Formic Acid Market by Types and Application is Projected to $618,808.7 Thousand by 2019 - Report by MarketsandMarkets

Share Article

The formic acid market is experiencing enormous growth which is expected to continue in the near future, mainly driven by the highly growing Asia-Pacific, Europe and North America. (http://www.marketsandmarkets.com/Market-Reports/formic-acid-Market-69868960.html)

MarketsandMarkets

MarketsandMarkets

Major Players in Formic Acid Market: BASF SE (Germany), Perstorp AB (Sweden), Feicheng Acid Chemicals Co. Ltd. (China), Samsung Fine Chemicals Co. Ltd., Helm Italia S.R.L, Alfa Aesar, Gujarat Narmada Valley Fertilizers Co. Ltd. and others.

The Report “Formic Acid Market by Types, Application & Geography - Global Trends, Forecasts to 2019”, analyzes the global formic acid market with respect to market drivers, opportunities, and trends in different regions.

Browse more than 93 market data tables 26 figures spread through 199 slides and in-depth TOC on "Formic Acid Market".
http://www.marketsandmarkets.com/Market-Reports/formic-acid-Market-69868960.html
Early buyers will receive 10% customization on reports.

The formic acid market is estimated to be 762,123.8 thousand tons by volume by 2019 signifying a firm annualized growth rate of over 3.8% from 2014 to 2019. The study basically aims to estimate the market for 2014 and is projected up to 2019. The formic acid market is subjugated by respective regional players along with the presence of few global players in the key growth markets. The Asia-Pacific region is the largest market, followed by Europe and North America in the global formic acid industry.

Speak to Analyst @
http://www.marketsandmarkets.com/speaktoanalyst.asp?id=69868960

In terms of market activities, expansions & investments was the most preferred development strategy by the players to increase their product portfolio, market share, and geographic reach. A number of expansions by the key players were seen in 2011, followed by merger & acquisition by some companies in 2013

Currently, the demand of formic acid is driven by the global animal feedstock, leather & textile, rubber, chemical & pharmaceutical and other applications. The demand for formic acid is supported by replacement of antibiotics as growth promoters in silage preservation and animal feed which has been banned by the European Union, increasing demand of its applications which leads to an increase in the consumption of formic acid, and the low toxicity levels of the 85% concentration which is consumed as per industry standards in different industries.

Purchase a Copy of this Report Today!
http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=69868960

The high demand across the industries, such as animal feedstock, leather & textile, rubber, chemical & pharmaceuticals and other industries will increase the overall formic acid consumption. Quality, readily degradable nature & effective substitute to other acids, an upsurge in the demand for these products and innovative techniques developed for its use will be the key influencing factors for the global market with the increased emphasis on its different types and their applications.

Browse Related Reports:

Acetic Acid Market & Its Derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents- Ethyl Acetate & Butyl Acetate) Market by Applications & Geography - Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/acetic-acid-market-187403448.html

Lactic Acid & Poly Lactic Acid (PLA) Market by Raw Materials, Types, Applications and Potential Opportunities (Forecast to 2016)
http://www.marketsandmarkets.com/Market-Reports/polylacticacid-387.html

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mr. Rohan
@marketsmarkets
since: 04/2009
Follow >
Market Research Report
since: 12/2010
Like >
Follow us on
Visit website