Lucintel Forecasts The Global Formic Acid Market Is Expected To Grow With A Cagr Of 3.2% From 2024 To 2030

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According to a market report by Lucintel, the future of the global formic acid market looks promising with opportunities in the pharmaceutical intermediate, silage & animal feed, leather & tanning, textile dyeing, oil & gas, rubber chemical markets. The global formic acid market is expected to grow with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are increasing demand for additives for silage and animal feed, growing need for preservation and the agricultural industry, along with using formic acid sustainably in a fuel cell.
A more than 150–page report is developed to understand Trends, opportunity and forecast in formic acid market to 2030 by sale channel (direct sale and indirect sale), end use (pharmaceutical intermediate, silage & animal feeds, leather & tanning, textile dyeing, oil & gas, rubber chemicals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, direct sale and indirect sale are the major segments of formic acid market by sale channel. Lucintel forecasts that direct sale is expected to witness ...
... the higher growth over the forecast period.
Within this market, silage & animal feed will remain the largest segment.
Download sample by clicking on formic acid market
APAC is expected to witness highest growth over the forecast period due to growing nations like China, Japan, and India, the demand for agriculture and the rubber sector will only grow due to rising urbanization.
BASF SE, Shandong Feicheng Acid Chemicals, Mudanjiang Fengda Chemicals, LUXI Group, Polioli, Perstorp, Taminco Corporation, Rashtriya Chemicals and Fertilizers, Gujarat Narmada Valley Fertilizers & Chemicals, and Huanghua Pengfa Chemical are the major suppliers in the formic acid market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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