, cosmetics, personal care products,and cleaners. Therefore, the wide variety of applications across numerous industries will propel the segment’s growth.Based on the Application,Animal feed dominated the formic acid market in the year 2023 and is expected to growand during the forecast period 2023-2030. Based on applications Grade Type formic acid market is classified into Animal Feed, Silage, Leather tanning and Textile dyeing. Formic acid is mainly used in animal feed for maintaining the nutritional level of agricultural animals. Though formic acid had great antibacterial properties, it prevents the feed from insects and bacteria for better feed digestion and feed conversion. The animal feed segment expects growth cause of agriculture demand.Silage is expected a significant interest in the formic acid market. Silage production is important for restricting the proliferation of pathogens. And can be useful for preventing growth of the silage bacteria or microorganisms.
Based on the End-Users,the agriculture segment dominated the market in the year 2023 and is expected to continue its dominance during the forecast period. Based on the end-users the formic acid market is divided into agricultural, Pharmaceutical,and others. Formic acid is one of the major components in the agriculture sector. Since of its antibacterial properties, it can be used in various sectors of agriculture. From used as a spayed on the crop for their longer lifespan to poultry farming applying to feed to kill harmful bacteria.Pharmaceuticals are one of the important industries that had the hands-on formic acid. Formic acid has antibacterial as well as preservative properties in it, so it can be used as a pharmaceutical chemical or for the preservation of drugs.
Formic Acid Market Regional Insights:
Asia Pacific region dominated the market in the year 2023 and is expected to continue its dominance during the forecast period. Asia Pacific is considered a hub for agricultural activities, the agricultural sector is one of the leading segments in the formic acid market; this offers beneficial opportunities for countries in Asia Pacific to grow during the forecast period.The continuous growth of the formic acid market is attributed to the rising expansion the of textile, rubber, leather,and pharmaceutical industries, especially in India and China. The major market players are interested to draw high investment in China due to its lower labor cost and lower capital and rapidly growing market. It is expected as a major growth opportunity over the anticipated period.Formic Acid Market Scope: Inquire before buying
Formic Acid Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.05 Bn. Forecast Period 2024 to 2030 CAGR: 4.8% Market Size in 2030: US $ 2.85 Bn. Segments Covered: by Grade Type Grade 85% Grade 94% Grade 99% Others by Application Animal Feed Silage Leather tanning Textile dyeing by End-Users Agriculture Pharmaceutical Others Formic Acid Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America) Formic Acid MarketKey Players: 1. BASF Intermediate Division 2. BASF SE 3. Celanese Corporation 4. Chongqing Chuandong Chemical (Group) Co., Ltd. 5. Eastman Chemical Company 6. Feicheng Acid Chemicals Co., Ltd. 7. Fleurchem, Inc. 8. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) 9. Kemira Oyj 10. LUXI Group Co., Ltd. 11. Perstorp Holding AB 12. Yara International ASA 13. Perstorp, 14. Luxi Chemical Group Co. Ltd. 15. Eastman Chemical Company 16. Anhui Asahi Kasei Chemical Frequently Asked Questions: 1] What segments are covered in the Global Formic Acid Market report? Ans. The segments covered in the Formic Acid Market report are based on Grade Type, Application,End-Users, and Region. 2] Which End-Usersare expected to hold the highest share in the Global Formic Acid Market? Ans. The Asia Pacific End-Usersare expected to hold the highest share of the Formic Acid Market. 3] What is the market size of the Global Formic Acid Market by 2030? Ans. The market size of the Formic Acid Market by 2030 is expected to reach US$ 2.85 Bn. 4] What is the forecast period for the Global Formic Acid Market? Ans. The forecast period for the Formic Acid Market is 2024-2030. 5] What was the market size of the Global Formic Acid Market in 2023? Ans. The market size of the Formic Acid Market in 2023 was valued at US$ 2.05 Bn.
