Formic Acid Market worth $618,808.7 Thousand by 2019

The Report “Formic Acid Market by Types (Grades of 85%, 94%, 99%, and others) by Application (Agriculture, Leather & Textile, Rubber, Chemical & Pharmaceuticals, & others) & by Geography - Global Trends, Forecasts to 2019” report 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 - Global Trends, Forecasts to 2019"

Early buyers will receive 10% customization on this report.

Sample PDF Brochure of Report @

The formic acid market is significantly penetrating their end-use industries especially in silage preservation and animal feed. They have different characteristics as per their manufacturing and application requirement in the end products. The Asia-Pacific region is expected to dominate this market with its growing demand for formic acid in different applications, especially the agriculture, leather & textile, and rubber industry.

Investments and Expansion is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of formic acid to match the new demands coming from various end-user industries. Formic acid of 85% concentration is dominant among all the grades of the acid available, in terms of consumption and revenue, reasoned by it being low in concentration so it is less toxic to human and environment.

The Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. China, India, U.S., Germany and Brazil are expected to persist as successful formic acid markets. The key players in the global formic acid market are BASF SE (Germany), BASF SE (Germany), Feicheng Acid Chemicals Co. Ltd. (China), Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (India), Perstorp AB (Sweden), Taminco Corporation (Belgium), and others.

The formic acid demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.

The market value of the formic acid market (2012) was estimated for about about $451,339.4 thousand and is estimated to reach $618,808.7 thousand by 2019, growing at a CAGR of 4.9%, from 2014 to 2019. 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.

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

Lactic Acid & Poly Lactic Acid (PLA) Market by Raw Materials, Types, Applications and Potential Opportunities (Forecast to 2016)

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.

Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @
Connect with us on LinkedIn @
Visit MarketsandMarkets Website: