Dec 29, 2017   SOURCE: BusinessWire

Formic Acid Market: By Type, Application & Region - Forecast (2017-2022) - Research and Markets

The "Formic Acid Market - Forecast (2017-2022)" report has been added to Research and Markets' offering.

Formic acid which belongs to the group of carboxylic acids and also commonly known as methanoic acid is an important intermediate in chemical synthesis, occurring naturally, mostly in ant venom. It can be characterized by a colorless appearance and a highly pungent odor, and is soluble in various alcohols, acetones and ethers. Growing demand preservatives and feed additives coupled with increasing demand from major end user industries is expected to be the key growth drivers for formic acid during the period of study.

This report identifies the formic acid market size in for the year 2015-2017, and forecast of the same for year 2022. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to formic acid market.

Geographically Asia-Pacific dominated formic acid market owing to usage of formic acid in its large agricultural industry. Asia-Pacific was followed by Europe and North America as the second and third largest markets for formic acid. Asia-Pacific region is expected to remain the fastest growing region driven by expanding industrial based resulting into higher demand from major industries such as textile, leather and rubber industries in the region.

Companies Mentioned

  • BASF SE
  • Taminco Corporation
  • Perstorp AB
  • Feicheng Acid Chemicals Co. Ltd.
  • Gujarat Narmada Valley Fertilizers Co. Ltd.
  • Alfa Aesar
  • Chongqing Chuandong Chemical (Group) Co. Ltd.
  • Samsung Fine Chemicals Co. Ltd.
  • Helm Italia S.R.L
  • Shanxiyuanping Chemicals Co. Ltd.

Key Topics Covered:

1. Market Overview

2. Executive Summary

3. Market Landscape

4. Market Forces

5. Strategic Analysis

6. Formic Acid Market, By Type

7. Formic Acid Market, By Applications

8. Formic Acid Market, By Geography

9. Formic Acid - Market Entropy

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/9fkww2/formic_acid