1. Formic Acid Market: Research Methodology 2. Formic Acid Market Introduction 2.1 Study Assumption and Market Definition 2.2 Scope of the Study 2.3 Executive Summary 3. Formic Acid Market: Dynamics 3.1 Formic Acid Market Trends by Region 3.1.1 Global Formic Acid Market Trends 3.1.2 North America Formic Acid Market Trends 3.1.3 Europe Formic Acid Market Trends 3.1.4 Asia Pacific Formic Acid Market Trends 3.1.5 Middle East and Africa Formic Acid Market Trends 3.1.6 South America Formic Acid Market Trends 3.2 Formic Acid Market Dynamics by Region 3.2.1 North America 3.2.1.1 North America Formic Acid Market Drivers 3.2.1.2 North America Formic Acid Market Restraints 3.2.1.3 North America Formic Acid Market Opportunities 3.2.1.4 North America Formic Acid Market Challenges 3.2.2 Europe 3.2.2.1 Europe Formic Acid Market Drivers 3.2.2.2 Europe Formic Acid Market Restraints 3.2.2.3 Europe Formic Acid Market Opportunities 3.2.2.4 Europe Formic Acid Market Challenges 3.2.3 Asia Pacific 3.2.3.1 Asia Pacific Formic Acid Market Market Drivers 3.2.3.2 Asia Pacific Formic Acid Market Restraints 3.2.3.3 Asia Pacific Formic Acid Market Opportunities 3.2.3.4 Asia Pacific Formic Acid Market Challenges 3.2.4 Middle East and Africa 3.2.4.1 Middle East and Africa Formic Acid Market Drivers 3.2.4.2 Middle East and Africa Formic Acid Market Restraints 3.2.4.3 Middle East and Africa Formic Acid Market Opportunities 3.2.4.4 Middle East and Africa Formic Acid Market Challenges 3.2.5 South America 3.2.5.1 South America Formic Acid Market Drivers 3.2.5.2 South America Formic Acid Market Restraints 3.2.5.3 South America Formic Acid Market Opportunities 3.2.5.4 South America Formic Acid Market Challenges 3.3 PORTER’s Five Forces Analysis 3.3.1 Bargaining Power Of Suppliers 3.3.2 Bargaining Power Of Buyers 3.3.3 Threat Of New Entrants 3.3.4 Threat Of Substitutes 3.3.5 Intensity Of Rivalry 3.4 PESTLE Analysis 3.5 Value Chain Analysis 3.6 Regulatory Landscape by Region 3.6.1 Global 3.6.2 North America 3.6.3 Europe 3.6.4 Asia Pacific 3.6.5 Middle East and Africa 3.6.6 South America 3.7 Analysis of Government Schemes and Initiatives For the Formic Acid Industry 3.8 The Global Pandemic and Redefining of The Formic Acid Industry Landscape 3.9 Price Trend Analysis 3.10 Technological Road Map 3.11 Global Formic Acid Trade Analysis (2017-2023) 3.11.1 Global Import of Formic Acid 3.11.2 Global Export of Formic Acid 3.12 Global Formic Acid Production Capacity Analysis 3.12.1 Chapter Overview 3.12.2 Key Assumptions and Methodology 3.12.3 Formic Acid Manufacturers: Global Installed Capacity 3.12.4 Analysis by Size of Manufacturer 4. Global Formic Acid Market: Global Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 4.1 Global Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 4.1.1 Grade 85% 4.1.2 Grade 94% 4.1.3 Grade 99% 4.1.4 Others 4.2 Global Formic Acid Market Size and Forecast, By Application (2023-2030) 4.2.1 Animal Feed 4.2.2 Silage 4.2.3 Leather tanning 4.2.4 Textile dyeing 4.3 Global Formic Acid Market Size and Forecast, By End-Users (2023-2030) 4.3.1 Agriculture 4.3.2 Pharmaceutical 4.3.3 Others 4.4 Global Formic Acid Market Size and Forecast, by Region (2023-2030) 4.4.1 North America 4.4.2 Europe 4.4.3 Asia Pacific 4.4.4 Middle East and Africa 4.4.5 South America 5. North America Formic Acid Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 5.1 North America Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 5.1.1 Grade 85% 5.1.2 Grade 94% 5.1.3 Grade 99% 5.1.4 Others 5.2 North America Formic Acid Market Size and Forecast, By Application (2023-2030) 5.2.1 Animal Feed 5.2.2 Silage 5.2.3 Leather tanning 5.2.4 Textile dyeing 5.3 North America Formic Acid Market Size and Forecast, By End-Users (2023-2030) 5.3.1 Agriculture 5.3.2 Pharmaceutical 5.3.3 Others 5.4 North America Formic Acid Market Size and Forecast, by Country (2023-2030) 5.4.1 United States 5.4.1.1 United States Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 5.4.1.1.1 Grade 85% 5.4.1.1.2 Grade 94% 5.4.1.1.3 Grade 99% 5.4.1.1.4 Others 5.4.1.2 United States Formic Acid Market Size and Forecast, By Application (2023-2030) 5.4.1.2.1 Animal Feed 5.4.1.2.2 Silage 5.4.1.2.3 Leather tanning 5.4.1.2.4 Textile dyeing 5.4.1.3 United States Formic Acid Market Size and Forecast, By End-Users (2023-2030) 5.4.1.3.1 Agriculture 5.4.1.3.2 Pharmaceutical 5.4.1.3.3 Others 5.4.2 Canada 5.4.2.1 Canada Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 5.4.2.1.1 Grade 85% 5.4.2.1.2 Grade 94% 5.4.2.1.3 Grade 99% 5.4.2.1.4 Others 5.4.2.2 Canada Formic Acid Market Size and Forecast, By Application (2023-2030) 5.4.2.2.1 Animal Feed 5.4.2.2.2 Silage 5.4.2.2.3 Leather tanning 5.4.2.2.4 Textile dyeing 5.4.2.3 Canada Formic Acid Market Size and Forecast, By End-Users (2023-2030) 5.4.2.3.1 Agriculture 5.4.2.3.2 Pharmaceutical 5.4.2.3.3 Others 5.4.3 Mexico 5.4.3.1 Mexico Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 5.4.3.1.1 Grade 85% 5.4.3.1.2 Grade 94% 5.4.3.1.3 Grade 