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Global Formic Acid Market 2017-2021

Formic Acid Sector: Worldwide Forecast until 2021

  • December 2017
  • 86 pages
  • ID: 3095457
In this report:
By volume, the global formic acid market for chemicals and pharmaceuticals industry was ##.## thousand tons in 2016 and is expected to reach ##.## thousand tons by 2021, growing at a CAGR of ##.##%.
By volume, the global formic acid market for agriculture and animal feed was ##.## thousand tons in 2016 and is expected to reach ##.## thousand tons by 2021, growing at a CAGR of ##.##%.

Summary

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About Formic Acid

Formic acid is used abundantly since it is an ecological alternative to textile, leather, rubber, and other industries. The exceptionnal properties of a formic acid, when it comes to controlling acidity while effectively controlling microbial growth, makes it ideal for use in a broad spectrum of applications. Moreover, formic acid, unlike other acids, holds the advantage of performing as both carboxylic acid and aldehyde. Accordingly, formic acid functions as a reducing and as an acidifying agent, which offers the market immense potential and scope to be used across a wide range of industries.

The experts estimate the worldwide formic acid market to increase at a compound annual Growth rate of ~4.3 percent between 2017 and 2021.

What is the scope of this report?

The study describes the ongoing situation and its growth expectations of the global formic acid sector for 2017-2021. The report includes a detailed synthesis of the market, included data from multiple sources..

The sector is segmented into the specified segments established on area:

• Asia-Pac

• Europe, Middle East and Africa (EMEA)

• North America continent

• ROW

The market study, World-wide Formic Acid Sector 2017-2021, has been produced established on a comprehensive and detailed market studies with data coming from specialists of the sector. The study describes the market outlook and its growth expectations over the next years. This study also comprises conversations with top vendors operating in this segment.

• For a full, in-depth list, view our market report

What are the ongoing market challenges?

• Presence of profitable substitutes

• For a full, exhaustive list, view our market report

How is the market going?

• Direct syntheses of formic acid in acidic media

• For a full, in-depth list, view our market report

What are the main questions answered in this report?

• What will both market value and growth rate be in 2021?

• What are the key market forecasts?

• What is driving this sector?

• What are the conditions to market growth?

• Who are the main vendors in this market environment?

If you acquire this report, you can ask for one free hour with one of our analyst. Further information is provided within the report.

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