Global Formic Acid Market 2015-2019

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Formic acid is a carboxylic acid that is used as a chemical intermediate in various end-use applications. It is a colourless liquid formed by the reaction of sulphuric acid with sodium formate. Formic acid is commercially available in concentrations of 78%, 80%, 85%, 94% and 99%, of which the one with 85% concentration is the most widely sought. The acid is also produced as a by-product during the manufacture of acetic acid.

Agriculture, leather, rubber, chemicals and pharmaceutical industries are the major end-users of the acid, with the chemical being evaluated for new applications by other end-use industries.

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Market analysts forecast the global formic acid market to grow at a CAGR of 5.63% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the global formic acid market for the period 2015-2019. The report also provides data on the following segments of the market:

End-users (agriculture, leather, rubber, chemical & pharmaceutical, textile, and other industries)

Geography (APAC, EMEA, North America, and ROW)

Production process (methyl formate technology, acetic acid production, hydrogenation of carbon dioxide, oxidation of biomass, and bio-synthesis)

New report, Global Formic Acid Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, and an extensive coverage on various applications, geography, and production processes. The report provides comments on both the existing market landscape and the growth prospects in the coming years. The report further includes a discussion on the key vendors operating in this market and uses Herfindahl Index to...