99% 5.4.3.1.4 Others 5.4.3.2 Mexico Formic Acid Market Size and Forecast, By Application (2023-2030) 5.4.3.2.1 Animal Feed 5.4.3.2.2 Silage 5.4.3.2.3 Leather tanning 5.4.3.2.4 Textile dyeing 5.4.3.3 Mexico Formic Acid Market Size and Forecast, By End-Users (2023-2030) 5.4.3.3.1 Agriculture 5.4.3.3.2 Pharmaceutical 5.4.3.3.3 Others 6. Europe Formic Acid Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 6.1 Europe Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.2 Europe Formic Acid Market Size and Forecast, By Application (2023-2030) 6.3 Europe Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4 Europe Formic Acid Market Size and Forecast, by Country (2023-2030) 6.4.1 United Kingdom 6.4.1.1 United Kingdom Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.1.2 United Kingdom Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.1.3 United Kingdom Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.2 France 6.4.2.1 France Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.2.2 France Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.2.3 France Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.3 Germany 6.4.3.1 Germany Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.3.2 Germany Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.3.3 Germany Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.4 Italy 6.4.4.1 Italy Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.4.2 Italy Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.4.3 Italy Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.5 Spain 6.4.5.1 Spain Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.5.2 Spain Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.5.3 Spain Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.6 Sweden 6.4.6.1 Sweden Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.6.2 Sweden Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.6.3 Sweden Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.7 Austria 6.4.7.1 Austria Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.7.2 Austria Formic Acid Market Size and Forecast, By Application (2023-2030) 6.4.7.3 Austria Formic Acid Market Size and Forecast, By End-Users (2023-2030) 6.4.8 Rest of Europe 6.4.8.1 Rest of Europe Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 6.4.8.2 Rest of Europe Formic Acid Market Size and Forecast, By Application (2023-2030). 6.4.8.3 Rest of Europe Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7. Asia Pacific Formic Acid Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 7.1 Asia Pacific Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.2 Asia Pacific Formic Acid Market Size and Forecast, By Application (2023-2030) 7.3 Asia Pacific Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4 Asia Pacific Formic Acid Market Size and Forecast, by Country (2023-2030) 7.4.1 China 7.4.1.1 China Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.1.2 China Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.1.3 China Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.2 South Korea 7.4.2.1 S Korea Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.2.2 S Korea Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.2.3 S Korea Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.3 Japan 7.4.3.1 Japan Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.3.2 Japan Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.3.3 Japan Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.4 India 7.4.4.1 India Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.4.2 India Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.4.3 India Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.5 Australia 7.4.5.1 Australia Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.5.2 Australia Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.5.3 Australia Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.6 Indonesia 7.4.6.1 Indonesia Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.6.2 Indonesia Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.6.3 Indonesia Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.7 Malaysia 7.4.7.1 Malaysia Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.7.2 Malaysia Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.7.3 Malaysia Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.8 Vietnam 7.4.8.1 Vietnam Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.8.2 Vietnam Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.8.3 Vietnam Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.9 Taiwan 7.4.9.1 Taiwan Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.9.2 Taiwan Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.9.3 Taiwan Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.10 Bangladesh 7.4.10.1 Bangladesh Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.10.2 Bangladesh Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.10.3 Bangladesh Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.11 Pakistan 7.4.11.1 Pakistan Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.11.2 Pakistan Formic Acid Market Size and Forecast, By Application (2023-2030) 7.4.11.3 Pakistan Formic Acid Market Size and Forecast, By End-Users (2023-2030) 7.4.12 Rest of Asia Pacific 7.4.12.1 Rest of Asia Pacific Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 7.4.12.2 Rest of Asia PacificFormic Acid Market Size and Forecast, By Application (2023-2030) 7.4.12.3 Rest of Asia Pacific Formic Acid Market Size and Forecast, By End-Users (2023-2030) 8. Middle East and Africa Formic Acid Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 8.1 Middle East and Africa Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 8.2 Middle East and Africa Formic Acid Market Size and Forecast, By Application (2023-2030) 8.3 Middle East and Africa Formic Acid Market Size and Forecast, By End-Users (2023-2030) 8.4 Middle East and Africa Formic Acid Market Size and Forecast, by Country (2023-2030) 8.4.1 South Africa 8.4.1.1 South Africa Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 8.4.1.2 South Africa Formic Acid Market Size and Forecast, By Application (2023-2030) 8.4.1.3 South Africa Formic Acid Market Size and Forecast, By End-Users (2023-2030) 8.4.2 GCC 8.4.2.1 GCC Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 8.4.2.2 GCC Formic Acid Market Size and Forecast, By Application (2023-2030) 8.4.2.3 GCC Formic Acid Market Size and Forecast, By End-Users (2023-2030) 8.4.3 Egypt 8.4.3.1 Egypt Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 8.4.3.2 Egypt Formic Acid Market Size and Forecast, By Application (2023-2030) 8.4.3.3 Egypt Formic Acid Market Size and Forecast, By End-Users (2023-2030) 8.4.4 Nigeria 8.4.4.1 Nigeria Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 8.4.4.2 Nigeria Formic Acid Market Size and Forecast, By Application (2023-2030) 8.4.4.3 Nigeria Formic Acid Market Size and Forecast, By End-Users (2023-2030) 8.4.5 Rest of ME&A 8.4.5.1 Rest of ME&A Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 8.4.5.2 Rest of ME&A Formic Acid Market Size and Forecast, By Application (2023-2030) 8.4.5.3 Rest of ME&A Formic Acid Market Size and Forecast, By End-Users (2023-2030) 9. South America Formic Acid Market Size and Forecast by Segmentation for Demand and Supply Side (Value and Volume) (2023-2030) 9.1 South America Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 9.2 South America Formic Acid Market Size and Forecast, By Application (2023-2030) 9.3 South America Formic Acid Market Size and Forecast, By End-Users (2023-2030) 9.4 South America Formic Acid Market Size and Forecast, by Country (2023-2030) 9.4.1 Brazil 9.4.1.1 Brazil Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 9.4.1.2 Brazil Formic Acid Market Size and Forecast, By Application (2023-2030) 9.4.1.3 Brazil Formic Acid Market Size and Forecast, By End-Users (2023-2030) 9.4.2 Argentina 9.4.2.1 Argentina Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 9.4.2.2 Argentina Formic Acid Market Size and Forecast, By Application (2023-2030) 9.4.2.3 Argentina Formic Acid Market Size and Forecast, By End-Users (2023-2030) 9.4.3 Rest Of South America 9.4.3.1 Rest Of South America Formic Acid Market Size and Forecast, By Grade Type (2023-2030) 9.4.3.2 Rest Of South America Formic Acid Market Size and Forecast, By Application (2023-2030) 9.4.3.3 Rest Of South America Formic Acid Market Size and Forecast, By End-Users (2023-2030) 10. Global Formic Acid Market: Competitive Landscape 10.1 MMR Competition Matrix 10.2 Competitive Landscape 10.3 Key Players Benchmarking 10.3.1 Company Name 10.3.2 Product Segment 10.3.3 End-user Segment 10.3.4 Revenue (2023) 10.3.5 Manufacturing Locations 10.3.6 SKU Details 10.3.7 Production Capacity 10.3.8 Production for 2023 10.3.9 No. of Stores 10.4 Market Analysis by Organized Players vs. Unorganized Players 10.4.1 Organized Players 10.4.2 Unorganized Players 10.5 Leading Formic Acid Global Companies, by market capitalization 10.6 Market Structure 10.6.1 Market Leaders 10.6.2 Market Followers 10.6.3 Emerging Players 10.7 Mergers and Acquisitions Details 11. Company Profile: Key Players 11.1 BASF Intermediate Division 11.1.1 Company Overview 11.1.2 Business Portfolio 11.1.3 Financial Overview 11.1.4 SWOT Analysis 11.1.5 Strategic Analysis 11.1.6 Scale of Operation (small, medium, and large) 11.1.7 Details on Partnership 11.1.8 Regulatory Accreditations and Certifications Received by Them 11.1.9 Awards Received by the Firm 11.1.10 Recent Developments 11.2 BASF SE 11.3 Celanese Corporation 11.4 Chongqing Chuandong Chemical (Group) Co., Ltd. 11.5 Eastman Chemical Company 11.6 Feicheng Acid Chemicals Co., Ltd. 11.7 Fleurchem, Inc. 11.8 Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) 11.9 Kemira Oyj 11.10 LUXI Group Co., Ltd. 11.11 Perstorp Holding AB 11.12 Yara International ASA 11.13 Perstorp, 11.14 Luxi Chemical Group Co. Ltd. 11.15 Eastman Chemical Company 11.16 Anhui Asahi Kasei Chemical 12. Key Findings 13. Industry Recommendations 14. Terms and Glossary